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font-size: 10pt; font-style: normal; font-weight: normal; left: 211.52pt; position: var(--position); text-decoration: none; white-space: pre;">(Translation of Registrant&#8217;s name into English)<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 264.34pt; position: var(--position); text-decoration: none; white-space: pre;">England and Wales<span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 214.15pt; position: var(--position); text-decoration: none; white-space: pre;">(Jurisdiction of incorporation or organization)<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 542.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 271.7pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-8">155 Bishopsgate</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 262.96pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-9">London</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 296.29999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 298.79999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-10">EC2M 3TQ</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 270.32pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCountry" format="ixt-sec:countrynameen" id="f-11">United Kingdom</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 341.68pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.65pt; position: var(--position); text-decoration: none; white-space: pre;">(Address of principal executive offices)<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 596.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 285.03pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:ContactPersonnelName" id="f-12">Rob Irvin</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 256.62pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Financial Officer<span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 250.05pt; position: var(--position); text-decoration: none; white-space: pre;">Telephone: (<span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 303.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:CityAreaCode" id="f-13">212</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 318.61pt; position: var(--position); text-decoration: none; white-space: pre;">) <span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 324.44pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:LocalPhoneNumber" id="f-14">618 2800</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 242.79pt; position: var(--position); text-decoration: none; white-space: pre;">Email: <span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 274.15pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:ContactPersonnelEmailAddress" id="f-15">investors@marex.com</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 271.7pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:EntityAddressAddressLine1" id="f-16">155 Bishopsgate</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 262.96pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:EntityAddressCityOrTown" id="f-17">London</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 296.29999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.77pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 298.79999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:EntityAddressPostalZipCode" id="f-18">EC2M 3TQ</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 270.32pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-2" name="dei:EntityAddressCountry" format="ixt-sec:countrynameen" id="f-19">United Kingdom</ix:nonNumeric><span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 270.65pt; position: var(--position); text-decoration: none; white-space: pre;">+44 2076 556000 <span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.06pt; position: var(--position); text-decoration: none; white-space: pre;">(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710.61pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.53pt; position: var(--position); text-decoration: none; white-space: pre;">Securities registered or to be registered, pursuant to Section 12(b) of the Act<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 722.88pt;"><div style="width: 540pt;"></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 540pt;"></div></div><div><div style="position: var(--position); top: 59.76pt; width: 612pt;"><div style="font-size: 0pt; left: 36pt; position: var(--position); top: 0pt; width: 540pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 201.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 95.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 237pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 63.28pt; position: var(--position); text-decoration: none; white-space: pre;">Title of each class<span style="display: inline-block; height: 6.77pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 0pt; width: 95.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 95.25pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 7.5pt; position: var(--position); text-decoration: none; white-space: pre;">Trading Symbol(s)<span style="display: inline-block; height: 6.77pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 0pt; width: 237pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 237pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 25.53pt; position: var(--position); text-decoration: none; white-space: pre;">Name of each exchange on which registered<span style="display: inline-block; height: 6.77pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 24.4pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-20">Ordinary shares, par value $ 0.001551</ix:nonNumeric><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 14.25pt; width: 95.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 95.25pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-21">MRX</ix:nonNumeric><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 14.25pt; width: 237pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 237pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 69.38pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" id="f-22">NASDAQ</ix:nonNumeric><span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 111.03999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> Global Select<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 109.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Securities registered or to be registered pursuant to Section 12(g) of the Act: None<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 131.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 153.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Indicate the number of outstanding shares of each of the issuer&#8217;s classes of capital stock or common stock as of the close of <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 165.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the period covered by the annual report.&#160;<span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="dei:EntityCommonStockSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-23">72,221,843</ix:nonFraction><span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.04pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;ordinary shares.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 187.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule <span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 439.62pt; position: var(--position); text-decoration: none; white-space: pre;">405<span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 454.62pt; position: var(--position); text-decoration: none; white-space: pre;"> of the Securities Act.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 517.62pt; position: var(--position); text-decoration: none; white-space: pre;">Yes&#160;&#9744;&#160; &#160; <span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 553.47pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityWellKnownSeasonedIssuer" id="f-24">No</ix:nonNumeric><span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 565.69pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;&#9746;<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 231.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 243.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">13 or 15(d) of the Securities Exchange Act of 1934.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 261.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.24pt; position: var(--position); text-decoration: none; white-space: pre;">Yes&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 521.28pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;&#160; &#160; <span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 551.28pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityVoluntaryFilers" id="f-25">No</ix:nonNumeric><span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 563.5pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;<span style="display: inline-block; height: 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36pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Act of 1934 from their obligations under those Sections.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 309.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 321.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">and (2) has been subject to such filing requirements for the past 90 days.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 351.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" 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white-space: pre;">pursuant to Rule 405 of Regulation S-T (&#167; 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">registrant was required to submit such files).<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 411.46pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityInteractiveDataCurrent" id="f-27">Yes</ix:nonNumeric><span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 518.78pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 521.28pt; position: var(--position); text-decoration: none; white-space: pre;">&#9746;&#160; &#160; <span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 551.28pt; position: var(--position); text-decoration: none; white-space: pre;">No&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS 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white-space: pre;">growth company. 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position: var(--position); top: 525.96pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 537.96pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#8201;<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); 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font-size: 10pt; font-style: normal; font-weight: normal; left: 285.99pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:IcfrAuditorAttestationFlag" format="ixt:fixed-false" id="f-30">&#9744;</ix:nonNumeric><span style="display: inline-block; height: 8.59pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 609.96pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">If securities are registered pursuant to Section 12(b) of the Act, indicate by <span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 337.3pt; position: var(--position); text-decoration: none; white-space: pre;">check<span style="display: inline-block; 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top: 669.96pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="position: var(--position); top: 687.96pt; width: 612pt;"><div style="font-size: 0pt; left: 31.75pt; position: var(--position); top: 0pt; width: 543.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 353.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 35.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">U.S. GAAP<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 95.25pt; position: var(--position); top: 0pt; width: 353.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 353.25pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.58pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:DocumentAccountingStandard" id="f-33">International Financial Reporting Standards</ix:nonNumeric><span style="display: inline-block; height: 6.93pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 204.64pt; position: var(--position); text-decoration: none; white-space: pre;"> as issued by the International <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 353.25pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.9pt; position: var(--position); text-decoration: none; white-space: pre;">Accounting&#160;Standards Board<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 448.5pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#9746;<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 478.5pt; position: var(--position); top: 0pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 513.75pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;<span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 722.88pt;"><div style="width: 540pt;"></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 540pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 59.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.9pt; position: var(--position); white-space: pre;">If &#8220;Other&#8221; has been checked in response to the previous question indicate by check mark which financial statement item the registrant <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 71.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); white-space: pre;">has elected to follow.<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 89.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 469.4pt; position: var(--position); text-decoration: none; white-space: pre;">Item 17&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 502.7pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;&#160; &#160; <span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 532.6999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">Item 18&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 566pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;<span style="display: inline-block; height: 8.59pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 107.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange <span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 119.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Act).<span style="display: inline-block; height: 6.93pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.76pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.24pt; position: var(--position); text-decoration: none; white-space: pre;">Yes&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 521.28pt; position: var(--position); text-decoration: none; white-space: pre;">&#9744;&#160; &#160; <span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 551.28pt; position: var(--position); text-decoration: none; white-space: pre;">No&#160;<span style="display: inline-block; height: 8.59pt;"></span></span><span style="font-family: 'MS Gothic', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 566pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:EntityShellCompany" format="ixt:fixed-false" id="f-34">&#9746;</ix:nonNumeric><span style="display: inline-block; height: 8.59pt;"></span></span></div><div style="position: var(--position); top: 155.76pt; width: 612pt;"><div style="font-size: 0pt; left: 36pt; position: var(--position); top: 0pt; width: 540pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 540pt;"/></tr><tr style="height: 3pt;"><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 16.74pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.89pt; position: var(--position); text-decoration: none; white-space: pre;">i<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_44"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 278.51pt; position: var(--position); text-decoration: none; white-space: pre;">CONTENTS<span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 519.47pt; position: var(--position); text-decoration: none; white-space: pre;">Page<span style="display: inline-block; height: 6.77pt;"></span></span></div><div style="position: var(--position); top: 116pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 421.2pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 46.8pt;"/></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0dde70bd3e914557bb041a683eb3fb8b">Item 1.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0dde70bd3e914557bb041a683eb3fb8b">Identity of Directors, Senior Management and Advisers</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 0pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0dde70bd3e914557bb041a683eb3fb8b">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 13.21pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i26bd7ae66ca244858e26baf389113d6b">Item 2.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i26bd7ae66ca244858e26baf389113d6b">Offer Statistics and Expected Timetable</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 13.21pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i26bd7ae66ca244858e26baf389113d6b">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 26.42pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib54f93b96e4f4faca784ff2fc478d6ac">Item 3.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib54f93b96e4f4faca784ff2fc478d6ac">Key Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 26.42pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib54f93b96e4f4faca784ff2fc478d6ac">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.63pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8f66391df2d341a9af4a1a5967410830">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8f66391df2d341a9af4a1a5967410830">[Reserved]</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 39.63pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8f66391df2d341a9af4a1a5967410830">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 52.84pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i22b56383e9b2426f8dade6bad5f80b58">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i22b56383e9b2426f8dade6bad5f80b58">Capitalization and Indebtedness</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 52.84pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i22b56383e9b2426f8dade6bad5f80b58">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 66.05pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i140ab39756114a29bfb23460f11a290a">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i140ab39756114a29bfb23460f11a290a">Reasons for the Offer and Use of Proceeds</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 66.05pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i140ab39756114a29bfb23460f11a290a">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.26pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i45f90b8f834246e39d623153bbec3cbf">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i45f90b8f834246e39d623153bbec3cbf">Risk Factors</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 79.26pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i45f90b8f834246e39d623153bbec3cbf">6</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 92.47pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie4f6f3dd10ef4d2ca8daa7d93532f1b8">Item 4.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie4f6f3dd10ef4d2ca8daa7d93532f1b8"> Information on the Company.</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 92.47pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie4f6f3dd10ef4d2ca8daa7d93532f1b8">52</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105.68pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id5acbc8a254e4db3b415c0a9d0f5b0e0">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id5acbc8a254e4db3b415c0a9d0f5b0e0">History and Development of the&#160;Company</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 105.68pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id5acbc8a254e4db3b415c0a9d0f5b0e0">52</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 118.89pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2ef3c818860e46a2b702599383c6724d">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2ef3c818860e46a2b702599383c6724d">Business Overview</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 118.89pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2ef3c818860e46a2b702599383c6724d">52</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132.1pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie9a4f313be1045ad8ba788acf083788e">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie9a4f313be1045ad8ba788acf083788e">Organizational Structure</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 132.1pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie9a4f313be1045ad8ba788acf083788e">75</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.31pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i118bbd22f61f40268f79e0f1b5f5f60d">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i118bbd22f61f40268f79e0f1b5f5f60d">Property, Plant and Equipment</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 145.31pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i118bbd22f61f40268f79e0f1b5f5f60d">75</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 158.52pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i843c0efcb89c487d86c1c449e34a5c51">Item 4A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i843c0efcb89c487d86c1c449e34a5c51">Unresolved Staff Comments</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 158.52pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i843c0efcb89c487d86c1c449e34a5c51">76</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171.73pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85e47791e4d34ef7a94c300a887086a5">Item 5.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85e47791e4d34ef7a94c300a887086a5">Operating and Financial Review and Prospects</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 171.73pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85e47791e4d34ef7a94c300a887086a5">77</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 184.94pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iad0df242e2284675877039f86dd16b36">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iad0df242e2284675877039f86dd16b36">Operating Results</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 184.94pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iad0df242e2284675877039f86dd16b36">85</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 198.15pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i355ad1235f9f4cf298a6eeb4edc1305c">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i355ad1235f9f4cf298a6eeb4edc1305c">Liquidity and Capital Resources</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 198.15pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i355ad1235f9f4cf298a6eeb4edc1305c">96</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 211.36pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iac785f09bbc2440d8425199a7d81d671">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iac785f09bbc2440d8425199a7d81d671">Research and Development, Patents and Licenses, etc.</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 211.36pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iac785f09bbc2440d8425199a7d81d671">100</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 224.57pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i825bd979d36249809e1d7916f897db2f">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i825bd979d36249809e1d7916f897db2f">Trend Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 224.57pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i825bd979d36249809e1d7916f897db2f">100</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237.78pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie53c588587744609adc96b696224c98e">E.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie53c588587744609adc96b696224c98e">Critical Accounting Estimates</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 237.78pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie53c588587744609adc96b696224c98e">100</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 250.99pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3ed0a4b2e54b4d6b9ed49170ec20b133">Item 6.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3ed0a4b2e54b4d6b9ed49170ec20b133">Directors, Senior Management And Employees</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 250.99pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3ed0a4b2e54b4d6b9ed49170ec20b133">101</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 264.2pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib0e9dc9c13114c06a5396f37d49c4a70">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib0e9dc9c13114c06a5396f37d49c4a70">Directors and Senior Management</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 264.2pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ib0e9dc9c13114c06a5396f37d49c4a70">101</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 277.41pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8ecb9d08af9a4592bb55ce1466d70ec0">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8ecb9d08af9a4592bb55ce1466d70ec0">Compensation</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 277.41pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i8ecb9d08af9a4592bb55ce1466d70ec0">104</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 290.62pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcae92a1fbb34973a7d5ad931cd75047">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcae92a1fbb34973a7d5ad931cd75047">Board Practices</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 290.62pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcae92a1fbb34973a7d5ad931cd75047">151</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 303.83pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ia96583a364d74b6d86f2b9668e2fd9d3">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ia96583a364d74b6d86f2b9668e2fd9d3">Employees</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 303.83pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ia96583a364d74b6d86f2b9668e2fd9d3">153</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 317.04pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic273f74586c249a3958236c78fa38b2b">E.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic273f74586c249a3958236c78fa38b2b">Share Ownership</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 317.04pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic273f74586c249a3958236c78fa38b2b">154</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 23.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 330.25pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i789f26dfa82b49b4b15eb5e7f571a774">F.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i789f26dfa82b49b4b15eb5e7f571a774">Disclosure of a Registrant&#8217;s Action to Recover Erroneously Awarded </a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.98pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i789f26dfa82b49b4b15eb5e7f571a774">Compensation</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 330.25pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i789f26dfa82b49b4b15eb5e7f571a774">154</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 353.46pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id9634f9a287b47879b47be7a19259c9b">Item 7.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id9634f9a287b47879b47be7a19259c9b">Major Shareholders and Related Party Transactions</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 353.46pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id9634f9a287b47879b47be7a19259c9b">154</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 366.67pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i729e0ac8307640cb967e098b1b6c0594">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i729e0ac8307640cb967e098b1b6c0594">Major Shareholders</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 366.67pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i729e0ac8307640cb967e098b1b6c0594">154</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 379.88pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iae9c9e5d179e4ebbbccee81220406bba">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iae9c9e5d179e4ebbbccee81220406bba">Related Party Transactions</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 379.88pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iae9c9e5d179e4ebbbccee81220406bba">156</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 393.09pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0aaf2e79a2074bf58443699c7f19c11f">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0aaf2e79a2074bf58443699c7f19c11f">Interests of Experts and Counsel</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 393.09pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0aaf2e79a2074bf58443699c7f19c11f">158</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 406.3pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i65d15cf73ad04be9ae50efdddbca29a4">Item 8.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i65d15cf73ad04be9ae50efdddbca29a4">Financial Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 406.3pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i65d15cf73ad04be9ae50efdddbca29a4">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 419.51pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9824b67cf5e8403ba4a251577f6919bb">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9824b67cf5e8403ba4a251577f6919bb">Consolidated Statements and Other Financial Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 419.51pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9824b67cf5e8403ba4a251577f6919bb">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 432.72pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0bd88a284ba546feb00f278262c36054">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0bd88a284ba546feb00f278262c36054">Significant Changes</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 432.72pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0bd88a284ba546feb00f278262c36054">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 445.93pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i99ac0b7b661442edb314e878e22d727c">Item 9.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i99ac0b7b661442edb314e878e22d727c">The Offer and Listing</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 445.93pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i99ac0b7b661442edb314e878e22d727c">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 459.14pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9f0a4f322f0c4f0e8cf31b90673202a6">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9f0a4f322f0c4f0e8cf31b90673202a6">Offer and Listing Details</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 459.14pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i9f0a4f322f0c4f0e8cf31b90673202a6">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 472.35pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i38c11aa5bb50456d9e75dd54885ccf52">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i38c11aa5bb50456d9e75dd54885ccf52">Plan of Distribution</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 472.35pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i38c11aa5bb50456d9e75dd54885ccf52">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 485.56pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i5306707e0d9947ba9568b5189d51f318">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i5306707e0d9947ba9568b5189d51f318">Markets</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 485.56pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i5306707e0d9947ba9568b5189d51f318">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 498.77pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ief894698c27842a69b4c05910d1e200b">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ief894698c27842a69b4c05910d1e200b">Selling Shareholders</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 498.77pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ief894698c27842a69b4c05910d1e200b">159</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 511.98pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i21b58bae424c47e8a20c03d69dad50a3">E.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i21b58bae424c47e8a20c03d69dad50a3">Dilution</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 511.98pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i21b58bae424c47e8a20c03d69dad50a3">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 525.19pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i6577bb72f68445b5a2edc26c1987e714">F.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i6577bb72f68445b5a2edc26c1987e714">Expenses of the Issue</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 525.19pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i6577bb72f68445b5a2edc26c1987e714">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 538.4pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i43093c68cb4847d5a5616721d1ef89fa">Item 10.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i43093c68cb4847d5a5616721d1ef89fa">Additional Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 538.4pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i43093c68cb4847d5a5616721d1ef89fa">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 551.61pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ice7a17cd6c6847b787a68fe7a1ce65e0">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ice7a17cd6c6847b787a68fe7a1ce65e0">Share Capital</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 551.61pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ice7a17cd6c6847b787a68fe7a1ce65e0">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 564.82pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i01c8e621932b409989ecb2e1f2a5af50">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i01c8e621932b409989ecb2e1f2a5af50">Memorandum and Articles of Association</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 564.82pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i01c8e621932b409989ecb2e1f2a5af50">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 578.03pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic045c68933bd49a5966590a6d6502323">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic045c68933bd49a5966590a6d6502323">Material Contracts</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 578.03pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic045c68933bd49a5966590a6d6502323">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 16.74pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 303.78pt; position: var(--position); text-decoration: none; white-space: pre;">ii<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 421.2pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 46.8pt;"/></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i33d7c9c1febc4f159b73eff3f16f572f">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i33d7c9c1febc4f159b73eff3f16f572f">Exchange Controls</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 0pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i33d7c9c1febc4f159b73eff3f16f572f">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 13.21pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if536af44578d481e88ff3ff998553fa8">E.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if536af44578d481e88ff3ff998553fa8">Taxation</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 13.21pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if536af44578d481e88ff3ff998553fa8">160</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 26.42pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ideae6fda6b824e149a012ef35192b9a3">F.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ideae6fda6b824e149a012ef35192b9a3">Dividends and Paying Agents</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 26.42pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ideae6fda6b824e149a012ef35192b9a3">168</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.63pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i55b5a26c0185424291d61cfdd4a6e528">G.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i55b5a26c0185424291d61cfdd4a6e528">Statement by Experts</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 39.63pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i55b5a26c0185424291d61cfdd4a6e528">169</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 52.84pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id4cf50c44d134d91b1360e4294a967d0">H.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id4cf50c44d134d91b1360e4294a967d0">Documents on Display</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 52.84pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id4cf50c44d134d91b1360e4294a967d0">169</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 66.05pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i60e521fa410f4efa882eb94bb7632824">I.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i60e521fa410f4efa882eb94bb7632824">Subsidiary Information</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 66.05pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i60e521fa410f4efa882eb94bb7632824">169</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.26pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i54f39d53d82843dea3b9ad051d1b896f">J.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i54f39d53d82843dea3b9ad051d1b896f">Annual Report to Security Holders</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 79.26pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i54f39d53d82843dea3b9ad051d1b896f">169</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 92.47pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if44bddce0e69422b9e240637fbb2c9b0">Item 11.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if44bddce0e69422b9e240637fbb2c9b0">Quantitative and Qualitative Disclosures About Market Risk</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 92.47pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if44bddce0e69422b9e240637fbb2c9b0">169</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105.68pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i63608ac41b8d45f8856ce14c1745b41f">Item 12.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i63608ac41b8d45f8856ce14c1745b41f">Description of Securities Other Than Equity Securities</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 105.68pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i63608ac41b8d45f8856ce14c1745b41f">176</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 118.89pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic753f40ad49c4d26808a460c31ec1979">Item 13.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic753f40ad49c4d26808a460c31ec1979">Defaults, Dividend Arrearages and Delinquencies</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 118.89pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ic753f40ad49c4d26808a460c31ec1979">176</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132.1pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if0a345c5fdfc4877ae352ac535763c56">Item 14.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if0a345c5fdfc4877ae352ac535763c56">Material Modifications to the Rights of Security Holders and Use of Proceeds</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 132.1pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#if0a345c5fdfc4877ae352ac535763c56">176</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.31pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i36ccf8a136494b26b8b3cf5eeacbed3f">Item 15.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i36ccf8a136494b26b8b3cf5eeacbed3f">Controls and Procedures</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 145.31pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i36ccf8a136494b26b8b3cf5eeacbed3f">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 158.52pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2edbe67dd52a479e915238fe12e879e5">A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2edbe67dd52a479e915238fe12e879e5">Disclosure Controls and Procedures</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 158.52pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i2edbe67dd52a479e915238fe12e879e5">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171.73pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie952643485e84185a7a230758dc44ab1">B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie952643485e84185a7a230758dc44ab1">Management&#8217;s Annual Report on Internal Control Over Financial Reporting</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 171.73pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ie952643485e84185a7a230758dc44ab1">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 184.94pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i06c2516529af4ff5b6790f8addd41931">C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i06c2516529af4ff5b6790f8addd41931">Attestation Report of the Registered Public Accounting Firm</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 184.94pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i06c2516529af4ff5b6790f8addd41931">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 198.15pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#icc982693eb4f455ab44909662e19ad09">D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 108.98pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#icc982693eb4f455ab44909662e19ad09">Changes in Internal Control Over Financial Reporting</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 198.15pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#icc982693eb4f455ab44909662e19ad09">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 211.36pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1f398e32182d48ad8569d63aff40d3d0">Item 16.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1f398e32182d48ad8569d63aff40d3d0">[Reserved]</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 211.36pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1f398e32182d48ad8569d63aff40d3d0">177</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 224.57pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id74c673db9b74db884a4924e33e9135e">Item 16A.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id74c673db9b74db884a4924e33e9135e">Audit Committee Financial Expert</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 224.57pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id74c673db9b74db884a4924e33e9135e">178</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237.78pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iab9d235cc4df43388a1ae5047c0db9b6">Item 16B.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iab9d235cc4df43388a1ae5047c0db9b6">Code of Ethics</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 237.78pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#iab9d235cc4df43388a1ae5047c0db9b6">178</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 250.99pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i723c959920c44f53b3de1fba88c9e36e">Item 16C.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i723c959920c44f53b3de1fba88c9e36e">Principal Accountant Fees and Services</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 250.99pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i723c959920c44f53b3de1fba88c9e36e">178</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 264.2pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0f02c6edfe5c488b8302f041fbe90246">Item 16D.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0f02c6edfe5c488b8302f041fbe90246">Exemptions from the Listing Standards for Audit Committees</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 264.2pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0f02c6edfe5c488b8302f041fbe90246">179</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 277.41pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0a3e075956ac49c7a6e224f23cf3d9ae">Item 16E.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0a3e075956ac49c7a6e224f23cf3d9ae">Purchases of Equity Securities by the Issuer and Affiliated Purchasers</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 277.41pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i0a3e075956ac49c7a6e224f23cf3d9ae">179</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 290.62pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i7dee0347d3f14c3190c073bf6e5d9359">Item 16F.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i7dee0347d3f14c3190c073bf6e5d9359">Change in Registrant&#8217;s Certifying Accountant</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 290.62pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i7dee0347d3f14c3190c073bf6e5d9359">179</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 303.83pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i98754fa5cba248f09bf874e2e69a27de">Item 16G.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i98754fa5cba248f09bf874e2e69a27de">Corporate Governance</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 303.83pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i98754fa5cba248f09bf874e2e69a27de">179</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 317.04pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#idace558316cc4f78bf77af70c6c16525">Item 16H.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#idace558316cc4f78bf77af70c6c16525">Mine Safety Disclosure</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 317.04pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#idace558316cc4f78bf77af70c6c16525">180</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 330.25pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcfdcc0b4838442eaa6c061453066466">Item 16I.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcfdcc0b4838442eaa6c061453066466">Disclosure Regarding Foreign Jurisdictions That Prevent Inspections</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 330.25pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ifcfdcc0b4838442eaa6c061453066466">180</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 343.46pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id95252ede2e646a08dd8b9c4f0c34a6f">Item 16J.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id95252ede2e646a08dd8b9c4f0c34a6f">Insider Trading Policies</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 343.46pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id95252ede2e646a08dd8b9c4f0c34a6f">180</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 356.67pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1ebb425c3c864b448453be537d1901f1">Item 16K.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1ebb425c3c864b448453be537d1901f1">Cybersecurity</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 356.67pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i1ebb425c3c864b448453be537d1901f1">180</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 369.88pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id557655c2b7841c78936ed07dd83d29c">Item 17.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id557655c2b7841c78936ed07dd83d29c">Financial Statements</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 369.88pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#id557655c2b7841c78936ed07dd83d29c">182</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 383.09pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3281b9f69e3d4bf6b45a6c61a606fe89">Item 18.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3281b9f69e3d4bf6b45a6c61a606fe89">Financial Statements</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 383.09pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i3281b9f69e3d4bf6b45a6c61a606fe89">182</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr><tr style="height: 13.21pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 396.3pt; width: 421.2pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 421.2pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 23.93pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ibb86cfc9dee3479ca6394844496fc299">Item 19.</a><span style="display: inline-block; height: 6.93pt;"></span></span><span style="left: 73.53pt; position: var(--position);"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ibb86cfc9dee3479ca6394844496fc299">Exhibits</a><span style="display: inline-block; height: 6.93pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.2pt; position: var(--position); top: 396.3pt; width: 46.8pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 46.8pt;"><span style="color: #000000; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.17pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#ibb86cfc9dee3479ca6394844496fc299">182</a><span style="display: inline-block; height: 6.93pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">1<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_47"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 230.79pt; position: var(--position); text-decoration: none; white-space: pre;">ABOUT THIS ANNUAL REPORT<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">General Information<span style="display: inline-block; height: 7.28pt;"></span><span id="i0663f9d19eca4d019e2eb945afae2aa8"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Except where the context otherwise requires or where otherwise indicated, the terms &#8220;Marex,&#8221; the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Company,&#8221; the &#8220;Group,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;our company&#8221; and &#8220;our business&#8221; refer to Marex Group plc, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">together with its consolidated subsidiaries as a consolidated entity.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market And Industry Data<span style="display: inline-block; height: 7.28pt;"></span><span id="i12035a92d58348aebf22e7aa92366351"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Within this Annual Report on Form 20-F (&#8220;Annual Report&#8221;), we reference information and statistics <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regarding the industries in which we operate. We have obtained this information and statistics from our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 206pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own internal estimates, surveys and research, as well as from various independent third-party sources <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and publicly available data. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our estimates are derived from publicly available information released by third-party sources, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">well as data from our internal research, which we believe to be reasonable. None of the independent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">industry publications used in this Annual Report were prepared on our behalf.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Industry publications, research, surveys, studies and forecasts generally state that the information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">they contain has been obtained from sources believed to be reliable, but that the accuracy and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completeness of such information is not guaranteed. These forecasts and forward-looking information are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 322pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to uncertainty and risk due to a variety of factors, including those described under &#8220;Cautionary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement Regarding Forward-Looking Statements&#8221; and &#8220;Risk Factors.&#8221; These and other factors could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cause results to differ materially from those expressed in the forecasts or estimates from independent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">third parties and us.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trademarks, Service Marks And Trade Names<span style="display: inline-block; height: 7.28pt;"></span><span id="i3f04f526069e4829a5420c6c211077ed"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have proprietary rights to certain trademarks used in this Annual Report that are important to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our business, certain of which are registered under applicable intellectual property laws.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This Annual Report contains additional trademarks, service marks and trade names of others, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which are the property of their respective owners. All trademarks, service marks and trade names <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appearing in this Annual Report are, to our knowledge, the property of their respective owners. We do not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intend our use or display of other companies&#8217; trademarks, service marks or trade names to imply a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationship with, or endorsement or sponsorship of us by, any other companies.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Solely for convenience, the trademarks, service marks, logos and trade names referred to in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report are without the &#174; and &#8482; symbols, but such references are not intended to indicate, in any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable licensors to these trademarks, service marks, logos and trade names.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Presentation Of Financial And Other Information<span style="display: inline-block; height: 7.28pt;"></span><span id="i949cec0a9052420a90f017dd58e01cf9"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We report under the International Financial Reporting Standards (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 397.77pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;I<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.87pt; position: var(--position); text-decoration: none; white-space: pre;">FRS<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 423.85pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">&#174;<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 428.63pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 430.85pt; position: var(--position); text-decoration: none; white-space: pre;">Accounting Standards&#8221;)&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as issued by the International Accounting Standards Board (the &#8220;IASB&#8221;). The financial information in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report has been prepared in accordance with IFRS Accounting Standards, as issued by the IASB, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which differ in certain significant respects from accounting principles generally accepted in the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States (&#8220;U.S. GAAP&#8221;). This Annual Report does not include a reconciliation from IFRS Accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Standards to U.S. GAAP. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We present our consolidated financial statements in U.S. dollars. All references in this Annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Report to &#8220;dollar,&#8221; &#8220;USD&#8221; or &#8220;$&#8221; mean U.S. dollars, all references to &#8220;&#163;,&#8221; &#8220;GBP&#8221; or &#8220;Pounds Sterling&#8221; mean <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">British pounds sterling and all references to &#8220;Euro&#8221; or &#8220;&#8364;&#8221; mean the currency of the member states of the <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">2<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">European Monetary Union that have adopted or that adopt the single currency in accordance with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treaty establishing the European Community, as amended by the Treaty on European Union. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain monetary amounts, percentages, and other figures included in this Annual Report have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the arithmetic aggregation of the figures that precede them, and figures expressed as percentages in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">percentages that precede them. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 198pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1870"></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 121.17pt; position: var(--position); text-decoration: none; white-space: pre;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This Annual Report contains forward-looking statements that relate to our current expectations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and views of future events. These forward-looking statements are contained principally in the sections <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">entitled principally in the sections entitled Item 3.D. &#8220;Key Information&#8212;Risk Factors,&#8221; Item 4. &#8220;Information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the Company,&#8221; and Item 5. &#8220;Operating and Financial Review and Prospects.&#8221; These statements relate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to events that involve known and unknown risks, uncertainties and other factors, including those listed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under &#8220;Risk Factors,&#8221; which may cause our actual results, performance or achievements to be materially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">different from any future results, performance or achievements expressed or implied by the forward-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">looking statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In some cases, these forward-looking statements can be identified by words or phrases such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;aim,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;is/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are likely to&#8221; or other similar expressions. Statements regarding our <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 371.93pt; position: var(--position); text-decoration: none; white-space: pre;">future results of operations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial position, growth strategy and plans, completion of acquisitions and objectives of management for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future operations, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 152.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">are forward-looking statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">These forward-looking statements are subject to risks, uncertainties and assumptions, some of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which are beyond our control. In addition, these forward-looking statements reflect our current views with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect to future events and are not a guarantee of future performance. Actual outcomes may differ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">materially from the information contained in the forward-looking statements as a result of a number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">factors, including, without limitation, the risk factors set forth in &#8220;Risk Factors&#8221; and the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">subdued commodity market activity or pricing levels;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">the effects of geopolitical events, terrorism and wars, such as the effect of Russia&#8217;s military action <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">in Ukraine or the on-going conflicts in the Middle East, on market volatility, global macroeconomic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">conditions and commodity prices;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">changes in interest rate levels;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">the risk of our clients and their related financial institutions defaulting on their obligations to us;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory, reputational and financial risks as a result of our international operations;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">software or systems failure, loss or disruption of data or data security failures;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">an inability to adequately hedge our positions and limitations on our ability to modify contracts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">and the contractual protections that may be available to us in OTC derivatives transactions;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">market volatility, reputational risk and regulatory uncertainty related to commodity markets, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">equities, fixed income, foreign exchange and cryptocurrency;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">the impact of climate change and the transition to a lower carbon economy on supply chains and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">the size of the market for certain of our energy products;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">3<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">the impact of changes in judgments, estimates and assumptions made by management in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">application of our accounting policies on our reported financial condition and results of operations;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">lack of sufficient financial liquidity;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">if we fail to comply with applicable law and regulation, we may be subject to enforcement or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">action, forced to cease providing certain services or obliged to change the scope or nature of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">operations;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">significant costs, including adverse impacts on our business, financial condition and results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">operations, and expenses associated with compliance with relevant regulations; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">if we fail to remediate the material weaknesses we identified in our internal control over financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">reporting or prevent the occurrence of material weaknesses in the future, the accuracy and timing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">of our financial statements may be impacted, which could result in material misstatements in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">financial statements or failure to meet our reporting obligations and subject us to potential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">delisting, regulatory investments or civil or criminal sanctions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The forward-looking statements made in this Annual Report relate only to events or information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as of the date on which the statements are made in this Annual Report. Except as required by law, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undertake no obligation to update or revise publicly any forward-looking statements, whether as a result <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of new information, future events or otherwise, after the date on which the statements are made or to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reflect the occurrence of unanticipated events. You should read this Annual Report and the documents <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that we reference in this Annual Report and have filed as exhibits to the Annual Report completely and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with the understanding that our actual future results or performance may be materially different from what <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we expect.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, statements that &#8220;we believe&#8221; and similar statements reflect our beliefs and opinions on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the relevant subject. These statements are based upon information available to us as of the date of this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report, and while we believe such information forms a reasonable basis for such statements, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such information may be limited or incomplete, and our statements should not be read to indicate that we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">You should read this Annual Report completely and with the understanding that our actual future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results may be materially different from what we expect. We qualify all of our forward-looking statements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by these cautionary statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">4<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1893"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 92pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 241.33pt; position: var(--position); text-decoration: none; white-space: pre;">RISK FACTORS SUMMARY<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 112pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">The following is a summary of the principal risks that could significantly and negatively affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 124pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">business, prospects, financial conditions, or operating results. For a more complete discussion of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 136pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">material risks facing our business, see Item 3.D. &#8220;Key Information&#8212;Risk Factors&#8221;:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 161.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;">Risks Relating to the Macroeconomic Environment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 186.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Our business is adversely affected by subdued commodity market activity or pricing levels, with <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">low volatility and declines in commodity pricing levels reducing commissions, spreads and <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 215.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">revenue;<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 229.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Russia&#8217;s military action in Ukraine has caused significant market volatility, affected global <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">macroeconomic conditions and commodity prices and could lead to a substantial slowdown in the <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">global economy. The risks to our business from the war in Ukraine may increase if the war is <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">prolonged or escalates and could result in a period of market uncertainty with low trading volumes <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">and market illiquidity; and<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 301.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Our results of operations and financial condition are directly impacted by interest rate levels, as <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">we earn interest on the cash balances that we hold.<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;">Risks Relating to Our Business<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 367.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Our clients and their related financial institutions may default on their obligations to us due to <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">insolvency, operational failure or for other reasons, which could adversely affect our business, <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">financial condition and results of operations;<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 410.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We are subject to a variety of regulatory, reputational and financial risks as a result of our <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 425.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">international operations. Non-compliance with applicable regulatory regimes could result in <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">significant financial and reputational damage;<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 453.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Software or systems failure, loss or disruption of data or data security failures could, among other <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">things, limit our ability to conduct our operations and lead to a breach of regulations and <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">contractual obligations;<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 497.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We are subject to risks related to OTC derivatives transactions due to the inability to adequately <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 511.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">hedge our positions, limitations on our ability to modify contracts and the contractual protections <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 525.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">that may be available to us; and<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 540.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We are subject to exposure to cryptocurrencies and potential losses and reputational impact from <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">clients trading cryptocurrency derivatives. We may also be impacted by developing regulation of <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 569.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">cryptocurrencies and related activities.<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 595.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;">Risks Relating to Our Financial Position<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 620.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Changes in judgments, estimates and assumptions made by management in the application of <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">our accounting policies may result in significant changes to our reported financial condition and <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 649.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">results of operations; and<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 663.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We require financial liquidity to facilitate our day-to-day operations. Lack of sufficient liquidity <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">could adversely impact our operations and limit our future growth potential.<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">5<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;">Risks Relating to Regulation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 109pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">If we fail to comply with applicable law and regulation, we may be subject to enforcement or other <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 123.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">action, forced to cease providing certain services or obliged to change the scope or nature of our <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 137.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">operations; and<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 152.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We and our businesses are subject to regulation and supervision by the FCA in the United <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Kingdom, the CFTC, NFA, the SEC and FINRA in the United States, the AMF and ACPR in <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 181pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">France, ASIC in Australia, the SCA and DFSA in Dubai, SFC in Hong Kong, MAS in Singapore, <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">the Alberta Securities Commission in Canada, BaFIN in Germany, CMNV in Spain, the CMVM in <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 209.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Portugal, the CBI in Ireland, the Consob in Italy and other regulatory and self-regulatory <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">organizations. Complying with relevant regulations may result in significant costs and expenses <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">and adversely affect our business, financial condition and results of operations.<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 265pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;">Risks Relating to Ownership of Our Ordinary Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We have identified material weaknesses in our internal control over financial reporting and may <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">identify additional material weaknesses in the future or fail to maintain an effective system of <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">internal control over financial reporting, which may result in material misstatements of our <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">consolidated financial statements or cause us to fail to meet our periodic reporting obligations; <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">and<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">We are a foreign private issuer, and, as a result, we are subject to Securities Exchange Act of <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">1934, as amended (the &#8220;Exchange Act&#8221;), reporting obligations that, to some extent, are more <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">lenient and less frequent than those of a U.S. domestic public company.<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">6<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2303"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 1.<span style="display: inline-block; height: 7.28pt;"></span><span id="i0dde70bd3e914557bb041a683eb3fb8b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Identity of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 176.49pt; position: var(--position); text-decoration: none; white-space: pre;">Directors<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 220.37pt; position: var(--position); text-decoration: none; white-space: pre;">, Senior <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 259.76pt; position: var(--position); text-decoration: none; white-space: pre;">Management<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 320.85pt; position: var(--position); text-decoration: none; white-space: pre;"> and Advisers<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 116pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2557"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 2.<span style="display: inline-block; height: 7.28pt;"></span><span id="i26bd7ae66ca244858e26baf389113d6b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Offer<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 149.88pt; position: var(--position); text-decoration: none; white-space: pre;"> Statistics <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 199.85pt; position: var(--position); text-decoration: none; white-space: pre;">and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 217.61pt; position: var(--position); text-decoration: none; white-space: pre;"> Expected Timetable<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 160pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2326"></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 3.<span style="display: inline-block; height: 7.28pt;"></span><span id="ib54f93b96e4f4faca784ff2fc478d6ac"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Key Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i8f66391df2d341a9af4a1a5967410830"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">[Reserved]<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i22b56383e9b2426f8dade6bad5f80b58"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Capitalization<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 172.94pt; position: var(--position); text-decoration: none; white-space: pre;"> and Indebtedness<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="i140ab39756114a29bfb23460f11a290a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Reasons for the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 186.28pt; position: var(--position); text-decoration: none; white-space: pre;">Offer<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 210.16pt; position: var(--position); text-decoration: none; white-space: pre;"> and Use of Proceeds<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="i45f90b8f834246e39d623153bbec3cbf"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Risk <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 131.88pt; position: var(--position); text-decoration: none; white-space: pre;">Factors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">You should carefully consider the risks described below before making an investment decision. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our business, financial condition or results of operations could be materially and adversely affected by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any of these risks. The trading price and value of our ordinary shares could decline due to any of these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risks, and you may lose all or part of your investment. This Annual Report also contains forward-looking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements that involve risks and uncertainties. Our actual results could differ materially from those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">anticipated in these forward-looking statements as a result of certain factors, including the risks faced by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us as described below and elsewhere in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Risks Relating to the Macroeconomic Environment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our business is adversely affected by subdued commodity market activity or pricing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">levels, with low volatility and declines in commodity pricing levels reducing our commissions, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">spreads and revenue<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 171.95999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We generate revenue primarily from the commissions we earn and the spreads we make from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">facilitating and executing client orders. These revenue sources depend substantially on client trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">volumes and pricing levels, which, in turn, depend on many factors, many of which are beyond our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">control. These factors include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">volatility and pricing levels in commodities, currency, securities and other markets;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">client confidence and risk appetite levels;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">general economic and geopolitical conditions and developments, including Russia&#8217;s military action <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in Ukraine and the on-going conflicts in the Middle East;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">overall levels of global trade and the implementation of any barriers to trading, including, without <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">limitation, tariffs and disruption to trade routes;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes in demand for specific commodities, including, for example, reductions in demand for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">coal, fuel oil and other energy commodities and increases in demand for renewable energy;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">climate and weather patterns, which impact supply markets and chains for certain commodities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">including, without limitation, agricultural commodities and metals;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">7<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">legislative and regulatory changes, including, but not limited to, trade policies and unexpected <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions, which may cause significant uncertainty, affect market structures and reduce client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">activity, because of, or pending the outcome of, such changes;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes in market dynamics or structure due to rapid change in the method of broking in one or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">more products in which our clients trade, including, for example, a transition from telephone or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">voice trading to screen or electronic trading;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">actions of competitors, including pricing competition for overlapping products and markets and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">their entry into additional products or markets; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes in inflation, foreign exchange, interest rates and monetary and fiscal policies.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Low volatility and declines in pricing levels generally decrease client trading activity and reduce <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our revenue. Reductions in economic activity and growth levels, particularly in emerging markets, also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reduce trading activity. Decreases in trading volumes or pricing levels may significantly reduce our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commissions and the spreads we make facilitating and executing client orders and adversely affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Geopolitical events, terrorism and wars can cause significant market volatility, affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">global macroeconomic conditions and commodity prices and could lead to a substantial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">slowdown in the global economy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our business and the markets in which we operate (in particular, commodities such as energy, grain and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">metals) may experience significant volatility as the result of geopolitical events, terrorism and wars, such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as Russia&#8217;s large-scale invasion of Ukraine in February 2022 or the on-going conflicts in the Middle East. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market volatility can and has in the past materially impacted the price of commodities that our clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade and activity in the markets in which we operate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The unprecedented economic and other sanctions against Russia implemented by the North <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Atlantic Treaty Organization and individual countries in response to the invasion have restricted and may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">further restrict or prevent us from entering into new transactions with affected entities and impact the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settlement of existing transactions. Many Western companies have also closed their Russian businesses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and/or announced their unwillingness to retain interests in Russian assets or to continue dealings with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Russian or related counterparties, even where such action is not mandated by current sanction regimes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The scope and scale of such economic sanctions and voluntary actions remain subject to rapid and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unpredictable change, including because of the volatile conditions in Ukraine, and may severely affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">global macroeconomic conditions, European economies and the stability and willingness of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties to trade. Existing concerns about market volatility, disruptions to supply chains, high <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">inflation rates and the risk of regional or global recessions or &#8220;stagflation,&#8221; a recession or reduced rates of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">economic growth coupled with high inflation rates, have been exacerbated by Russia&#8217;s invasion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ukraine. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">It continues to be unclear how long the war between Russia and Ukraine may last or how severe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">its impacts may become. If the conflict is prolonged, escalates or expands (including if additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">countries become involved), if additional economic sanctions or other measures are imposed or if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disruptions to supply chains worsen, regional and/or global macroeconomic conditions and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets could be impacted more severely. Other geopolitical events could have a material adverse effect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on our business, financial condition, results of operations and prospects, as such events often may cause <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market volatility and uncertainty. Longer periods of significant market volatility could adversely affect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">perceived stability of commodities and lead to declines in commodity pricing levels, which may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significantly reduce our commissions and may adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">8<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our results of operations and financial condition are directly impacted by interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">levels, as we earn interest on the cash balances that we hold.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.91pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We maintain large cash and financial instrument balances on behalf of our clients with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges, central clearing counterparties (&#8220;Clearing Houses&#8221;), brokers and banks. We also maintain our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own cash balances. We earn interest on these balances and do not pay interest on all client balances. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Accordingly, we are generally able to retain a significant portion of the interest we earn on such balances. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Short-term interest rates are particularly sensitive to factors beyond our control. A decline in interest rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or a decline in our cash and financial instrument balances may adversely affect our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our results of operations and financial condition could be adversely affected by changes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in exchange rates between the U.S. dollar and other currencies, principally the Pound Sterling and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Euro. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We report our financial results in U.S. dollars. However, a significant proportion of our costs are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incurred, and a portion of our trading activity is conducted, in currencies other than the U.S. dollar. As a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result, our results of operations and financial condition are significantly affected by movements in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange rates between the U.S. dollar and other currencies, particularly the Pound Sterling and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Euro. As our levels of commissions earned are tied to the volume and pricing levels of products traded, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any depreciation in the Euro against the U.S. dollar would lead to a decrease in the level of our reported <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commissions from trading activity in products priced in Euro. Further, due to our extensive operations in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the United Kingdom (including having significant back office and other support staff and lease obligations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for office space), any depreciation in the Pound Sterling against the U.S. dollar would decrease the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses in our income statement and could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The United Kingdom&#8217;s withdrawal from the European Union has adversely affected, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may further adversely affect, our business for multiple reasons that are beyond our control, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including adversely affecting economic growth and reducing overall levels of trading activities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the costs of such activities between the United Kingdom and the European Union. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a result of the United Kingdom&#8217;s formal withdrawal from the European Union in January 2020 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;Brexit&#8221;), the ability of U.K. and European Economic Area (&#8220;EEA&#8221;) companies to provide cross-border <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services has been restricted, particularly in the financial services sector. The passporting regime under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Directive 2014/65/EU on markets in financial instruments (&#8220;MiFID II&#8221;) and other European regulations, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which enables firms to provide services to countries across the EEA, no longer encompasses the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom. Furthermore, the end of EEA passporting for U.K. firms means that such firms <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 462.94pt; position: var(--position); text-decoration: none; white-space: pre;">are largely<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 509.61pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restricted to providing services to clients that are domiciled in the EEA on a &#8220;reverse solicitation&#8221; basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(where a firm has not solicited or marketed such activities or services in the particular jurisdiction), unless <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">they are appropriately authorized. The requirement to service clients in the EEA on a &#8220;reverse solicitation&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis is restrictive and limits the ways in which our U.K. entities can interact with clients and potential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients, which may make it harder to do business in the EEA. In the future, if the ability to provide services <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on a &#8220;reverse solicitation&#8221; basis was to change, EEA regulators may require us to obtain additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">licenses in their respective jurisdictions to service clients. We may stop or limit servicing clients pending <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval of the relevant license or choose not to continue to service clients in the jurisdictions in question. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In either case, our financial performance would be adversely affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There is currently no EEA equivalence for U.K. trading venues. As a result, EEA clients trading on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a U.K. exchange are required to treat such trades as over-the-counter (&#8220;OTC&#8221;) derivatives transactions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rather than as exchange-traded derivatives transactions. This has and may result in additional regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting obligations. EEA clients may also not want to trade financial instruments listed on U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges. Furthermore, U.K. investment firms have lost certain rights with respect to access to, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">providing their clients with a connection to, certain infrastructural assets that are necessary for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provision of certain services. An example is the provision of direct electronic access to trading venues <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 302.66pt; position: var(--position); white-space: pre;">9<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">authorized in the EEA. This may make our business less attractive to EEA clients, which could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have an adverse impact on our business, financial conduct and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The change in the United Kingdom&#8217;s relationship with the European Union due to Brexit has and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may have several further consequences, including adversely affecting economic growth in the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom and the European Union and reducing overall levels of trading activity between the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom and the European Union. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Future regulatory or legal divergence between the European Union and the United Kingdom may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result in increased compliance costs, impact our business activities and result in EEA clients moving away <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from U.K.-based services. Our failure to successfully manage these risks, which are largely outside of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">control, could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Various factors beyond our control, including pandemics, terrorist attacks or natural <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disasters, may adversely affect our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our business has been affected in the past, and could be significantly affected in the future, by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">major events such as pandemics, terrorist attacks, natural disasters or extreme weather conditions, fires, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">power shortages, civil unrest or strikes. It is not possible to fully mitigate these risks and their related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impacts. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For example, the COVID-19 pandemic caused an increase in client defaults, as well as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reduction in our trading volumes in metals following the physical closure of the LME in March 2020. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Severe weather and climate-change related phenomenon has previously impacted our business in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agricultural markets such as, cocoa, coffee and grains, which may significantly reduce the production and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">size of those markets. Insurance cover for any of the above risks may not be sufficient to cover the full <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extent of any loss or damage suffered. There is also no guarantee that if a major event occurs, we will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">able to secure adequate insurance cover in the future. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Significant reductions in economic activity levels or declines in commodity pricing levels because <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of these factors would reduce trading volumes and our revenue. Our inability to successfully manage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these risks could adversely affect our business, financial condition, results of operations and prospects.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risks Relating to Our Business<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our clients and their related financial institutions may default on their obligations to us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">due to insolvency, operational failure or for other reasons, which could adversely affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We extend margin financing to clients of our Clearing and Hedging and Investment Solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">businesses and to certain clients of the Capital Markets division of our Agency and Execution business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Clients of any of these businesses may default on margin calls or settlement payments. Where a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client enters into an exchange-traded derivatives transaction that is cleared by us, we will post margin <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with a clearing house to cover the clearing house&#8217;s margin requirements in connection with the client&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">open positions on the relevant exchange. We will then issue margin calls to the client for the payment of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the margin due to us, and the client may default on such margin calls. In OTC derivatives transactions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other non-cleared transactions, we primarily act as principal to the transaction and are therefore <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">responsible for determining the amount of margin due to us. We may experience losses if adequate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">margin cannot be collected from the relevant client through the life of the trade or if the client fails to pay <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any cash settlement amount due to us on termination or expiry of the transaction. In relation to certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">types of transactions that involve leveraging or for which the relevant market is more volatile (for example, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">leveraged exchange-traded funds (&#8220;ETF&#8221;) transactions, which are offered through the Capital Markets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">division of our Agency and Execution business), such losses could be greater due to the value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financing that is typically provided. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">10<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We also enter into agreements with certain clients and their financial institutions under which the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant financial institution agrees to fund the client&#8217;s margin calls up to a pre-agreed limit. We may suffer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">losses to the extent that the financial institution defaults on its obligation to pay such amounts. We are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also exposed to counterparty credit risk in respect of client cash deposits held with financial institutions, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which may default due to insolvency, operational failure or for other reasons. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In our Agency and Execution business within the Energy division and other service offerings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within our Capital Markets division, we arrange trades between two clients and issue an invoice for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commissions earned on the completed transaction. Although we are not a counterparty to such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transactions, we are exposed to the risk that these clients may fail to pay our commissions. We are also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposed to intraday risks as the agent facilitating such transactions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our credit risk management procedures are designed to help mitigate our credit risk but cannot <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">eliminate the prospect of defaults, particularly those that may arise from events or circumstances that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">difficult to detect or foresee. Market volatility may result in some of our clients facing liquidity issues due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased margin calls, which may, in turn, lead to an increase in late or failed margin payments to us by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients. Historically, we have seen client defaults increase during periods of substantial market volatility. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For example, market turmoil connected to the Russian invasion of Ukraine resulted in a number <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of late client payments due to increasing pressure on the global banking system. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 429.74pt; position: var(--position); text-decoration: none; white-space: pre;">Similarly, following the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">surge of nickel prices of 270% on the LME over three trading days in early March 2022, we saw an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increase in late margin payments to us by clients.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 290.28999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> In certain circumstances, we may enter into alternative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements with clients as collateral for the debt owed to us. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">These risks may also be exacerbated if our exposure is concentrated in a particular geography or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 363.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">type of client. For example, where we have a substantial number of clients in a particular country, region <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or industry, a sovereign debt or other crisis affecting such country or a natural disaster impacting such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 385.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">region or industry or any negative effects in such region or industry may negatively impact such clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Given the increasing impacts of climate change, severe weather events, such as droughts, hurricanes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and fires, may also lead to defaults across various agricultural producers in affected regions. For <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">example, during market turmoil connected to unusual weather patterns experienced across the central <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and southern American regions, and the subsequent impact on coffee production and onward supply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 441.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">chains, a number of our clients in Brazil defaulted on margin call payments in late 2024. If we experience <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a significant number of client defaults, particularly if we experience them contemporaneously, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition, results of operations and prospects may be adversely affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to a variety of regulatory, reputational and financial risks as a result of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">global operations. Non-compliance with applicable regulatory regimes could result in significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial and reputational damage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 531.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The success of our business depends on the sufficiency of our risk management program, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 543.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including policies, training and other controls on anti-money laundering (&#8220;AML&#8221;), sanctions, counter-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 555.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terrorist financing, anti-bribery, anti-corruption, financial risk, fraud and data security. The design and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 567.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">implementation of the policies, training, procedures and practices we use to identify, monitor, control and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reduce risk have not always been effective, and we cannot guarantee that they will always be effective in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 591.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the future. The risks we face in this respect include: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 613.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Regulatory Compliance: We are subject to regulatory requirements imposed by the U.K. Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 625.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Conduct Authority (&#8220;FCA&#8221;), the French Financial Markets Authority (Autorit&#233; des March&#233;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 637.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Financiers) (the &#8220;AMF&#8221;), the French Prudential Supervision and Resolution Authority (Autorit&#233; de <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 649.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contr&#244;le prudentiel et de resolution) (the &#8220;ACPR&#8221;), the U.S. Commodity Futures Trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 661.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Commission (the &#8220;CFTC&#8221;), the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;), the U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 673.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Industry Regulatory Authority (&#8220;FINRA&#8221;), the National Futures Association (the &#8220;NFA&#8221;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 685.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Dubai Securities and Commodities Authority (&#8220;SCA&#8221;), the Dubai Financial Services Authority <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 697.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;DFSA&#8221;), the Australian Securities &amp; Investments Commission (&#8220;ASIC&#8221;), the Alberta Securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 709.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Commission, the Hong Kong Securities and Futures Commission (&#8220;SFC&#8221;), the Monetary Authority <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.77pt; position: var(--position); white-space: pre;">11<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">of Singapore (&#8220;MAS&#8221;), the Central Bank of Ireland, the Italian Companies and Exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Commission (Commissione Nazionale per le Societ&#224; e la Borsa) (&#8220;&#8221;Consob&#8221;), the Portuguese <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Securities Market Commission (Comiss&#227;o do Mercado de Valores Mobili&#225;rios) (&#8220;CMVM&#8221;), the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Spanish National Securities Market Commission (Comisi&#243;n Nacional del Mercado de Valores) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;CMNV&#8221;), the German Federal Financial Supervisory Authority (Bundesanstalt f&#252;r <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Finanzdienstleistungsaufsicht or &#8220;BaFin&#8221;) and other regulatory bodies in the jurisdictions in which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">we trade. We have in the past failed to comply with regulatory requirements and been subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory inquiries or enforcement actions for regulatory non-compliance, and we may so fail to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">comply and be subject to such inquiries and actions in the future. Regulatory enforcement could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">result in materially adverse consequences such monetary penalties or partial or full censures on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our ability to conduct regulated activities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Anti-Corruption Compliance: We are subject to anti-corruption laws and regulations, such as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">U.S. Foreign Corrupt Practices Act (&#8220;FCPA&#8221;) and the U.K. Bribery Act, in the jurisdictions in which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">we operate. These anti-corruption laws generally prohibit corruptly offering, promising, giving or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">authorizing others to give anything of value, either directly or indirectly, to a government official or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">private party in order to influence official action or otherwise gain an unfair business advantage, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">such as to obtain or retain business. Violation of these or similar laws and regulations could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">subject us, and individual employees, to a regulatory enforcement action, as well as significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">civil and criminal penalties. Such violations could also result in severe restrictions on our activities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and damage to our reputation. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Calibri', sans-serif; font-size: 11pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 8.25pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Anti-Money Laundering Compliance: We are subject to applicable AML laws in the jurisdictions in <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344.32pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">which we operate, including the Bank Secrecy Act and USA PATRIOT Act in the United States and <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Proceeds of Crime Act, the Terrorism Act and the Money Laundering, Terrorist Financing and <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368.96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) in the United <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.28pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom. The AML laws impose a variety of requirements, including implementing and <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">maintaining risk-based systems and controls that obtain &#8220;know-your-customer&#8221; documentation <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 405.92pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">upon onboarding clients and screen clients on an ongoing basis. A violation of these or similar <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">laws have in the past and could in the future subject us, and individual employees, to a regulatory <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430.56pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement action, as well as significant civil and criminal penalties and reputational harm. The <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442.88pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">E.U. has agreed and adopted a comprehensive package of measures to reform the primary AML <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and CTF legislation across the E.U. 27 Member States (the package together is known as &#8220;MLD <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 467.52pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">6&#8221;).&#160; Whilst MLD 6 will increase harmonisation in respect of certain AML and CTF obligations <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 479.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">across the E.U., other aspects of compliance with remain subject to differences as between the <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">implementation in each Member State, such that together, MLD 6 will likely result in material <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504.48pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes to the day to day AML and CTF operating procedures of various Marex entities, bringing <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">with it increased costs and regulatory enforcement risks associated with designing and <span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 529.12pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">implementing compliance with an updated regulatory regime.<span style="display: inline-block; height: 8.25pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 551.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Sanctions and Export Controls Compliance: We are subject to trade restrictions, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 563.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">economic sanctions and export controls, administered by the United States, including the Office of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 575.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign Assets Control of the U.S. Department of the Treasury (&#8220;OFAC&#8221;), His Majesty&#8217;s Treasury, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 587.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the European Union and other relevant authorities, and such restrictions may prohibit or restrict <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 599.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">transactions in certain countries and with certain designated persons. Non-compliance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 611.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions restrictions, or failure of related systems and controls to identify and prevent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 623.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">impermissible or unauthorized activity or transactions by persons subject to sanctions or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 635.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">trade restrictions, could result in civil or criminal liability, including censures and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 647.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">penalties. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 669.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Market Abuse and Manipulation: Third-party traders or our personnel may manipulate market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 681.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">prices by creating fictitious orders or mislead the market. We may fail to detect any such actions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 693.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">to manipulate prices or mislead the market. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">12<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Fraudulent Transactions: We may suffer losses if our risk management policies, procedures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">practices fail to prevent unauthorized activity or acts intended to defraud, misappropriate property <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">or circumvent the law (for example, a third party impersonating a creditworthy client to trade on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">credit or deceptive third-party transactions made in violation of relevant anti-money laundering or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions standards). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Incorrect Settlements: We may make or be subject to unauthorized transfers of funds. Our risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">management policies, procedures and practices may fail to prevent the use of incorrect or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">fraudulent settlement instructions (for example, a phishing attack causing us to misdirect client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">funds to a third party). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Inadequate Risk and Position Limits: We may fail to correctly apply risk controls to a client&#8217;s or an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">internal house account or open positions. If a client takes larger positions than are appropriate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and defaults, for example, we may suffer significant losses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Change Management Risk: We may fail to implement key change initiatives with minimal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">disruption to business-as-usual activities. We may also fail to mitigate the risks to which we could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">be exposed because of such changes (for example, delay in embedding processes and controls <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in connection with expansions of our business). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Personnel Error: Our employees or agents may commit errors or fail to carry out their assigned <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">roles properly (for example, &#8220;fat finger&#8221; incidents that lead to trades being executed incorrectly).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Personnel Misconduct: Our employees or agents may engage in misconduct, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">embezzlement of client funds, hiding unauthorized trading activities from us, using company funds <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">towards client entertainment in an inappropriate or excessive manner or in breach of clients&#8217; own <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">compliance requirements, improper or unauthorized activities on behalf of clients, improper use of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">confidential information, the improper use of marketing materials or the inappropriate use of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">authority or influence by current or former personnel. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange and Clearing House Fines: As a member of multiple exchanges and clearing houses, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">we are subject to the rules and regulations of such exchange and clearing houses. We have in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">past been subject to immaterial fines from exchanges or clearing houses as a result of our or our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">clients&#8217; failure to comply with the exchange or clearing house rules, and we or our clients may fail <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">to comply with such rules in the future. Exchange and clearing house fines could result in financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">loss and reputational damage.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There is also a risk that our systems and infrastructure to support our risk management policies, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">procedures and practices may be insufficient, disrupted or compromised. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Regulators have broad powers to investigate and enforce compliance with applicable rules and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 548pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations, and investigations themselves can be costly and disruptive to the business. Enforcement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">powers include the ability of the FCA or other regulators to require us to appoint a skilled person and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ability of the FCA or other regulators to appoint investigators, impose censures or financial penalties on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us, fine, suspend or prohibit our employees from performing regulated activities or limit or withdraw <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorizations that we require to operate portions of our business. Any such actions could also result in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant damage to our reputation, material financial losses, potential litigation and private claims for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">damages, or otherwise adversely affect our business, financial condition, results of operations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we or our third-party providers fail to protect our IT systems or Confidential Information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">this could, among other things, limit our ability to conduct our operations and lead to legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liability, material financial penalties, or damage to our reputation, which could materially affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, results of operations, and financial condition. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">13<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We depend on the capacity and reliability of the computer, communications, and other information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technology systems (collectively, &#8220;IT Systems&#8221;) that are critical to our operations, whether owned and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operated internally or by third parties. We rely upon third party providers for the majority of our IT <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Systems. We also rely on the integrity of the data held within and used by such IT Systems. These IT <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Systems include broking platforms to transact business and middle-office and back-office systems to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">record, monitor and settle transactions and allow for the storage and transmission of Personal Information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regarding our clients, employees, business partners and other third parties, as well as proprietary and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">confidential business information or other critical data (collectively, &#8220;Confidential Information&#8221;). As such, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we may be an attractive target for data security attacks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We face numerous and evolving cybersecurity risks that threaten the confidentiality, integrity and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">availability of our IT Systems and Confidential Information, and the performance of these IT Systems <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could deteriorate or fail. For example, our data center providers have also been subject to denial-of-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">service (&#8220;DoS&#8221;) attacks, and we have been the target of phishing attempts that have sought to mimic our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">websites to lure clients into transferring money to fraudulent accounts. We have not experienced a DoS <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attack impacting our ability to provide services since 2020 as we implemented several DoS protection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measures for our external-facing systems. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There has been an increasing number of cyberattacks in recent years, and the number and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complexity of these threats continue to increase over time. There is also a heightened threat of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cyberattacks on our third-party suppliers and service providers. For example, in January 2023, ION, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">third party on whom we rely as our back-office provider, was subject to a cyberattack, which suspended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">access to trade management and reporting systems, but, to our knowledge, no Personal Information was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lost or exfiltrated. As a result, we had to adopt manual processes for several days, which resulted in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant increase in workload for our operations team and increased operational risk due to potential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">human error in the processing or reporting of trades. ION implemented a number of measures designed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to prevent future cyberattacks, including multi-factor authentication programs and CrowdStrike.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The techniques used to obtain unauthorized access to systems or sabotage systems or disable or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">degrade services, change frequently and are often unrecognizable until launched against a target, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">therefore, our cybersecurity measures have not in the past and may not in the future detect or prevent all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attempts to compromise our systems, including denial-of-service attacks, viruses, malicious software, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ransomware, break-ins, phishing attacks, social engineering, deepfakes or other similar technology, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">security breaches or other attacks. Such cyberattacks may misappropriate Confidential Information held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by or on behalf of us, jeopardize the security of Confidential Information stored in and transmitted by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IT Systems or cause disruption to our operations, or otherwise cause our business to suffer financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">losses or damages. Further, there can be no assurances that we will be able to prevent or control any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">losses due to deepfakes or other malicious uses of artificial intelligence, which may develop in the future. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, we may need to expend significant resources to protect against data security breaches or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">mitigate the impact of any such breaches, including potential liability that may not be limited to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amounts covered by our insurance, and any failure to prevent or mitigate security incidents could result in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant liability and a material loss of revenue resulting from the adverse impact on our reputation and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brand, a diminished ability to retain or attract new clients and a disruption to our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Future incidents could also occur as a result of a loss of power, human error, a sudden spike in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction volumes, natural disasters, fire, sabotage, hardware or software malfunctions or defects, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">computer viruses, intentional acts of vandalism, client error or misuse, lack of proper maintenance or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring or other factors or events. Such incidents could cause many issues, including, but not limited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">significant disruptions in service to our clients; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">slower response times;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">delays in trade execution;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">14<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">failed settlement of trades; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">incomplete or inaccurate accounting, recording, processing or reporting of trades.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If the IT Systems upon which we rely fail, or if we experience security incidents impacting our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Confidential Information, we may experience significant financial losses, litigation or arbitration claims <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">filed by or on behalf of our clients, regulatory enforcement or other actions. The above risks are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exacerbated as a result of us being a financial services provider that holds client funds and by the nature <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our business, which involves recording, storing, manipulating and disseminating significant amounts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">data. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Security breaches could also expose us to liability under various laws and regulations across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions and increase the risk of litigation and governmental or regulatory investigation. Due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">concerns about data security and integrity, a growing number of legislative and regulatory bodies have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adopted breach notification and other requirements in the event that information subject to such laws is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accessed by unauthorized persons and additional regulations regarding security of such data are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">possible. We may need to notify governmental authorities and affected individuals with respect to such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incidents; this is the case in, for example, the United States. We are also subject to the SEC&#8217;s new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity reporting obligations and laws in the European Union and United Kingdom which may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require businesses to provide notice to individuals whose Personal Information has been disclosed as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result of a data security breach. Complying with such numerous and complex regulations in the event of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">data security breach would be expensive and difficult, and failure to comply with these regulations could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject us to regulatory scrutiny and additional liability. We may also be contractually required to notify <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients or other counterparties of a security incident, including a data security breach. Regardless of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contractual protections, any actual or perceived data security breach, or breach of our contractual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations, could harm our reputation and brand, expose us to potential liability or require us to expend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant resources on data security and in responding to any such actual or perceived breach. Any such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">breach, disruption or failure could also have a negative effect on our reputation and may adversely affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to risks related to OTC derivatives transactions due to the inability to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adequately hedge our positions, limitations on our ability to modify contracts and the contractual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protections that may be available to us. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We offer bespoke, off-exchange hedging solutions in the form of customized OTC derivatives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedging through the Hedging Solutions division of our Hedging and Investment Solutions business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">particularly in commodity products, to clients who cannot fulfil their specific hedging requirements with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange-traded derivatives. After entering into a customized contract for a client, we may be unable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">find a standardized contract that matches relevant parameters. As a result, we may be unable to fully <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedge our exposure under the customized contract. There may also be mismatches or delays in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">timing of cash flows due from or to counterparties in the OTC derivatives transactions or related hedging, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading, collateral or other transactions. We may not have adequate cash available to fund our current <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations, or our counterparty may fail to retain adequate cash to meet its obligations to us. In either <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">case, we may suffer losses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Generally, OTC derivatives transactions may only be modified or terminated by mutual consent of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the parties to the transaction (other than in certain limited default and other specified situations, such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market disruption events) and subject to agreement on individually negotiated terms. Accordingly, it may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not be possible to modify, terminate or offset obligations or exposure to the risks associated with a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction prior to its scheduled termination date. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any of the above factors could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">15<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to exposure to cryptocurrencies and potential losses and reputational <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impact from clients trading derivatives or other financial products linked to cryptocurrencies. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may also be impacted by developing regulation of cryptocurrencies and related activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We offer a limited number of structured notes and OTC derivatives through our Hedging and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investment Solutions business. In addition, through our Clearing business, we offer a limited number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange-traded derivatives linked to cryptocurrencies, and we offer clients the ability to trade shares in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Traded Funds (&#8220;ETFs&#8221;) linked to the performance of cryptocurrencies such as Bitcoin and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ethereum. We may also trade on our own account certain cryptocurrencies and financial products that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">linked to cryptocurrencies primarily to hedge our exposure to our obligations under such offerings, but <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also on a limited scale in order to generate a favorable funding spread. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The value of cryptocurrencies is based in part on market adoption and future expectations, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may or may not be realized. As a result, the prices of cryptocurrencies are highly volatile. Such prices <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been in recent periods, and are likely to continue to be, subject to significant fluctuations. While we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">do not consider our exposure to cryptocurrency to be material to our business, if the value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cryptocurrencies to which we and our clients are exposed declines, we could incur financial losses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may experience financial loss and reputational damage from our involvement in regulatory or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legal proceedings related to cryptocurrency. For example, MCMI was previously involved in legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proceedings with BlockFi Inc. et al. (collectively, &#8220;BlockFi&#8221;) regarding assets that were held in an MCMI <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client account by Emergent Fidelity Technologies LTD (&#8220;Emergent&#8221;), which is an affiliate of former <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cryptocurrency exchange FTX Trading Ltd. (&#8220;FTX&#8221;). BlockFi alleged that the assets were the subject of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pledge agreement entered into between BlockFi and Emergent, and in November 2022 commenced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proceedings against Emergent (in which MCMI, as custodian of the assets, was included) to enforce the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms of the pledge agreement. MCMI subsequently received a Warrant of Seizure from the U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Department of Justice (&#8220;DOJ&#8221;) in respect of the assets and complied with the same, transferring the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assets to the DOJ in January 2023. The case against MCMI was closed in September 2024 following the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settlement of BlockFi&#8217;s claims in the FTX bankruptcy and the subsequent transfer of those claims against <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex to FTX. BlockFi&#8217;s claim did not allege any wrongdoing or wrongful misconduct by MCMI; it only <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">alleged that MCMI had been the custodian of the assets that are the subject of BlockFi&#8217;s purported <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">claims. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI has also been subjected to various requests from regulatory bodies and governmental <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorities, including the DOJ, arising from the FTX bankruptcy in connection with the accounts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Alameda Research LLC (&#8220;Alameda&#8221;), also an affiliate of FTX, and Emergent held with MCMI. While we do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not believe these regulatory or legal proceedings will have a material impact on our business, particularly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">given that our financial loss in these proceedings is limited to the immaterial legal fees we have incurred, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any such proceedings in the future could harm our reputation, business and financial condition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The regulatory approach to cryptocurrencies and related activities is an area that is under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">constant review by financial services regulators in various jurisdictions. As such, we are subject to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continued risk of legislative and regulatory change in this area, which may affect our ability to offer the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limited number of structured notes and OTC derivatives that we currently do through our Hedging and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investment Solutions business and the exchange-traded derivatives and ETFs that we currently do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through our Clearing business. While we do not believe these legislative or regulatory changes will have a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">material impact on our business, particularly given the limited nature and size of our cryptocurrency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">activities, changes in rules might restrict these aspects of our business or may require us to obtain new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permissions to continue with our activities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may not detect, deter or prevent misconduct, errors, failures or fraudulent activity by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our clients, employees, agents or other third parties and, subsequently, we are subject to risks <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to potential securities law and regulatory liability. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">16<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are exposed to potential losses due to fraud or misconduct, or breaches of the terms agreed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between us, by our clients, counterparties, employees, agents and third parties and, subsequently, to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantial risks of liability under federal and state securities laws and other federal and state laws and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">court decisions, as well as rules and regulations promulgated by the FCA, the SEC, the CFTC, state <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities regulators and foreign regulatory agencies. For example, clients or people impersonating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients may engage in fraudulent activities, including the improper use of legitimate client accounts or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">providing fraudulent documentation in connection with transactions. Such events have occurred in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">past and may occur in the future.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain of our businesses may be exposed to a higher risk of financial crime or fraud due to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated environment in which we operate, the type of relationships we maintain with our clients, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">products and services offered and our significant reliance on technology as part of our trading platforms. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There is a heightened risk of fraud when trading in physical commodities due to the nature of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">industry&#8217;s operations and its reliance on physical documentation in connection with the transport and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">storage of such commodities. There have been several well-publicized incidents of commodity trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">frauds in recent years, including two instances in 2023 in which it was discovered that the cargoes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired did not contain the metal products they purported to hold. As we and, more importantly, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients are involved in this market, we are exposed to certain risks through our trading activities and could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">suffer financial loss in the event that commodities acquired by us or our clients are discovered to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">different to those we and they believed we were purchasing. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our employees and agents may engage in unauthorized trading activity, attempt to defraud us or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">violate our policies or legal or regulatory standards. There are also risks that our employees may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">improperly use or disclose confidential information and material non-public information provided by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients that could subject us to regulatory and criminal investigations, disciplinary action, fines, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions, and we could suffer serious harm to our reputation, financial position, the trading price of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities, current client relationships and ability to attract future clients. These risks may increase as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result of recent scrutiny of electronic trading and market structure from regulators, lawmakers and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial news media. The use of off-channel electronic messaging applications by our employees to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transmit confidential or sensitive data could subject us to investigations, regulatory fines and severely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impact our reputation. For example, regulators, such as the staff of the SEC&#8217;s Division of Enforcement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Ofgem, the U.K. energy market regulator, have, as part of a widely publicized industry sweep, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conducted investigations of several financial institutions&#8217; records preservation requirements relating to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business communications sent over off-channel electronic messaging platforms, some of which have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resulted in substantial monetary penalties. Any such activities may be difficult to prevent or detect, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our internal policies and procedures may be inadequate or ineffective. As a result, we may suffer losses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that we may not be able to recover, as well as being subject to regulatory enforcement proceedings and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">penalties, such as fines. There have also been several highly publicized cases involving fraud or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">misconduct by employees and agents of financial services firms in recent years, and various <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investigations have been conducted by the FCA in the United Kingdom, the CFTC, the SEC and FINRA in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the United States and other regulators around the world. In addition, although we have established <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">policies and procedures designed to train, prevent and detect misconduct, errors and fraud, we may not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be able to completely detect, prevent or deter such conduct and may be at risk of suffering losses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our reputation may also be damaged by any involvement, or the involvement of any of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees, former employees or agents, in any regulatory investigation and by any allegations or findings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by relevant regulators or courts, even where the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 286.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">associated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 334.2pt; position: var(--position); text-decoration: none; white-space: pre;"> fine or penalty is not material. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further, we outsource certain aspects of our business to third-party service providers in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accordance with applicable rules and regulations. If the capabilities of these service providers fail or if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other issues impact these third-party services, our business, financial condition, results of operations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prospects could be adversely impacted, and we may become subject to regulatory fines or legal action as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a result of such events. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">17<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any such misconduct, errors, failures or fraudulent activity or any impact thereof, may adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); white-space: pre;">We are subject to risks related to the transactions that we enter into between buyers and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 117.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); white-space: pre;">sellers of physical commodities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">In connection with certain parts of our business, we enter into a limited number of transactions as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 153.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">principal to buy and sell physical products (including metals and petrochemical products). We are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">exposed to potential losses where our buyer alleges that the physical commodities received by them do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 175.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">not match the specifications that we have agreed with them and we are unable to recover the value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 187pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">buyer&#8217;s claim from our seller. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">In addition, the industry for certain physical products is subject to national and international <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 223.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">environmental and health and safety laws and regulations as well as product safety and product <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">stewardship regimes, including in relation to the handling, testing, storage and transport of such products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 245.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">We may incur significant costs due to violations of or liabilities under such laws, including liabilities related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">to contamination at third-party facilities, where these involve fines, penalties, clean-up costs or third party <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">claims. These laws, regulations and requirements may also be subject to constant review by governments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 279.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">and other competent authorities and often change. While we do not believe that any such changes would <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">have a material impact on our business, particularly given the limited nature and size of our activities, they <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 301.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">could result in us incurring additional costs in future because of the need to comply with any new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">requirements or having to vary the terms of licenses held by us or obtain new licenses or otherwise <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">restrict our ability to perform this business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 349pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">Any of these factors, or the defence of our contractual rights, could adversely affect our business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">financial conduction, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to risks relating to litigation and may suffer losses and incur costs as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">From time to time, we are and may become involved in legal proceedings, government and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agency investigations and employment or any other employee related disputes, tort, product liability or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">safety claims and other litigation, including legal proceedings involving our clients and suppliers. We may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 451.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">take legal action to enforce our contractual, intellectual property and other rights where we believe those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 463.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rights have been violated and that legal action is an appropriate remedy. We may also initiate claims <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 475.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">against or enter into disputes with our clients, particularly in the context of client defaults and in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 487.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with our brokerage activities, and may incur significant costs in defending any such claims or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 499.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in making payments to resolve any such disputes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 521.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a client defaults, we may be unable to recover the funds owed to us by such client due to their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 533.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">insolvency or for other reasons. Because we operate internationally, we may also be subject to client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 545.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disagreements on the application of contracts that are governed by English law or U.S. state law (as is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 557.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the standard position under our client agreements). Clients outside the United Kingdom or the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 569.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States may claim that English or U.S. state law governed contracts are inapplicable in their respective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 581.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">countries, and any subsequent application of local law may be less favorable to us in our claim against <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 593.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the client. A third party may also initiate legal action against us or one of our acquired companies in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 605.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relation to such company&#8217;s activities prior to their acquisition by us, which we then must defend or settle. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 617.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">For example, in 2023 MCMI was involved in legal proceedings initiated by BlockFi entities regarding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 629.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disputed assets formerly held by MCMI&#8217;s client, Alameda, an affiliate of former cryptocurrency exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 641.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FTX, and Emergent, an affiliate of Alameda. As a result of such proceedings, we incurred costs, faced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 653.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reputational damage and our defence of such proceedings required our management&#8217;s attention and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 665.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time. While these proceedings did not have a material impact on our business, any legal proceedings in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 677.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the future could harm our reputation, business and financial condition. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">18<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may also be subject to claims of economic or reputational significance, whether by a third <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">party or an employee (current or former) or agent. Such claims could involve, among other things:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">acts inconsistent with employment law or health and safety laws;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contractual agreements;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">infringements of intellectual property rights; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 172pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">personal injury, diversity or discrimination claims. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to the risk of litigation and claims that may be without merit. At present and&#160; from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 206pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time to time, we, our past and present officers, directors and employees are and may be named in legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">actions, regulatory investigations and proceedings, arbitrations and administrative claims and may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to claims alleging the violations of laws, rules and regulations, some of which may ultimately result <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the payment of fines, awards, judgments and settlements. We could incur significant legal expenses in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">defending ourselves against and resolving lawsuits or claims even if we believe them to be meritless. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We cannot predict with certainty the outcomes of these legal proceedings. The outcome of some <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of these legal proceedings could require us to take, or refrain from taking, actions that could negatively <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affect our business or could require us to pay substantial amounts of money adversely affecting our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition and results of operations. There can also be no assurance that we are adequately <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">insured to protect against all claims and potential liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The defense of our contractual rights may be protracted, involve the expenditure of significant&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial and managerial resources and may ultimately not be successful, which could result in a negative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">perception of us and cause the market price of our securities to decline, any of which may adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affect our business, financial condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we lose access to exchanges in the jurisdictions where we operate, our ability to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undertake some or all of our execution and clearing services would be affected.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have membership to 60 exchanges (including the LME, Chicago Metal Exchange (&#8220;CME&#8221;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Dubai Gold &amp; Commodities Exchange (&#8220;DGCX&#8221;), Singapore Exchange (&#8220;SGX&#8221;), European New Exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Technology (&#8220;Euronext&#8221;), Intercontinental Exchange (&#8220;ICE&#8221;) Futures and the Eurex Exchange) and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maintain an ongoing dialogue with regulatory personnel of each such exchange. Our memberships with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated exchanges allow us to generate revenue through commissions earned on executing and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clearing trades. In order to maintain these memberships, we are required to comply with the rules of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant exchanges. We have in the past been, and may in the future be, subject to inquiries or actions by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges for non-compliance with applicable rules. If we fail to comply with such rules or default on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">membership obligations (for example, by failing to pay required margin), we may be exposed to potential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action from such exchanges including warnings, monetary penalties, suspension or cancellation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">membership. If we lose some or all of our memberships, or if any of the relevant exchanges cease their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations, we would lose access to these revenue streams. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If any exchange implements structural changes, such as adverse fee structures or higher margin <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements, our business could be negatively impacted. If the exchanges relax membership <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements, our clients may decide to become members, and the demand for our services may decline <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as a result. We are, through our subsidiary, Marex Financial, a Category 1 member and Ring Dealer on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the LME, which historically has had only a small number of members. If the LME were to revoke Marex <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial&#8217;s membership, adopt an adverse fee structure or extend membership opportunities to a wider <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">group, or if the LME were to cease operating, Marex Financial&#8217;s financial performance would be adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impacted, which would, in turn, adversely affect our business, financial condition, results of operations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">19<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We require access to clearing and settlement services and other market infrastructure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements, and without access to such arrangements, our ability to undertake some or all of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our activities would be adversely affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We use various Clearing Houses and settlement systems, such as T2 and Clearstream, across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our businesses. Loss of access to, or restrictions on our use of, these services due to non-compliance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with membership or participants&#8217; requirements, post-Brexit or other regulatory changes, credit or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reputational issues or for other reasons could impact our ability to carry out our activities. If exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing Houses or other relevant counterparties fail to perform their obligations, or they take certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">actions in response to, for example, market volatility, we and our clients may experience financial losses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and margin calls. For example, due to significant volatility in nickel trading, Marex Financial and its clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">were required to meet intraday exchange and margin calls on short or immediate notice in March 2022. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">some cases, such nickel transactions were canceled, which caused those clients to suffer material <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial losses and liquidity issues, which resulted in delayed payments by certain clients of our margin <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calls. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a member of various Clearing Houses, we must make default fund contributions to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing Houses. If another member defaults on their payment obligations to the Clearing Houses, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may lose a percentage of the default fund contributions that we have been required to make as a member <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Clearing Houses. We may suffer financial losses if clients default on their payment obligations to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Clearing Houses or if exchanges, Clearing Houses or other relevant counterparties fail to perform <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their obligations, which may adversely affect our business, financial condition, results of operations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our success depends on the continued contributions of our key personnel, including our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brokers, and our ability to recruit, train, motivate and retain them. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our success depends on the expertise and continued services of certain key personnel,<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">including:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">personnel involved in the management and development of our business; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">front-office staff directly generating revenue, such as brokers; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">back-office staff involved in management of our control and support functions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our ability to recruit, train, motivate and retain qualified and highly effective personnel in all areas <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our business and ensure that our employment contract terms are appropriate and preserve flexibility is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an important driver of our future success. We must also retain and motivate employees as part of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions we undertake, as the retention of employees of acquired businesses may be crucial to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ability to integrate such acquisitions into our business or to maintain the success of the businesses we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We compete with other brokers and banks for front-office staff. This competition is intense and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may further intensify in the future. Our competitors have in the past and may try again in the future to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">poach large numbers of brokers who have key counterparty relationships and relevant market knowledge <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and play an important role in our acquisition and retention of business from clients. Salary and bonus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">levels for front-office staff are generally based on activity levels generated by the individual broker&#8217;s team <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and are sensitive to market compensation levels paid by competitors. Such competition, particularly for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brokers, may significantly increase our front-office staff costs. If we lose front-office staff to competitors, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we may experience losses of capability, client relationships and expertise. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">When hiring front-office staff, we will generally agree salary and bonus levels based on an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employee&#8217;s representations of their activity levels, which may include certain performance-based targets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">If an employee is unable to achieve these performance-based targets, we may become subject to a <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">20<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dispute over the payments of the compensation linked to such targets. This may result in front office staff <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resigning, and we may experience losses in client relationships and employee knowledge, capability and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expertise. Further, as a result of any such disputes, we may also become involved in litigation with such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees. For example, in 2024 we were involved in two disputes with former employees in the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States over compensation payments that the employees claimed were due to them in connection with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their employment, and in the course of defending our position incurred legal costs and a loss of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management time. In addition, where we hire teams of front-office staff from our competitors, there is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk that we may become involved in litigation with these competitors, which may incur legal costs and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require management time. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we fail to attract and retain highly skilled brokers and other employees, lack the flexibility to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">make appropriate employment-related decisions due to labor groups or otherwise, incur increased costs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associated with attracting and retaining personnel or fail to assess training needs adequately or deliver <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate training, we may be unable to compete effectively. Our failure to successfully manage these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risks could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The markets in which we operate are highly competitive, and competition could intensify. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">If we are unable to continue to compete effectively, our business may be materially adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have numerous current and potential competitors, both in the United Kingdom and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internationally, including other brokers and banks. Some of our current and potential competitors may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have larger client bases, more established name recognition and greater financial, marketing, technology <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and personnel resources than we do. Some of our competitors and potential competitors may offer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services that are disruptive to current market structures and assumptions. Such factors may enable them <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to, among other things:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">develop services similar to ours or new services that our clients prefer;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">provide access to trading in products or a range of products that we do not offer;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">provide better execution services and lower transaction costs;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">provide new services more quickly and efficiently;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">offer better, faster and more reliable technology;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">take greater advantage of new or existing acquisitions, alliances and other opportunities;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">more effectively market, promote and sell their services;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">migrate products more quickly or effectively to electronic platforms, which could move trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">activity from us;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">better leverage their relationships with their clients, including new classes of client; and/or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">offer better contractual terms to their clients, including lower commission rates.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our competitors may develop new electronic trade execution or market information products that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">gain wide acceptance in the market, the development of which, or shifts in market practice as a result of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which, could give relevant competitors a &#8220;first mover&#8221; advantage that may be difficult for us to overcome. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Any shift away from voice trading to electronic trading, for example, may expose us to substantial losses, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as we may be left with contractual obligations to maintain staff and brokers suited to and trained for voice <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading rather than electronic trading. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">21<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">New or existing competitors could gain access to markets or services where we currently enjoy a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">competitive advantage. These could include banks and other financial institutions with which we have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">competed historically, should they choose to re-enter the commodity industry. Competitors may have a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">greater ability to offer new services or existing services to more diverse clients. Such factors may erode <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our market share or our current competitive advantages. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Even if new or existing competitors do not significantly erode our market share or competitive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">positioning, they may offer their services at lower prices. If we are required to reduce our commissions to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remain competitive, our profitability may be adversely affected. Competitors may offer their services at a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss to attract new business, which could cause us to dramatically lower our commissions or risk losing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To remain competitive, we must continue to invest in the development of our business to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respond to changing trends and remain competitive with our research, technology and data <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offerings. If we fail to do so successfully, we may be adversely impacted.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To remain competitive in the dynamic markets in which we operate, we must invest in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">development of our business to respond to changes in client demands. We may need to be responsive to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changing trends, particularly regarding energy products. We will also need to be competitive in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">development of our research, technology and data offerings. The artificial intelligence tools we rely on, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such as the Neon trading platform, can quickly become eclipsed by newer technological offerings such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">novel electronic trade execution or market information products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our business development activity may include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">hiring brokers;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">opening offices in new countries;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">expanding existing offices and infrastructure;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">providing broking and other services in new product markets (such as renewables);<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">serving different types of clients;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">developing and/or acquiring new technology; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">undertaking activities through different business models.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Such activity may be achieved by investing in existing businesses and may result in changes to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our risk profile. Failure to expand the business effectively, to manage changes in our risk profile <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriately or to realize the benefits of investments in some markets may adversely affect our business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or prevent us from achieving the anticipated benefits. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further, any consolidation among our clients may also cause us to depend on a smaller number <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of clients, which could result in additional pricing pressure and/or require us to implement changes in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">order to service these clients. If our business depends on maintaining good relationships with a small <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">number of clients, any adverse change in those relationships could adversely affect our business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Climate change and a transition to a lower carbon economy may disrupt supply chains <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and lead to decreases in consumer demand and the size of the market for certain of our energy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Climate change could cause severe weather events, including significant rainfall, flooding, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased frequency or intensity of wildfires, prolonged drought, rising sea levels and rising heat index, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">22<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any of which could disrupt our and our clients&#8217; supply chains and otherwise adversely affect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">businesses of our clients and, in turn, their ability to meet their financial obligations to us. For example, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extreme weather caused by climate change has in the past and could impact the growing seasons, water <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">availability and crop productivity of the agriculture industry and, as a result, adversely affect the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition and prospects of our agriculture clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Laws, regulations, policies, social attitudes, client preferences, market responses and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technological developments and innovations relating to climate change and the transition to a lower <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carbon economy could also adversely affect our business, financial condition, results of operations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prospects. See Item 3D &#8220;Risk Factors &#8211; Environmental, social and governance factors are key and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">growing focus areas for politicians, policy makers, regulators, investors, activists and consumers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">worldwide. If we fail to keep pace with the growing body of legislative and regulatory reform in this area <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and regulator and client expectations, our business may be adversely affected.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If regulatory incentives alter fuel or power choices, there may be a decrease in the size of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets for certain energy products where we historically had significant market shares (such as fuel oil). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We may fail to capture market share as interest increases in new energy products or adequately price <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future assumptions for these new commodities. Depending on the nature and speed of any such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes, we may be unable to successfully compete in or transition away from oil and gas to renewable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commodity markets or from, for example, crude oil and residual fuel to middle distillates or higher <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">distillates, such as liquid natural gas. Failure to make such a transition may result in decreased revenue, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We will need to replace, upgrade and expand our computer and communications systems <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in response to technological or market developments, and the failure to do so could adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affect the performance and reliability of such systems and networks, and as a result, our ability to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conduct business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any failure to adequately maintain and develop our computer and communications systems and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">networks could adversely affect the performance and reliability of such systems and networks, which in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">turn could harm our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The markets in which we compete are characterized by rapidly changing technology, evolving <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client demand and uses of our products and services and the emergence of new industry standards and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">practices. Changes in any of these factors could render our existing technology and systems obsolete or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undermine the attractiveness of new products and services that we develop. Our future success will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">depend in part on our ability to anticipate and adapt to technological advances, evolving client demands <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and changing standards in a timely, cost-efficient and competitive manner and to upgrade and expand our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">systems and client offerings accordingly. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any further upgrades or expansions in technology and the use of such technology may require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant expenditures. Updates to our systems may result in program errors, which could negatively <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impact our business and our clients. We may fail to update and expand our systems adequately, and any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">upgrade or expansion attempts may not be successful or accepted by the marketplace or our clients. If <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we fail to update and expand our systems and technology adequately, or to adapt our systems and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technology to meet evolving client demands (particularly in more conservative markets such as the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States) or emerging industry standards, we may be unable to compete effectively. Our failure to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">successfully manage these risks could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we lose access to our premises or become unable to operate from our facilities, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ability to conduct our business may be limited. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our employees operate from premises that provide the necessary facilities and systems to enable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">them to carry out their roles. Our disaster recovery sites, work-from-home policies and capabilities and <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">23<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business continuity plans may not cover all activities within our business. If our business continuity plans <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">do not operate effectively, or if our work-from-home capabilities fail, our business may be adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affected. Any of the above factors could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions may expose us to regulatory or legal proceedings, which could adversely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impact our reputation and result in financial losses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">When acquiring a business, we may enter into an agreement with the seller to acquire either the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">entire share capital of the target company or all or certain assets of the target company. If we identify a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">specific matter during the due diligence process that could expose us to litigation or other material risks, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we may structure the transaction so that instead of acquiring the target company from the seller, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquire substantially all the assets of such company but exclude specific liabilities from the transaction. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such case, the company and the excluded liabilities would remain with the seller. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Despite these arrangements, we may nevertheless become involved in legal proceedings after an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisition is completed. For example, a third party may initiate a claim against us, instead of the seller, in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with liabilities that were specifically excluded from the scope of the acquisition, which may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cause us to suffer reputational damage. If we are required to pay any fees, including legal fees, as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result, we may need to seek compensation from the seller, which may be difficult to obtain. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, we may become involved in regulatory proceedings in connection with pre-acquisition <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">events. For example, in 2023 and 2024, MCMI was subject to various requests from regulatory bodies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and governmental authorities in connection with the FTX bankruptcy and the accounts held with MCMI by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FTX&#8217;s affiliates, Alameda and Emergent. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Even where we are not directly involved in regulatory or legal proceedings, our reputation and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the reputation of our acquired companies may be adversely affected by pre-acquisition events. For <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">example, in June 2023, the FCA in the United Kingdom fined ED&amp;F Man Capital Markets Limited (now <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">called MCML Limited), the U.K. subsidiary of ED&amp;F Man Holdings Limited that we did not acquire, &#163;17.2 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">million for failing to ensure that certain dividend arbitrage trading activities that its clients carried out <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between February 2012 and March 2015 were legitimate. Liability for these activities remained with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ED&amp;F group, as we had identified these as a risk during our due diligence process and intentionally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured our acquisition of ED&amp;F Man Capital Markets in the United Kingdom as an asset sale to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exclude any such losses or liabilities. However, our association with ED&amp;F Man Capital Markets Limited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the press coverage of the fine caused us to contact certain press agencies to correct certain facts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the way they were initially reported. We have also been incorrectly served with legal proceedings in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with the same activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Regulatory or legal proceedings arising from an acquisition could also divert our management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">team and resources away from core business activities and the execution of our business strategy. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">failure to successfully manage these risks could adversely affect our business, financial condition, results <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we fail to identify and complete further acquisitions on favorable terms or at all, or fail to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effectively integrate our acquisitions, our future growth could be adversely affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Since 2019, we have made numerous acquisitions of varying sizes in the United Kingdom, United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States, Asia-Pacific region and Europe, including CSC Commodities UK Limited, the business and assets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Rosenthal Collins Group LLC, X-Change Financial Access LLC (&#8220;XFA&#8221;), the UK business of and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain US entities from ED&amp;F Man Capital Markets, the brokerage business of and select entities from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the OTCex/HPC group and Cowen&#8217;s legacy prime services and outsourced trading business. A significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portion of our historical growth has been achieved through strategic acquisitions. We believe acquisitions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">will continue to form a central pillar of our growth strategy going forward. Our ability to successfully <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">identify and complete further acquisitions will depend on many factors, including:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">24<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the availability of suitable acquisition opportunities;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">obtaining any required financing on suitable terms;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the level of competition from other companies, which may have greater financial resources;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our ability to value potential acquisition opportunities accurately and negotiate acceptable terms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">for those opportunities; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 172pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our ability to obtain approvals and licenses from the relevant governmental authorities and to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 184pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">comply with applicable laws and regulations without incurring undue costs and delays. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 206pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions may divert significant management time and attention from the ongoing development <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and operation of our business. Any of these factors could adversely affect our ability to identify and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complete further acquisitions on favorable terms or at all. If we negotiate acquisitions that are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ultimately consummated, such negotiations could divert management time from core business activities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and result in significant out-of-pocket costs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Even if we are able to acquire other businesses, we may encounter challenges when integrating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions into our business, including challenges that we cannot anticipate or foresee at the time of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisition. If we fail to retain the existing clients of the acquired companies or to retain and assimilate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such companies&#8217; key personnel, the expected revenue and cost synergies associated with such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions may not be realized in full or at all. The process of integrating any acquisitions may also take <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">longer than expected. If we encounter any unforeseen legal, regulatory, contractual, employment or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issues or significant unexpected liabilities or contingencies, the integration process may be further <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">delayed. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Other challenges may arise during the integration process. We may fail to effectively integrate the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired business into our financial reporting, information technology and/or risk management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">frameworks. As our business continues to grow, we will be required to further develop and enhance our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">managerial, operational and other resources and to embed effective internal controls and governance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">procedures at a rate that is commensurate to the growth of our business. If we fail to effectively manage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the integration process, we may be subject to additional regulatory scrutiny and the potential for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory sanctions, increased compliance and other costs and damage to our reputation. After the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">integration process is complete, we may fail to realize the expected benefits of our acquisitions. Since a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant portion of our historical growth, including our recent growth, has been achieved through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions, any failure to successfully manage these risks may adversely affect our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our due diligence in connection with acquisitions may not effectively identify, or the seller <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may omit to disclose, material matters that could expose us to legal proceedings or regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 548pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action or result in reputational harm and/or financial loss. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">When conducting due diligence and assessing an acquisition target prior to completion, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management team and our legal and financial advisers rely on the resources available to them, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information and data regarding an acquisition target that the seller will have provided directly. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management team and advisers may not be able to confirm the completeness, genuineness or accuracy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of such information and data. As a result, we depend on the integrity and accuracy of the seller and any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parties that act on the seller&#8217;s behalf. The due diligence process may also be expedited where we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">seeking to take advantage of short-lived acquisition opportunities. As a result, the available information at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the time of an acquisition decision may be limited, inaccurate and/or incomplete, and our management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">team and advisers may not have sufficient time to fully evaluate such information even if it is available. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The due diligence process may not reveal or highlight all relevant facts that may be necessary or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">helpful when we are evaluating an acquisition opportunity. For example, we may fail to identify or assess <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">25<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the magnitude of certain liabilities, shortcomings or other circumstances when we are determining the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of an acquisition target. We will also make subjective judgments about the results of operations, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition and prospects of an acquisition target. If the due diligence process fails to correctly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">identify material risks and liabilities, or if we consider such material risks to be commercially acceptable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relative to the opportunity and we do not receive adequate recourse for such risks, we may not be able to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recover our losses from the seller. We may also have to litigate to recover losses, which may be costly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and divert management attention, and we may suffer reputational damage as a result. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The value of an acquisition target may also be affected by fraud, misrepresentation or omission <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by the seller, its advisers or other parties. Such fraud, misrepresentation or omission may artificially inflate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our valuation of the acquisition target, causing us to overpay, or increase the risk that the acquired <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company is subject to unforeseen litigation or regulatory action after completion. Any of the above factors <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our risk management policies and procedures may leave us exposed to unidentified or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unanticipated risk, which could harm our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our risk management policies and procedures may not be fully effective in mitigating our risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure in all market environments or against all types of risk, including risks that are unidentified or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unanticipated. These policies and procedures rely on a combination of technology and human controls <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and supervision that are subject to error and failure. Some of our methods for managing risk are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discretionary by nature and are based on internally developed controls and observed historical market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behavior and also involve reliance on standard industry practices. These methods may not adequately <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prevent losses, particularly as they relate to extreme market movements, which may be significantly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">greater than historical fluctuations in the market. In addition, our policies and procedures may not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adequately prevent losses due to technical errors if our testing and quality control practices are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effective in preventing software or hardware failures. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.99pt; position: var(--position); text-decoration: none; white-space: pre;">extent<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 165.21pt; position: var(--position); text-decoration: none; white-space: pre;"> that we elect to adjust our policies and procedures for the management of risk to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">allow for an increase in risk tolerance, we will be exposed to the risk of greater losses. For example, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">currently use two methods for measuring VaR across our businesses, as part of the business that we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired from ED&amp;F Man Capital Markets used a different VaR model. Because we do not use one <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consistent measure of VaR, there is a risk that we might be exposed to unidentified or unanticipated risks, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such as the risk that the aggregate impact of a market event may be incorrectly assessed and/or that a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">concentration risk to an underlying product may be inaccurately measured. As a result, we recognize the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limitations by augmenting our VaR metrics under different methodologies and measures of risk, and we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">apply a wide range of stress testing, both on individual portfolios and on our consolidated positions. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continue to develop our VaR framework and risk sensitivities to help us ensure a more consistent method <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of risk management for all desks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Even if our risk management policies and procedures are effective in mitigating known risks, new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unanticipated risks may arise, and we may not be protected against significant financial loss stemming <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from these unanticipated risks. These new risks may emerge if, among other reasons, regulators adopt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">new interpretations of existing laws, new laws are adopted or third parties initiate litigation against us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on new, novel or unanticipated legal theories. Our policies and procedures may not prevent us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from experiencing a material adverse effect on our financial condition and results of operations and cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">flows.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risks Relating to Our Financial Position<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in judgments, estimates and assumptions made by management in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">application of our accounting policies may result in significant changes to our reported financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">26<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Accounting policies and methods are fundamental to how we record and report our financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition and results of operations. In the application of our accounting policies, management must make <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">readily apparent from other sources. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">These judgments, estimates and assumptions are based on historical experience and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">factors that are considered relevant. Judgments, estimates and assumptions are reviewed on an ongoing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis and revisions to accounting estimates are recognized in the accounting period in which an estimate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is revised. Actual results may differ from these estimates, and revisions to estimates can result in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant changes to the carrying value of assets and liabilities. Because of the uncertainty surrounding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management&#8217;s judgments and related estimates, we may make changes in accounting judgments or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimates that have a significant effect on the reported value of our assets and liabilities and our reported <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results of operations and financial position. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We require financial liquidity to facilitate our day-to-day operations. Lack of sufficient <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity could adversely impact our operations and limit our future growth potential.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We require substantial financial liquidity to facilitate our operations. Our business involves the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">establishment and carrying of substantial open positions for our clients on exchanges and in the OTC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivatives markets. We must post and maintain margin or credit support for these positions. Significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adverse price movements can occur that require us to post margin or other deposits on short notice, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">whether or not we are able to collect additional margin or credit support from our clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may depend on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 197.26pt; position: var(--position); text-decoration: none; white-space: pre;">our<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.70999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> debt financing arrangements to fund margin calls and other operating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">activities. Any limitations on these sources of liquidity may limit our future growth potential. Our failure to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fund margin calls and other operating activities, or a general lack of sufficient liquidity, may prohibit us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from developing, enhancing and growing our business, taking advantage of future opportunities and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">responding to competitive pressure, any of which may adversely affect our business, financial condition, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results of operations and prospects. We also rely on our structured notes program, under which we and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our subsidiary Marex Financial issue warrants, certificates or notes, including auto callable, fixed, stability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and credit-linked notes with varied terms (the &#8220;Structured Notes Program&#8221;), as an important source of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity. As of December 31, 2024, we had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 263.44pt; position: var(--position); text-decoration: none; white-space: pre;">$2,667.4m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> debt securities outstanding under the Structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes Program, some which may be automatically redeemed if certain underlying conditions outside of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our control are met. If a large amount of investors are able to redeem these debt securities, this could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">negatively impact our liquidity. If our Hedging and Investment Solutions business is unable to sell <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured notes to investors, either because of a credit downgrade or for any other reason, this may limit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our future growth, and we may need to raise additional funds externally, either in the form of debt or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes to our <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 184.03pt; position: var(--position); text-decoration: none; white-space: pre;">credit<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 211.24pt; position: var(--position); text-decoration: none; white-space: pre;"> ratings may impact our access to liquidity and future growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">potential. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to our Structured Notes Program, we have a Euro Medium Term Note Program <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;EMTN Program&#8221;), a public offer program, under which our subsidiary Marex Financial issues warrants, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certificates or notes, including auto-callable, fixed, stability and credit-linked notes with varied terms (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Public Offer Program&#8221;), a Tier 2 Capital structured notes program within which Marex Financial, as issuer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or co-issuer, can offer investors returns that are linked to the performance of a variety of asset classes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(the &#8220;Tier 2 Program&#8221;) and have issued a Fixed Rate Reset Perpetual Subordinated Contingent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Convertible Notes Program (&#8220;AT1 Securities&#8221;). On October 28, 2024, we also filed a Senior Notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Registration Statement with the SEC to offer, on a continuous basis, up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 400.03pt; position: var(--position); text-decoration: none; white-space: pre;">$700 million<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 453.37pt; position: var(--position); text-decoration: none; white-space: pre;"> in aggregate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">principal amount (or the equivalent thereof if any other currency) of senior notes due nine months or more <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from date of issue (&#8220;Senior Notes&#8221; and the Senior Notes program the &#8220;Senior Notes Program&#8221;). A <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">downgrade of our or Marex Financial&#8217;s credit rating could have a material adverse effect on our ability to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issue and sell the securities under the Structured Notes Program, EMTN Program, Public Offer Program, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Tier 2 Program or the Senior Notes Program or to issue additional AT1 Securities, as, in either case, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">27<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the securities would be less attractive to potential investors. Our clients&#8217; confidence in our business may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also be affected by any credit rating downgrade.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we experience a credit rating downgrade, we may be unable to renew the revolving credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">facility we have with HSBC Bank PLC, Barclays Bank plc, Bank of China Limited, London Branch and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Industrial and Commercial Bank of China Limited, London Branch (the &#8220;Marex Revolving Credit Facility&#8221;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the revolving credit facility MCMI has with BMO Harris Bank N.A. (now BMO Bank N.A.) and a syndicate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of lenders (the &#8220;MCMI Revolving Credit Facility&#8221;) or the uncommitted securities financing facility with BMO <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Harris Bank N.A. (now BMO Bank N.A.) (the &#8220;MCMI Credit Facility&#8221; and, together with the Marex <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Revolving Credit Facility and the MCMI Revolving Credit Facility, the &#8220;Credit Facilities&#8221;) at the end of each <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the respective terms. In such event, it may not be possible to replace our Credit Facilities with another <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument on commercially favorable terms or at all. If any of our Credit Facilities are unavailable, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may need to raise additional funds externally, either in the form of debt or equity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Failure to maintain sufficient liquidity because of a credit downgrade may limit our future growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">potential. Moreover, because we enter into certain OTC derivative transactions as principal and issue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured notes to investors, a lower credit rating would make our Hedging and Investment Solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business less attractive to current and prospective clients. Our failure to successfully manage these risks <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Investor claims, litigation or regulatory scrutiny may limit our ability to use the Structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes Program, the Public Offer Program, the EMTN Program and the Senior Notes Program as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sources of liquidity or result in losses or reputational damage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Structured Notes Program, the Public Offer Program, the EMTN Program and the Senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes Program are important sources of liquidity for our business. The value and quoted price of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured notes issued under the Structured Notes Program and the Public Offer Program and notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issued under the EMTN Program and the Senior Notes Program at any time will reflect many factors and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cannot be predicted. The following factors, among others, many of which are beyond our control, may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">influence the market value of the notes:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">interest rates and yield rates in credit markets;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the time remaining until the notes mature;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our creditworthiness, whether actual or perceived, including any actual or anticipated upgrades or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">downgrades in our credit ratings or changes in other credit measures; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">in the case of the structured notes:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the volatility of the levels of the underlying assets;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">whether the notes are linked to a single underlying asset or a basket of underlying assets;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the level, price, value or other measure of the underlying asset(s) to which the notes are linked; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">economic, financial, regulatory, geographic, judicial, political and other developments that affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the level, value or price of the underlying asset(s), and any actual or anticipated changes in those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">factors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in the above factors may adversely affect the value of the notes, including the price an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investor may receive for the notes in a secondary market transaction. A decrease in the price an investor <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may receive for the notes may expose us to investor lawsuits and claims regarding potential mis-selling or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accusations of misrepresentations regarding the notes. Such claims, and the associated reputational <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">damage, may impact our ability to market, and investor demand for, the Structured Notes Program, the <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">28<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Public Offer Program, the EMTN Program and the Senior Notes Program. Our failure to market the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Structured Notes Program, the Public Offer Program, the EMTN Program or the Senior Notes Program, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a lack of investor demand for the notes issued under any of these programs, may decrease our net <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity reserves. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We use third-party distributors to distribute structured notes to investors. If the distributors breach <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their contractual obligations to us to appropriately distribute the structured notes to the target market that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we have identified, or misrepresent the financial performance of the notes, we may be subject to mis-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">selling claims from investors in the structured notes. A distributor may otherwise breach its contractual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations to us including, for example, by failing to fulfill investor orders that are communicated to us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and for which we have already entered into hedging transactions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any of the above factors may impair our development and use of the Structured Notes Program, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Public Offer Program, the EMTN Program or the Senior Notes Program and adversely affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A significant decrease in investor demand for the AT1 Securities could adversely impact <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our ability to issue further AT1 Securities to satisfy our capital requirements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In recent years, there has been uncertainty as to the regulatory treatment of contingent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">convertible securities, like our AT1 Securities, in times of financial turmoil. For example, as part of the sale <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Credit Suisse Group AG (&#8220;Credit Suisse&#8221;) to UBS Group AG (&#8220;UBS&#8221;) announced in March 2023, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Swiss Financial Market Supervisory Authority issued a decree ordering the write-down of outstanding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit Suisse Additional Tier 1 instruments (the &#8220;AT1 Instruments&#8221;), comprising an aggregate nominal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of approximately CHF 16 billion ($17.3 billion). The write-down, which was implemented pursuant to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the contractual terms of the AT1 Instruments, was enforced notwithstanding the ability of the holders of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit Suisse ordinary shares to receive consideration in connection with the sale to UBS.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In times of financial stress, there is no guarantee that Common Equity will remain the first to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">absorb losses in case of resolution or insolvency, including under governing laws other than Swiss law, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and that only after their full use would Additional Tier 1 instruments be converted into equity or written <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">down. If our AT1 Securities are converted into ordinary shares, the number of our ordinary shares issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and outstanding would increase, and our existing shareholders would experience dilution. Further write-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">downs of Additional Tier 1 instruments in response to unexpected circumstances could adversely impact <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investor demand for Additional Tier 1 instruments going forward, including demand for our issuance of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 Securities. If investor demand for the AT1 Securities declines, we may need to rely on other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments to satisfy our capital requirements, and failure to meet our capital requirements could lead to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">materially adverse regulatory enforcement proceedings or a downgrade in our credit ratings from S&amp;P <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Fitch. Our failure to successfully manage these risks could adversely affect our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The agreements governing our Credit Facilities and other debt contain financial covenants <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that impose restrictions on our business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The agreements governing our Credit Facilities, Structured Notes Program, Public Offer Program, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMTN Program, Senior Notes Program and other debt impose significant operating and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restrictions and limit our ability and that of our restricted subsidiaries to incur and guarantee additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indebtedness or make other distributions in respect of, or repurchase or redeem, capital stock and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prepay, redeem or repurchase certain debt, among other restrictions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our failure to comply with these restrictive covenants, as well as others contained in any future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">debt instruments we may enter into from time to time, could result in an event of default, which, if not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cured or waived, could have a material adverse effect on our business, financial condition and results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and require us to repay these borrowings before their maturity. Our inability to generate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sufficient cash flow to satisfy our debt obligations, to obtain additional debt or to refinance our obligations <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">29<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on commercially reasonable terms would have a material adverse effect on our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our indebtedness may increase, including as a result of the offering of Senior Notes, which could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in the economy or our industry, expose us to interest rate risk to the extent of our floating rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notes and prevent us from meeting our debt obligations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We regularly review opportunities to diversify and expand our capital structure, and on October <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">30, 2024, following the launch of our Senior Notes Program, we completed an offering and received net <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proceeds <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 115.9pt; position: var(--position); text-decoration: none; white-space: pre;">of<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> $596.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 152.01pt; position: var(--position); text-decoration: none; white-space: pre;">7m. As of December 31, 2024, we <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 305.3pt; position: var(--position); text-decoration: none; white-space: pre;">had <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.75pt; position: var(--position); text-decoration: none; white-space: pre;">$3,604.5m<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 371.98pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 375.31pt; position: var(--position); text-decoration: none; white-space: pre;">of outstanding debt securities, and <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 202.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any future Senior Notes or other notes offered will increase our outstanding indebtedness. A<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477.88pt; position: var(--position); text-decoration: none; white-space: pre;">ny Senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes we may offer may subject us to further restrictions, including covenants that could restrict our ability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to obtain additional financing in the future. The terms of such Senior Notes will be set out in an applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prospectus supplement to the Senior Notes Registration Statement. Our indebtedness, including any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased indebtedness could have adverse consequences, including: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">exposing us to the risk of increased interest rates to the extent any of our borrowings are at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">variable rates of interest;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">increasing our cost of borrowing;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">increasing our vulnerability to adverse economic, industry or competitive developments;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">requiring a substantial portion of cash flow from operations to be dedicated to the payments on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our indebtedness, reducing our ability to use cash flow to fund our operations, capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">expenditures and future business opportunities;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">making it more difficult for us to satisfy our obligations with respect to our indebtedness, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">restrictive covenants and borrowing conditions, which could result in an event of default under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">agreements governing such indebtedness;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">restricting us from making strategic acquisitions or causing us to make nonstrategic divestitures;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">limiting our ability to obtain additional financing for working capital, capital expenditures product <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">development, debt service requirements, acquisitions and general corporate or other purposes; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">limiting our flexibility in planning for, or reacting to, changes in our business or market conditions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and placing us at a competitive disadvantage compared to our competitors who are less highly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">leveraged and who, therefore, may be able to take advantage of opportunities that our leverage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">prevents us from exploiting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any such fluctuation in the financial and credit markets, or in the rating of us or our subsidiaries, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may impact our ability to access debt markets in the future or increase our cost of current or future debt, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which could adversely affect our business, financial condition or results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risks Relating to Regulation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we fail to comply with applicable law and regulation, we may be subject to enforcement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or other action, forced to cease providing certain services, either generally or to certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">categories of clients, or obliged to change the scope or nature of our operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We operate in a highly regulated environment. Our business includes multiple entities that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated by financial services regulators in different jurisdictions, including but not limited to: <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">30<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the FCA in the United Kingdom;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the AMF and the ACPR in France;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities &amp; Investments Commission in Australia;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Alberta Securities Commission in Canada;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Central Bank of Ireland;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Companies and Exchange Commission (Commissione Nazionale per le Societ&#224; e la Borsa) in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Italy;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities Market Commission (Comiss&#227;o do Mercado de Valores Mobili&#225;rios) in Portugal;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the National Securities Market Commission (Comisi&#243;n Nacional del Mercado de Valores) in Spain;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Federal Financial Supervisory Authority (Bundesanstalt f&#252;r Finanzdienstleistungsaufsicht) in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Germany;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities and Commodities Authority and the Financial Services Authority in Dubai;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities and Futures Commission in Hong Kong;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Monetary Authority of Singapore; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the CFTC, the SEC, FINRA, and the NFA in the United States.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our failure to comply with applicable regulatory requirements, including with respect to anti-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial crime regulations (including those pertaining to sanctions, AML, anti-corruption, tax evasion and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fraud), regulatory capital requirements, conduct of business, governance, reporting obligations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">oversight of our internal control environment, could subject us to regulatory enforcement or other actions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As we grow and diversify our business by expanding into new jurisdictions, services and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">products, we will be required to operate within new regulatory frameworks. Such new frameworks can be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complex, and even where we have consulted local specialists, there is a risk that we may fail to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">understand or fully implement certain regulatory requirements. In addition, in connection with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions that we enter into, we may be required by regulators in applicable jurisdictions to take steps <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to bring the target business in line with regulatory requirements. Where we fail to do so, we may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposed to regulatory inquiries, enforcement or other action as well as reputational damage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Equally, the regulatory landscape is constantly evolving in the markets in which we operate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(including where we are not currently regulated), with rules and guidance changing frequently, typically <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increasing our regulatory and compliance obligations and ongoing responsibilities to the markets and our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients. Failure to keep up to date on these developments and implement them correctly and in a timely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">way may expose us to regulatory inquiries, enforcement or other action as well as reputational damage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Regulatory compliance requires a significant commitment of resources. Our ability to comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable law and regulation largely depends on our establishment and maintenance of compliance, risk, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">control and reporting systems, as well as our ability to attract and retain qualified compliance, risk and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other control function personnel. These requirements may require us to make future changes to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management and support, control and oversight structure that could significantly increase our costs. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">make numerous reports to regulators about relevant trading activities, both on our own behalf and on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behalf of certain of our clients. If we fail to make such reports, or make any errors or discrepancies in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such reporting, we could be subject to enforcement or other regulatory actions.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">31<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This could similarly expose us to litigation, regulatory inquiries, enforcement or other action, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">well as reputational damage. Regulators have broad powers to investigate and enforce compliance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable rules and regulations, including the ability to require the appointment of a skilled person, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appoint investigators, impose censures or financial penalties on us, fine, suspend or prohibit our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees from performing regulated activities or limit or withdraw authorizations that we require to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operate portions of our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have failed in the past, and may fail in the future, to comply with certain regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements and have been subject to fines and other orders by U.S. and other regulators and self-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory organizations (&#8220;SROs&#8221;) (including, but not limited to, the CFTC, the CME and Nasdaq Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Select Markets (&#8220;Nasdaq&#8221;)) in connection with certain of our activities. We have also, from time to time, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been subject to immaterial fines by U.S. and global regulators and SROs in connection with routine <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange supervisory oversight. Our failure to address these or any future supervisory action, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investigations or enforcement actions could adversely affect our reputation, result in losses of clients and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees, reduce our ability to compete effectively, result in financial losses or result in potential&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">litigation, regulatory actions or penalties (including the imposition of limits on, or withdrawals of, regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorizations). Our failure to successfully manage these risks could adversely affect our business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Companies in the financial services industry have been subject to an increasingly regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">environment over recent years, and penalties and fines sought by regulatory authorities have increased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">considerably. In addition, following recent news, congressional, regulatory and news media attention to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">U.S. equities market structure and the regulatory and enforcement environment more generally, has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">created uncertainty with respect to various types of transactions that historically had been entered into by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial services firms and that were generally believed to be permissible and appropriate. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationships between broker-dealers and market making firms, short selling and &#8220;high frequency&#8221; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other forms of low latency or electronic trading strategies continue to be the focus of extensive regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scrutiny by federal, state and foreign regulators and SROs, and such scrutiny is likely to&#160; continue. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We and our businesses are subject to regulation by the CFTC, the NFA, the SEC, FINRA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other regulatory and self-regulatory organizations. Complying with relevant regulations may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result in significant costs and expenses and adversely affect our business, financial condition and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain Marex entities are subject to significant governmental regulation in the United States and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are required to comply with requirements imposed by the CFTC, the NFA, the SEC, FINRA and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory and self-regulatory organizations. The Dodd-Frank Wall Street Reform and Consumer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Protection Act (the &#8220;Dodd-Frank Act&#8221;) amended the Commodity Exchange Act, as amended (&#8220;CEA&#8221;) to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide for federal regulation of the OTC derivatives market and entities, such as us, that may participate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in those markets. The CFTC is responsible for enforcing the CEA and has broad enforcement authority <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">over commodity futures and options contracts traded on regulated exchanges as well as other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commodities trading in interstate commerce. Designated by the CFTC as a registered futures association, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the NFA is the industry-wide, SRO for the U.S. derivatives industry. The NFA has the authority to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">implement what it believes are best practices for the industry, create rules that its members must follow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and impose fines or revoke the membership of its members. To that end, the Marex entities subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulation by the CFTC, the NFA or other SROs must comply with the requirements set out by the CEA, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">NFA or other applicable law including, as applicable, minimum financial and reporting requirements, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">establishment of risk management programs, use of segregated accounts for customer funds, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maintenance of record keeping measures and, in particular, the requirement that trade execution and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">communications systems be able to handle anticipated present and future peak trading volumes. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SEC is responsible for enforcing U.S. federal securities laws, including the Securities Act of 1933, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amended (the &#8220;Securities Act&#8221;) and the Exchange Act. The SEC has broad enforcement authority over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">public companies, investment firms and broker-dealers involved in issuing and transacting in securities on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated exchanges and OTC markets. FINRA is an SRO authorized by the SEC to oversee and <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">32<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulate member firms and their registered representatives. As part of its regulatory authority, FINRA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">periodically conducts regulatory exams of its member firms. FINRA licenses individuals and admits firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the industry, writes rules to govern their behavior subject to oversight and approval by the SEC, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">examines them for regulatory compliance, and disciplines registered representatives and member firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that fail to comply with federal securities laws and FINRA&#8217;s rules and regulations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Regulators including but not limited to the CFTC, the NFA, the SEC, FINRA and other regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and self-regulatory organizations continue to review and refine their rulemakings through additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interpretive guidance, staff no-action relief and supplemental rulemakings. As a result, any new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations, or modifications to or interpretations of existing regulations, could significantly increase the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cost of derivatives and securities transactions, materially alter the terms of derivative contracts, reduce <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the availability of derivatives to protect against risks encountered, reduce our ability to close out or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restructure our existing derivatives contracts, reduce our ability to facilitate securities transactions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increase our exposure to counterparties. If we are limited in our use of derivatives in the future as a result <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of amendments to regulations promulgated under the Dodd-Frank Act, our results of operations may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">become more volatile and our cash flows may be less predictable, which could adversely affect the ability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to plan for and fund capital expenditures. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our current regulatory authorizations could be withdrawn or limited, or we may be unable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to obtain the necessary authorizations to expand our business into new jurisdictions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The loss of, or the imposition of material limitations or conditions on, any of our authorizations, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permissions or licenses to carry on regulated business could materially impact our operating model. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The loss of any FCA, CFTC, NFA, SEC, FINRA or other authorizations, permissions, licenses or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">registrations would limit our operations in the United Kingdom, the United States and other relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions. Because the United Kingdom and the United States contributed a significant proportion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our operating profit for the years ended December 31, 2024, 2023,and 2022, limitations on our operations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in either of those jurisdictions would have a material adverse effect on our business. We also operate an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Organized Trading Facility (&#8220;OTF&#8221;) as defined in Directive 2014/65/EU on markets in financial instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;MiFID II&#8221;) (including as implemented and on-shored (as relevant) in the United Kingdom and as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amended from time to time) in three entities: Marex Spectron Europe Limited in Ireland, Marex SA in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">France and HPC Investment Services Limited in the United Kingdom. The loss of permission to operate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these OTFs could impact clients of our Agency and Execution business who require their trades to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executed on an OTF. This could cause certain of our clients to move their business to a competing OTF <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operator. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we fail to comply with applicable law and regulation, we may lose our existing authorizations, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permissions, licenses or registrations, and we may be unable to obtain such new approvals in those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions or elsewhere as needed to continue to provide our business. Other factors, such as a transfer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of oversight to a new regulator or a change in regulatory or government policy, could also affect these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">matters. Our failure to maintain or obtain regulatory authorizations, permissions, licenses or registrations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in new jurisdictions could prevent us from maintaining or expanding our business. Any of these risks could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adversely affect our business, financial condition, results of operations and prospects.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in law and regulation could have direct and indirect adverse impacts on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, activities, clients, market dynamics and structure.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to the continued risk of legislative and regulatory change, which may further affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our business. We operate in highly regulated environments and are regulated by financial regulators in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">number of different jurisdictions, including but not limited to the FCA in the United Kingdom and the CFTC, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the NFA and the SEC in the United States. Financial regulators may propose or adopt new rules, or new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interpretations of existing rules, and certain market participants, SROs, government officials and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulators have requested that governmental and regulatory authorities, including U.S. Congress, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SEC and the CFTC, propose and adopt additional laws and rules. These include rules relating to payment <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">33<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for order flow, which the FCA and the European Securities and Markets Authority have both highlighted as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">raising issues relating to conflicts of interest, off-exchange trading, additional registration requirements, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restrictions on co-location, order-to-execution ratios, minimum quote life for orders, incremental <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">messaging fees to be imposed by exchanges for &#8220;excessive&#8221; order placements and/or cancellations, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">further transaction taxes, tick sizes, changes to maker/taker rebates programs and other market structure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proposals. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The impact of regulatory change can be direct, for example, by impacting the way in which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading in one or more products is undertaken (which might, for example, reduce our role as an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intermediary in those markets), or through the introduction of new requirements relating to how we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operate as an intermediary and that we are unable to respond to in a satisfactory way. Changes in rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to enhance client protection or to regulate the operation of markets might restrict the scope of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">activities or increase our costs and expenses. In particular, changes in rules to enhance client protection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or to regulate the operation of markets might restrict the scope of our activities or may require us to obtain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">new permissions to continue our activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The impact of regulatory change can also be indirect. For example, regulatory changes could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affect our clients and their willingness or ability to trade. Regulatory changes could increase our clients&#8217; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">costs, which could, in turn, reduce our transaction volumes. These or similar changes might also create <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">new types of competition between us and other providers of similar services and products, or put us at a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disadvantage relative to our competitors operating in different regulatory environments. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may incur significant costs to enable us to comply with new regulations, such as costs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associated with establishing the necessary systems and procedures and training personnel. Even if we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are successful in adapting our services, the initial and ongoing compliance costs may significantly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increase our costs and expenses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may also incur significant costs in connection with responding to regulators&#8217; enquiries and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">supervision or because of changes needed to reflect developing best practice or regulators&#8217; expectations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to the financial markets, such as by enhancing our risk management controls. Continued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">divergence between the U.K. and E.U. regulatory regimes as a result of Brexit could also further increase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our overall compliance burden. Even if we successfully adapt our services, the initial and ongoing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance costs may require additional investment in management and support resources and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significantly increase our cost base. See Item 3D. &#8220;Risk Factors &#8211;The United Kingdom&#8217;s withdrawal from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the European Union has adversely affected, and may further adversely affect, our business for multiple <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reasons that are beyond our control, including adversely affecting economic growth and reducing overall <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">levels of trading activities and the costs of such activities between the United Kingdom and the European <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Union.&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our failure to adapt or deliver services that are compliant with new regulation could significantly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adversely affect our business and our competitive position, which would in turn reduce our revenue and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profitability. Future regulatory reform may require us to make more fundamental changes in our business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">model, which could materially impact our business, financial condition and results of operations. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">failure to successfully manage these risks could adversely affect our business, financial condition, results <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may be required to comply with new regulation when we expand into new markets, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">launch new businesses or expand existing businesses or when we acquire other companies and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">businesses.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may develop our activities, acquire new businesses or undertake other changes to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business that affect the composition of our client base or the geographic markets in which we operate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">This could bring us within the scope of new rules, regulations and registration requirements in various <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions, which could increase our regulatory burden and require us to incur additional costs to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">develop systems and procedures to ensure compliance. It could also increase the risk of infringement of <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">34<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules and regulations, which may have serious adverse impacts for our business. In the United States, for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">example, significant organic growth of our U.S. OTC derivatives business, combined with growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generated through future U.S. acquisitions, such as that of ED&amp;F Man Capital Markets, in the future, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could trigger certain quantitative thresholds that might require the relevant Marex entity to register as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">swap dealer or major swap participant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Future acquisitions could also cause us to become subject to additional regulations in new or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">existing markets. We may need to invest in additional resources to meet these requirements, such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional risk management and compliance resources. In certain cases, we may be unfamiliar with these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional regulatory requirements, which could increase the cost of compliance and the risk of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">infringement. Any of the above factors could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The amount of capital that we are required to hold or the liquidity requirements applicable to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business may increase in the future, which could limit our operational flexibility and our ability to pay <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividends. Our failure to maintain excesses over the minimum levels of capital and liquidity required could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also subject us to action by regulators or force us to change the scope of our operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in our regulatory environment or our business, or the imposition of new or increased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory requirements, could result in increased capital or liquidity requirements at the level of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holding company of Marex or individual regulated subsidiaries, or both. For example, the provisions of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prudential sourcebook for MiFID Investment Firms (the &#8220;MIFIDPRU Sourcebook&#8221; in the FCA&#8217;s handbook <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of rules and guidance (the &#8220;FCA Handbook&#8221;)) and provisions of any legislation, rules and/or guidance that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">implement or complement the provisions of the MIFIDPRU Sourcebook (the &#8220;IFPR Rules&#8221;) apply to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, as do the provisions of the SEC&#8217;s Net Capital Rule 15c3-1 under the Exchange Act. The IFPR <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Rules have caused us to incur implementation and additional compliance costs. We assess the impact of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the IFPR Rules on our business and operations on at least an annual basis as part of our Internal Capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Adequacy and Risk Assessment. However, the full impact of the IFPR Rules on our business is not yet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain and may require changes to our capital structure or operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our regulatory capital and liquidity assessments are subject to regular supervisory review by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FCA, CFTC, NFA, SEC, FINRA and other regulatory and self-regulatory bodies. The FCA generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">imposes a scalar and other add-ons, and these are subject to change and may increase in the future. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own assessment of these requirements is also subject to change from time to time and may increase in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the future. Increases in individual or consolidated capital or liquidity requirements may restrict the ability of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an entity to distribute its earnings within our group or require additional capital to be injected into our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business or an individual entity. This may restrict our ability to pay interest, principal and dividends, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require us to raise additional capital or increase our indebtedness. As a result, these regulations may limit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our flexibility regarding our capital structure. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes to our capital requirements, or our ability to meet them, including changes in insolvency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">law in any material jurisdiction, could limit or prevent us from treating client exposures on a net basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the IFPR Rules. This could require us to hold additional capital. Our failure to successfully manage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these risks could adversely affect our business, financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our financial position and results of operations could be adversely affected by changes in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxation rates and regimes, failure to comply with tax requirements, and from challenges by tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to taxes in the various jurisdictions in which we operate, and as a result, we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposed to changes in taxation rules and regulations (possibly with retroactive effect), which could require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us to pay additional tax amounts, fines or penalties, surcharges and interest charges for past amounts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">due, the amounts and timing of which are difficult to discern. Failure to comply with all local tax rules and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations may subject us to penalties and fines. Furthermore, changes to tax laws on income, sales, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">use, import/export, indirect or other tax laws, statutes, rules, regulations or ordinances on multinational <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">35<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporations continue to be considered by countries in the European Union, the United States and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">countries where we currently operate or plan to operate, such as the Anti-Tax Avoidance Directives, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">well as the Base Erosion and Profit Shifting reporting requirements, mandated and/or recommended by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the European Union, G8, G20 and Organization for Economic Cooperation and Development (&#8220;OECD&#8221;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including the imposition of a minimum global effective tax rate for multinational businesses (&#8220;Pillar II&#8221;). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These contemplated tax initiatives, if finalized and adopted by countries, and the other tax issues <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">described above may materially and adversely impact our operating activities, effective tax rate, deferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax assets, operating income and cash flows. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any changes in taxation rates and regimes, such as the implementation of a Global Minimum Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of 15% on the profits of affected multinationals in each jurisdiction in which they operate as part of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OECD&#8217;s Pillar II rules, may require an increased proportion of our profit to be paid in taxation or may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cause our activities to become less profitable or unprofitable through the imposition of higher transaction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxes or indirect taxes on us or our clients. If we are subject to challenge from tax authorities on these or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other matters, we may have to make significant tax payments in the future. Any of the above factors could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adversely affect our business, financial condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may incur significant tax risks and inherit significant tax liabilities in connection with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our acquisitions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may be exposed to significant tax risks in connection with our acquisitions, including risks <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to restructuring measures that we may implement to achieve a tax-efficient structure. It may not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be possible to implement such measures prior to or immediately following the acquisition, and the tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorities may challenge such measures once they have been implemented. In addition, we may inherit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant tax liabilities in connection with an acquisition, either because we consider such tax liabilities to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be commercially acceptable relative to the acquisition opportunity or because such tax liabilities were not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">identified as part of the due diligence process. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any recourse available under the related acquisition agreements may not fully protect us from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such risks. If these tax exposures materialize in the future, we may incur significant costs due to possible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reassessments, interest on late payments or fines and penalties, which could adversely affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may be exposed to transfer price risks in connection with our operating activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We take advantage of our international network and centralize our strategic functions. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">particular, we transfer and provide goods and services among our corporate group and have adopted an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OECD compliant corporate tax transfer pricing model for the billing of intercompany services. There is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk that tax authorities in individual countries will assess the relevant transfer prices differently from our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax transfer pricing model and address retroactive tax claims against our subsidiaries. While we consider <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that our transfer pricing model is fully compliant with all relevant legislation, there can be no assurance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that our transfer prices will be accepted by all the relevant authorities. In the event of a material dispute of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">this nature, we will seek to resolve this through mutual agreement procedures. If they fail to be accepted, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">this could have a material adverse effect on our business, financial condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to significant regulatory reporting requirements relating to transactions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executed with us. Failure to comply with regulatory reporting rules could expose us to the risk of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement action by regulators. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to various regulatory reporting requirements including best execution, trade and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction reporting requirements under MiFID II and trade reporting requirements under Regulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (&#8220;EMIR&#8221;) (in each <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">case, as implemented in the United Kingdom and as amended from time to time). These reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements require us to make public or report to regulators or trade repositories certain information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to transactions carried on with us or that we have executed. Although we maintain policies and <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">36<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">procedures intended to ensure compliance with these requirements, compliance with regulatory reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements has been an area of focus by regulators, with the FCA taking enforcement action against a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">number of companies in this area. Failure to comply with these rules exposes us to the risk of potential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement action by regulators and could adversely affect our business, financial condition, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to significant regulatory requirements when we hold client money. Failure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to comply with the client money rules could expose us to the risk of litigation or enforcement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action by regulators.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our subsidiaries Marex <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">Financial<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 253.54pt; position: var(--position); text-decoration: none; white-space: pre;"> and Marex Spectron Asia Pte. Ltd. hold client money in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with their respective clearing businesses, an area of general regulatory focus. In the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom and the United States, this is a particular regulatory issue, and several other regulated firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been the subject of enforcement action, including substantial fines, for failure to comply with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client money rules. We may be subject to similar enforcement action in the future if we fail to comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant client money requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The nature and complexity of the rules relating to the handling of client money means that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance failings have occurred in the past and may occur in the future, inadvertently or in situations in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which clients do not suffer, or are not materially at risk of suffering, a loss. Any material failure to comply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with relevant rules exposes us to various risks, including potential action by regulators and clients, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial loss and adverse impacts on our reputation and relationships with clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Financial and Marex Spectron Asia Pte. Ltd. also hold client money in segregated client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts with banks and Clearing Houses in accordance with their jurisdictions&#8217; respective client money <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules, which could expose us to the risk of failings by those entities and could cause us to experience a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">material loss if we are responsible for losses to clients or Marex Financial or Marex Spectron Asia Pte. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ltd. has not abided by its obligations. Any of the above factors could adversely affect our business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition, results of operations and prospects.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainability and environmental, social and governance factors are key focus areas for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">politicians, policy makers, regulators, investors, activists and consumers worldwide. If we fail to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">keep pace with the growing and diverging body of legislative and regulatory reform in this area <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and regulator and client expectations, our business may be adversely affected. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There has been complex scrutiny and evolving expectations, including by governmental and non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">governmental organizations, consumer advocacy groups, third-party interest groups, investors, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consumers, employees and other stakeholders, on environmental, social and governance (&#8220;ESG&#8221;) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">practices, commitments, performance and disclosures. New ESG-related laws and regulations on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure requirements, governance and risk management, benchmarks and the prudential framework <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been introduced or enacted in jurisdictions where we operate. Adoption of proposed laws and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations, or significant expansion of enacted laws and regulations in the future, could introduce new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements or otherwise materially impact our business and operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For example, on March 6, 2024, the SEC finalized rules on climate-related disclosures, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with regards to greenhouse gas (&#8220;GHG&#8221;) emissions and certain climate-related financial statement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">metrics. We are continuing to assess the scope and impact of these rules given the subsequent legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">challenges against the rules and the expectation that the new U.S. Federal Administration will not enforce <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the rules. These rules are the subject of court challenge and in the event the current US federal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">administration goes forward with them, we could incur various costs. Such reporting requirements, or any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">similar requirements, may be complex, and we may incur substantial compliance costs. Further, in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">October 2023, the State of California adopted new climate-related laws, two of which are being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">challenged in the federal courts, that will require in-scope entities to disclose their GHG emissions, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide a climate-related financial risk report, as well as, for entities that market, sell, purchase or use <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">voluntary carbon offsets and/or make certain claims regarding the reduction of GHG emissions within <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">37<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">California or otherwise operate within California, publish information about the offsets and/or reduction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">claims annually on their website. Similar GHG emissions disclosure laws have been proposed in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Colorado, New York, New Jersey and Illinois. We continue to assess the scope and impact of the adopted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and proposed U.S. federal and state rules, as well as their subsequent legal and political challenges. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Such reporting requirements, and any similar or future requirements, may be complex and we may incur <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantial compliance costs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The European Union&#8217;s Corporate Sustainability Reporting Directive (&#8220;CSRD&#8221;), the International <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainability Standards Board (&#8220;ISSB&#8221;) and the sustainability and climate disclosure standards, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">California climate-related laws and the final SEC climate-related rules, to the extent the two California <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">laws and the SEC rules survive legal challenges, will each require or otherwise result in significant new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability disclosures from various in-scope entities, which we expect will impact us directly and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indirectly and result in increased costs and potentially impact our business or reputation to the extent our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosures are deemed inadequate or false and misleading. In addition, in June 2023, the ISSB, an entity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">founded by the IFRS Foundation, finalized its first two IFRS Sustainability Disclosure Standards covering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability-related financial information and climate-related disclosures. Various countries have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indicated their intent to incorporate, account for or otherwise adopt these ISSB standards as law, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including the United Kingdom, Canada, Hong Kong, Singapore, Nigeria, Japan, New Zealand and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Australia. In January 2023, the CSRD took effect. This directive, as implemented by E.U. Member State <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legislation, will result in various sustainability disclosures being provided by various entities, including us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and our clients, on a phased basis. On July 25, 2024, the Corporate Sustainability Due Diligence Directive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 322pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;CSDDD&#8221;) entered into force. The new rules aim to ensure that businesses address adverse impacts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their actions, including in their value chains inside and outside Europe. However, on November 8, 2024, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the European Commission indicated that the CSRD, the CSDDD and a related E.U. Taxonomy Regulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">will be consolidated into an &#8220;omnibus simplification package&#8221;. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 344.75pt; position: var(--position); white-space: pre;">On February 26, 2025, the European <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">Commission published its first omnibus package. This first omnibus package regarding sustainability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">contains a set of legislative proposals designed to reduce administrative burdens by amending a range of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">existing EU sustainability frameworks, including proposals to amend the CSRD, CSDDD and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">E.U.Taxonomy. The omnibus proposals include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">a proposed Directive to postpone (or &#8220;stop-the-clock&#8221;) in relation to: (i) CSRD reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">requirements for certain companies; and (ii) the transposition deadline and the initial application of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">CSDDD (the &#8220;Stop the Clock Directive&#8221;);<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">a more detailed proposal containing amendments to the CSRD and CSDDD (the &#8220;Detailed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Directive&#8221;); and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">proposals to amend the Taxonomy Disclosures Delegated Act and the Taxonomy Climate and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); white-space: pre;">Environmental Delegated Acts.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">The European Commission also intends to revise and simplify the European Sustainability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">Reporting Standards (so-called level 2 changes). The legislative level 1 changes (i.e., the Stop the Clock <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">Directive and the Detailed Directive), proposed as part of the omnibus will now undergo the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">legislative process in the EU Parliament and Council. Both institutions can suggest amendments, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">would result in potential trialogue negotiations with the Commission. Once an agreement is reached, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">final texts need to be adopted by both Parliament and Council.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">Following adoption, the amendments are published in the Official Journal of the European Union. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">For the amendments to Directives, such as CSRD and CSDDD, Member States will also need to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">transpose the amendments into their national laws to become effective.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">If adopted, the omnibus amendments will reshape E.U.sustainability landscape by targeting only <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 693.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">the largest companies and alleviating smaller companies from compliance burdens. Implementation will <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">38<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">not be immediate, as the level 1 legislative process typically lasts several months and further details <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">regarding level 2 changes will require additional legal instruments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 104.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a result there remains significant uncertainty as to the potential impact of the CSRD, CSDDD <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 115.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and E.U. Taxonomy on us and our clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 136.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The E.U. sustainability frameworks, the ISSB&#8217;s sustainability and climate disclosure standards, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 148.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the California climate-related laws and the final SEC climate-related rules, to the extent the two California <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">laws and the SEC rules survive legal challenges, will each require or otherwise result in significant new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 172.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability disclosures from various in-scope entities, which we expect will impact us directly and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 184.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indirectly and result in increased costs and potentially impact our business or reputation to the extent our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosures are deemed inadequate or false and misleading. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may also be impacted by a series of other ongoing legislative initiatives at the E.U. and U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 230.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">level. In the UK, we may be impacted by the continued expansion of the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.75pt; position: var(--position); text-decoration: none; white-space: pre;">Task Force on Climate-Related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 242.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosures (&#8220;TCFD&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.4pt; position: var(--position); text-decoration: none; white-space: pre;"> regime, the UK Green Taxonomy <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 317.28999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">proposals and the<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 396.75pt; position: var(--position); text-decoration: none; white-space: pre;"> UK&#8217;s Sustainability Disclosure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Requirements (&#8220;UK SDR&#8221;). In the first half of 2025,HM Treasury is expected to consult on the UK SRS <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 266.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that could come into effect as early as 2026. The UK SDR regime outlines four sustainability product <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">labels that can be applied to investment vehicles manufactured by UK managers of retail funds, along <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with product- and entity-level disclosures. The regime is accompanied by an anti-greenwashing rule, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which is applicable to all regulated firms. The phased implementation will continue throughout 2025, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including the potential extension to portfolio managers and overseas funds (subject to consultation). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Meanwhile, in the EU, the European Commission continues to consider potential reforms to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainable Finance Disclosure Regulation (&#8220;SFDR&#8221;). New ESG requirements could also materially affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the business and financial condition of our clients and the way they conduct their business, which could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indirectly affect us. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A lack of harmonization globally and within jurisdictions in relation to ESG legal and regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reform could lead to a risk of fragmentation in group-level priorities as a result of the different pace of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability transition across global jurisdictions. This may create conflicts across our global business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which could risk inhibiting our future implementation of, and compliance with, rapidly developing ESG <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">standards and requirements. Failure to keep pace with the sustainability transition could impact our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">competitiveness in the market and damage our reputation, resulting in a material impact on our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, failure to comply with applicable legal and regulatory changes in relation to ESG matters may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attract increased regulatory scrutiny of our business and could result in penalties, fines and/or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions being levied against us as well as lawsuits or other proceedings. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainability-related practices differ by region, industry and issue and are evolving accordingly. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our sustainability-related practices or assessment of such practices may change over time. Similarly, new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability requirements imposed by jurisdictions in which we do business may result in additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance costs, disclosure obligations or other implications or restrictions on our business and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our business, in particular, the type of products we trade, and our client base could exacerbate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the effect of new ESG rules. Legislative and regulatory reform could also cause us to change our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business or operations, limit opportunities for further expansion, affect our competitive position, cause us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to incur significant compliance and risk management costs and lead to a decline in the demand for our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services. If our ESG-related data, processes and reporting are incomplete or inaccurate, it could lead to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">private, regulatory or administrative challenges or proceedings, including with respect to our disclosure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">controls and procedures, as well as adverse publicity, any of which could damage our reputation and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further, we purchase carbon offsets to help balance our carbon and energy footprints and have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incorporated carbon offsets into our renewable product offering. If the cost of carbon offsets were to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">materially increase or we were required to purchase a significant number of additional offsets, our cost to <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">39<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obtain these offsets could increase materially, which could impact our ability to meet our environmental <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability objectives or our financial performance. Additionally, we could experience in the future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">claims or complaints related to our purchase of such offsets or the verification of the carbon offset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">programs from which we purchase, as they relate to our statements regarding carbon neutrality and net-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">zero goals. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Additionally, organizations that provide information to investors and financial institutions on ESG <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance and related matters have developed ratings processes for evaluating companies on their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approach to ESG matters. Such ratings are used by some investors to inform their investment and voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decisions. In addition, many investors have created their own proprietary ratings that inform their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment and voting decisions. Unfavorable ratings or assessment of our ESG practices, including our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance with certain disclosure standards and frameworks, as well as omission of our stock into ESG-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">oriented investment funds, may lead to negative investor sentiment toward us and the diversion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment to other companies, which could have a negative impact on our stock price and our access to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and cost of capital. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have communicated, and may in the future communicate, certain additional ESG-or climate-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related initiatives and goals to our stakeholders. These initiatives and goals could be difficult and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expensive to quantify and implement. In addition, such initiatives and goals are subject to risks and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">uncertainties, many of which may not be foreseeable or may be beyond our control. We may be criticized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for the scope or nature of such initiatives or goals, for any revisions to such initiatives or goals, for failing, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or being perceived to have failed, to achieve such initiatives or goals, or for establishing ESG-related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">initiatives and goals at all. Further, the disclosure standards or frameworks we choose to align with, or are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or will be required to align with, may differ in certain aspects evolve over time, which may result in a lack <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of consistent or meaningful comparative data from period to period and/or significant revisions to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">goals or reported progress in achieving such goals and aspirations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.43pt; position: var(--position); text-decoration: none; white-space: pre;">competitors<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 179.09pt; position: var(--position); text-decoration: none; white-space: pre;"> could have more robust ESG goals and commitments or be more successful at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">implementing and/or disclosing their ESG matters, goals and commitments, which could cause us to lose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients and adversely affect our reputation. Our competitors could also decide not to establish ESG goals <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and commitments at a scope or scale that is comparable to our ESG goals and commitments or may not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be required to comply with as stringent ESG requirements as we are, which could cause our operating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">costs to be relatively higher. Any of the above factors could adversely affect our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we become a regulated benchmark administrator, we would be exposed to additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements and regulatory risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The E.U. Benchmarks Regulation and the on-shored U.K. Benchmarks Regulation impose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">onerous requirements on administrators of in-scope benchmarks. We do not currently administer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benchmarks; however, changes to our business, particularly in relation to the Financial Products division <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our Hedging and Investment Solutions division, could cause us to become a benchmark administrator.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we are required to become a benchmark administrator to carry on our business, we may need <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to incur significant time and costs to comply with the additional requirements. If we inadvertently act as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benchmark administrator without appropriate authorization, we would be exposed to the risk of regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action. Our failure to successfully manage these risks could adversely affect our business, financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition, results of operations and prospects. Further, proposals for significant legislative changes to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scope of the E.U. Benchmarks Regulation are currently being considered, and a review of the U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Benchmarks Regulation is also due to take place in the coming years. The impact of any&#160; such resulting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes to the E.U. and U.K. regimes on our business remains unknown.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Implementation of and/or changes to the Basel framework, which may affect regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital requirements and liquidity, may impact the treatment of our securities. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">40<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Basel Committee on Banking Supervision (&#8220;BCBS&#8221;) has approved a series of significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes to the Basel framework for prudential regulation (such changes being referred to by the BCBS as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Basel III, and referred to, colloquially, as Basel III in respect of reforms finalized prior to December 7, 2017 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Basel IV in respect of reforms finalized on or following that date). The Basel III/IV reforms, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">include revisions to the credit risk framework in general, may result in increased regulatory capital and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other prudential requirements in respect of certain positions held. The BCBS continues to work on new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">policy initiatives. National implementation of the Basel III/IV reforms may vary those reforms and/or their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">timing. Investors in our securities are responsible for analyzing their own regulatory position and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prudential regulation treatment applicable to our securities and should consult their own advisers in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any actual or perceived failure to comply with laws, regulations and other requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to data privacy, security, the processing of Personal Information and cross-border data <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transfer restrictions could adversely affect our business, including through increased costs, legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">claims, fines or reputational damage.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As part of our operations we receive, store, handle, transmit, use and otherwise process <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">confidential information, sensitive information, and information that relates to individuals and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">constitutes &#8220;personal data&#8221;, &#8220;personal information&#8221;, &#8220;personally identifiable information&#8221;, or other such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms under applicable data privacy laws (&#8220;Personal Information&#8221;). We also depend on a number of third <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">party vendors in relation to the operation of our business, a number of which process data, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Personal Information, on our behalf. We and our vendors are subject to a variety of data processing, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protection and privacy laws, rules, regulations, industry standards and other requirements, including those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that apply generally to the handling of Personal Information, and those that are specific to certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">industries, sectors, contexts, or locations and which may include those as enacted, implemented and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amended in the United States, the European Union (and its member states), the United Kingdom and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other applicable jurisdictions (regardless of where we have establishments) (&#8220;Privacy Requirements&#8221;). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These Privacy Requirements, and their application and interpretation are constantly evolving and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">developing and may require us to incur significant costs, implement new processes, or change our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">handling of Personal Information and business operations. Our failure to maintain the confidentiality of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information or comply with the Privacy Requirements could impact our ability to trade effectively and could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result in significant financial losses, litigation by our clients or other counterparties and regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions as well as adverse reputational effects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For example, we are subject to the E.U. General Data Protection Regulation (EU) 2016/679 (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;E.U. GDPR&#8221;) and to the United Kingdom General Data Protection Regulation and U.K. Data Protection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Act 2018&#160; (collectively, the &#8220;U.K. GDPR&#8221;) (the E.U. GDPR and U.K. GDPR collectively referred to as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;GDPR&#8221;). The GDPR imposes comprehensive data privacy compliance obligations in relation to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">processing, protection and privacy of Personal Information, including a principle of accountability and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligation to demonstrate compliance such as through records of processing, policies, procedures, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">training and audits as well as obligations in relation to international transfers of Personal Information and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">allowing such individuals to exercise certain prescribed rights.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In relation to cross-border transfers of Personal Information, case law from the Court of Justice of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the European Union (&#8220;CJEU&#8221;) states that reliance on the standard contractual clauses (a standard form of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contract approved by the European Commission as an adequate Personal Information transfer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">mechanism) alone may not necessarily be sufficient in all circumstances on its own and transfers must be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assessed on a case-by-case basis. We expect the existing legal complexity and uncertainty regarding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">international Personal Information transfers to continue. In particular, we expect the European <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Commission approval of the current EU-US Data Privacy Framework for data transfers to certified entities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the United States to be challenged and&#160; that international transfers to the United States and to other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions more generally to continue to be subject to enhanced scrutiny by regulators. As the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory guidance and enforcement landscape in relation to international transfers of Personal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Information continue to develop, we could suffer additional costs, complaints and/or regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">41<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investigations, sanctions and/or fines, we may have to stop using certain tools and vendors and make <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other operational changes, we may have to or elect to implement revised international Personal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Information transfer mechanisms for intragroup, client and vendor arrangements within required time <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">frames and/or such developments could otherwise affect the manner in which we provide our services, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and could adversely affect our business, operations and financial condition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Failure to comply with the GDPR could result in penalties for non-compliance. Since we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to the supervision of relevant data protection authorities under both the E.U. GDPR and the U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">GDPR, we could be fined under each regime independently in respect of the same breach. Penalties for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">breaches (in the worst case) are up to the greater of &#8364;20 million / &#163;17.5 million (as applicable) or 4% of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our global annual turnover. In addition to fines, a breach of the GDPR may result in regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investigations, reputational damage, orders to cease or change our data processing activities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement notices, assessment notices (for a compulsory audit) and/or civil claims (including class <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">actions). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are also subject to current and evolving E.U. and U.K. laws in relation to the use of cookies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other tracking technologies and e-marketing practices. In the EU and UK, informed consent is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required for the placement of certain cookies on an individual&#8217;s device and for direct electronic marketing. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Consent is tightly defined and includes a prohibition on pre-checked consents and a requirement to obtain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">separate consents for each type of cookie or similar technology. Recent European court and regulator <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decisions are driving increased attention to cookies and other tracking technologies. If the trend of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increasing enforcement by regulators including in relation to the strict approach to opt-in consent for all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">but essential use cases, as seen in recent guidance and decisions, continues, this could lead to additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">costs, require significant systems changes, limit the effectiveness of our marketing activities, divert the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attention of our technology personnel, adversely affect our margins, and subject us to additional liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In light of the complex and evolving nature of E.U., E.U. member state and U.K. laws in relation to cookies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other tracking technologies as well as e-marketing, there can be no assurances that we will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">successful in our efforts to comply with such laws and violations of such laws could result in regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investigations, fines, orders to cease or change our use of such technologies, as well as civil claims <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including class actions, and reputational damage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the United States, there are numerous federal, state and local regulations on privacy, data <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protection and cybersecurity that govern the processing of Personal Information and other information. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The scope of these laws and regulations is expanding and evolving and may be subject to differing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interpretations. For example, we are considered a &#8220;financial institution&#8221; under the federal Gramm-Leach <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Bliley Act (the &#8220;GLBA&#8221;). The GLBA regulates, among other things, the use of certain information about <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individuals (&#8220;non-public personal information&#8221;) in the context of the provision of financial services, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including by banks and other financial institutions. The GLBA includes both a &#8220;Privacy Rule,&#8221; which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">imposes obligations on financial institutions relating to the use or disclosure of non-public personal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information, and a &#8220;Safeguards Rule,&#8221; which imposes obligations on financial institutions and, indirectly, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their service providers to implement and maintain physical, administrative and technological measures to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protect the security of non-public personal information. Any failure to comply with the GLBA could result in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantial financial penalties.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, many states have adopted new or modified privacy and security laws and regulations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that may apply to our business. For example, the California Consumer Privacy Act (&#8220;CCPA&#8221;) went into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effect in 2020 and imposes obligations on certain businesses that process Personal Information of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">California residents. Among other things, the CCPA: requires disclosures to such residents about the data <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">collection, use and disclosure practices of covered businesses; provides such individuals expanded rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to access, delete, and correct their Personal Information, and opt-out of certain sales or disclosures of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Personal Information; and provides such individuals with a private right of action and statutory damages <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for certain data breaches. The enactment of the CCPA prompted a wave of similar legislative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">developments in other states in the United States, creating a patchwork of overlapping, but not identical, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">state laws. Many other states have enacted comprehensive state privacy laws, or are currently reviewing <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">42<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or proposing the need for greater regulation related to the collection, sharing, use and other processing of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Personal Information, and there remains increased interest at the federal level as well.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We cannot predict how future Privacy Requirements, or future interpretations of current Privacy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Requirements,&#160; will affect our business or our clients, and the cost of compliance. Changes in these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Privacy Requirements across different jurisdictions could impact our ability to deploy our services in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">multiple locations. Any failure or perceived failure to comply with the Privacy Requirements could expose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us to legal proceedings, material monetary damages, fines and penalties and could result in reputational <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">damage, loss of clients, or higher operating costs, which may materially adversely affect our business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition, results of operations and prospects. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our inability to maintain, protect and enforce our intellectual property rights could harm <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our competitive position and our business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our success is dependent, in part, upon protecting our intellectual property rights, including those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in our brands and our proprietary know-how and technology. We rely on a combination of trademark, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade secret, copyright and other intellectual property laws as well as contractual arrangements to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">establish and protect our intellectual property rights. While it is our policy to protect and defend our rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to our intellectual property, we cannot predict whether the measures that we have taken will be adequate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to prevent infringement, misappropriation, dilution or other violations of our intellectual property rights, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that we will be able to successfully enforce our rights. Our failure to obtain or maintain adequate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protection of our intellectual property rights for any reason could result in an adverse effect on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, financial condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We rely on our trademarks and trade names to distinguish our services from the services of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">competitors, and have registered or applied to register our key trademarks. We cannot be sure that our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">existing trademarks will be maintained or new applications will be approved. In addition, effective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trademark protection may be unavailable or limited for some of our trademarks in some foreign countries <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in which we operate. Third parties may also oppose our trademark applications, or otherwise challenge <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our use of the trademarks. In the event that our trademarks are successfully challenged, we could be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forced to rebrand our services, which could result in loss of brand recognition, and could require us to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">devote resources advertising and marketing new brands. Further, we cannot be sure that competitors will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not infringe our trademarks, or that we will have adequate resources to enforce our trademarks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">While software and other of our proprietary works may be protected under copyright law, we have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not registered any copyrights in these works, and instead, we primarily rely on protecting our software as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a trade secret and through contractual protections. In order to bring a copyright infringement lawsuit in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States, the copyright must first be registered. Accordingly, the remedies and damages available to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us for unauthorized use of our software may be limited to those available in connection with trade secret <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">misappropriation and breach of contract actions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Although we attempt to protect certain of our proprietary technologies by entering into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">confidentiality agreements with our employees, consultants, and others who have access to such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technologies and information, these agreements may be breached, and we cannot guarantee that we will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have sufficient remedies in the event of the agreements are breached. Furthermore, trade secret laws do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">no not prevent our competitors from independently developing technologies that are substantially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equivalent or superior to ours. Accordingly, despite our efforts to maintain these technologies as trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">secrets, we cannot guarantee that others will not independently develop technologies with the same or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">similar functions to any proprietary technology we rely on to conduct our business and differentiate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ourselves from our competitors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Policing unauthorized use of our know-how, technology and intellectual property is difficult, costly, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time-consuming and may not be effective. Third parties may knowingly or unknowingly infringe upon or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">otherwise violate our proprietary rights. We may be required to spend significant resources to monitor and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforce our intellectual property rights. Any litigation could be expensive to resolve, be time consuming <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">43<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and divert management&#8217;s attention, and may not ultimately be resolved in our favor. Furthermore, if we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bring a claim to enforce our intellectual property rights against an alleged infringer, the alleged infringer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may bring counterclaims challenging the validity, enforceability or scope of our intellectual property rights, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and if any such counterclaims are successful, we could lose valuable intellectual property rights. Any of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these events could seriously harm our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If third parties claim that we infringe upon or otherwise violate their intellectual property <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rights, our operations could be adversely affected.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may become subject to claims that we infringe, misappropriate or otherwise violate the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intellectual property rights of others. Even if we believe these claims are without merit, any claim of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">infringement, misappropriation or other violation could cause us to incur substantial costs defending <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">against the claim, and could distract management and other personnel from other business. Any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">successful claim of infringement, misappropriation, or other violation of intellectual property against us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could require us to pay substantial monetary damages or seek licenses of intellectual property from third <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parties or could prevent us from using certain intellectual property, including trademarks, which could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result in us having to rebrand our services. Any licensing or royalty agreements, if required may not be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">available on commercially reasonable terms or at all. Any of the foregoing could have a negative impact <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on our business, financial condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risks Relating to Ownership of Our Ordinary Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The price of our ordinary shares may be volatile, and you may lose all or part of your <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The market price of our ordinary shares could be highly volatile and may fluctuate substantially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">due to many factors, including those described elsewhere in this Annual Report, as well as the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">actual or anticipated fluctuations in our revenue, financial condition and results of operations;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">variance in our financial performance from the expectations of securities analysts;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">announcements by us or our direct or indirect competitors of significant business developments, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions or expansion plans;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes or proposed changes in laws or regulations or differing interpretations or enforcement of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">laws or regulations affecting our business;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">our involvement in litigation or regulatory actions;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">sales of our ordinary shares by us or our shareholders;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">commodity market activity or pricing levels;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">changes in key personnel;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the trading volume of our ordinary shares;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">publication of research reports or news stories about us, our acquired companies, our competition <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">or our industry, or positive or negative recommendations or withdrawal of research coverage by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">securities analysts; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">general macroeconomic conditions and interest rate levels.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a result, volatility in the market price of our ordinary shares (including periods of market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">illiquidity) may prevent investors from being able to sell their ordinary shares at or above the IPO price or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at all. These broad market and industry factors may materially reduce the market price of our ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">44<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares, regardless of our operating performance. In addition, price volatility may be greater if the public <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">float and trading volume of our ordinary shares is low. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, stock markets have at times experienced extreme price and volume fluctuations. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the past, following periods of volatility in the market price of a company&#8217;s securities, securities class action <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">litigation has often been instituted against that company. If we were involved in any similar litigation, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could incur substantial costs and our management&#8217;s attention and resources could be diverted.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The market price of our ordinary shares could be negatively affected by future issuances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and sales of our ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sales of a substantial number of our ordinary shares in the public market, or the perception in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market that the holders of a large number of ordinary shares intend to sell, could reduce the market price <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our ordinary shares. The ordinary shares issuable pursuant to the equity awards we grant will be freely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tradable without restriction under the Securities Act, except for those that are subject to the lock-up <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements as described in our final prospectus filed with the SEC on October 31, 2024 pursuant to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Rule 424(b)(4) and for any of our ordinary shares that may be held or acquired by our executive officers, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors and other affiliates, as that term is defined in the Securities Act, which will be controlled under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities Act. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the future, we may also issue additional securities if we need to raise capital or make <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions, which could constitute a material portion of our then-issued and outstanding ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our largest shareholders have significant influence over us. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our largest shareholders, Amphitryon Limited, MASP Investor LP and Ocean Ring Jersey Co <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Limited (see Item 7. &#8220;Major Shareholders and Related Party Transactions &#8211; Major Shareholders&#8221;), hold, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as of March 3, 2025, 20.44<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 190.87pt; position: var(--position); text-decoration: none; white-space: pre;">%, 14.35% and 13.44%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.32pt; position: var(--position); text-decoration: none; white-space: pre;">, respectively, of our outstanding ordinary shares. As a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result, our largest shareholders exercise significant influence over certain corporate matters, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">director nomination rights and a consent right held by Amphitryon Limited, JRJ Investor 1 LP and MASP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor LP pursuant to the terms of our Shareholders&#8217; Agreement. See Item 7.&#8220;Major Shareholders and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Related Party Transactions &#8211; Related Party Transactions&#8221; for more information.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Additionally, this concentration of share ownership may also adversely affect the trading price of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our ordinary shares, to the extent investors perceive disadvantages in owning ordinary shares in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company with significant shareholders. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our ability to pay dividends in the future depends, among other things, on our financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance and capital requirements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There can be no guarantee that our performance will be repeated in the future, particularly given <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the competitive nature of the industry in which we operate. If our sales, profit and cash flow significantly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">underperform market expectations, then our capacity to pay a dividend will suffer. Any decision to declare <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and pay dividends will be made at the discretion of our board of directors (our &#8220;Board&#8221;) and will depend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on, among other things, applicable law, regulation, restrictions on the payment of dividends in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financing arrangements, our financial position, our distributable reserves, regulatory capital requirements, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">working capital requirements, finance costs, general economic conditions and other factors that our Board <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deems significant from time to time.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are a foreign private issuer, and, as a result, we are subject to Exchange Act reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">public company. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We report under the Exchange Act as a non-U.S. company with foreign private issuer status. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Because we qualify as a foreign private issuer, we are exempt from certain provisions of the Exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Act that are applicable to U.S. domestic public companies, including:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">45<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in respect of a security registered under the Exchange Act;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the sections of the Exchange Act requiring insiders to file public reports of their share ownership <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and trading activities and liability for insiders who profit from trades made in a short period of time;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the rules under the Exchange Act requiring the filing with the SEC of current reports on Form 8-K <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">upon the occurrence of specified significant events; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the rules under the Exchange Act requiring the filing with the SEC of quarterly reports on Form 10-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Q containing unaudited financial and other specified information. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, foreign private issuers are not required to file their annual report on Form 20-F until <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">four months after the end of each fiscal year, while U.S. domestic issuers that are accelerated filers are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required to file their annual report on Form 10-K within 75 days after the end of each fiscal year, and U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">domestic issuers that are large accelerated filers are required to file their annual report on Form 10-K <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within 60 days after the end of each fiscal year. Foreign private issuers are also exempt from Regulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FD, which prohibits selective disclosures of material information. As a result, you may not have the same <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">protections afforded to shareholders of a company that is not a foreign private issuer. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The determination of foreign private issuer status is made annually on the last business day of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuer&#8217;s most recently completed second fiscal quarter. In the future, we would lose our foreign private <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuer status if (i) more than 50% of our outstanding voting securities are owned by U.S. residents and (ii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a majority of our directors or executive officers are U.S. citizens or residents, or we fail to meet additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements necessary to avoid loss of foreign private issuer status. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we lose our foreign private issuer status, we will be required to file with the SEC periodic reports <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and registration statements on U.S. domestic issuer forms, which are more detailed and extensive than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the forms available to a foreign private issuer. We will also have to mandatorily comply with U.S. federal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proxy requirements, and our officers, directors, and more than 10% shareholders will become subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the short-swing profit disclosure and recovery provisions of Section 16 of the Exchange Act. In addition, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we will lose our ability to rely upon exemptions from certain Nasdaq corporate governance rules. As a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">U.S. listed public company that is not a foreign private issuer, we will incur significant additional legal, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounting and other expenses that we will not incur as a foreign private issuer. These expenses will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relate to, among other things, the obligation to present our financial information in accordance with U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">GAAP in the future. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As we are a foreign private issuer, we are permitted to, and we intend to, rely on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exemptions from certain Nasdaq corporate governance requirements, and therefore, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders may not have the same protections afforded to shareholders of companies that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to all Nasdaq corporate governance requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a foreign private issuer, we have the option to follow certain home country corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">governance practices rather than those of Nasdaq, provided that we disclose the requirements we are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">following and describe the home country practices we are following. We intend to rely on this foreign <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">private issuer exemption with respect to the following: (i) the quorum requirements applicable to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">meetings of shareholders, (ii) shareholder approval requirements for issuances of securities in connection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with stock option or purchase plans that are established or materially amended or other equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compensation arrangement that is made or materially amended, (iii) the shareholder approval <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements for the issuance of more than 20% of the outstanding ordinary shares of the issuer, (iv) the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirement to have a remuneration committee composed entirely of independent directors who satisfy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the additional independence requirements specific to remuneration committee membership and (v) the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirement that our director nominations be made, or recommended to the full board of directors, by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independent directors or by a nominations committee that is composed entirely of independent directors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We may in the future elect to follow home country practices with regard to other matters. As a result, our <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">46<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders may not have the same protections afforded to shareholders of companies that are subject <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to all Nasdaq corporate governance requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may lose our foreign private issuer status in the future, which could result in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant additional costs and expenses.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As discussed above, we are a foreign private issuer, and therefore, we are not required to comply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with all of the periodic disclosure and current reporting requirements of the Exchange Act. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determination of foreign private issuer status is made annually on the last business day of an issuer&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">most recently completed second fiscal quarter, and, accordingly, the next determination will be made with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect to us on June 30, 2025. In the future, we would lose our foreign private issuer status if (i) more <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">than 50% of our outstanding voting securities are owned by U.S. residents and (ii) a majority of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors or executive officers are U.S. citizens or residents, or we fail to meet additional requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">necessary to avoid loss of foreign private issuer status. If we lose our foreign private issuer status, we will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be required to file with the SEC periodic reports and registration statements on U.S. domestic issuer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forms, which are more detailed and extensive than the forms available to a foreign private issuer. We will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also have to mandatorily comply with U.S. federal proxy requirements, and our executive officers, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors and principal shareholders will become subject to the short-swing profit disclosure and recovery <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provisions of Section 16 of the Exchange Act. In addition, we will lose our ability to rely upon exemptions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from certain corporate governance requirements under the listing rules of Nasdaq. As a U.S. listed public <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company that is not a foreign private issuer, we will incur significant additional legal, accounting and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses that we will not incur as a foreign private issuer and accounting, reporting and other expenses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in order to maintain a listing on a U.S. securities exchange. These expenses will relate to, among other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">things, the obligation to present our financial information in accordance with U.S. GAAP in the future. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have identified material weaknesses in our internal control over financial reporting and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may identify additional material weaknesses in the future or fail to maintain an effective system of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internal control over financial reporting, which may result in material misstatements of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consolidated financial statements or cause us to fail to meet our periodic reporting obligations.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to the completion of our IPO, we were a private company. As a private company, we were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not required to have designed or maintained an effective control environment such as that of a public <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company under the rules and regulations of the SEC. Although we are not yet subject to the certification <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or attestation requirements of Section 404 (&#8220;Section 404&#8221;) of the Sarbanes-Oxley Act of 2022 (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Sarbanes-Oxley Act&#8221;), in connection with the audit of our financial statements for the fiscal years ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024, 2023 and&#160; 2022, we have self-identified material weaknesses in our internal control <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">over financial reporting. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A material weakness is a deficiency, or a combination of deficiencies, in internal control over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financing reporting such that there is a reasonable possibility that a material misstatement of our annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or interim financial statements will not be prevented or detected on a timely basis. The material <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">weaknesses for the fiscal years ended December 31, 2024, 2023 and 2022 relate to: (i) the lack of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maintaining a sufficient complement of accounting and financial reporting resources commensurate with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our financial reporting requirements, (ii) the lack of designing and maintaining an effective risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assessment process, which led to improperly designed controls, (iii) the lack of maintaining appropriate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">control activities to support the review of account reconciliations and balance sheet substantiation, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate segregation of duties over manual journal entries and rights over access administrative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">controls and (iv) the failure to document, thoroughly communicate and monitor control processes and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant accounting policies and procedures. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To address the material weaknesses identified above, we have developed a remediation plan in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 and are continuing to implement these remediation efforts. The remediation plan includes the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">following activities: (i) the strengthening of our financial reporting and accounting teams, including through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hiring additional experienced technical personnel, and an on-going assessment of how these teams&#8217; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capabilities can be further enhanced as needs are identified; (ii)the engagement of external experts to <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">47<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">support the design of our risk assessment processes and control framework in line with the Committee of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sponsoring Organisations of the Treadway Commission (otherwise known as &#8220;COSO&#8221;) framework, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including a continued evaluation of the design and operational effectiveness of internal controls; (iii) the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">implementation of tools to support the allocation and tracking of completion and review over balance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sheet account reconciliations, establishment of&#160; system-enforced segregation of duties for posting and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval of manual journals and improved controls over access administration (particularly over key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internal systems); and (iv) engagement with external experts to enhance documentation around control <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">processes and the establishment of effective communication channels to monitor and report information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on such control processes (which was commenced during Q3 2024). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The activities that we are taking as part of our remediation plan are subject to on-going review by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our executive management team and oversight by our Audit and Compliance Committee. However, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cannot assure you that these measures will improve or remediate the material weaknesses described <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">above. Although we have made progress towards their remediation, we have not yet fully completed our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remediation plan and these remediation efforts will require validation and testing of the design and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operating effectiveness of internal control over financial reporting over a sustained period of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting. As a result, the timing of when we will be able to remediate the material weaknesses is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">uncertain, and we may not remediate these material weaknesses during the year ending December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2025 or any subsequent periods thereafter. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we are unable to successfully remediate the existing material weaknesses in our internal control <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">over financial reporting, the accuracy and timing of our financial reporting and the price of our securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may be adversely affected, and we may be unable to maintain compliance with the applicable stock <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange listing requirements. Implementing any appropriate changes to our internal control over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial reporting may divert the attention of our management and employees, entail substantial costs to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">modify our existing processes and take significant time to complete. These changes may not, however, be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effective in maintaining the adequacy of our internal control over financial reporting, and any failure to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maintain that adequacy, or consequent inability to produce accurate financial statements on a timely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis, could increase our operating costs and harm our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to Section 404, which requires that we include a report of management on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internal control over financial reporting in our second annual report on Form 20-F. In addition, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independent registered public accounting firm must attest to and report on the effectiveness of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internal control over financial reporting in our second annual report on Form 20-F. If we identify any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional material weaknesses in our internal control over financial reporting in the future, or if we fail to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">achieve and maintain an effective internal control environment, we could suffer material misstatements in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our financial statements and fail to meet our reporting obligations, which could result in the restatement of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our financial statements and cause investors to lose confidence in our reported financial information. This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could in turn limit our access to capital markets and harm our results of operations. Additionally, ineffective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">internal control over financial reporting could expose us to increased risk of fraud or misuse of corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assets and subject us to potential delisting from Nasdaq, regulatory investigations and civil or criminal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sanctions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As an English public limited company, certain capital structure decisions will require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder approval, which may limit our flexibility to manage our capital structure. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#160; &#160; &#160; &#160; &#160; &#160; English law provides that, subject to certain exceptions (including the allotment, or the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">grant of rights to subscribe for or convert any security into shares, in pursuance of an employees&#8217; share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scheme), a board of directors of a public limited company may only allot shares (or grant rights to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subscribe for or convert any security into shares) with the prior authorization of shareholders, such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorization stating the aggregate nominal amount of shares that it covers and being valid for a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maximum period of five years, each as specified in the articles of association or relevant ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder resolution passed by shareholders at a general meeting. In connection with and immediately <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prior to the consummation of our IPO, our shareholders approved an ordinary resolution to authorize our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board to allot equity securities up to an aggregate nominal value of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 370.29pt; position: var(--position); text-decoration: none; white-space: pre;">$37,337.19<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.31pt; position: var(--position); text-decoration: none; white-space: pre;">, representing <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">48<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approximately one-third of our issued share capital immediately following completion of our IPO. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders approved this authority to be effective until the end of our next annual general meeting or, if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">earlier, on the date that is 15 months from the date of such resolutions, being July 15, 2025. This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorization will need to be renewed, or a new authorization approved, by our shareholders prior to or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">upon its expiration. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">English law also generally provides shareholders with preemptive rights when new shares are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issued for cash, except that such rights do not apply to the allotment of equity securities that would, apart <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from any renunciation or assignment of the right to their allotment, be held under or allotted or transferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pursuant to an employees&#8217; share scheme. However, it is possible for the articles of association, or for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders to pass a special resolution at a general meeting, being a resolution passed by at least 75% <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the votes cast, to disapply preemptive rights. Such a disapplication of preemptive rights may be for a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maximum period of up to five years from the date of adoption of the articles of association, if the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disapplication is contained in the articles of association, or from the date of the shareholder special <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resolution, if the disapplication is by shareholder special resolution, but not longer than the duration of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authority to allot shares to which the disapplication relates. In connection with and immediately prior to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consummation of our IPO, our shareholders approved a special resolution to disapply preemptive rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for the allotment of equity securities up to an aggregate nominal value of $11,201.16, representing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approximately 10% of our issued share capital immediately following completion of our IPO. Our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders approved this disapplication to be effective until the end of our next annual general meeting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or, if earlier, on the date that is 15 months from the date of such resolutions, being July 15, 2025. This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 322pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disapplication will need to be renewed, or a new disapplication of preemptive rights approved, by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders prior to or upon its expiration. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">English law also generally prohibits a public company from repurchasing its own shares without <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the prior approval of shareholders by ordinary resolution, being a resolution passed by a simple majority <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of votes cast, and other formalities. Such approval may be for a maximum period of up to five years.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">United States Holders of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 226.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">our<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 242.88pt; position: var(--position); text-decoration: none; white-space: pre;"> ordinary shares may suffer adverse consequences if we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treated as a passive foreign investment company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We would be a passive foreign investment company (&#8220;PFIC&#8221;), for any taxable year if, after the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">application of certain look-through rules, either: (i) 75% or more of our gross income for such year is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;passive income&#8221; (as defined in the relevant provisions of the Internal Revenue Code of 1986, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amended) (the &#8220;Code&#8221;); or (ii) 50% or more of the value of our assets (generally determined on the basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a quarterly average) during such year is attributable to assets that produce or are held for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">production of passive income. For these purposes, cash and other assets that do or could generate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">passive income are categorized as passive assets. Passive income generally includes, among other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">things, rents, dividends, interest, royalties, gains from the disposition of passive assets and gains from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain commodities and securities transactions. Special rules apply for dealers as specifically defined <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the PFIC rules. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Adverse U.S. federal income tax consequences, including increased tax liability on disposition <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">gains and certain &#8220;excess distributions&#8221; and additional reporting requirements, could apply to a United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States Holder (as defined in Item 10. &#8220;Taxation &#8211; Material U.S. Federal Income Tax Considerations&#8221;) if we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are treated as a PFIC for any taxable year during which such U.S. Holder holds our ordinary shares. U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holders should consult their tax advisors about the potential application of the PFIC rules to their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment in our ordinary shares. See Item 10.&#8220;Taxation &#8211;Material U.S. Federal Income Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Considerations.&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a United States person is treated as owning 10% or more of our shares, such holder may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be subject to adverse U.S. federal income tax consequences. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a United States person is treated as owning (directly, indirectly, or constructively) at least 10% <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the value or voting power of our shares, such person may be treated as a &#8220;United States shareholder&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">49<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with respect to each controlled foreign corporation (&#8220;CFC&#8221;) in our group (if any). Because our group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">includes one or more U.S. subsidiaries, certain of our non-U.S. subsidiaries are expected to be treated as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">CFCs (regardless of whether we are treated as a CFC). A United States shareholder of a CFC may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required to report annually and include in its U.S. taxable income its pro rata share of &#8220;Subpart F income,&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;global intangible low-taxed income,&#8221; and investments in U.S. property by CFCs, regardless of whether <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we make any distributions. An individual that is a United States shareholder with respect to a CFC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally would not be allowed certain tax deductions or foreign tax credits that would be allowed to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States shareholder that is a U.S. corporation. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Failure to comply with these reporting obligations may subject a United States shareholder to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant monetary penalties, and may prevent the statute of limitations with respect to such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder&#8217;s U.S. federal income tax return for the year for which reporting was due from starting. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cannot provide any assurances that we will assist investors in determining whether we are or any of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-U.S. subsidiaries is treated as CFC or whether any investor is treated as a United States shareholder <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with respect to any such CFC or furnish to any United States shareholder information that may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">necessary to comply with the above reporting and tax paying obligations. The United States Internal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue Service has provided limited guidance on situations in which investors may rely on publicly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">available information to comply with their reporting and tax paying obligations with respect to foreign-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">controlled CFCs. A United States investor should consult its advisors regarding the potential application of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these rules to an investment in our ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">It may be difficult to enforce a U.S. judgment against us or certain of our directors and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">officers outside the United States, or to assert U.S. securities law claims outside of the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The majority of our directors and executive officers are not residents of the United States, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">majority of our assets and the assets of these persons are located outside the United States. As a result, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">it may be difficult or impossible for investors to effect service of process upon us within the United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or other jurisdictions, including judgments predicated upon the civil liability provisions of the federal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities laws of the United States. See &#8220;Enforcement of Liabilities&#8221;. Additionally, it may be difficult to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assert U.S. securities law claims in actions originally instituted outside of the United States. Foreign <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">courts may refuse to hear a U.S. securities law claim because foreign courts may not be the most <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate forum in which to bring such a claim. Even if a foreign court agrees to hear a claim, it may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determine that the law of the jurisdiction in which the foreign court resides, and not U.S. law, is applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the claim. Further, if U.S. law is found to be applicable, the content of applicable U.S. law must be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proved as a fact, which can be a time-consuming and costly process, and certain matters of procedure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">would still be governed by the law of the jurisdiction in which the foreign court resides. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our amended and restated articles of association contain exclusive jurisdiction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provisions, which may impact the ability of shareholders to bring actions against us in certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions or increase the cost of bringing such actions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our amended and restated articles of association (&#8220;Articles of Association&#8221;) provide that the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">courts of England and Wales shall have the exclusive jurisdiction for resolving all actions or proceedings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brought by a shareholder in its capacity as a shareholder or on our behalf against us, our directors, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">officers or other employees of the Company, other than shareholder complaints asserting a cause of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action arising under the Securities Act or the Exchange Act and that the U.S. District Court for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Southern District of New York will be the exclusive jurisdiction for resolving any shareholder complaint <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">asserting a cause of action arising under the Securities Act or the Exchange Act. In addition, our Articles <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Association provide that any person or entity purchasing or otherwise acquiring any interest in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares is deemed to have notice of and consented to these provisions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">These choice of jurisdiction provisions may limit a shareholder&#8217;s ability to bring a claim in a forum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that it considers favorable for disputes with us or our directors, officers or other employees, which may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discourage such lawsuits. The enforceability of similar exclusive jurisdiction provisions (including <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">50<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exclusive federal jurisdiction provisions for actions, suits or proceedings asserting a cause of action <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arising under the Securities Act) in other companies&#8217; organizational documents has been challenged in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legal proceedings, and there is uncertainty as to whether courts would enforce the exclusive jurisdiction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provisions in our Articles of Association. Additionally, our shareholders cannot waive compliance with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">federal securities laws and the rules and regulations thereunder. Further, Section 22 of the Securities Act <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">creates concurrent jurisdiction for federal and state courts over all claims brought to enforce any duty or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liability created by the Securities Act or the rules and regulations thereunder, which permits investors to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bring actions to enforce a duty or liability under the Securities Act in any state or federal court of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">competent jurisdiction. If a court were to find either choice of forum provision contained in our Articles of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Association to be inapplicable or unenforceable in an action for any reason, we may incur additional costs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associated with resolving such action in other jurisdictions, which could adversely affect our results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations and financial condition. The courts of England and Wales and the U.S. District Court for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Southern District of New York may also reach different judgments or results than would other courts, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including courts where a shareholder considering bringing a claim may be located or would otherwise <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">choose to bring the claim, and such judgments may be more or less favorable to us than our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The rights of our shareholders may differ from the rights typically offered to shareholders <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a U.S. corporation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are incorporated under the laws of England and Wales. The rights of holders of ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares are governed by English law, including the provisions of the U.K. Companies Act 2006 (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Companies Act&#8221;) and by our Articles of Association. These rights differ in certain respects from the rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of shareholders in typical U.S. corporations. For example, the Delaware General Corporation Law relating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to shareholders&#8217; rights and protections. The principal differences include the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Under English law, subject to certain exceptions and disapplications, each shareholder generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">has preemptive rights to subscribe on a proportionate basis to any issuance of ordinary shares or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">rights to subscribe for, or to convert securities into, ordinary shares for cash.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Under U.S. law, shareholders generally do not have preemptive rights unless specifically granted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in the certificate of incorporation or otherwise; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Under English law, certain matters require the approval of not less than 75% of the shareholders <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">who vote (in person or by proxy (or, if a corporation, by duly authorized representative)) on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">relevant resolution (or on a poll of shareholders, by shareholders representing not less than 75% <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">of the ordinary shares voting (in person or by proxy (or, if a corporation, by duly authorized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">representative))), including amendments to our Articles of Association. This may make it more <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">difficult for us to complete corporate actions deemed advisable by our Board. Under U.S. law, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">generally only majority shareholder approval is required to amend the certificate of incorporation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">or to approve other significant transactions;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">In the United Kingdom, takeovers may be structured as takeover offers or as schemes of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">arrangement. Under English law, a bidder seeking to acquire us by means of a takeover offer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">would need to make an offer for all of our outstanding ordinary shares. If acceptances are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">received for 90% or more of the ordinary shares to which the offer relates, under English law, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">bidder cannot complete a &#8220;squeeze out&#8221; to obtain 100% control of us. Accordingly, acceptances of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">90% of our outstanding ordinary shares would likely be a condition in any takeover offer to acquire <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">us, not 50% as is more common in tender offers for corporations organized under U.S. law. By <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contrast, a scheme of arrangement, the successful completion of which would result in a bidder <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">obtaining 100% control of us, requires the approval of a majority in number of the shareholders or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">class of shareholders present and voting either in person or by proxy at the meeting and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">representing 75% in value of the ordinary shares voting at the meeting for approval; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">51<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Under English law and our Articles of Association, shareholders and other persons whom we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">know or have reasonable cause to believe are, or have been, interested in our shares may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">required to disclose information regarding their interests in our shares upon our request, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">failure to provide the required information could result in the loss or restriction of rights attaching <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">to the shares, including prohibitions on certain transfers of the shares, withholding of dividends <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and loss of voting rights. Comparable provisions generally do not exist under U.S. law; and&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Under our Articles of Association, the quorum requirement for a shareholder meeting is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">minimum of two shareholders present in person or by proxy (or, if a corporation, by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">representative). Under U.S. law, a majority of the shares eligible to vote must generally be present <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">(in person or by proxy) at a shareholders&#8217; meeting in order to constitute a quorum. The minimum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">number of shares required for a quorum can be reduced pursuant to a provision in a company&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">certificate of incorporation or bylaws, but typically not below one-third of the shares entitled to vote <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">at the meeting. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">General Risk Factors <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we do not meet the expectations of securities analysts, if they do not publish research or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reports about our business, or if they issue unfavorable commentary or downgrade our ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares, the price of our ordinary shares could decline. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The trading market for our ordinary shares relies in part on the research and reports that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities analysts publish about us and our business. The analysts&#8217; estimates are based upon their own <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">opinions and are&#160; often different from our estimates or expectations. We do not have any control over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these analysts. If our revenue or our other results of operations are below the estimates or expectations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of public market analysts and investors, the price of our ordinary shares could decline. Moreover, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">price of our ordinary shares could decline if one or more securities analysts downgrade our ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares or if those analysts issue other unfavorable commentary or cease publishing reports about us or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We incur significant costs as a result of operating as a public company, and our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management will be required to devote substantial time to new compliance initiatives and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporate governance practices.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Dodd-Frank Act, the listing requirements of Nasdaq and other applicable securities laws and regulations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The expenses incurred by public companies generally for reporting and corporate governance purposes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been increasing. We expect these rules and regulations to continue to increase our legal and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial compliance costs and to make some activities more difficult, time-consuming and costly. Being a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">public company and being subject to such rules and regulations also makes it more expensive for us to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obtain director and officer liability insurance, and we may be required to accept reduced coverage or incur <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantially higher costs to obtain coverage. These laws and regulations could also make it more difficult <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for us to attract and retain qualified persons to serve on our Board, on our board committees or as our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executive officers. Furthermore, if we are unable to satisfy our obligations as a public company, we could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be subject to delisting of our ordinary shares, fines, sanctions and other regulatory action and potentially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">civil litigation. These factors may therefore strain our resources, divert management&#8217;s attention and affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our ability to attract and retain qualified board members. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Raising additional capital may cause dilution to our existing shareholders, restrict our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations or cause us to relinquish valuable rights.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may seek additional capital through a combination of public and private equity offerings, debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financings and strategic partnerships and alliances. For example, we filed the Senior Notes Registration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement with the SEC to offer, on a continuous basis, up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 343.93pt; position: var(--position); text-decoration: none; white-space: pre;">$700 million in aggregate principal amount, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or the equivalent thereof in any other currency, of Senior Notes and on October 30, 2024 we completed <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">52<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an offering under this Registration Statement and received net proceeds of $596.7m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.45pt; position: var(--position); text-decoration: none; white-space: pre;">. To the extent that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we raise additional capital through the sale of equity, convertible debt securities or other equity-based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative securities, your ownership interest will be diluted, and the terms of the securities may include <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidation or other preferences that may be senior to your rights as a holder of ordinary shares. Any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indebtedness we incur, including through the issuance of Senior Notes, would result in increased payment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations and could involve restrictive covenants, such as limitations on our ability to incur additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">debt and other operating restrictions that could adversely impact our ability to conduct our business. Any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">debt or additional equity financing that we raise may contain terms that are not favorable to us and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holders of our ordinary shares. Furthermore, the issuance of additional securities, whether equity or debt, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by us, or the possibility of such issuance, may cause the market price of our ordinary shares to decline, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and holders of our ordinary shares may not agree with our financing plans or the terms of such financings. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We may from time to time distribute rights to our shareholders, including rights to acquire our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities. However, we cannot make rights available to holders in the United States unless we register <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the offer and sale of the rights and the securities to which the rights relate under the Securities Act or an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exemption from the registration requirements is available. We are under no obligation to file a registration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement with respect to any such rights or securities, to endeavor to cause such a registration statement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to be declared effective or to establish an exemption from registration under the Securities Act. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Accordingly, you may be unable to participate in such a rights offerings and may experience dilution in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">your holdings. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 342pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1916"></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 4.<span style="display: inline-block; height: 7.28pt;"></span><span id="ie4f6f3dd10ef4d2ca8daa7d93532f1b8"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;"> Information on the Company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="id5acbc8a254e4db3b415c0a9d0f5b0e0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">History and Development of the&#160;Company<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our legal name is Marex Group plc and our commercial name is Marex.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We were incorporated under the laws of England and Wales in November 2005.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our principal executive office is located at 155 Bishopsgate, London, EC2M 3TQ, United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom. The telephone number at this address is +44 2076 556000. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our agent for service of process in the United States is Marex Capital Markets Inc. located at 140 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">East 45th Street, 10th Floor, New York, New York 10017.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For a description of our <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">principal<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.75pt; position: var(--position); text-decoration: none; white-space: pre;"> capital expenditures and divestitures for the three years ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 and for those currently in progress, see Item 5. &#8220;Operating and Financial Review and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prospects.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The SEC maintains an Internet site that contains reports, proxy and information statements, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other information regarding issuers, such as we, that file electronically, with the SEC at www.sec.gov.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"> Our website address is www.marex.com. Information contained on, or that can be accessed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through our website does not constitute a part of this Annual Report and is not incorporated by reference <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">herein. We have included our website address in this Annual Report solely for informational purposes.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i2ef3c818860e46a2b702599383c6724d"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Business Overview<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our <span style="display: inline-block; height: 8.73pt;"></span><span id="id96cfe24a94f465ba79a6c0f302f056f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 95.32pt; position: var(--position); text-decoration: none; white-space: pre;">Company<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 146.65pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 670.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex is a diversified global financial services platform providing essential liquidity, market access <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 682.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and infrastructure services to clients across energy, commodities and financial markets. We provide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 694.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">critical services to our clients by connecting them to global exchanges and providing a range of execution <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 706.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and hedging services across a range of our asset and product. We operate in a large and fragmented <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">53<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market with significant infrastructure requirements and regulatory and technological complexity, resulting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in high barriers to entry. Moreover, our market is characterized by reduced competitive intensity as we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe many large banks and other financial institutions have reduced their participation in this part of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial ecosystem. We consider these trends to elevate our value proposition and support our growth, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as the scale and diversity of our business enable us to effectively service an underserved and growing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">global client base. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our History <span style="display: inline-block; height: 8.73pt;"></span><span id="i8da3571ee8e34796b621f8d3bf787a7d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Established in 2005, the transformation of our business has accelerated over the last several <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 190.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years, beginning with the majority acquisition by a group of investors advised by JRJ Ventures LLP in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 202.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2010. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 224.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Since then, we have expanded into new products and geographies through investments in new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 236.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business divisions and hiring talented people, and undertaking several strategic acquisitions. In doing so, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 248.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we grew our client base, deepened our relationships with clients and diversified our business. In the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 260.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fourth quarter of 2022, we acquired the global clearing and agency and execution businesses of ED&amp;F <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 272.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Man Capital Markets. This acquisition significantly enhanced our geographic presence and market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 284.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position in the Americas, APAC and the Middle East, increased our position in the financial securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 296.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">asset class and provided a platform for further expansion. In December 2023, we acquired Cowen&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 308.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legacy prime services and outsourced trading business, which further expanded and diversified our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 320.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">product offering in financial securities and our U.S. client base. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On April 24, 2024, the Group&#8217;s registration statement on Form F-1 related to its initial public <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offering (&#8220;IPO&#8221;) was declared effective and, on April 25, 2024, the Group&#8217;s ordinary shares began trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the Nasdaq Global Select Market under the symbol &#8220;MRX&#8221;.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 388.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Throughout our evolution, we have added and retained high quality talent, which we believe is our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 400.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">greatest resource and has allowed us to provide our clients with innovative products, value-added insights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 412.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and high-quality service. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 434.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our <span style="display: inline-block; height: 8.73pt;"></span><span id="i78f9a3fe3594451fb2c480da9db23fd8"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 95.32pt; position: var(--position); text-decoration: none; white-space: pre;">Principal<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 141.3pt; position: var(--position); text-decoration: none; white-space: pre;"> Services <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 458.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We provide broking and other essential specialist services to counterparties operating in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 470.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">major wholesale and exchange-traded commodity markets in the United Kingdom, Europe, North America <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 482.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and certain markets in APAC. Our services are divided into four core businesses: Clearing, Agency and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 494.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Execution, Market Making and Hedging and Investment Solutions,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 364.19pt; position: var(--position); text-decoration: none; white-space: pre;"> from <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.72pt; position: var(--position); text-decoration: none; white-space: pre;">which we derive<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 460.83pt; position: var(--position); text-decoration: none; white-space: pre;">d <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 469.16pt; position: var(--position); text-decoration: none; white-space: pre;">29%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.17pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.71pt; position: var(--position); text-decoration: none; white-space: pre;">44%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.72pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">13%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 92.01pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">10%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 134.24pt; position: var(--position); text-decoration: none; white-space: pre;">, respectively, of our revenue for the year ended December 31, 2024. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We provide clients with execution and clearing services on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 368.9pt; position: var(--position); text-decoration: none; white-space: pre;">60<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 380.02pt; position: var(--position); text-decoration: none; white-space: pre;"> regulated exchanges worldwide. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We offer execution and clearing services in metals (both base and precious), agricultural products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(primarily softs, which include cocoa, coffee, grains, livestock and sugar), energy and financial futures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">options. Clients have access to voice, electronic and algorithm execution services for trades across all our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 598.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">principal markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our execution and clearing teams are based in London, New York and Chicago. Our execution <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and clearing activities are primarily concentrated on the LME, CME and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.71pt; position: var(--position); text-decoration: none; white-space: pre;">the<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.6pt; position: var(--position); text-decoration: none; white-space: pre;"> ICE. We are a Ring Dealer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and one of nine Category 1 members on the LME, which allows us to trade LME contracts by open outcry <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the ring, by telephone and electronically through LME select, to issue client contracts to clients and to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clear trades on our own behalf and on behalf of our clients. We act as principal on behalf of our clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and generate revenue through commissions earned on executing and clearing trades. We also generate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 692.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interest income from client cash balances that we hold. Our Clearing fee pricing is determined on a client-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 704.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by-client basis, based on factors including creditworthiness, client type and asset class (commodities, for <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">54<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">example, have a higher commission rate on average than other asset classes, such as financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities). We execute certain trades on behalf of other brokers on a &#8220;give-up&#8221; basis, meaning they are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cleared by another exchange member. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are required to post margins with exchanges and Clearing Houses. As a result, we require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients to provide margin deposits to cover initial and variation margins. We determine these margins <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on the &#8220;position limit&#8221; for the relevant client, which represents the maximum exposure that a client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">can take. To facilitate on-exchange transactions, we grant margin credit facilities to selected clients for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">both initial and variation margins, particularly in our metals and agriculture businesses. Many clients are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required to post collateral to secure credit, usually in the form of cash, cash equivalents or, on occasion, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">metal warrants. This collateral is posted to a separate, standalone account and cannot be used to fund <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading. To help us manage potential credit risks, all client credit lines are uncommitted and can be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cancelled at short notice. We also conduct daily margin calls. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2019, we launched Marex Clearing Services to consolidate and advance our existing clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offerings. Marex Clearing Services caters exclusively to the wholesale market, predominantly providing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services to groups of traders. Marex Clearing Services&#8217; activities are concentrated in interest rate and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stock index futures and options products traded on the ICE, the London International Financial Futures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Options Exchange and Eurex, the European derivatives exchange. Our Neon client portal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complements our Clearing capabilities with near real-time updates on transactions and exposures, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we believe allows our clients to efficiently manage their accounts and risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We expect to integrate our commercial and operational Clearing capabilities in Europe with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States. We also intend to expand our operations and exchange memberships in APAC and Latin <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">America. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and Execution <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Agency and Execution business provides essential liquidity and execution services to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients, primarily through its Capital Markets and Energy divisions. We utilize market connectivity to match <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">buyers and sellers to facilitate price discovery and to enable buyers and sellers to transact directly. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also provide execution services, where we execute transactions on a regulated exchange on behalf of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients and then pass the transaction to the relevant counterparty or clearing house to settle and, in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with our Prime Brokerage Services, provide trade execution custody and clearing services. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our clients can trade with us through multiple channels, including voice, electronic and algorithmic, across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">all of our principal markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 69.43pt;">Capital Markets<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 141.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 5.54pt;">&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Through our Capital Markets division, we offer liquidity and execution services for financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities through 42 trading desks that cover products including foreign exchange, equities, fixed income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other offerings. The division also consolidates certain businesses that we have acquired over recent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years, such as XFA, Volcap Trading Partners Ltd, the Frontier Markets business, certain desks within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI, the brokerage business of OTCex and the prime brokerage and outsourced trading businesses of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Cowen, and organically developed businesses such as our Interest Rates Swaps, Cash Equity, Equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derivatives and Bank Facilitation desks.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In financial securities markets, we mostly operate on a matched principal basis, whereby we enter <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">into simultaneous transactions with both a buyer and seller in such a manner that minimizes our market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk exposure under each side of the transaction, generating revenue through either a spread between <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">buying and selling prices or commission. Certain product lines within our Capital Markets division, in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect of which we act as principal to buy or sell financial securities for our own account to increase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market liquidity, contribute to our Market Making segment, as set out below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.67pt;">Energy<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 103.67pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">55<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Energy division is comprised of our traditional wholesale energy brokerage business and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">matches buyers and sellers in the OTC energy market. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We operate as an agent for our clients, leveraging our extensive knowledge of the energy sector <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and our relationships with clients to arrange trades in OTC energy products and add value through multi-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">leg, multi-product and multi-class transactions. We cover energy asset classes in all major markets and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have a leading market share in many products, which allows us to access deep liquidity for our clients. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We offer Energy services across the below principal products: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Oil:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 140.98pt; position: var(--position); text-decoration: none; white-space: pre;"> Fuel oil financial products, light ends (such as liquefied petroleum gas and naphtha <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">financial products), physical oil products, gasoline financial products, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 431.52pt; position: var(--position); text-decoration: none; white-space: pre;">middle distillates<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 504.84pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">financial products, crude futures, crude options, OTC crude and physical crude. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Power and gas:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.44pt; position: var(--position); text-decoration: none; white-space: pre;"> Power, natural gas, liquid natural gas futures, OTC crude, physical crude, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">renewables and petrochemicals. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Shipping and freight:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 217.66pt; position: var(--position); text-decoration: none; white-space: pre;"> Physical wet freight. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Energy division generates revenue through commissions from arranging trades and through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the sale of OTC energy market data. Unlike our Clearing business, our Energy business does not require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the use of credit lines. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We provide Market Making services across major commodities markets for metals, agricultural <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 367.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">products and energy. We also act in a market making capacity in respect financial securities and certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">product lines within our Capital Markets division, including in equities and corporate bonds and interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate swaps products and through our Frontier FX desk. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 316.39pt; position: var(--position); text-decoration: none; white-space: pre;">As of December 31, 2024, we traded a total of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 400.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">more than 57 asset classes and had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 235.33pt; position: var(--position); text-decoration: none; white-space: pre;">134<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252.01pt; position: var(--position); text-decoration: none; white-space: pre;"> front-office FTEs in our Market Making business.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 469.52pt; position: var(--position); text-decoration: none; white-space: pre;"> Our significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scale and broad market connectivity enable us to provide competitive prices on a principal basis in a wide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 423.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">variety of energy and commodity markets, which differentiates our business from many of our peers. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 434.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe that our Market Making activities are principally concentrated on three key global exchanges: the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 445.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LME, the CME and ICE. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We act as principal on Market Making transactions by buying and selling commodities and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities on an exchange for our own account, which increases liquidity in the relevant market. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 490.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe we incur limited market risk from taking positions during our Market Making activities, as we do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 502.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not take directional positions. The clients we serve in our Market Making business are categorized as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 514.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">producers and refiners (such as Codelco, ZiJin, Cooxupe, Cepsa, Glencore, Gasum and ElectroRoute), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 526.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consumers (such as Wendy&#8217;s, Nestle, Nordon and Energie260), Banks (such as Goldman Sachs, BNP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 538.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Paribas and RWE), and trading firms and asset managers (such as BlackRock, Wellington Management, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Glencore and Shell Energy). We generally hold positions for a short period, typically on an intraday or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">overnight basis, and conservatively manage risk limits as evidenced by our relatively <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 447.52pt; position: var(--position); text-decoration: none; white-space: pre;">low<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 462.52pt; position: var(--position); text-decoration: none; white-space: pre;"> average VaR of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approximatel<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 129.23pt; position: var(--position); text-decoration: none; white-space: pre;">y $3.2 million, $2.5 million and $2.0 million for t<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 336.38pt; position: var(--position); text-decoration: none; white-space: pre;">he years ended December 31, 2024, 2023 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and 2022, respectively.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 608.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Other key tools in place for risk mitigation include sensitivity limits, concentration limits, stress <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">testing limits and additional non-limit control measures. Furthermore, the Market Making business is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">positively levered to market volatility, which causes both trading volumes to increase and bid-ask spreads <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we capture to widen. We believe our prudent risk management approach enables us to achieve greater <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consistency in our profitab<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.1pt; position: var(--position); text-decoration: none; white-space: pre;">ility. For the year ended December 31, 2024, Market Making trading was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profitable 86% of days, 98% of weeks and 100% of months, for 2023, Market Making trading was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profitable 88% of days, 100% of weeks and 100% of months and for 2022, Market Making trading was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 692.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profitable 84% of days, 96% of weeks and 100% of months. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">56<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Through the Hedging Solutions division of our Hedging and Investment Solutions business, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide our clients with OTC traded hedging and customized OTC derivatives solutions. We generate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">revenue from our Hedging and Investment Solutions business by building a return into the pricing of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">product. Our commodity hedging solutions allow producers and consumers of commodities to hedge their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure to movements in energy and commodity prices, as well as exchange rates, across a variety of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">different time horizons. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Where a client&#8217;s requirements go beyond the solutions offered by exchange listed products, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions business creates a tailored derivatives solution through customized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OTC derivatives with the objective of matching the client&#8217;s needs. The division comprises two key sub-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">divisions: (i) Hedging Solutions; and (ii) Financial Products. &#160;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We intend to further build out the distribution network for our Hedging and Investment Solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business in the United States, Brazil and APAC and explore opportunities in the environmentals market, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including carbon credits. We also plan to continue to invest in our derivatives engine and client portal to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">further enhance our competitive advantage. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 81.12pt;">Hedging Solutions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.12pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Hedging Solutions business provides our clients with tailored risk management solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">across a spectrum of commodity markets, including agriculture (including grains, softs, forestry and dairy), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">metals, energy (including biofuels) and currency markets. Clients include trading houses, producers and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consumers as well as banks and distributors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging Solutions organizes tailored hedging solutions into four primary categories: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Participation:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.76pt; position: var(--position); text-decoration: none; white-space: pre;"> Participation products allow clients to participate one-to-one in the underlying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">market, either in the underlying contract currency or in the local currency. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Protection:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.76pt; position: var(--position); text-decoration: none; white-space: pre;"> Protection products allow clients to mitigate against adverse or unexpected <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">market moves that could otherwise damage the business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Price Improvement:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 212.64pt; position: var(--position); text-decoration: none; white-space: pre;"> Price improvement products enable clients to achieve a better sale price <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">compared to the market price, in exchange for less certainty in volume executed. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Range Extraction:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.43pt; position: var(--position); text-decoration: none; white-space: pre;"> Range extraction products extract value from range bound markets. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">can be tailored to give more appropriate risk profiles than listed alternatives. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Hedging Solutions division offers some margin forgiveness to most clients for a pre-agreed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amount of their margin call. As a result, the Hedging Solutions division assumes a degree of credit risk for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">its clients to the extent of such agreed amount. We also extend credit lines to select clients for variation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">margin payments. Given the increased risk to our business, variation margin credit is subject to additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limits, including the capping of credit offered in specific geographies. As part of our risk management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">strategy, OTC exposures are hedged through a combination of exchange traded derivatives and OTC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trades with top-tier investment banks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 82.21pt;">Financial Products<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 154.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We launched Financial Products, our structured notes business, in 2018. The Financial Products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">division <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.11pt; position: var(--position); text-decoration: none; white-space: pre;">had 770, 362 and 222 clients in the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.44pt; position: var(--position); text-decoration: none; white-space: pre;">years ended December 31, 2024, 2023, and 2022, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respectively. These clients, include private banks, independent asset managers, pension funds and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporates such as Bondpartners SA, Bank J. Safra Sarasin, Julius Baer and Union Bancaire Priv&#233;e. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured notes business provides our clients with Structured Notes and represents a way to diversify our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sources of funding and to reduce the utilization of our Credit Facilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">57<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The structured notes business allows investors to build their own Structured Notes across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">numerous asset classes, including commodities, equities, foreign exchange and fixed income products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our regulated subsidiary Marex Financial is the legal entity through which we conduct the structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notes business and Marex Group plc and Marex Financial are both issuers under our Structured Notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Program. Marex Financial is rated BBB by S&amp;P, and Marex is rated BBB&#8211; (outlook stable) by S&amp;P and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">BBB by Fitch. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We organize our investment solutions into four primary categories: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Participation:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.76pt; position: var(--position); text-decoration: none; white-space: pre;"> Clients invest in a single security that provides access to the performance of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">selected underlying asset or assets, which can be actively managed by the client over time.&#160;&#160;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Capital Protected:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.42000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> Low risk solutions that provide investors with their principal investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">back plus the growth of a chosen underlying asset at maturity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Yield Enhancement:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.44pt; position: var(--position); text-decoration: none; white-space: pre;"> In a low interest environment, clients receive a relatively large coupon if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the market remains flat or rallies but risk some capital if the market falls beyond a certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">level.&#160;&#160;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Leverage:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.46pt; position: var(--position); text-decoration: none; white-space: pre;"> Investors receive full participation in the upside and downside of the chosen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">underlying asset without providing the full cash value of the underlying asset. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 122.81pt; position: var(--position); text-decoration: none; white-space: pre;"> offer a diverse portfolio of Structured Notes, including auto-callable, fixed, stability and credit-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">linked notes, with varied terms across numerous asset classes. Marex Group plc and Marex Financial act <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as the &#8220;manufacturers&#8221; of the Structured Notes. The notes are distributed to investors through a network <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of distributors. The Structured Notes are settled through the Clearstream clearing system to investors who <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">purchase and hold the structured notes through their custodian bank. Some of the Structured Notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issued by Marex Financial are listed on the Vienna MTF, a multilateral trading facility operated by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Vienna Stock Exchange. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, we provide liquidity in the secondary market for our Structured Notes. As part of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk management strategy, the Structured Notes are hedged through a combination of exchange traded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivatives and OTC trades with top-tier investment banks. Marex Financial also operates an alternative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured notes program, the Tier 2 Program, which, due to the long-dated term of the structured notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issued thereunder, enables the Tier 2 Notes to qualify as Tier 2 capital for the purposes of our regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Information Technology<span style="display: inline-block; height: 8.73pt;"></span><span id="ia10ff6a276134999b0a7d37b4cde8106"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have developed and continue to develop client-centric proprietary technology, which we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe enables us to deliver innovative solutions to our clients and create a scalable operating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">environment across our business and enables the efficient integration of our acquired businesses. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 560.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deploy numerous computer and communications systems and networks to operate our broking business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 572.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including front-end broking platforms available to clients and brokers to disseminate information, provide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 584.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">analytics and collect and manage orders, alongside our back-office infrastructure.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 606.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our operating platforms are supported by third-party platforms, including modern cloud-based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">solution providers. These third-party providers help us to ensure that our technology is reliable, scalable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 630.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and provide a seamless client experience. Cloud services help us accelerate our product development by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 642.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ensuring that we can leverage existing technology and that we can bolt on additional services where <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 654.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable. This enables us to focus our development efforts on the platforms that differentiate our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 666.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offerings and reduce our time-to-market.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 688.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">At the core of our technology offering are Neon and Agile, our proprietary front-end broking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 700.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">platforms.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">58<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Neon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We launched Neon, our trading, risk and data platform, in 2020. Neon provides traders with direct <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">access to global commodity and financial exchanges, enables clients to manage their risk, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through the application of risk management methodologies, and provides access to market data. Neon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">can be accessed by multiple channels including via desktop and mobile. The number of Neon users was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approximately 22,000, 16,000, 10,000, 8,000, 2,000 and 1,000 for the years ended December 31, 2024, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023, 2022, 2021, 2020 and 2019, respectively. We calculate the number of users based on the number <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of subscribers that accessed the platform during each respective year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Neon&#8217;s applications are summarized below: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Insights:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.88pt; position: var(--position); text-decoration: none; white-space: pre;"> Research, commentary and insights across energy, metals, agricultural and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">financial markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Energy:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 187.11pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.88pt; position: var(--position); text-decoration: none; white-space: pre;">Fully customizable, real-time view of our highly liquid energy markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Metals:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.88pt; position: var(--position); text-decoration: none; white-space: pre;"> Access to our liquidity in base metals, from adjusting 3M positions to trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">spreads. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Crude:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 182.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> Real-time crude trading platform, allowing users to view and trade bids for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Canadian crude market. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Trader:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.88pt; position: var(--position); text-decoration: none; white-space: pre;"> Real-time exchange trading with access to multiple global futures and options <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 126pt; position: var(--position); text-decoration: underline; white-space: pre;">Neon Risk:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.88pt; position: var(--position); text-decoration: none; white-space: pre;"> Comprehensive post trade risk management, allowing users to manage risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">effectively with real-time P&amp;L at instrument, account, trading group or firm level. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agile<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Agile is our full-service commodity broking platform that allows clients to manage their OTC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedging portfolio electronically. Our Agile platform aims to provide clients with full transparency and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">control through the hedging life cycle. Through Agile, clients can explore new trade ideas in real time, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitor and analyze their hedging portfolio and access up-to-date market data and pricing information.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our Principal Markets <span style="display: inline-block; height: 8.73pt;"></span><span id="if8954dc8c2ae4618a6d2311fba101053"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMEA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are headquartered in London, with offices in Paris, Versailles, Dublin, Milan, Bruchk&#246;bel, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 540.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amsterdam, Rotterdam, Lisbon, Madrid, Belfast, Geneva, the DIFC and Tel Aviv. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Americas <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 584.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We have offices in New York, Chicago, Houston, Stamford, Miami, San Francisco, Des Moines, Clark, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 595.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Saint Louis Park, Red Bank, Richmond, Schaumburg, Calgary, Montreal and S<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#227;o Paulo<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 458.97pt; position: var(--position); text-decoration: none; white-space: pre;">. Our North <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 606.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">American energy business is based in our Houston office, our agricultural business is based in Chicago <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and our New York office focuses on our financial products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 639.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">APAC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 661.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have offices in Hong Kong, Singapore, Sydney, Melbourne, Brisbane and Auckland. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 673.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">addition to clients served by our Asia desks, our European and North American offices have a growing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">base of clients located in Asia that are principally served by our London and New York desks. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 485.3pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 707.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Seasonality<span style="display: inline-block; height: 8.73pt;"></span><span id="i6d0d5df3a6934550bf7894da13b9f4d6"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">59<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">See Item 5. Operating and Financial Review and Prospectus.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulation <span style="display: inline-block; height: 8.73pt;"></span><span id="id8023ec51c0c47398482478ff614b9bf"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a global financial services platform, we have the following regulated financial services <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">companies. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities in the U.K.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The below is a list of all of our entities that are regulated in the United Kingdom (the &#8220;U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities&#8221;): <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Financial, which is regulated in the United Kingdom by the FCA, in Italy by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Consob, in Dubai by the SCA and in Australia by the ASIC; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Spectron International Limited (&#8220;MSIL&#8221;), which is regulated in the United Kingdom by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the FCA and by the Alberta Securities Commission in Canada; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI, which is regulated by the FCA; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Prime Services Limited, which is regulated by the FCA; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">HPC Investment Services Limited, which is regulated by the FCA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities in the U.S.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The below is a list of all of our entities that are regulated in the United States (the &#8220;U.S. Regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Entities&#8221;): <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI, which is regulated as an FCM by the CFTC, and is a member of and regulated by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">NFA. MCMI is also regulated by the CME (its designated SRO), and as a broker-dealer by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">SEC and FINRA; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MSIL, which is regulated as an introducing broker (&#8220;IB&#8221;) by the CFTC and is a member of and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">regulated by the NFA; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex MENA Limited (&#8220;MML&#8221;), which is regulated as an IB by the CFTC and is a member of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">and regulated by the NFA; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">XFA, which is regulated as a broker-dealer by the SEC, as an IB by the CFTC, is a member <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">of and regulated by the NFA and the Chicago Board Options Exchange (&#8220;CBOE&#8221;) (in respect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">of the CBOE, as its designated SRO); and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Puerto Rico LLC (&#8220;MPR LLC&#8221;), which is regulated as an IB by the CFTC and is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">member of and regulated by the NFA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities in the E.U.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The below is a list of all our entities that are regulated in the European Union (the &#8220;E.U. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities&#8221;): <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex SA, which is regulated by the AMF and the ACPR in France. Marex SA has regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">branches in Portugal (regulated by the CMVM) and in Italy (regulated by the Consob); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MSEL, which is regulated by the Central Bank of Ireland (&#8220;CBI&#8221;) in Ireland. MSEL has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">regulated branches in Germany (regulated by BaFin) and Spain (regulated by the CNMV); <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">60<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex France SAS (&#8220;Marex AIFM&#8221;), an Alternative Investment Fund Manager (&#8220;AIFM&#8221;) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">regulated by the AMF in France; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Arfinco SA, which is regulated by the ACPR in France. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities in other jurisdictions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The below is a list of all our entities that are regulated in jurisdictions other than the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom, the United States or the European Union: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 184pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Spectron Asia Pte. Ltd. (&#8220;MSAPL&#8221;), which is regulated by the MAS in Singapore and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the NFA in the United States; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Hong Kong Limited (&#8220;MHKL&#8221;), which is regulated by the SFC in Hong Kong; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Financial Services Hong Kong Limited (&#8220;MFS HK&#8221;) (formerly OTCex Hong Kong <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Limited), which is regulated by the SFC in Hong Kong; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MML, which is regulated by the DFSA in the DIFC; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Australia Pty Ltd (&#8220;MAPL&#8221;), which is regulated ASIC in Australia. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Each regulated company generally provides services to clients based both within and outside of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">its home jurisdiction in accordance with the applicable legal and regulatory requirements. In certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions, this involves relying on applicable exemptions. In addition to the regulatory regimes in each <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company&#8217;s home jurisdiction, our companies may be subject to overseas law and regulation when they <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide services on a cross-border basis. We are also subject to anti-money laundering, counter-terrorism <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financing and sanctions laws and regulations in the jurisdictions in which we operate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Several areas of regulation have either seen recent change or are areas where future change is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">anticipated. Where these changes may pose a material risk to the future operation of our business, they <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been disclosed in &#8220;Risk Factors&#8212;Risks Relating to Regulation.&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The statutory framework for the regulation of financial services in the United Kingdom is set out in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Financial Services and Markets Act 2000 (&#8220;FSMA&#8221;). FSMA requires firms that provide financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services in the United Kingdom to be authorized and regulated by the relevant regulatory authority. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial services firms are subject to supervision by one or both of two U.K. regulators&#8212;the FCA and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prudential Regulation Authority (&#8220;PRA&#8221;). The PRA is responsible for regulating banks and building <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">societies (as deposit takers), insurers and credit unions and large investment firms (e.g., investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">banks) for prudential purposes. The FCA regulates all other investment firms for prudential purposes, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulates all financial services firms for conduct purposes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 181.59pt;">Entities Subject to the FCA&#8217;s Supervision<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 253.59pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the United Kingdom, we have five regulated entities: Marex Financial, MSIL, MCMI, Marex <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prime Services Limited and HPC Investment Services Limited. The U.K. Regulated Entities are regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and authorized by the FCA as their sole U.K. regulator for both prudential and conduct matters. HPC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investment Services Limited is regulated and authorized by the FCA as the operator of an OTF, which is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the platform through which our U.K.-based clients can trade certain products and asset classes. The FCA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is also the prudential supervisor of our business on a consolidated basis. None of our entities are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorized or regulated by the PRA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To be authorized by the FCA, firms are subject to an extensive approval process. This includes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assessing their compliance with various regulatory requirements, including certain &#8220;threshold conditions&#8221;. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">61<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Threshold conditions are the minimum conditions which must be satisfied (both at the time of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorization and on an ongoing basis) for a firm to gain and continue to have permission to carry on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant regulated activities under FSMA. The threshold conditions for FCA regulated firms relate to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">matters including: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the firm&#8217;s legal form and location of offices; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether the firm is capable of being effectively supervised by the FCA; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether the firm has adequate resources (both financial and non-financial) to carry on its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">business; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether, considering all the circumstances (including whether the firm&#8217;s affairs are conducted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">soundly and prudently), the firm is a fit and proper person to conduct the relevant regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA&#8217;s Principles for Businesses sets out high-level principles that apply to all authorized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">firms. This includes requirements for firms to treat clients fairly, maintain adequate financial resources and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk management systems, observe proper standards of market conduct, manage conflicts of interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fairly, communicate with clients in a way that is clear, fair and not misleading, and deal with their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulators in an open and cooperative way. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA also has certain powers in relation to the approval of the &#8220;controllers&#8221; of U.K. FCA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorized firms, including the U.K. Regulated Entities. Any person proposing to acquire or increase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;control&#8221; at or above prescribed thresholds in an FCA authorized firm must obtain approval from the FCA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prior to the change in control. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 153.86pt;">FCA Supervision and Enforcement<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 225.86pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA has a wide range of supervisory powers, including extensive powers to intervene in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affairs of an FCA authorized firm. The FCA also has various disciplinary and enforcement powers, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">include powers to (i) limit or withdraw a firm&#8217;s permissions; (ii) suspend individuals from undertaking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated activities; (iii) impose restitution orders; and (iv) fine, censure, or impose other sanctions on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">firms or individuals. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA can formally investigate a firm, require the production of information or documents, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require a firm to provide a &#8220;skilled persons&#8221; report under section 166 of FSMA to facilitate its supervision <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a firm. For example, in 2022 the FCA required us to provide a &#8220;skilled persons&#8221; report on the product <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">governance controls and processes that we had implemented in respect of our Hedging and Investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions business. After reviewing this report, the FCA determined that it did not need any further <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information on this subject. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The U.K. Regulated Entities are subject to the Senior Managers and Certification Regime <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;SMCR&#8221;), which relates primarily to the accountability and responsibility of managers and other relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">staff. Under the SMCR, firms must have clear and effective governance structures. Different conduct rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">apply to the U.K. Regulated Entities&#8217; staff depending on the seniority of the function performed. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA may take direct enforcement action under the SMCR against individuals undertaking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">senior management functions for authorized firms. Under the SMCR, the FCA may revoke an individual&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval to perform certain roles within a firm. Breaches by authorized firms of certain rules can also give <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain private persons (who suffer loss from the breach) a right of action against the firm for damages. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA can also take action against a broader population of individuals under the SMCR including so-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">called certification functions as well as conduct rules staff for both financial and non-financial misconduct. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Misconduct both inside and outside the workplace can be relevant to FCA action. In September 2023, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FCA consulted on its approach to, and draft rules for, the supervision and enforcement of non-financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">misconduct for senior managers, certification functions and conduct rules staff, with a finalized policy <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">62<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement now expected in 2025. Serious instances of non-financial misconduct could lead to disciplinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">action by the FCA including the issuance of prohibition orders against individuals rendering them <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permanently unable to work in the financial services industry in the United Kingdom. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 153.85pt;">U.K. Financial Services Legislation<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 225.85pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">FSMA is the central piece of legislation for the regulation of financial services companies in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom. Among other things, it imposes certain requirements on FCA authorized firms and gives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the FCA a broad range of powers. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Following Brexit, certain &#8220;on-shored&#8221; E.U. financial services legislation has been assimilated in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">U.K. law. The FCA has published relevant guidance which indicates which pieces of E.U.-derived <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations will continue to apply in the United Kingdom, in modified form where required (&#8220;On-shored <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">E.U. Regulation&#8221;). The FCA, alongside HM Treasury and the PRA, continue to work on the so-called <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Edinburgh Reforms&#8221; which, in part, focus on reviewing On-shored E.U. Regulation and determining what <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">should remain in place under U.K. law and what should instead be revisited and potentially reformed (or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deleted with no replacement or some combination of the foregoing). This means the U.K. regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">landscape will be subject to considerable flux in the coming years, which may result in an increased (or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decreased) regulatory and compliance burden on the U.K. Regulated Entities as well as increasing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">divergence between the approach adopted by the U.K. Regulated Entities and group companies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated in the European Union (and elsewhere). Monitoring for and implementing these changes could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represent a regulatory risk for us as well as necessitating increased legal and compliance spend. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to FSMA, the U.K. Regulated Entities are subject to a wide range of regulatory rules, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including, but not limited to, the rules prescribed in the FCA Handbook and the On-shored E.U. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulation. Many of the rules that apply to the U.K. Regulated Entities are derived from this &#8220;on-shored&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legislation, including, but not limited to, the U.K. versions of: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the regime referred to collectively as MiFID II and MiFIR; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the EMIR; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Capital Requirements Regulation (Regulation (EU) No 575/2013 on prudential <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">requirements for credit institutions and investment firms) (&#8220;CRR&#8221;) and the fourth Capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Requirements Directive (Directive 2013/36/EU on access to the activity of credit institutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">and the prudential supervision of credit institutions and investment firms) (&#8220;CRD IV&#8221;); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Market Abuse Regulation (Regulation (EU) No 596/2014 on market abuse) (&#8220;MAR&#8221;); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (&#8220;AIFMD&#8221;); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Regulation on wholesale energy market integrity and transparency (Regulation (EU) No <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">1227/2011 on wholesale energy market integrity and transparency); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Benchmarks Regulation (Regulation (EU) 2016/1011 on indices used as benchmarks in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">financial instruments and financial contracts or to measure the performance of investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">funds) (&#8220;BMR&#8221;); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Bank Recovery and Resolution Directive (Directive 2014/59/EU establishing a framework <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">for the recovery and resolution of credit institutions and investment firms) (&#8220;BRRD&#8221;); <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Securities Financing Transactions Regulation (Regulation (EU) 2015/2365 on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">transparency of securities financing transactions and of reuse); and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Central Securities Depositories Regulation (Regulation (EU) No 909/2014 on central <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">securities depositories). <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">63<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Where E.U. regulations are &#8220;on-shored&#8221; in the United Kingdom, they typically have a similar <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">application as the E.U. equivalent, but with various important divergences, which will likely increase over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 269.4pt;">United Kingdom Wholesale Markets Review and FSMA 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 341.4pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2021, the U.K. government established a review to improve the regulation of secondary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets in the United Kingdom (the &#8220;Wholesale Markets Review&#8221;). The Wholesale Markets Review <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proposed a range of changes to how trading in securities is regulated in the United Kingdom. The FCA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has implemented changes where legislation is not required, and other changes have been implemented <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by the Financial Services and Markets Act 2023 (&#8220;FSMA 2023&#8221;), which was published in July 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In particular, FSMA 2023 gives the United Kingdom Treasury the power to designate a person <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">who provides critical services to regulated firms as &#8220;critical.&#8221; This regime took effect on 1 January 2025 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and allows the FCA to directly oversee critical services provided to regulated firms by designated critical <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">third parties (that would otherwise be unregulated by the FCA) and make associated rules in relation to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such provision. It is expected that certain service providers to our United Kingdom entities may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deemed critical service providers. However, the UK regulators have yet to publish details of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designated critical third parties. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 215.57pt;">Risk Management, Compliance and Governance<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 287.57pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The U.K. Regulated Entities must have robust risk management, compliance and governance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">processes so that they can be operated in accordance with the U.K. regulatory framework and with sound <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk management processes. This includes the requirement to operate in accordance with U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operational resilience and outsourcing rules. For OTC derivatives transactions, such rules include a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirement in certain cases to centrally clear or apply &#8220;risk mitigation techniques.&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 91.66pt;">Conduct of Business<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 163.66pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The U.K. regulatory framework imposes various requirements relating to the conduct of business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of an authorized firm. These requirements relate to, among others, product governance, the treatment of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client money and assets, information provision, disclosure and reporting to clients, handling of client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complaints, best execution, management of conflicts of interest, disclosure to clients of information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to charges and the general obligation to deal with clients fairly. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The applicable conduct rules may differ depending on the type of client. While Marex Financial is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorized by the FCA to provide certain investment services to retail clients, we currently do not have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any retail clients and in practice, we only provide services to professional clients and eligible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA has introduced the &#8220;Consumer Duty&#8221; designed to ensure that firms deliver good <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outcomes for retail clients. The duty applies primarily to firms providing services to retail clients, but it also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has an impact when a wholesale firm is in a distribution chain and, as a result, affects outcomes for retail <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investors. This is in addition to existing product governance rules which require manufacturers and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">distributors of financial instruments to consider their suitability for the relevant target market and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">distribution strategy. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">U.K. regulation also governs the provision of information by authorized and unauthorized firms, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including the requirement that financial promotions are compliant with certain disclosure obligations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are fair, clear and not misleading (or can otherwise be made to specified categories of recipients in line <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with specific exemptions). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 121.11pt;">Market Conduct and Abuse<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 193.11pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">64<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market conduct rules impose certain obligations on the U.K. Regulated Entities, including duties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of transparency to regulators, markets and issuers. This includes trade reporting and monitoring <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations, both in relation to financial instruments and wholesale energy products to ensure that the U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities help to maintain the proper functioning and integrity of the wider U.K. financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Following Brexit, a U.K. version of MAR (&#8220;U.K. MAR&#8221;) operates in parallel to the original E.U. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">version (&#8220;E.U. MAR&#8221;). Both E.U. MAR and U.K. MAR contains prohibitions on insider dealing, unlawful <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure of inside information and market manipulation, and provisions to prevent and detect these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">abuses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">U.K. MAR requires the U.K. Regulated Entities to monitor and identify potential market abuse and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">report any suspicions of market abuse to the FCA. Under U.K. MAR, the FCA may (i) impose an unlimited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fine on any person that engages in market abuse, or that has encouraged or required another person to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">do so; (ii) publish a statement of public censure; (iii) apply to the court for an injunction or restitution order; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or (iv) impose other administrative sanctions, such as carrying out on-site inspections and cancelling or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">suspending trading in financial instruments. The Financial Services and Markets Act 2023 confers new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rule-making powers on the FCA, including the power to make changes to the regulatory framework on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market abuse in the United Kingdom. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Criminal Justice Act 1993 also contains rules covering criminal penalties for insider dealing. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Financial Services Act 2012 contains criminal offenses for making false or misleading statements or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">creating a false or misleading impression in relation to relevant investments, including benchmarks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These offenses sit alongside the civil market abuse offenses in U.K. MAR, and the FCA is empowered to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prosecute both civil and criminal market abuse offenses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 202.77pt;">Prudential Capital and Liquidity Requirements<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 274.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Under the IFPR, we are subject to consolidated prudential supervision by the FCA. Generally, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">U.K. Regulated Entities are subject to the IFPR when their activities fall within the scope of MiFID II. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">U.K. Regulated Entities that fall within the scope of the IFPR must satisfy certain prudential capital and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity requirements, including the own funds requirements and the basic liquid assets requirement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital, liquidity and prudential governance requirements vary according to, among others, the scale and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nature of our business, an internal assessment of our requirements and additional requirements imposed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by the FCA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 83.33pt;">Resolution Powers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 155.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the United Kingdom, an investment firm may be subject to resolution or investment bank <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">special administration depending on its systemic importance and regulatory classification. Resolution <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules are included in the Banking Act 2009 and give authorities a wide range of powers to deal with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial institutions which, in general, are failing or are likely to fail. These powers include pre-insolvency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stabilization powers such as &#8220;bail in&#8221; (writing down the claims of the firm&#8217;s unsecured creditors, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holders of capital instruments, and converting those claims into equity), as well as the power to force the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">partial or full sale of an entity subject to resolution. Special administration powers apply at the point an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">entity becomes insolvent and allows special administrators to take control of the entity and apply certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measures such as transferring client money and assets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our business does not fall within the scope of special administration rules. However, as our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">systemic importance may change, it is possible that we become subject to resolution rules. Decisions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taken in the context of resolution or special administration may materially adversely affect investors in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">65<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Outside resolution, there are requirements for firms which hold client money. These requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are principally intended to ensure that client money is protected in the event of the firm&#8217;s insolvency. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Financial is also subject to specific client money rules relating to regulated clearing arrangements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 62.79pt;">Remuneration<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 134.79pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We must comply with the &#8220;basic&#8221; and &#8220;standard&#8221; remuneration requirements contained in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Senior Management Arrangements, Systems and Controls sourcebook (&#8220;SYSC&#8221;) 19G of the FCA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Handbook. The U.K. Regulated Entities are also required to comply with the &#8220;extended&#8221; remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements contained in SYSC 19G. SYSC 19G includes general requirements in relation to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration policy, governance and disclosure and specific requirements regarding the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements of individuals whose professional activities have a material impact on the firms&#8217; risk profiles. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our remuneration committee ensures that our remuneration policies and practices are consistent with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements of SYSC 19G. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 335.52pt;">Financial Services Compensation Scheme / Financial Ombudsman Scheme<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 407.52pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The U.K. Regulated Entities are within the scope of the U.K. Financial Services Compensation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Scheme (&#8220;FSCS&#8221;). In certain circumstances, the FSCS would provide compensation if those entities were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unable to satisfy the claims of their clients (for example, in the event of an entity&#8217;s insolvency). The U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities are required to pay an annual levy towards the FSCS, which is variable. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Financial Ombudsman Scheme (&#8220;FOS&#8221;) is an independent complaints resolution body which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">seeks to resolve disputes between consumers and financial services providers. While the U.K. Regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Entities are technically subject to the jurisdiction of the FOS, the FOS only considers complaints <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">presented by an &#8220;eligible complainant&#8221;. Because &#8220;eligible complainants&#8221; are broadly non-professional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">persons, we do not expect any of our clients to be &#8220;eligible complainants&#8221; for the purposes of the FOS. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 55.56pt;">Benchmarks<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 127.56pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Administering regulated benchmarks is a regulated activity under the U.K. Benchmarks <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulations (&#8220;U.K. BMR&#8221;). While we contribute to regulated benchmarks, we do not currently administer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any that are subject to the U.K. BMR. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI, MML, MSIL, XFA and MPR LLC are subject to significant regulation in the United States, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including requirements imposed by the CFTC, FINRA, the SEC, and the NFA. Certain U.S. Regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Entities are also subject to the requirements set forth by exchanges to which they hold a membership. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">See Item 4B. &#8220;Business Overview&#8212;Our Principal Services&#8212;Clearing.&#8221; These regulatory bodies and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges protect clients by imposing requirements on the U.S. Regulated Entities, including those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to capital adequacy, licensing of personnel, conduct of business, protection of client assets, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">record-keeping, trade-reporting and other matters. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The CFTC is responsible for enforcing the CEA. The CFTC has broad enforcement authority over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commodity futures and options contracts traded on regulated exchanges as well as other commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading in interstate commerce. The CEA also vests the CFTC with enforcement authority with respect to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fraud and manipulation involving cash market trading of commodities. MCMI, MML, MSIL, XFA and MPR <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LLC must comply with the requirements set out by the CEA, including, by way of example, minimum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial and reporting requirements, the establishment of risk management programs, use of segregated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts for client funds, maintenance of record-keeping measures and in particular, the requirement that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade execution and communications systems be able to handle anticipated present and future peak <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading volumes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI is regulated by the CFTC and NFA as a futures commission merchant and MML, MSIL, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">XFA and MPR LLC are each regulated by the NFA as an IB. The foregoing U.S. Regulated Entities are <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">66<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also subject to the rules and requirements of the exchanges to which they are members, as applicable. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The NFA has the power to search for and implement what it believes are best practices for the industry, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">create rules that its members must follow and impose fines or revoke the membership of its members. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The SEC is responsible for enforcing U.S. federal securities laws, including the Securities Act and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Exchange Act. The SEC has broad enforcement authority over public companies, investment firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and broker-dealers involved in issuing and transacting in securities on regulated exchanges and OTC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets. FINRA, a self-regulatory organization that operates under the oversight of the SEC, regulates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">member firms and is authorized to enforce disciplinary actions against member firms and registered <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">representatives who violate federal securities laws or FINRA&#8217;s rules. MCMI and XFA are regulated by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SEC, and MCMI is a FINRA member firm. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The U.S. securities industry is subject to extensive regulation under federal and state securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">laws. These laws and regulations include obligations relating to custody and management of client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assets, marketing activities, self-dealing and full disclosure of material conflicts of interest. They generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">grant the SEC and other supervisory bodies administrative powers to address non-compliance. The U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities must comply with a range of requirements imposed by the SEC, state securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commissions, the Municipal Securities Rulemaking Board (&#8220;MSRB&#8221;) and FINRA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">FINRA regulates trading in securities, including securities futures and options. All firms dealing in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities that are not regulated by another SRO, such as by the MSRB, are required to be member firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of FINRA. As part of its regulatory authority, FINRA periodically conducts regulatory exams of its regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">institutions. FINRA licenses individuals and admits firms to the industry, writes rules to govern their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behavior, examines them for regulatory compliance, and disciplines registered representatives and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">member firms that fail to comply with federal securities laws and FINRA&#8217;s rules and regulations.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 492.05pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 114.43pt;">Net Capital Requirements<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 186.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MSIL and the U.S. Regulated Entities are subject to net capital requirements as CFTC and NFA <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated entities. As an SEC registered broker-dealer and an NFA registered IB (and, in the case of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI, a Futures Commission Merchant under the CFTC&#8217;s and NFA&#8217;s rules), each of MCMI and XFA is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to minimum capital requirements under Section 4(f)(b) of the CEA, Part 1.17 of the rules and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations of the CFTC and the SEC Uniform Net Capital Rule 15c3-1 under the Exchange Act. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules specify the minimum amount of capital that must be available to support clients&#8217; open trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">positions. Net capital and the related net capital requirement may be subject to daily fluctuations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Failure to maintain the required net capital may subject each of the U.S. Regulated Entities to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">suspension or revocation of registration by the SEC, and suspension or expulsion by FINRA and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory bodies. They may also experience limitations on their activities, including suspension or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">revocation of their registration by the CFTC, suspension or expulsion by the NFA and various exchanges <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of which they are members, monetary fines, prohibition on conducting business and ultimately liquidation. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">France <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The framework for the regulation of financial services in France is set out in (i) the French <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Monetary and Financial Code (Code Mon&#233;taire et Financier) as well as other French codes and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legislation, (ii) the AMF General Regulation (R&#232;glement G&#233;n&#233;ral), supplemented by certain instructions, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">positions and recommendations, (iii) the E.U. regulatory framework, as may be directly applicable in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">France and (iv) case law and disciplinary sanctions from French courts, the ACPR and the AMF. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Firms that provide financial services in France must be authorized and regulated by the relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory authority, the AMF and/or the ACPR. Financial services firms are subject to supervision by one <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or both the AMF and the ACPR. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 236.01pt;">Entities Subject To the AMF and ACPR&#8217;s Supervision<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 308.01pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">67<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In France, we have three regulated entities: Marex SA and Arfinco SA, which each have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permission to carry on a range of investment services and activities, and Marex AIFM. Marex SA is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated and authorized by both the ACPR as an investment firm and the AMF as the operator of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OTF. Arfinco SA is regulated and authorized by the ACPR as an investment firm. Marex AIFM is regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and authorized by the AMF as an AIFM. The ACPR also supervises, on a consolidated basis, Marex SA&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parent company, Marex European Holdings Limited, which qualifies as an E.U. parent financial holding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company (compagnie holding d&#8217;investissement m&#232;re dans l&#8217;Union). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To authorize a person to carry on regulated activities in France, the ACPR must determine that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the applicant meets numerous regulatory requirements. The requirements are the minimum conditions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which must be satisfied (both at the time of authorization and on an ongoing basis) for a firm to gain and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continue to hold permission to carry on the relevant regulated activities in France. These conditions relate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to matters including: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the firm&#8217;s legal form and location of offices; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether the firm is capable of being effectively supervised by the ACPR; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether the firm has adequate resources (both financial and non-financial) to carry on its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">business; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether, considering all the circumstances (including whether the firm&#8217;s affairs are conducted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">soundly and prudently), the firm is a fit and proper person to conduct the relevant regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">activities; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether members of the firm&#8217;s governing body meet certain knowledge, experience, fitness <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">and propriety requirements, both individually and collectively, and also satisfy certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">availability requirements; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">whether managers of the firm&#8217;s key functions meet certain propriety, knowledge, experience <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">and fitness requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The authorization for operating a French OTF is granted by the AMF after consulting the ACPR. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Before granting a license to the operator of a trading venue, the AMF reviews the operator&#8217;s compliance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with the regulatory framework, approves the operating rules and grants a professional card to the persons <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in charge of certain control functions. The operator of the trading venue is also required to comply with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">AMF&#8217;s reporting obligations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 204.95pt;">AMF and ACPR Supervision and Enforcement<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 276.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The AMF and ACPR have a wide range of supervisory powers, including extensive powers to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intervene in the affairs of a regulated firm. The AMF and ACPR also have various disciplinary and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement powers, which include powers to (i) limit or withdraw a firm&#8217;s permissions; (ii) suspend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individuals from undertaking regulated activities; and (iii) fine, censure, or impose other sanctions on firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or individuals. The ACPR can formally investigate a firm, require firms to produce information or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">documents, or require a firm to comply with additional reporting duties. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The most material regulatory requirements which apply to Marex SA, Arfinco SA and Marex AIFM <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are listed below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 215.57pt;">Risk Management, Compliance and Governance<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 287.57pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex SA, Arfinco SA and Marex AIFM are required to have robust risk management, compliance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and governance processes so that they can be operated in accordance with the French regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">framework and with sound risk management processes. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">68<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain operations by Marex SA, Arfinco SA and Marex AIFM must be subject to, at a minimum, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ex-post notification to the ACPR or the AMF. In certain cases, such as changes to the firm&#8217;s capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structure, prior approval by the ACPR or the AMF is required. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 202.77pt;">Prudential Capital and Liquidity Requirements<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 274.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex SA is subject to prudential regulation in France. Accordingly, Marex SA is subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prudential supervision by the ACPR both individually, and on a consolidated basis with its parent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company, Marex European Holdings Limited. Generally, as with the U.K. Regulated Entities, Marex SA, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Arfinco SA and Marex AIFM are subject to prudential capital and liquidity requirements when their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">activities fall within the scope of MiFID II. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 83.33pt;">Resolution Powers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 155.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In France, an investment firm may be subject to resolution depending on its systemic importance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and regulatory classification. Resolution rules are set forth in the French Monetary and Financial Code <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and give the ACPR and its Resolution Committee a wide range of powers to deal with financial institutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which, in general, are failing or are likely to fail. These powers include pre-insolvency stabilization powers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such as &#8220;bail in,&#8221; as well as the power to force the partial or full sale of an entity subject to resolution. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 62.79pt;">Remuneration<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 134.79pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The AMF has incorporated the ESMA Guidelines on certain aspects of the MiFID II remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements (ESMA-35-43-3565 issued on April 3, 2023). The ESMA Guidelines aim to provide a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">common, uniform and consistent application of the MiFID II remuneration requirements and clarify the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">application of the governance requirements in the area of remuneration under MiFID II. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">European Union <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MSEL (and MSEL&#8217;s branches in Germany and Spain), the Italian branch of Marex Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(pursuant to the terms of Marex Financial&#8217;s Italian license to provide services in Italy on a cross-border <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis) and the Portuguese and Italian branches of Marex SA are authorized and regulated by the CBI, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FCA and the AMF/ACPR, respectively, making them subject to the regulation and rules of Ireland, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom and France, respectively. MSEL and Marex SA also passport their services into other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EEA states (as further described below), which brings them within the scope of the regulations and rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of those jurisdictions. The relevant E.U. regulatory requirements are listed below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 34.95pt;">MiFID II<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 106.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MiFID II governs the provision of investment services in financial instruments. It applies, among <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">others, to investment firms, wealth managers, broker-dealers and product manufacturers which are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorized to carry out certain investment services and activities. It also covers trading venues, market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operators, portfolio managers as well as third-country firms providing investment services in the European <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Union. MiFID II sets out requirements relating to client classification, management of conflicts of interest, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">best execution, governance, client order handling, suitability and appropriateness, outsourcing and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction disclosures and reporting. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">MSEL, Marex SA, Arfinco SA, Marex AIFM and Marex Financial are investment firms. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Authorization under MiFID II in one member state enables a firm to carry on certain investment activities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in other EEA states through passporting and without the requirement to obtain separate authorizations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">there. MSEL, Marex SA, Arfinco SA and Marex AIFM currently rely on passporting rights when <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undertaking cross-border activity in the European Union. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 112.22pt;">Market Abuse Regulation<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 184.22pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">69<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">E.U. MAR contains prohibitions on insider dealing, unlawful disclosure of inside information and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market manipulation, and provisions to prevent and detect these abuses. MAR requires the E.U. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulated Entities to monitor and identify potential market abuse and report any suspicions of market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">abuse to the relevant competent authority. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Under E.U. MAR, competent authorities may (i) impose an unlimited fine on any person that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">engages in market abuse, or that has encouraged or required another person to do so; (ii) publish a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement of public censure; (iii) apply to the court for an injunction or restitution order; or (iv) impose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other administrative sanctions, such as carrying out on-site inspections and cancelling or suspending <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading in financial instruments. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Market Abuse Directive on criminal sanctions for market abuse (Directive 2014/57/EU) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;MAD II&#8221;) complements MAR and sets out minimum requirements for criminal penalties for market abuse. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">MAD II has been transposed into national law in all E.U. countries except for Denmark. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The E.U. Listing Act package was published in the Official Journal on 14 November 2024 and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amongst other things makes amendments to E.U. MAR, representing the first substantive divergence <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between E.U. MAR and U.K. MAR in a variety of areas including: (i) the buy-back safe harbour; (ii) minor <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amendments to the definition of inside information; (iii) the format of certain insider lists for issuers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">admitted to trading on SME growth markets; (iv) market soundings; (v) PDMR transactions; and (vi) the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">public disclosure of inside information.&#160; Changes summarized in (i) to (v) were effective 4 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024, with changes summarized in (vi) effective 5 June 2026.&#160; Such divergence requires both us and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">persons trading in our securities that are in-scope of E.U. and/or U.K. MAR to be mindful of the applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regime and will likely increase legal and compliance costs for monitoring and implementing for two market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">abuse regimes, where formerly there was a single harmonized approach across the EU and UK.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 115.46pt;">CRD IV/CRR and IFD/IFR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 187.45999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The CRD IV and the Investment Firms Directive (Directive (EU) 2019/2034) and Regulation ((EU) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2019/2033) (&#8220;IFD&#8221; and &#8220;IFR&#8221;) set out the E.U. framework for the prudential regulation of investment firms. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Certain MiFID investment firms of systemic importance, particularly those with permissions relating to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">underwriting or dealing as principal, are subject to the provisions of CRD IV relating to prudential and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital standards. The prudential consolidation provisions of IFR (principally Article 7) apply to MSEL and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex European Holdings Limited, parent company of Marex SA, in its capacity as an E.U. parent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial holding company (compagnie holding d&#8217;investissement m&#232;re dans l&#8217;Union). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 60.52pt;">BRRD/SRMR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 132.52pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The BRRD regime, as copied in the Single Resolution Mechanism Regulation (&#8220;SRMR&#8221;) that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applies to jurisdictions within the E.U. Banking Union, gives regulators a wide range of powers to deal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with financial institutions which, in general, are failing or are likely to fail. These powers include pre-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">insolvency stabilization powers such as &#8220;bail in,&#8221; as well as the power to force the partial or full sale of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">entity subject to resolution. Where appropriate and permitted under the regime, regulators may also have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">powers in relation to other entities in the same group as the relevant financial institution. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">AIFMD<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 103.08pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Unless an exemption applies, AIFMD applies to all AIFMs that (i) are E.U. based, (ii) are non-E.U. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based and have E.U. domiciled AIFs, or (iii) have non-E.U. AIFs that market their units/shares within the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">European Union to European investors. AIFMD prescribes various rules on the authorization, capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements and conduct of business of fund managers, and the marketing of funds. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex AIFM is authorized under AIFMD to manage Marex Fund S.A. SICAV-RAIF and to perform <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain other investment services permitted under AIFMD. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">70<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes to AIFMD in the EU have been adopted and came into force in April 2024; however, EU <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Member States have two years after publication to transpose the rules into national law. This means the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes will apply from April 2026.&#160; While the Level 1 AIFMD 2 legislation has been published, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">supplementary Level 2 delegated acts, setting out the supporting detail, have not yet been published and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are expected throughout 2025. These changes could increase the compliance burdens on our AIFM and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">AIFs.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes to the UK&#8217;s version of the AIFMD regime are anticipated, with the UK&#8217;s Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Conduct Authority expected to consult on proposed amendments to AIFMD in the UK in 2025.&#160; This is as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a result of the so-called Edinburgh Reforms, where AIFMD in its current format in the UK will be repealed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at a future, to be determined date, and replaced with an updated UK regime.&#160; It is not yet clear as to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">potential direction of travel of any amendments to the UK AIFMD regime other than the FCA has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">previously expressed a preference to make it &#8220;more proportionate&#8221;.&#160; We expect the FCA to consult on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these changes in 2025, with any changes taking effect at a future, but as yet unknown, date.&#160; Despite not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">yet having visibility on the substance or scale of any amendment to the UK AIFMD regime, it is likely that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">it will result in material divergence between the UK and EU regimes, which may increase the compliance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">burden on, and associated costs to, our AIFM and AIFs, particularly where they market into the UK.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Asia <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); white-space: pre;">In Singapore, MSAPL engages in broking and is regulated and licensed by the MAS to carry on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">certain regulated financial business, including (i) as a local IB in respect of Marex Financial&#8217;s OTC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 327.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">derivatives products, (ii) to arrange trades locally in respect of Marex Financial&#8217;s structured notes, and (iii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">as a clearing broker (with clearing membership on the Singapore Exchange). MSAPL is subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">Singapore law and regulation when conducting its business, including the Securities and Futures Act and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 359.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">Regulations, and the Financial Advisors Act and Regulations<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 338.65pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">SEAPL engages in energy OTC broking. It operates in Singapore in reliance on an exemption <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the requirement to obtain a license from the MAS. Although SEAPL is not required to obtain a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">license from the MAS, it remains subject to certain aspects of Singapore law and regulation while <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conducting its business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In Hong Kong, MHKL and MFS HK conduct regulated financial business and are regulated by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SFC as IBs. MHKL and MFS HK are subject to Hong Kong law and regulation when conducting this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, including the Securities and Futures Ordinance. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 484.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 23.31pt;">DIFC<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 95.31pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the DIFC, MML conducts regulated financial business and is regulated by the DFSA as an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 518.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorized firm<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.1pt; position: var(--position); text-decoration: none; white-space: pre;">. MML must adhere to various obligations, including: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">obtaining the appropriate license from the DFSA to operate in the DIFC; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">meeting specific requirements, including maintaining adequate capital; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">observing the conduct of business rules, which cover disclosure requirements and prevention <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">of market abuse; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">upholding robust anti-money laundering and counter-terrorist financing measures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">effective sanctions processes; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">ensuring effective risk management and ongoing compliance with the DFSA regulations; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">submitting regular financial reports and other necessary disclosures to the DFSA; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">following good corporate governance practices. Non-compliance can result in penalties and/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">or the revocation of the authorized firm&#8217;s license. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">71<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">MML and Marex SA Dubai must also comply with applicable laws in the DIFC, including UAE <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">federal criminal law. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Australia <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In Australia, MAPL and MF conduct regulated financial business and are regulated by ASIC as an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Australian Financial Services (&#8220;AFS&#8221;) Licensee and Foreign Company (Overseas) AFS Licensee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respectively. MAPL and MF are subject to Australian law and regulation when conducting their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">businesses, including a statutory obligation to provide efficient, honest and fair financial services. MAPL&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">obligations as an Australian Financial Services Licensee include: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the competence, knowledge and skills of MAPL&#8217;s responsible managers; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the training and competence of MAPL&#8217;s financial advisers and authorized representatives; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">ensuring MAPL&#8217;s financial advisers and authorized representatives comply with the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">services laws; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">compliance, managing conflicts of interest and risk management; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the adequacy of financial, technological and human resources; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">base level financial and audit requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Anti-money Laundering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our U.K. and European entities are subject to statutory and regulatory requirements concerning <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationships with clients and the review and monitoring of their transactions. Regulated firms in both the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom and in the European Union must have robust governance, effective risk procedures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adequate internal control mechanisms to manage the exposure to financial crime risk. The measures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require the U.K. and E.U. entities to verify client identity and understand the nature and purpose of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proposed relationship on the basis of documents, data or information obtained from a reliable and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independent source; and review and monitor their client&#8217;s transactions and activities to identify anything <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">suspicious. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our U.K. and E.U. entities take a risk-based approach and senior management are responsible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for addressing these risks. There is a requirement to regularly identify and assess the exposure to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial crime risk and report to the governing body on the same. This enables the targeting of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">crime resources on the areas of greatest risk. Procedures in the United Kingdom and European Union are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on guidance and requirements issued both at a national and supranational level. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The FCA and the financial supervisory authorities in the European Union require our entities to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have systems and controls in place to enable them to identify, assess, monitor and manage financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">crime risk. Accordingly, we have implemented appropriate systems and controls which are proportionate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the nature, scale and complexity of our activities. We provide relevant training to our employees in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relation to financial crime. As required, our Money Laundering Reporting Officer, supported by regional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance functions with financial crime responsibilities, provides regular reports to the Audit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Compliance Committee on the operation and effectiveness of these systems and controls, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">details of our regular assessments of the adequacy of these systems and controls to ensure their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance with the local regulatory requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to similar anti-money laundering obligations to those described above in relation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the United States, United Kingdom and European Union for our subsidiaries that are regulated outside <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of those jurisdictions. Where such obligations exist, we put in place appropriate systems, controls and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">training to ensure we operate in line with requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">72<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Data Privacy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Because we handle, collect, store, receive, transmit and otherwise process certain Personal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Information of our clients and employees, we are subject to federal, state, local and international laws <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related to the processing, privacy and protection of such data, including the GLBA and the CCPA in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States, and in Europe, the E.U. GDPR and the U.K. GDPR. Any significant changes to applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Privacy Requirements or regarding the manner in which we seek to comply with applicable Privacy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Requirements, could require us to make modifications to our products, services, policies, procedures, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notices, and business practices, including potentially material changes. Such changes could potentially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have an adverse impact on our business. Please see Item 3D. &#8220;Risk Factors&#8212; Any actual or perceived <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">failure to comply with laws, regulations, and other requirements relating to data privacy, security, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">processing of Personal Information and cross-border data transfer restrictions could adversely affect our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business, including through increased costs, legal claims, fines or reputational damage&#8221; for further details. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intellectual Property <span style="display: inline-block; height: 8.73pt;"></span><span id="ibc0bca3f19ad4b6991422ad5f3ad7746"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our key trademarks include MAREX and NEON. We seek to register our key trademarks in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">countries where we operate or intend to operate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We also hold a portfolio of domain name registrations including www.marex.com, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">www.marexspectron.com and www.marexsolutions.com. Our websites are supported and managed by a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">third-party service provider and hosted on our server. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have proprietary rights in certain data analytics and technology systems. These include our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Neon trading and risk platform and AGILE, the commodity solutions platforms used by Marex Solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Marex Financial. We also license technology and software from third parties to manage and operate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aspects of our business and use open-source software where we believe it is appropriate. Although we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe these licenses are sufficient for the operation of our business, these licenses are typically limited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to specific uses and for limited time periods. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We sometimes engage third parties to develop processes, techniques, technology or other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intellectual property on our behalf. As a matter of general practice, our contracts with such third parties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide for the assignment of the intellectual property in such developments to Marex or the grant of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">license to use such intellectual property in our business. Our employees and direct contractors who are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">involved in the development of our intellectual property and technology are generally contractually <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required both to transfer the intellectual property in such developments to us and to maintain the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">confidentiality of our non-public proprietary information. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 516.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainability<span style="display: inline-block; height: 8.73pt;"></span><span id="ia14b005b1d1c44d1bacb72a320498146"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 142.65pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sustainability is an important part of both our business strategy and our approach to risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In recent years, we have developed environmental offerings to support those clients as they <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transition to a low carbon economy. We connect interested clients to environmental markets through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extensive coverage of clean energy, biofuels, recycled metals and carbon management, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance and voluntary markets. We believe that the markets for these products will continue to grow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">given the focus of many governments and businesses, including many of our clients, in adopting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decarbonization goals and increasing the focus on acting sustainably. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Since 2020, we have embarked on our sustainability journey. In 2024, we remain focused on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approach to sustainability, which is underpinned by our People &amp; Planet Plan. We seek to foster work <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">environments where talent can thrive, as well as supporting the global green transition and reducing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex&#8217;s own carbon footprint. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">73<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our People &amp; Planet Plan sets out four key sustainability goals and the underlying measures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">used to monitor our progress:&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 105pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">People<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 127pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Goal 1: Create an environment that is inclusive so that we can recruit and retain the best <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 139pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">talent. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 161pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Goal 2: Play an active role in growing awareness of opportunities in our industry to broaden <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 173pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the talent pool. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Goal 3: Become a go-to provider of environmental commodities, adapting to our clients&#8217; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">growing decarbonization needs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 229pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Goal 4: Become a net-zero business by 2050, by reducing our environmental impact and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">carbon footprint and offsetting unavoidable emissions, we are unable to reduce using credible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 253pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">and verified sources. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our activity is underpinned by strong governance, policies and procedures to manage risks and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">opportunities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 309pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">People <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 331pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have a strong culture and deeply value respect, integrity and development. Our people pillar <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 343pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is comprised of two goals: ensuring we build a team of talented individuals and empowering our team to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 355pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">drive our ambition for change across the business. We track our progress in this area by measuring <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 367pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employee engagement using the Peakon methodology. From 2019 to 2024, these employee engagement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 379pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scores have remained stable, even through transformational acquisitions. Our staff turnover is also below <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the industry average reported in the Payscale 2024 Compensation Best Practices report. In addition, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offer a comprehensive suite of well-being services that incorporate support for physical and mental health, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including 24/7 access to counselling and emotional support. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We created a DE&amp;I Steering Group and established a cadence of regular events to celebrate and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">encourage diversity across our operations. A 12-month pilot mentoring program ran until June 2024 to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">develop our pipeline of high performing women within the firm. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 483pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We actively promote awareness of our sector with the future workforce and seek to improve <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 495pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">perceptions of the industry by engaging with local schools. In 2024, Marex volunteers in London <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 507pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">supported a total of 275 students from various backgrounds through career coaching and a range of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 519pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bespoke events, including a &#8220;World of Work Day&#8221; and school talks through a charitable partnership with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 531pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Future Frontiers.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 553pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Employees also contribute to charities that are meaningful to them and Marex matches these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 565pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">donations through its charity matching policy. In the years ended December 31, 2024 and 2023, Marex <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 577pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">donated $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.46000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">376,955<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 152.59pt; position: var(--position); text-decoration: none; white-space: pre;"> and $470,419, respectively, to charities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 599pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Planet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 621pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have two focus areas in managing our environmental impact: playing a leading role in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 633pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">environmental markets to help clients meet their sustainability goals and reducing our own environmental <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 645pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">footprint. We seek to be a part of the transition to a low carbon economy by using our experienced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 657pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position across the broader energy, commodities and financial markets to connect clients to voluntary and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 669pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulated environmental markets across the globe. We do so by introducing new environmental products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 681pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and extending our geographic coverage, helping clients navigate the opportunities and risks of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 693pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transition from both a local and global perspective. We have over 50 environmental products and services <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 705pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">covering our client&#8217;s clean energy, renewable fuels, emissions management and recycled metals needs. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">74<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">By working in both traditional and green industries and facilitating and innovating in these markets, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believe we are well placed to work beyond market silos to make a difference to the sustainability of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">energy, commodity and financial markets and support the green transition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2024, our environmental business continued to grow with revenues of $66.1m, an increase of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">42% compared to 2023. This is 4% of our revenue and represents a clear opportunity for growth in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">coming years. We saw organic growth in the fast-growing renewable fuels, renewable energy and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recycled metals markets whilst we positioned ourselves for growth as carbon markets increasingly move <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">towards regulated mechanisms. We also continued to invest in our environmental capabilities. On <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">October 1, we acquired Dropet, a Spanish biofuels company, expanding the range of our biofuels offering. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We also made an investment in Key Carbon, which sources and finances carbon credit projects, giving us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">access to a wider client base and access to high integrity carbon credits. Elsewhere in the carbon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">markets, our office in New Zealand, which opened in July, brought new customers and greater access to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the country&#8217;s compliance market.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are focused on helping our clients and global economies achieve their decarbonization <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">objectives. For instance, we are involved in developing Power Purchase Agreements, Renewable Energy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Certificates and European Carbon Allowances. As a technology-enabled business, we aim to find ways to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">integrate technology to help accelerate the lower carbon transition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As well as providing connectivity to clients in the carbon markets, we are active in carbon offset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">origination through our partnerships with strong organisations, including Key Carbon since 2024. Key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operational support so that its projects are held to high quality and integrity standards. The funding from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex is planned to predominantly be used to help finance the production and distribution of low-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon&#8217;s joint venture with BURN Manufacturing. We also continue to partner with the Global Mangrove <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trust, OxCarbon (a not-for-profit spinout from the University of Oxford), Kumi Analytics and other key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stakeholders to continue to develop scalable, verifiable and high-integrity carbon offset methodologies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">using satellite technology, while preserving and restoring mangrove forests in Southeast Asia, which have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a number of highly beneficial environmental and social impacts. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We recognize the importance of an industry-wide shift, including by contributing to the dialogue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with trade organizations. Marex is a founding sponsor of the Oxford Program on the Sustainable Future of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital Intensive Industries, which is a multi-year research program at the Smith School of Enterprise and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Environment at the University of Oxford. The program focuses on the ways that capital-intensive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">industries, such as mining, oil and gas, infrastructure and construction, can better support current global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">environmental challenges, including the role of commodity derivatives markets and technology in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">advancing social objectives. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As we support our clients in the green transition, we recognise our responsibility to address our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own environmental footprint. Over 2024, we took significant steps to build the capabilities, data and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">processes that will allow us to transition to a net-zero business by 2050 or sooner. After introducing a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability platform in 2023 to automate the collection, storage and reporting of emissions data, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">saw us further strengthening our data collection and establishing quarterly internal reporting processes.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex remains focused on improving energy efficiency across the Group and aims to become <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">net-zero by 2050 or earlier. As part of the transition plan, our future objective is to drive down GHG <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">emissions as much as possible and offset residual emissions using carbon offsets. However, in the near <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">term, we aim to offset our Scope 1 and 2 emissions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.97pt; position: var(--position); text-decoration: none; white-space: pre;"> so that these offsets are credible and verifiable. They <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are purchased from the 001&#8211;OxC &#8211; The Global Mangrove Trust restoration and conservation project in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">North Sumatra.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.75pt; position: var(--position); text-decoration: none; white-space: pre;"> Marex has helped establish this project and working in partnership with the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mangrove Trust, OxCarbon and Kumi Analytics to develop a credible, verifiable carbon sequestration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">methodology using remote, satellite-based verification (the &#8220;OxCarbon Standard&#8221;). We used carbon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credits from this project to offset Marex&#8217;s Scope 1 and 2 emissions since 2022 and will continue to do so <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">75<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in 2025. The Global Mangrove Trust project provides Marex, our clients and the wider market with an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">inventory of high-quality carbon offsets, verified and issued under the OxCarbon Standard.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">During 2024, the Group has enhanced its process and undertaken various sustainability initiatives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regarding Scope 1 and 2 methodology and reporting. We continue to implement the recommendations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from our UK Energy Savings Opportunities Scheme (ESOS) report, for example by rolling out LED <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lighting across all offices. The majority of our office estate is leased and when we sign a lease on a new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">building, or renew an existing lease, we put sustainability at the forefront of our considerations. As a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result, we have contracted to have 100% renewable electricity use at our Bishopsgate HQ in the City of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">London, and our Asia Square office in Singapore has a US Green Building Council LEED Platinum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certification and currently the largest photovoltaic installation (224 KWH peak) in the City&#8217;s Central <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Business District.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As an acquisitive business, the Group's property footprint is closely monitored to drive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">efficiencies. Sustainability is a key factor whilst securing these efficiencies, buildings are consolidated and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transitioned to more modern and environmentally efficient buildings insofar. During 2024, we took steps to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consolidate our Chicago and Hong Kong offices.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Scope 3 emissions strategy continues to develop and we do not currently report Scope 3 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">emissions externally. During 2024, the Group took steps to further develop our Scope 3 strategy and we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been onboarding data in specific categories. Our focus for 2025 will build on the work conducted in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024, both to continue to onboard data and to identify which of the 15 categories of Scope 3 emissions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the Greenhouse Gas Protocol are either <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.31pt; position: var(--position); text-decoration: none; white-space: pre;">significant, materia<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 363.62pt; position: var(--position); text-decoration: none; white-space: pre;">l or relevant to our business and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consider how to report against them. We then aim to build a baseline of our most significant upstream and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">downstream emissions categories.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We remain focused on reaching net zero by 2050 or sooner, and we have invested in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sustainability data management tools, team resources and training to allow us to create a detailed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transition plan in the years ahead. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="ie9a4f313be1045ad8ba788acf083788e"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Organizational<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 177.38pt; position: var(--position); text-decoration: none; white-space: pre;"> Structure<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The legal name of our company is Marex Group plc (the &#8216;Company&#8217;) which is incorporated in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">England and Wales under the UK Companies Act. The Company is the parent company of a number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries held directly and indirectly which operate and are incorporated around the world. All of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company&#8217;s subsidiaries are all, directly or indirectly, owned by the Company. See the Subsidiaries of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company included as Exhibit 8.1 to this Annual Report for a list of significant subsidiaries.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="i118bbd22f61f40268f79e0f1b5f5f60d"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Property, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 154.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plant<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 179.05pt; position: var(--position); text-decoration: none; white-space: pre;"> and Equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We lease our principal properties, which are used as office space. Our global headquarters are in London, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 547.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom and consist of approximately 75,000 square feet of space leased through 2035. We also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lease some additional shorter term swing space in the building.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our material leases globally are listed in the table below. This includes all locations where we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 591.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occupy 20,000 sq ft or more in aggregate: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 613.6pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 249pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 63pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 249pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Property Name<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 0pt; width: 36pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sq Ft<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 0pt; width: 48pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">City<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 0pt; width: 63pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Occupancy Type<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 0pt; width: 75.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease end Date<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">155 Bishopsgate, London EC2M 3TQ, level 2<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 11.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">10,050<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 11.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">London<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 11.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 11.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">August 11, 2028<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 23.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">155 Bishopsgate, London EC2M 3TQ, level 3<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 23.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">20,857<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 23.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">London<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 23.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 23.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">October 30, 2035<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 35.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">155 Bishopsgate, London EC2M 3TQ, level 4<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 35.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">16,813<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 35.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">London<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 35.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 35.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">October 30, 2035<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 47.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">155 Bishopsgate, London EC2M 3TQ, level 5<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 47.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">37,355<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 47.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">London<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 47.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 47.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">October 30, 2035<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">155 Bishopsgate, London EC2M 3TQ, level 8<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 59.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">19,084<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 59.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">London<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 59.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 59.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">August 1, 2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 21.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">42 Rue Washington and 29 Rue de Berri, Floors 1 &amp; 5, 1st &amp; 4th <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.23pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Basement<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 71.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">21,273<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 71.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Paris<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 71.25pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 71.25pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">January 10, 2033<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 299.33pt; position: var(--position); white-space: pre;">76<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 249pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 63pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75.75pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">222 W. Adams St, Suite 450, Chicago, Illinois 60606<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 0pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">21,580<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 0pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chicago<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 0pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 0pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2029<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 21.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 249pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">140 E 45th St 10th &amp; 11th Floor, 2 Grand Central Tower, New York <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.23pt; width: 249pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">10017<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249pt; position: var(--position); top: 12pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">25,058<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285pt; position: var(--position); top: 12pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">New York<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 333pt; position: var(--position); top: 12pt; width: 63pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leased<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 396pt; position: var(--position); top: 12pt; width: 75.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 75.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">July 31, 2030<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 116.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMEA<span style="display: inline-block; height: 7.28pt;"></span><span id="i8b924c8d8cb34ed19a0ea263c3b655b2"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our principal EMEA region offices are located in London and Paris as shown in the table above.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Americas<span style="display: inline-block; height: 7.28pt;"></span><span id="i1c9c416d9c8f4b80a1d3111f2e139924"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our principal Americas offices are located in New-York and Chicago as shown in the table above.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">APAC<span style="display: inline-block; height: 7.28pt;"></span><span id="i3246be5a348b4c91b0900a111d5f14e5"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 225.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our principal APAC offices are located in Hong Kong, Singapore and Sydney and consist of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 237.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate of approximately 23,000 square feet of leased office space. In 2024, we successfully <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 249.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consolidated our 4 historical Hong Kong offices into one to increase operational efficiency. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 271.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other Locations<span style="display: inline-block; height: 7.28pt;"></span><span id="i90b4eb1fd9834b43b4c2650050dbfc06"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 293.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We also lease other space across the EMEA, Americas and APAC regions consisting of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 305.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approximately 95,000 square feet across 37 properties.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">These facilities accommodate our principal executive offices. We proactively re-evaluate our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">office needs and we believe that our facilities are adequate to meet our needs for the immediate future, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 349.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and that, should it be needed, suitable additional space will be available to accommodate any expansion <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 361.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our operations.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For a breakdown of total revenues by category of activity and geographic market for each of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">last three financial years, see Note 5 to our consolidated financial statements included elsewhere in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 428.75pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1939"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 428.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 4A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i843c0efcb89c487d86c1c449e34a5c51"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Unresolved Staff Comments<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">None.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">77<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1962"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">Item 5.<span style="display: inline-block; height: 7.28pt;"></span><span id="i85e47791e4d34ef7a94c300a887086a5"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 153.06pt; position: var(--position); text-decoration: none; white-space: pre;">Operating and Financial Review and Prospects<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 404.73pt;">You should read the following discussion of our operating and financial review and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.77pt;">prospects in conjunction with our consolidated financial statements and the related notes included<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.98pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 143.87pt;">elsewhere in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 243.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 404.72pt;">This discussion contains forward-looking statements and involves numerous risks and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.9300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.79pt;">uncertainties, including, but not limited to, those described in the &#8220;Risk Factors&#8221; section of this<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.76pt;">Annual Report. See &#8220;Cautionary Statement Regarding Forward-Looking Statements.&#8221; Our actual<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 377.7pt;">results could differ materially from those contained in any forward-looking statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 404.7pt;">The information relating to a discussion of the year ended December 31, 2022 compared to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.91pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.74pt;">the year ended December 31, 2023, as set forth under the heading &#8220;Management&#8217;s discussion and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.69pt;">analysis of financial condition and results of operations&#8221;&#160; as described in our final prospectus filed<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.9pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 406.58pt;">with the SEC on October 31, 2024, pursuant to Rule 424(b)(4), is incorporated by reference.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Overview <span style="display: inline-block; height: 8.73pt;"></span><span id="ide0f0844771c44c2b7a6ddd64ddffa40"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Marex is a diversified global financial services platform providing essential liquidity, market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">access and infrastructure services to clients across energy, commodities and financial markets. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">provide critical services to our clients by connecting them to global exchanges and providing a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">range of execution and hedging services across a range of our asset and product classes. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">operate in a large and fragmented market with significant infrastructure requirements and regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and technological complexity, resulting in high barriers to entry. Moreover, our market is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">characterized by reduced competitive intensity as we believe many large banks and other financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">institutions have reduced their participation in this part of the financial ecosystem. We consider <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">these trends to elevate our value proposition and support our growth, as the scale and diversity of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our business enable us to effectively service an underserved and growing global client base. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our business is organized into four closely connected services, which combine to provide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our clients with access to the full value chain in our industry from clearing to execution. Clearing is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">at the heart of our business, providing the infrastructure that connects clients to global exchanges. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">We also offer clients access to deep liquidity pools both on an agency and principal basis across a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">range of different commodities and financial markets, including metals, agriculture, energy, equities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and fixed income. If there is no on-exchange solution that meets a client&#8217;s needs, we can create <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">bespoke, off-exchange hedging solutions. Our services are characterized by a deep understanding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of products, markets and clients&#8217; needs. Our five segments, which consist of our four reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">business segments&#8212;Clearing, Agency and Execution, Market Making and Hedging and Investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions&#8212;and our Corporate reporting segment, are: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: underline; white-space: pre;">Clearing:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 193.21pt; position: var(--position); text-decoration: none; white-space: pre;"> Clearing is the interface between exchanges and clients. We provide the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">connectivity that allows our clients access to exchanges and central clearing houses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">As clearing members, we act as principal on behalf of our clients and generate revenue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">on a commission per trade basis. We provide clearing services across energy, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">commodities and financial securities markets in Europe and the Americas and have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">growing capabilities in APAC. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: underline; white-space: pre;">Agency and&#160;Execution:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.43pt; position: var(--position); text-decoration: none; white-space: pre;"> Utilizing our deep market knowledge, we are able to match <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">buyers and sellers by facilitating price discovery across a broad range of commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">and financial markets. Our Agency and Execution business primarily generates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">revenue on a commission per trade basis without material credit or market risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">exposure. In addition to listed products that trade directly on exchanges, many of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">markets are traded on an OTC basis. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">78<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: underline; white-space: pre;">Market Making:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.53pt; position: var(--position); text-decoration: none; white-space: pre;"> We act as principal to provide direct market pricing to professional and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">wholesale counterparties in a variety of commodity and securities markets. Our Market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">Making business primarily generates revenue through charging a spread between <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">buying and selling prices, without taking significant proprietary risk. Our Market Making <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">operations are well diversified across geographies and asset classes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: underline; white-space: pre;">Hedging and Investment Solutions:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 308.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> We offer bespoke hedging and investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">solutions for our clients and generate revenue through a return built into our product <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">pricing. Tailored hedging solutions allow producers and consumers of commodities to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">hedge their exposure to movements in market prices, as well as exchange rates, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">across a variety of different time horizons.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: underline; white-space: pre;">Corporate:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 200.43pt; position: var(--position); text-decoration: none; white-space: pre;"> Our Corporate segment provides key services to our other business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">segments. Corporate (i) houses our control and support functions: finance, treasury, IT, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">risk, compliance, legal, human resources and executive management to support the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">operating segments; (ii) manages our resources, makes investment decisions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">provides operational support to our other business segments and manages our funding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">requirements; and (iii) includes interest income that we receive from interest on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">house cash balances. The adjusted profit before tax from our Corporate segment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">includes expenses related to costs of the functions that are not recovered by our other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">operating segments and corporate costs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Recent Developments <span style="display: inline-block; height: 7.28pt;"></span><span id="i63aa6cbcb3ec4b4f834a84769cf17c5c"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 103.19999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">a) Interim dividend<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 376.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The Group approved the payment of a dividend of $0.14 per share to be paid on March 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 388.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2025, to the shareholders on record at the close of business on March 17, 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 410.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Acquisition of Aarna Capital Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">On October 2, 2024, the Group announced the acquisition of Aarna Capital Limited to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">strengthen the Clearing business and expand operations in the Middle East. This strategic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">investment is expected to enhance the regional client footprint and service capabilities. Regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">approvals are progressing with final due diligence, with completion expected in Q2 2025.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 490.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Acquisition of Hamilton Court Group<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 512.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">On October 9, 2024, the Group announced that it had agreed terms to acquire Hamilton <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Court Group to expand the Group&#8217;s foreign exchange services. The acquisition is consistent with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the strategy to bring in new clients and new capabilities onto its platform. The acquisition is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">progressing, with regulatory approvals and due diligence being completed and is expected to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 560.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">complete in Q2 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 582.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Key Factors Affecting <span style="display: inline-block; height: 7.28pt;"></span><span id="i64c545c42ce64500818018b0bef750de"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 205.26pt; position: var(--position); text-decoration: none; white-space: pre;">Our<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 223.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> Performance and the Comparability of Our Financial Results <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Volatility in Commodity Prices and General Economic Activity Levels <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We generate revenue primarily from commissions and the spreads we make facilitating and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">executing client orders as part of our Clearing, Agency and Execution, Market Making and Hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and Investment Solutions businesses. These revenue sources depend substantially on client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">trading volumes and commodity pricing levels, which are affected by a wide range of factors, many <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of which are beyond our control. These factors include volatility and pricing levels in commodities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">currency, securities and other markets and inflation rates and general economic conditions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">developments. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">79<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">High volatility and rising commodity prices generally increase trading activity, whereas low <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">volatility and declining commodity pricing levels generally reduce trading activity and our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commission revenue. Reductions in economic activity and growth levels, particularly in emerging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">markets, also reduce trading activity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Geopolitical developments, including, but not limited to, the imposition of sanctions, tariffs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">or embargoes against a specific country or parties, civil unrest, terrorist activity, domestic military <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">intervention or revolution and international armed conflicts, impact the production, availability and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">cost of certain commodities from time to time and can cause substantial volatility in related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commodity prices. For example, in 2022, the energy, grain and metals markets experienced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">significant volatility due to Russia&#8217;s invasion of Ukraine. Energy markets in particular were affected <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">by the extensive sanctions that the United States, the European Union, the United Kingdom and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">others imposed on Russia and certain Russian government officials, private individuals and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Russian companies. In 2021, Russia accounted for 45% of all coal imports by value and 25% of all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">petroleum oil imports by value into the European Union, as compared to 21% and 17%, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">respectively, for 2022. Following the introduction of sanctions on Russian oil and coal exports, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">price of oil, gas and coal increased. Given Ukraine is a large producer of grain for global markets, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the disruption of trade flows caused by the Russian invasion also significantly impacted activity in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the agricultural markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Russia&#8217;s invasion of Ukraine also disrupted metal production, including nickel, palladium <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and raw aluminum, leading to price increases across all three commodities. Nickel market prices <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">doubled to more than $100,000 per ton on March 8, 2022, which led the LME to temporarily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">suspend trading in nickel. This significant increase in volatility resulted in increased client activity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and higher revenue in our Market Making and Clearing businesses, particularly in the first half of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2022. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">A reduction in the production or availability, or increase in the cost, of relevant commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(or a market perception that changes with respect to these factors has or may become likely) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">generally results in increased volatility. In the short term, higher volatility generally leads to an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increase in commodities trading volumes and commissions for our business. However, if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">geopolitical developments impact production or the availability of a relevant commodity for an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">extended period, trading volumes may be reduced. Lower volumes of associated economic activity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">could also adversely impact our financial performance. The impact of any significant increase in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">volatility or disruption in commodity markets is seen most notably in our Market Making business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">For example, trading volumes in our Market Making business increased approximately 30% year-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on-year in 2022, with higher levels of client activity in both energy and metals markets caused by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Russia&#8217;s invasion of Ukraine and the nickel market as described above, which more than offset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">lower trading volumes in the agricultural markets due to supply disruptions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">There are generally fewer providers of liquidity during periods of volatility, which leads to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">wider bid-offer spreads and increased commodity hedging. These conditions present us with an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">opportunity to increase our trading volumes and revenue in our Market Making business. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing, increased client trading volumes generally translate to higher commission revenue. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Expansion and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 173.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidation<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 239.59999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> through Acquisitions and Investments in New Capabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We have expanded our business substantially through acquisitions and investments in new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">capabilities. As a result, we have extended both our product coverage and geographic footprint and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">substantially increased the scale and scope of our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Industry Competition and Employee Compensation <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">80<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The success of our business depends upon our ability to offer competitive products and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">services, which is underpinned by having a strong employee base, including front-office staff, who <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">help to provide our competitive products and services to our growing client base. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Interest Income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">As part of our Clearing and Hedging and Investment Solutions businesses, we maintain large cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 151.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and financial instrument (including Treasury Bills) balances on behalf of clients with exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing Houses, brokers and banks. We also maintain our own cash balances. We earn interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 173.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on these balances and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 202.56pt; position: var(--position); white-space: pre;">do not pay interest on all client balances<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 380.32pt; position: var(--position); text-decoration: none; white-space: pre;">. Accordingly, we are generally able <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 184.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">to retain a significant portion of the interest we earn on such balances. Because of the size of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">cash and holdings of investable securities, movements in interest rates can have a significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">impact on our results of operations and financial condition.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rates may change for a variety of reasons, including external factors outside of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">control, such as government macroeconomic policies and responses to levels of inflation. If interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">rates fall in future periods, our NII will likely decrease. Although we share interest income with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">certain clients, we generally retain a significant portion of the interest we earn. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 445.22999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">As a result, lower <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">interest rates would negatively impact our NII. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Climate Change <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We provide liquidity to and match counterparties across key energy markets, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">crude oil, residual fuel oil, middle distillates, naphtha and gasoline, as part of our Agency and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Execution and Market Making businesses. Changes in laws, regulations, policies, social attitudes, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">client preferences, market dynamics and technological developments and innovations relating to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">climate change and the transition to a lower carbon economy have decreased the demand, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">therefore size, of the markets for certain energy products where we have historically had significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">market shares (such as fuel oil). However, such changes have also created opportunities for us to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">expand into and capture market share in new energy products (such as renewables). The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">development and creation of new energy products are less predictable (such as wind power), which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">may lead to increased levels of volatility. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We have a significant presence in the global agricultural markets, with established teams in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">London, New York and Chicago that broker and trade agricultural products, including coffee, cotton, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">cocoa, dairy, forestry, grains and oil seeds, livestock and sugar. As a result, the physical impacts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">climate change and climate change-driven severe weather events have had, and are expected to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">continue to have, a direct impact on trading volumes in certain products. For example, activity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">levels in the cocoa, coffee, sugar and grain commodity markets have been impacted by severe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">weather exacerbated by climate change. In particular, drought has impacted the volume of grain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">production in Ukraine in recent years, which in turn has reduced volumes of grain in the market. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Reduced volumes in Ukrainian grains and other impacted commodities have led to an increase in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">hedging activity by market participants and increased our revenue. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We report our financial results in U.S. dollars. However, a significant proportion, particularly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">prior to our acquisition of ED&amp;F Man Capital Markets, of our costs were and are incurred, and a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">proportion of our trading activity is conducted, in currencies other than the U.S. dollar. Our results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">operations and financial condition may therefore be significantly affected by movements in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">exchange rates between the U.S. dollar and other currencies, particularly the Pound Sterling and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Euro. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">As we have extensive operations in the United Kingdom, including significant back-office <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and other support staff and lease obligations for office space, any appreciation in the Pound <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Sterling against the U.S. dollar would increase our reported expense levels. As our levels of <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">81<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commissions earned are tied to the volume and pricing levels of commodities traded, any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">appreciation in the Euro against the U.S. dollar would lead to an increase in the level of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">reported commissions from trading activity in commodities priced in Euro. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">To minimize our exposure to exchange rate volatility, we use foreign exchange forward <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">contracts to hedge our material future dated Pound Sterling commitments. These foreign exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">forward contracts are designated as cash flow hedges and have terms that do not exceed 12 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">months.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Regulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We operate in highly regulated jurisdictions and industries. Applicable regulations influence <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the type of products we may offer clients, and, therefore, these regulations have a significant effect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on our revenue and profitability. Our business is subject to direct and indirect regulation by a variety <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of regulators in multiple jurisdictions, including the FCA in the United Kingdom, the CFTC, NFA, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">SEC and FINRA in the United States and the AMF and the ACPR in France. See Item 4B. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Business Overview&#8212;Regulation.&#8221; We are required to meet capital adequacy tests in certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions to ensure that we have sufficient capital to mitigate risks from market movements and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">client and counterparty default. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In recent years, and most recently due to the COVID-19 pandemic and Brexit, regulators <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">have developed new regulations and other reforms designed to strengthen the financial system and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">improve the operation of global financial markets. These regulations have impacted the way we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">conduct our business. For example, under the IFPR, a prudential regime for U.K.-authorized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">investment firms, we are subject to consolidated prudential supervision by the FCA. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">To ensure regulatory compliance, we have invested, and expect to continue to invest, in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">compliance and legal functions. We are also subject to routine and ad hoc internal and external <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory inquiries and investigations. Additional regulation, inquiries or changes in rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">promulgated by the authorities and regulators that oversee our business may also increase our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">compliance costs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Applicable regulations also influence the behavior of our clients. In recent years, regulators <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">have generally tightened the capital, leverage and liquidity requirements of commercial and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">investment banks and taken steps to limit or separate their activities to reduce systemic and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">contagion risk. The volumes of transactions our clients conduct with commercial and investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">banks may be affected by their reactions to any such regulatory changes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Components<span style="display: inline-block; height: 7.28pt;"></span><span id="i8dfe533cfc084f4eac118cd4c1fdad22"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 160.26999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> of Results of Operations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The following describes certain line items in our consolidated income statement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our revenue consists of: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 108.87pt;">Net Commission Income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 208.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Sales and brokerage commissions are generated by internal brokers and introducing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">broker dealers when the customers trade exchange traded derivatives, over- the-counter (&#8220;OTC&#8221;) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">traded derivatives, fixed income securities and equity securities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We are responsible for executing and clearing the customers&#8217; purchases and sales. As <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">such, we act as principal, and our commission revenue is recognized on a gross basis. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">82<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Commissions on exchange traded derivatives and OTC traded derivatives are recognized <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">at a point in time on the trade date when a client order is cleared or executed (i.e. when the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">performance obligation is satisfied). Commissions on traded securities are sale-based commissions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">that are recognized at a point in time on the trade date. Sales based commissions are typically a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">fixed fee per security transaction and in certain instances, are based on a percentage of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">transaction value. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Commission charged to customers on clearing transactions recoup clearing fees and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">fee expenses incurred. Clearing fees earned represent the recharge of transaction-based fees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">charged by the various exchanges and clearing organizations at which we or one of our clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">brokers are a member for the purpose of executing and/or clearing trades through them. Clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">fees incurred are generally passed through to clients&#8217; accounts and are reported gross as we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">maintain control over the clearing and execution services provided, maintain relationships with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges or clearing brokers and have ultimate discretion in whether the fees are passed through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">to the clients and the rates at which they are passed through. As clearing fees charged are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">transactional based, they are recognized at a point in time on the trade date along with the related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commission income when the client order is cleared or executed. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the execution and clearing of trades, we are required to pay fees to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">executing brokers, exchanges, clearing organizations and banks. These fees are based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">transaction volumes and recognized as commission and fee expense on the trade date. We also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">pay commissions to third-party introducing brokers (individuals or organizations) that maintain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">relationships with clients and introduce them to us. Introducing brokers accept orders from clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">while we provide the accounts, transaction, margining and reporting services, including money and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">securities from clients. Introducing broker commissions are determined monthly and presented in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commission and fee expense in the income statement and settled quarterly. Commission and fee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">expenses are generally passed through to clients&#8217; accounts. No other costs related to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">generation of commission income are included within commission and fee expense. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 87.76pt;">Net Trading Income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 186.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income includes realized and unrealized gains and losses derived from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">transactions in OTC derivatives, exchange traded derivatives, equity instruments, stock borrowing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and stock lending, reverse repurchase agreements, fixed income securities and foreign exchange. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">These transactions are the result of trading activity, being managed at fair value. As such the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">resulting net trading income includes the gains and losses on transactions executed with clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties, and where we enter into these transactions on its own account.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income also includes fair value movements on the following financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">designated at fair value through profit&#160;or loss:&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 107.72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8211;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.22pt; position: var(--position); text-decoration: none; white-space: pre;">Structured notes, are hybrid debt securities issued. Fair value movements, excluding those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.22pt; position: var(--position); text-decoration: none; white-space: pre;">related to own credit risk and interest expense, are recorded in net trading income;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 107.72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8211;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.22pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements and stock loans, held as part of our trading book, are managed at fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.22pt; position: var(--position); text-decoration: none; white-space: pre;">value. The fair value movements, including the realised gain or loss on settlement, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.22pt; position: var(--position); text-decoration: none; white-space: pre;">interest derived from the activity is recorded within net trading income. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In certain transactions, the transaction price of the financial instrument differs from the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">value calculated using valuation models. This difference is called day 1 profit or loss and is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">recognized immediately in the income statement in net trading income only when: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value determined using valuation models, is based only on observable inputs or <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">83<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value determined using valuation models is based on both observable and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">unobservable inputs, but the impact of the unobservable inputs in the fair value is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">insignificant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In all other cases, the financial instrument is initially recognized at the transaction price, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the recognition of day 1 profit or loss is deferred and amortized through the term of the deal or to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the date when unobservable inputs /become observable (if sooner) unless specific factors relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">to the trade require a specific recognition pattern. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 87.19pt;">Net Interest Income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 186.39999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income includes the interest earned on the cash and financial instruments balances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">held on behalf of our clients as well as on our own cash balances and&#160; the interest earned from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">investments in reverse repurchase agreements and US Treasuries which are undertaken on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">behalf instead of the facilitation of our market making and opportunistic trading activities. Interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">income is calculated using the effective interest rate method. The effective interest rate is the rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">that exactly discounts the estimated future cash payments or receipts over the expected life of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">financial instrument to the gross carrying amount of the financial asset (before adjusting for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">expected credit losses) or the amortized cost of the financial liability. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense includes interest paid to our clients on their balances and interest paid on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">debt securities issued and other drawn borrowings. Interest expense is calculated using the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">effective interest method.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 210.66pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.99pt; position: var(--position); text-decoration: none; white-space: pre;">The interest expense component of our structured notes, designated at <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">fair value through profit or loss, is also presented in interest expense. This approach aligns with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">way that we manage the issued debt securities, as we consider the structured notes to be a source <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of liquidity and funding and therefore the interest flows are crucial to understanding our interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">sensitivity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 400.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 152.19pt;">Net Physical Commodities Income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 251.39999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We enter into contracts to purchase physical commodities for the purpose of selling in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">near future (90 days on average) to generate a profit from the fluctuations in prices. In accordance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">with IFRS 9, these contracts are recognized and measured at fair value, with the resulting fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">gains and losses&#160; included in net physical commodities income. Contracts to purchase and sell <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">physical commodities are provisionally priced at the date that an initial invoice is issued. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Provisionally priced contracts are contracts where the price of the contract is subject to adjustments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">resulting from these contracts being priced against a future quoted price after settlement of&#160;the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">underlying commodity. Provisionally priced payables and receivables are measured initially and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">subsequently at their fair value through profit and loss until settlement and are presented within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">trade payables in the trade and other payables and trade debtors in the trade and other receivables <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">line item in the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 586.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 121.68pt;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 220.89pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits are mainly comprised of wages and salaries including related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">employer national insurance contributions and similar taxes, share-based compensation expense <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(refer to note 35 to the financial statements for further detail), as well as short-term employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">benefits and retirement benefits. For short-term employee benefits, a liability is recognized for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">amount expected to be paid if we have a present legal or constructive obligation to pay this amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">as a result of past service provided by the employee, and the obligation can be estimated reliably. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">For retirement benefits, we operate defined contribution schemes. Payments to such defined <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">contribution retirement benefit schemes are recognized as an expense when employees have <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">84<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">rendered services entitling them to contributions. We expect to incur compensation and benefits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">costs with respect to new awards granted to our employees. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 133.88pt;">Depreciation and Amortization<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 233.08999999999997pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation of property, plant and equipment begins when such assets are available for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">use (i.e., when they are in the location and condition necessary to be capable of operating in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">manner intended by management). Depreciation is calculated on a straight-line basis over an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">asset&#8217;s estimated useful life. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Software relates to both hosted and internally developed software solutions, both of which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">have a finite useful economic life of between two and five years. Software is amortized in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">income statement on a straight-line basis over the period we expect to benefit from using the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">software. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 71.66pt;">Other Expenses<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 170.87pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Other expenses mainly relate to expenses for professional fees, non-trading technology <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and support, trading systems and market data, occupancy and equipment rental, travel and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">business development and communications. We also anticipate that we will incur additional costs, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">including related to legal, accounting, insurance and investor relations in connection with our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">operations as a public company. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 102.19pt;">Impairment of Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 201.39999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill has an indefinite useful economic life and is measured at cost less any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">accumulated impairment losses. It is tested for impairment annually and whenever there is an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">indicator of impairment. Where the carrying value exceeds the higher of the value in use or fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">value less cost to sell, an impairment loss is recognized in the income statement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 113.86pt;">Provision for credit losses<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 213.07pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We recognize a loss allowance for expected credit losses (&#8220;ECLs&#8221;) on investments in debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">instruments that are measured at amortized cost or at fair value through other comprehensive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">income. No impairment loss is recognized for investments in equity instruments. The amount of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ECLs is updated at each reporting date to reflect changes in credit risk since initial recognition of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the respective financial instrument. We always recognize lifetime ECLs for trade receivables. ECLs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">are a probability-weighted estimate of credit losses based on both quantitative and qualitative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">information and analysis, based on our historical experience and informed credit assessment and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">forward-looking expectation. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain Purchase Gain on Acquisitions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">A bargain purchase results when a business is acquired for less than the fair market value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of its net assets, such as if the acquisition date amounts of the identifiable assets, liabilities and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">contingent liabilities acquired exceed the sum of the fair value of consideration transferred. A <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">bargain gain is recognized in the income statement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Other Income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Other income relates mainly to a research and development tax expenditure credit. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Share of Results in Associates and Joint Ventures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our investment in our associates is accounted for using the equity method. Under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">equity method, the investment in an associate or a joint venture is initially recognized at cost. The <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">85<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">carrying amount of the investment is adjusted to recognize changes in our share of net assets of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the associate or joint venture since the acquisition date. The income statement reflects our share of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the results of operations of the associate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax expense represents the sum of the tax currently payable and deferred tax. A mix of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">geographical revenue and costs in any given period drives our effective tax rate. As our business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">decisions are not driven by a targeted tax rate, but rather by operating activities, this will introduce <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">variability in our effective tax rate year over year, which impacts our net results. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="iad0df242e2284675877039f86dd16b36"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Operating<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 182.39000000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 185.16000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">Results<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">For the years ended December 31, 2024 and 2023 <span style="display: inline-block; height: 7.28pt;"></span><span id="i0914ed1baddd4fec804f751d09c2dda4"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The following table sets forth the results of operations for the years ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2024 and 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 276pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 468.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 369.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 49.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 49.5pt;"/></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 0pt; width: 99pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 46.9pt; position: var(--position); text-decoration: none; white-space: pre;">Year Ended<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 37.89pt; position: var(--position); text-decoration: none; white-space: pre;">December 31,<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 24pt; width: 49.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 26.87pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 24pt; width: 49.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 26.87pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 36.75pt; width: 99pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 82.39pt; position: var(--position); text-decoration: none; white-space: pre;">(m)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 49.5pt; width: 49.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 49.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 41.87pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 49.5pt; width: 49.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 49.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 41.87pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated income statement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 76.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 128.74pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 129.32pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 129.47pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 129.55pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 76.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.45pt;"></span></span><span style="left: 12.079999999999998pt; position: var(--position);">1,618.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 76.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.45pt;"></span></span><span style="left: 12.079999999999998pt; position: var(--position);">1,342.4<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 90.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee expense<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 134.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 134.46pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 134.54pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 134.57999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 134.6pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 134.60999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 90.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(762.0)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 90.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(637.5)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 117.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 118.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 119.3pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 119.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 119.42pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 119.44pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 105pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">856.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 105pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">704.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 93.11pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 94.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 94.42pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 94.46pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 94.47999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 94.49pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 119.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">492.4<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 119.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">411.4<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 133.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 70.94999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 71.53pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 71.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 71.97pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 72.00999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72.02pt; position: var(--position); text-decoration: none; white-space: pre;">......................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 133.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">765.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 133.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">591.8<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 147.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 76.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 76.81pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 76.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 77.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 77.08pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 147.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(538.1)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 147.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(470.2)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 162pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 95.36pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 96.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 96.81pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 96.96pt; position: var(--position); text-decoration: none; white-space: pre;">............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 162pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">227.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 162pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">121.6<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 176.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 163.64pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 164.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 164.51pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 164.53pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 176.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.42pt; position: var(--position); text-decoration: none; white-space: pre;">19.1<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 176.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 32.98pt; position: var(--position); text-decoration: none; white-space: pre;">6.7<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 190.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 56.29pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 56.870000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 57.02pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 57.04pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 57.050000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">............................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 190.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.45pt;"></span></span><span style="left: 12.079999999999998pt; position: var(--position);">1,594.7<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 190.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.45pt;"></span></span><span style="left: 12.079999999999998pt; position: var(--position);">1,244.6<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 204.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 219pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 136.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 136.89000000000001pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 137.04pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.05pt; position: var(--position); text-decoration: none; white-space: pre;">............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 219pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(971.1)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 219pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(770.3)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 233.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 147.41pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 148.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 149.15pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 149.29999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 149.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 149.42pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.43pt; position: var(--position); text-decoration: none; white-space: pre;">.......................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 233.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(29.5)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 233.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(27.1)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 247.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other expenses<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 85.19pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 86.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 86.92999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 86.94pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 247.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(306.3)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 247.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(237.4)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 261.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of goodwill<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 114.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.61999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 261.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.79pt;"></span></span><span style="left: 35.42pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 261.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(10.7)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 276pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Provision for credit losses<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 128.49pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 129.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 129.36pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 129.51pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 129.52pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 276pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.9pt;"></span></span><span style="left: 31.529999999999998pt; position: var(--position);">1.7<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 276pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.57pt;"></span></span><span style="left: 28.2pt; position: var(--position);">(7.1)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 290.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 171.54pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 171.82999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 171.98pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 172.06pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 172.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 290.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.79pt;"></span></span><span style="left: 35.42pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 290.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.9pt;"></span></span><span style="left: 31.529999999999998pt; position: var(--position);">0.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 304.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other income<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 62.620000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 63.78pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 64.36pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 64.44pt; position: var(--position); text-decoration: none; white-space: pre;">.........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 304.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.9pt;"></span></span><span style="left: 31.529999999999998pt; position: var(--position);">6.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 304.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.9pt;"></span></span><span style="left: 31.529999999999998pt; position: var(--position);">3.4<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 318.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share of results in associates and joint ventures<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 214.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 215.98pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 216.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 216.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 216.89pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 216.91pt; position: var(--position); text-decoration: none; white-space: pre;">............................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 318.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.79pt;"></span></span><span style="left: 35.42pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 318.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 32.98pt; position: var(--position); text-decoration: none; white-space: pre;">0.8<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 333pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 79.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 79.53pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 79.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 79.58999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 333pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">295.8<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 333pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">196.5<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 347.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 30.19pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 31.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 31.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 31.939999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">......................................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 347.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(77.8)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 347.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(55.2)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 361.5pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 70.36999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 71.53pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 71.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 71.89999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 71.94pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 71.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 71.97pt; position: var(--position); text-decoration: none; white-space: pre;">......................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 361.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">218.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.75pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 361.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">141.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 681.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">86<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue grew by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.77pt; position: var(--position); text-decoration: none; white-space: pre;">28%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 235.78pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.21pt; position: var(--position); text-decoration: none; white-space: pre;">1,594.7<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 288.55pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 336.32000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">1,244.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m) driven by robust client activity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">market share gains and supportive market conditions, as well as the benefits of our prior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 118.08999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">Commission<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 178.05pt; position: var(--position); text-decoration: none; white-space: pre;"> Income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue growth was driven by net commission income which increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 469.64pt; position: var(--position); text-decoration: none; white-space: pre;">21%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.65pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.77pt; position: var(--position); text-decoration: none; white-space: pre;">856.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 129.78pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.55pt; position: var(--position); text-decoration: none; white-space: pre;">704.9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 202.56pt; position: var(--position); text-decoration: none; white-space: pre;">m). The increase occurred mainly in Agency and Execution, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increased by 26% to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.1pt; position: var(--position); text-decoration: none; white-space: pre;">597.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.11pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 270.88pt; position: var(--position); text-decoration: none; white-space: pre;">473.4<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.89pt; position: var(--position); text-decoration: none; white-space: pre;">m) reflecting $64.8m growth from increased customer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">activity in Energy, $37.9m from our Prime Services business, which we acquired from TD Cowen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and $23.2m growth contributed from a strong performance in Credit. Net commission income also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">notably increased in our Clearing segment which increased by 11%, reflecting favourable market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">conditions in Metals in the second quarter resulting from revised guidance on Russian metals on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the LME, as well as a 30% increase in contracts cleared to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.81pt; position: var(--position); text-decoration: none; white-space: pre;">1,116<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.08pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 427.28999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">856<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.96999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net Trading Income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income rose by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.41pt; position: var(--position); text-decoration: none; white-space: pre;">20%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 277.42pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 296.85pt; position: var(--position); text-decoration: none; white-space: pre;">492.4<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 321.86pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.63pt; position: var(--position); text-decoration: none; white-space: pre;">411.4<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 393.9pt; position: var(--position); text-decoration: none; white-space: pre;">m). This was driven by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions business, which increased by 27% to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 426.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">210.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.43pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 499.2pt; position: var(--position); text-decoration: none; white-space: pre;">165.7<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 524.21pt; position: var(--position); text-decoration: none; white-space: pre;">m) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">as demand grew for commodity hedging and financial products. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income was also significantly higher within our Market Making segment which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increased 18% to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">215.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.77999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.55pt; position: var(--position); text-decoration: none; white-space: pre;">182.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 282.56pt; position: var(--position); text-decoration: none; white-space: pre;">m). This increase was driven primarily from Metals, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increased by $17.8m, reflecting exceptional market conditions and market sentiment in the second <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">quarter across Copper, Aluminium and Nickel, following revised guidance on Russian metals from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the LME, as well as increased trading income from agriculture and securities which increased by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$8.1m and $8.1m&#160;respectively.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net Interest Income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income increased by 87% to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 322.96000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">227.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 347.97pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.74pt; position: var(--position); text-decoration: none; white-space: pre;">121.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.75pt; position: var(--position); text-decoration: none; white-space: pre;">m). This growth was driven <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">by higher average balances, which increased to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 313.11pt; position: var(--position); text-decoration: none; white-space: pre;">$13.5bn<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 349.24pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 383.12pt; position: var(--position); text-decoration: none; white-space: pre;">$12.9bn<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.25pt; position: var(--position); text-decoration: none; white-space: pre;">) and higher investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">returns, driven by an increase in the average Fed Funds rate to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 381.38pt; position: var(--position); text-decoration: none; white-space: pre;">5.2%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 404.15999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 438.03999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">5.0%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 460.82pt; position: var(--position); text-decoration: none; white-space: pre;">), as well as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$26.9m growth from our Prime Services business, which we acquired from TD Cowen. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net Physical Commodities Income<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities income increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.75pt; position: var(--position); text-decoration: none; white-space: pre;">185%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 371.32000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.75pt; position: var(--position); text-decoration: none; white-space: pre;">19.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 410.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 457.97pt; position: var(--position); text-decoration: none; white-space: pre;">6.7<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 471.86pt; position: var(--position); text-decoration: none; white-space: pre;">m). This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increase was primarily due to an increase in sales volumes from physical recycled metal, largely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">driven by growth in demand for recycled metals. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 121.68pt;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 220.89pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits expense increased by 26% to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.12pt; position: var(--position); text-decoration: none; white-space: pre;">971.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424.13pt; position: var(--position); text-decoration: none; white-space: pre;">m for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.44pt; position: var(--position); text-decoration: none; white-space: pre;">770.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 251.45pt; position: var(--position); text-decoration: none; white-space: pre;">m) primarily due to a higher number of average FTEs, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increased to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.43pt; position: var(--position); text-decoration: none; white-space: pre;">2,334<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.44pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.32pt; position: var(--position); text-decoration: none; white-space: pre;">1,914<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">) reflecting a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.08pt; position: var(--position); text-decoration: none; white-space: pre;">22%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 318.09pt; position: var(--position); text-decoration: none; white-space: pre;"> increase in average front office FTEs and a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.51pt; position: var(--position); text-decoration: none; white-space: pre;">22%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 534.52pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increase in control and support FTEs as we continue to invest in our control and support functions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 132.78pt;">Depreciation and amortization<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 231.99pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation expense increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 370.78pt; position: var(--position); text-decoration: none; white-space: pre;">9%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.23pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 404.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">29.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424.11pt; position: var(--position); text-decoration: none; white-space: pre;">m for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.88pt; position: var(--position); text-decoration: none; white-space: pre;">$27.1m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.21999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">). The&#160;increase was primarily due to the depreciation and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">amortisation of assets acquired during 2024, which were mainly right of&#160;use assets and property, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">plant and equipment acquired as a result of business combinations. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">87<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 70.56pt;">Other expenses<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 169.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Other expenses increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 231.99pt; position: var(--position); text-decoration: none; white-space: pre;">29%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.87pt; position: var(--position); text-decoration: none; white-space: pre;">$306.3m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.77pt; position: var(--position); text-decoration: none; white-space: pre;"> for the year ended December 31, 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 105.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$237.4m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.10999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">). This increase was primarily driven by increased professional fees, $26.1m, primarily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 116.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">driven by activities relating to the preparation of our IPO and the standards of a listed environment, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 127.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and increased technology costs, $27.6m, driven by platform enhancements and business growth as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">well as the integration of recent acquisitions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 16.66pt;">Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 115.86999999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax expense increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 253.56pt; position: var(--position); text-decoration: none; white-space: pre;">41%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.57000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293pt; position: var(--position); text-decoration: none; white-space: pre;">77.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.45000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.22pt; position: var(--position); text-decoration: none; white-space: pre;">55.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 379.67pt; position: var(--position); text-decoration: none; white-space: pre;">m) driven primarily by an increase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">in profit before tax to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 193.05pt; position: var(--position); text-decoration: none; white-space: pre;">$295.8m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 231.95pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.83pt; position: var(--position); text-decoration: none; white-space: pre;">$196.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.73pt; position: var(--position); text-decoration: none; white-space: pre;">). The Group's effective tax rate decreased <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 496.21pt; position: var(--position); text-decoration: none; white-space: pre;">200 basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 206pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">points<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 125.88pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.75pt; position: var(--position); text-decoration: none; white-space: pre;">26%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 159.76pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 193.64pt; position: var(--position); text-decoration: none; white-space: pre;">28%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.64999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Segment Revenue and Adjusted Profit Before Tax <span style="display: inline-block; height: 7.28pt;"></span><span id="i29af335e6887415e83734f24d100dcf3"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our revenue and Adjusted Profit Before Tax by operating segment is summarized below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Years Ended December 31, 2024 and 2023 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 294pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 468.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 369.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 49.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 49.5pt;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 0pt; width: 99pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 35.85pt; position: var(--position); text-decoration: none; white-space: pre;">Years Ended<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 31.37pt; position: var(--position); text-decoration: none; white-space: pre;">December 31,<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 26.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 24.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 26.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 24.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 40.5pt; width: 99pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 99pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 80.82pt; position: var(--position); text-decoration: none; white-space: pre;">(m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 54.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 41.31pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 54.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 41.31pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 57.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 59.019999999999996pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 59.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 59.459999999999994pt; position: var(--position); text-decoration: none; white-space: pre;">...........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 69pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">466.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 69pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">373.6<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and Execution<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 120.08pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 121.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 121.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 121.89999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.94pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 83.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">695.2<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 83.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">541.5<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 86.17999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 86.75999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 86.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 86.99pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 87.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 87.05pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 97.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">207.8<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 97.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">153.9<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111.75pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 172.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 174.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 174.29999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 174.45pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.46pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 111.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">161.5<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 111.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">128.1<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 126pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 65.08pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 66.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 66.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 66.9pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 66.94pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 126pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.05pt;"></span></span><span style="left: 27.68pt; position: var(--position);">63.9<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 126pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.05pt;"></span></span><span style="left: 27.68pt; position: var(--position);">47.5<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 140.25pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total Revenue<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 70.92pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 71.5pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 71.78999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 71.94pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72.02pt; position: var(--position); text-decoration: none; white-space: pre;">......................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 140.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 11.16pt;"></span></span><span style="left: 13.79pt; position: var(--position);">1,594.7<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 140.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 11.16pt;"></span></span><span style="left: 13.79pt; position: var(--position);">1,244.6<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 170.25pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 128.64000000000001pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 129.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 129.51pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 129.53pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 184.5pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 57.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 59.019999999999996pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 59.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 59.459999999999994pt; position: var(--position); text-decoration: none; white-space: pre;">...........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 184.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">247.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 184.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">185.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 198.75pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and Execution<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 120.08pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 121.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 121.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 121.89999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.94pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 198.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.78pt;"></span></span><span style="left: 20.41pt; position: var(--position);">107.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 198.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.34pt;"></span></span><span style="left: 25.97pt; position: var(--position);">71.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 213pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 86.17999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 86.75999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 86.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 86.99pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 87.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 87.05pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 213pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.34pt;"></span></span><span style="left: 25.97pt; position: var(--position);">65.6<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 213pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.34pt;"></span></span><span style="left: 25.97pt; position: var(--position);">33.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 227.25pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 172.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 174.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 174.29999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 174.45pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.46pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 227.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.34pt;"></span></span><span style="left: 25.97pt; position: var(--position);">42.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 227.25pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.34pt;"></span></span><span style="left: 25.97pt; position: var(--position);">33.8<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 241.5pt; width: 369.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 65.08pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 66.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 66.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 66.9pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 66.94pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 241.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.45pt;"></span></span><span style="left: 17.08pt; position: var(--position);">(141.7)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 241.5pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.01pt;"></span></span><span style="left: 22.64pt; position: var(--position);">(94.0)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 255.75pt; width: 369.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 369.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 155.26999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 156.43pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 156.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 156.87pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 156.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 156.96pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369.75pt; position: var(--position); top: 255.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">321.1<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 255.75pt; width: 49.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 49.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.49pt;"></span></span><span style="left: 22.119999999999997pt; position: var(--position);">230.0<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 593.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 37.23pt;">Clearing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 136.44pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 615.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our Clearing business performed well in 2024, benefiting from higher levels of client activity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 627.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on our platform as we continued to gain market share, with the total number of contracts cleared up <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 639.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">30%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.22pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.09pt; position: var(--position); text-decoration: none; white-space: pre;">1,116.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 165.69pt; position: var(--position); text-decoration: none; white-space: pre;">m in 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.57999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 212.35pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.45999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">856.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.46999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m).<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 282.9pt; position: var(--position); text-decoration: none; white-space: pre;"> This increase reflects a combination of factors, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 651.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">an increase in the number of higher volume clients as well as a larger mix of clients transacting in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 663.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">financial securities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue increased <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.12pt; position: var(--position); text-decoration: none; white-space: pre;">25%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 208.13pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 227.56pt; position: var(--position); text-decoration: none; white-space: pre;">466.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252.57pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 300.34pt; position: var(--position); text-decoration: none; white-space: pre;">373.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 325.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m), driven by net interest income which rose by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">45%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.22pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.64999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">198.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.66pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.43pt; position: var(--position); text-decoration: none; white-space: pre;">136.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 236.44pt; position: var(--position); text-decoration: none; white-space: pre;">m) as a result of both higher investment returns, driven by an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 707.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increase in the average Fed Funds rate to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.51pt; position: var(--position); text-decoration: none; white-space: pre;">5.2%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.29pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 344.17pt; position: var(--position); text-decoration: none; white-space: pre;">5.0%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.95pt; position: var(--position); text-decoration: none; white-space: pre;">), and hi<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.04999999999995pt; position: var(--position); white-space: pre;">gher average balance<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 499.75pt; position: var(--position); text-decoration: none; white-space: pre;">s. Net <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">88<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commission income also grew by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 248.64pt; position: var(--position); text-decoration: none; white-space: pre;">11%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.90999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.34pt; position: var(--position); text-decoration: none; white-space: pre;">263.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.12pt; position: var(--position); text-decoration: none; white-space: pre;">236.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.13pt; position: var(--position); text-decoration: none; white-space: pre;">m). Average balances increased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 83.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.66pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.53pt; position: var(--position); text-decoration: none; white-space: pre;">$13.5bn<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.66pt; position: var(--position); text-decoration: none; white-space: pre;"> in 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 233.09999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$12.9bn<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.23pt; position: var(--position); text-decoration: none; white-space: pre;">). This growth was driven by a record number of new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing clients combined with a high retention of existing clients.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 115.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.76pt; position: var(--position); text-decoration: none; white-space: pre;">34%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.77pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 352.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">247.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 377.21000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424.98pt; position: var(--position); text-decoration: none; white-space: pre;">185.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 449.99pt; position: var(--position); text-decoration: none; white-space: pre;">m) driven by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 127.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">increase in revenue and improved Adjusted Profit Before Tax Margin which increased by 300bps to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 139.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">53%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.22pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.1pt; position: var(--position); text-decoration: none; white-space: pre;">50%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.11pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 161.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 99.45pt;">Agency and Execution<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 198.66pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 183.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Revenue increased by </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 237.45pt; position: var(--position); text-decoration: none; white-space: pre;">28%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.46000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.89pt; position: var(--position); text-decoration: none; white-space: pre;">695.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.9pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 349.67pt; position: var(--position); text-decoration: none; white-space: pre;">541.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.68pt; position: var(--position); text-decoration: none; white-space: pre;">m), reflecting the benefit of recent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions, primarily the Prime Services business we acquired from TD Cowen, which increased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our capital markets capabilities in financial securities, as well as positive market conditions in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">energy markets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 241.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Energy revenue increased <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">30%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 274.68pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 294.11pt; position: var(--position); text-decoration: none; white-space: pre;">286.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 319.12pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.89pt; position: var(--position); text-decoration: none; white-space: pre;">219.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.9pt; position: var(--position); text-decoration: none; white-space: pre;">m). This growth was a reflection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 253.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of strong levels of demand for our environmentals offering as we continue to support our clients' <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 265.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">transition toward a low carbon economy, investments in new desks and capabilities and continued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 277.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">improvement in activity levels in European Energy markets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Financial securities revenue increased<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 305.22pt; position: var(--position); text-decoration: none; white-space: pre;"> 27% to $407.2m (2023: $319.8m),<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 459.65pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> driven by our </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 311.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Prime Services business, which contributed $77.4m growth, as well as growth across Rates, FX </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 323.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">and Equities, which grew $15.5m, $4.8m and $2.7m respectively.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 345.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Adjusted Profit Before Tax</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> increased </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 299.43pt; position: var(--position); text-decoration: none; white-space: pre;">50%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 319.44pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 338.87pt; position: var(--position); text-decoration: none; white-space: pre;">107.9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 363.88pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.65pt; position: var(--position); text-decoration: none; white-space: pre;">71.9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 431.1pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">m) while Adjusted Profit </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 357.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Before Tax Margin</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 180.13pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> increased </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">300 bps</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.59pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> to </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 278.46pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">16%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.46999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> (2023: </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">13%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 352.36pt; position: var(--position); text-decoration: none; white-space: pre;">), as we continued to optimise and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 369.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">integrate our acquisitions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 391.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 65.55pt;">Market Making<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 164.76pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 237.45pt; position: var(--position); text-decoration: none; white-space: pre;">35%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.46000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.89pt; position: var(--position); text-decoration: none; white-space: pre;">207.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.9pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 349.67pt; position: var(--position); text-decoration: none; white-space: pre;">153.9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.68pt; position: var(--position); text-decoration: none; white-space: pre;">m). This was driven by Metals <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 425.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">trading which increased by $36.6m, benefiting from unusual market conditions across Copper, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 437.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Aluminium, Nickel in the second quarter following revised guidance on Russian metals from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 449.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">LME. While this activity normalised in the third quarter, we continued to see strong performance. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue from Securities also grew to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.62pt; position: var(--position); text-decoration: none; white-space: pre;">35.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293.07pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 340.84pt; position: var(--position); text-decoration: none; white-space: pre;">25.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.28999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">m) primarily reflecting a stronger <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">performance from Equities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 495.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> increased by&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.76pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 315.53pt; position: var(--position); text-decoration: none; white-space: pre;">97%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 335.54pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 354.97pt; position: var(--position); text-decoration: none; white-space: pre;">65.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.42pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 422.19000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">33.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 441.64pt; position: var(--position); text-decoration: none; white-space: pre;">m), while Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 507.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Profit Before Tax Margin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 206.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> increased <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.09999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">10 percentage points<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 348.45pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.32pt; position: var(--position); text-decoration: none; white-space: pre;">32%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.33pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 416.21pt; position: var(--position); text-decoration: none; white-space: pre;">22%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 436.21999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">) reflecting strong <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 519.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">revenue growth. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 541.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 152.22pt;">Hedging and Investment Solutions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 251.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue grew <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 202.44pt; position: var(--position); text-decoration: none; white-space: pre;">26%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 222.45pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 241.88pt; position: var(--position); text-decoration: none; white-space: pre;">161.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.89pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 314.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">128.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 339.67pt; position: var(--position); text-decoration: none; white-space: pre;">m) driven by increased client activity across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">both businesses. Hedging Solutions increased <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 307pt; position: var(--position); text-decoration: none; white-space: pre;">12%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 327.01pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 340.88pt; position: var(--position); text-decoration: none; white-space: pre;">69.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.33pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 408.09999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">62.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 427.54999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">m) benefiting from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 587.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">volatility across Cocoa and Coffee and favourable market events, while Financial Products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">incr<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 115.32pt; position: var(--position); text-decoration: none; white-space: pre;">eased by 40% to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.54pt; position: var(--position); text-decoration: none; white-space: pre;">$92.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 217.55pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.32pt; position: var(--position); text-decoration: none; white-space: pre;">66.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.77pt; position: var(--position); text-decoration: none; white-space: pre;">m) benefiting from positive investor sentiment and equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">market performance. We also expanded our product coverage with custom index and FX <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 623.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">capabilities and our global footprint which now includes business from Australia and the Middle <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">East, bringing new clients onto our platform.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293.59999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 657.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.76pt; position: var(--position); text-decoration: none; white-space: pre;">24%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.77pt; position: var(--position); text-decoration: none; white-space: pre;"> to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 352.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">42.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 371.65pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.86pt; position: var(--position); text-decoration: none; white-space: pre;">33.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 433.31000000000006pt; position: var(--position); text-decoration: none; white-space: pre;">m), while Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 669.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Profit Before Tax Margin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 206.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> remained at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.53pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.3pt; position: var(--position); text-decoration: none; white-space: pre;">26%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.31pt; position: var(--position); text-decoration: none; white-space: pre;"> as we continued to invest in our people and platforms to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 681.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">support business growth.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 703.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 44.45pt;">Corporate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">89<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The Corporate segment includes the Group's control and support functions. Corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">manages the resources of the Group, makes investment decisions and provides operational <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">support to the business segments. Corporate net interest income is derived through earning interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on house cash balances placed at banks and exchanges.&#160; Revenue in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 412.03pt; position: var(--position); text-decoration: none; white-space: pre;">2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 457.59pt; position: var(--position); text-decoration: none; white-space: pre;">63.9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477.03999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">m (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.77pt; position: var(--position); text-decoration: none; white-space: pre;">47.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.22pt; position: var(--position); text-decoration: none; white-space: pre;">m), driven by net interest income primarily reflecting higher <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.37pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate cash<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 454.71pt; position: var(--position); text-decoration: none; white-space: pre;"> balances.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our Corporate Adjusted Profit Before Tax was a loss of $141.7m for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 (2023: loss of $94.0m), an increase in the loss of 51%. This primarily reflects <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the continued investment in our control and support functions to support business growth and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">standards of a listed environment.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.73000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">&#160; &#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Non-IFRS Measures and Key Performance Indicators<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to our results determined in accordance with IFRS Accounting Standards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">(IFRS), we believe the following non-IFRS measures provide useful information both to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">management and investors in measuring our financial performance for the reasons outlined below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">These measures may not be comparable to similarly titled measures presented by other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">companies, and they should not be construed as an alternative to other financial measures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">determined in accordance with IFRS. The Group changed the labelling of its non-IFRS measures <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">during 2024 to simplify the naming to better align to the equivalent IFRS reported metric for better <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">understanding and communication and enhance transparency and comparability. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax (formerly labelled Adjusted Operating Profit)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">We define Adjusted Profit Before Tax as profit after tax adjusted for (i) tax, (ii) goodwill impairment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 361.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">charges, (iii) acquisition costs, (iv) bargain purchase gains, (v) owner fees, (vi) amortisation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">acquired brands and customer lists, (vii) activities in relation to shareholders, (viii) employer tax on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 383.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the vesting of Growth Shares, (ix) IPO preparation costs, (x) fair value of the cash settlement option <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">on the Growth Shares and (xi) public offering of ordinary shares. Items (i) to (xi) are referred to as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Adjusting Items.&#8221; Adjusted Profit Before Tax is an important measure used by our management to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 417.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">evaluate and understand our underlying operations and business trends, forecast future results and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">determine future capital investment allocations. Adjusted Profit Before Tax is the measure used by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our executive board to assess the financial performance of our business in relation to our trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.1pt; position: var(--position); white-space: pre;">and hence it is our segments performance measure presented under IFRS Accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); white-space: pre;">Standards.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 147.54pt; position: var(--position); text-decoration: none; white-space: pre;"> Adjusted Profit Before Tax is also presented on a consolidated basis because our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">management believes it is important to consider our profitability on a basis consistent with that of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our operating segments. When presented on a consolidated basis, Adjusted Profit Before Tax is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 495.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">non-IFRS measure.&#160; The most directly comparable IFRS measure is profit after tax. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We believe Adjusted Profit Before Tax is a useful measure as it allows management to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">monitor our ongoing core operations and provides useful information to investors and analysts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">regarding the net results of the business. The core operations represent the primary trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">operations of the business. Our actual results can be significantly affected by events that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">unrelated to our ongoing operations due to a number of factors, including certain factors set forth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">under &#8220;Risk Factors,&#8221; &#8220;Cautionary Statement Regarding Forward-Looking Statements&#8221; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">elsewhere in this Annual Report. These events include, among other things, the acquisition of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 600.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ED&amp;F Man Capital Markets and impairment of goodwill.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 344.69pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin (formerly labelled Adjusted Operating Profit Margin)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We define Adjusted Profit Before Tax Margin as Adjusted Profit Before Tax (as defined <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">above) divided by revenue. We believe that Adjusted Profit Before Tax Margin is a useful measure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">as it allows management to assess the profitability of our business in relation to revenue. The most <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 683.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">directly comparable IFRS Accounting Standards measure is profit margin, which is profit after tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 695.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">divided by revenue. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">90<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit After Tax Attributable to Common Equity (formerly labelled Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Operating Profit after Tax Attributable to Common Equity) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">We define Adjusted Profit After Tax Attributable to Common Equity as profit after tax adjusted for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 117.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">items outlined in the Adjusted Profit Before Tax paragraph above. Additionally, Adjusted Profit After <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax Attributable to Common Equity is also adjusted for (i) tax and the tax effect of the Adjusting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 139.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Items to calculate Adjusted Profit Before Tax and (ii) profit attributable to AT1 note holders, net of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">tax, which is the coupons on the AT1 issuance and accounted for as dividends adjusted for the tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">benefit of the coupons. Common equity is a non-IFRS measure and we define Common Equity as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">being the equity belonging to the holders of the Group&#8217;s share capital. We believe Adjusted Profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 184.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">After Tax Attributable to Common Equity is a useful measure as it allows management to assess <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the profitability of the equity belonging to the holders of&#160;the Group&#8217;s share capital. The most directly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 206.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">comparable IFRS measure is profit after tax.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.24pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.57pt; position: var(--position); white-space: pre;">The most directly comparable IFRS measure to <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); white-space: pre;">Common equity is total equity.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 241.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Return on Equity (formerly labelled Return on Adjusted Operating Profit after Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 253.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to Common Equity)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We define the Adjusted Return on Equity as the Adjusted Profit After Tax Attributable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity (as defined above) divided by the average Common Equity for the period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity is defined as being the equity belonging to the holders of&#160;the Group&#8217;s share capital. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 321.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">As a listed entity the Group intends to externally disclose its results on a quarterly basis, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">consequently Management changed the calculation approach of annual average common equity to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 345.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">be based on a five point average, rather than just the average of the opening and closing period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 357.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Management believes a five point average is more representative of the Group&#8217;s financial position <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">over time and therefore enhances transparency and comparability. For the year ended December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">31, 2024, Common Equity is calculated as the average balance of total equity minus additional Tier <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">1 capital as at December 31 of the prior year, March 31, June 30, September 30 and December 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 405.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">of the current year. For the year ended December 31, 2023, Common Equity is calculated as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 417.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">average balance of total equity minus additional Tier 1 capital as at December 31 of the prior year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 429.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and December 31 of the current year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 451.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We believe Adjusted Return on Equity is a useful measure as it allows management to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 463.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">assess the return on the equity belonging to the holders of the Group&#8217;s share capital. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The most directly comparable IFRS measure for Adjusted Return on Equity is Return on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 497.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Equity, which is calculated as profit after tax for the period divided by average equity. Average <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 509.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">equity is calculated as the average of total equity as at December 31 of the prior year, March 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 521.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">June 30, September 30 and December 31 of the current year. For the year ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 533.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2023, average equity is calculated as the average balance of total equity as at December 31 of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 545.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">prior year and December 31 of the current year. As per above, Management changed the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 557.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">calculation approach of annual total equity to be based on a five point average, rather than just the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 569.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">average of the opening and closing period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 591.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share and Adjusted Diluted Earnings per Share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 613.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share is defined as the Adjusted Profit After Tax Attributable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 625.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity for the period divided by weighted average number of ordinary shares for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 637.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">period. We believe Adjusted Basic Earnings per Share is a useful measure as it allows <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 649.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">management to assess the profitability of our business per share. The most directly comparable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 661.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS metric is basic earnings per share. This metric has been designed to highlight the Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 673.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Profit After Tax Attributable to Common Equity over the available share capital of the Group. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 685.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Diluted Earnings per Share is defined as the Adjusted Profit After Tax Attributable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 697.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity for the period divided by the diluted weighted average shares for the period. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 709.44pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">believe Adjusted Diluted Earnings per Share is a useful measure as it allows management to <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">91<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">assess the profitability of our business per share on a diluted basis. Dilution is calculated in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">same way as it has been for diluted earnings per share. The most directly comparable IFRS metric <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">is diluted earnings per share. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Sharpe ratio <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We define the Adjusted Sharpe ratio as the ratio calculated as the average of monthly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax divided by the standard deviation of monthly Adjusted Profit Before Tax. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">The Adjusted Sharpe ratio is used by management to measure our underlying earnings stability and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">assess the scale of the increase in our Adjusted Profit Before Tax. The most directly comparable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS ratio is the Sharpe ratio, which is calculated as the average monthly profit after tax divided by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the standard deviation of monthly <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 249.19pt; position: var(--position); text-decoration: none; white-space: pre;">profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.26pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 222pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 444.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 0pt; width: 168.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 168.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 80.24pt; position: var(--position); text-decoration: none; white-space: pre;">Year Ended December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 14.25pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 38.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 14.25pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 38.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 14.25pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 38.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 15.75pt; left: 276pt; overflow: hidden; position: var(--position); top: 28.5pt; width: 168.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 168.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">($m, except percentage, earnings per share and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 9.63pt; width: 168.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ratio)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 44.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-IFRS Measures<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 58.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 117.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 118.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 118.33pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.33999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 58.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.64pt;"></span></span><span style="left: 18.27pt; position: var(--position);">321.1<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 58.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.64pt;"></span></span><span style="left: 18.27pt; position: var(--position);">230.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 58.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.64pt;"></span></span><span style="left: 18.27pt; position: var(--position);">121.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 151.29pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 152.45pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 153.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.18pt; position: var(--position); text-decoration: none; white-space: pre;">................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 72.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">20<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span><span style="left: 46.61pt; position: var(--position);">%<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 72.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">18%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 72.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">17%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit After Tax Attributable to Common Equity<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 246.79pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 247.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 248.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 248.18pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 248.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 248.24pt; position: var(--position); text-decoration: none; white-space: pre;">..........<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 87pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.64pt;"></span></span><span style="left: 18.27pt; position: var(--position);">231.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 87pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.64pt;"></span></span><span style="left: 18.27pt; position: var(--position);">162.6<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 87pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">92.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 101.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Return on Equity<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 118.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 119.88pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 120.46pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 120.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 120.64999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 120.67pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 120.67999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 101.25pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">30<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span><span style="left: 46.61pt; position: var(--position);">%<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 101.25pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">26%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 101.25pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.16pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 32.16pt; position: var(--position);">17%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 115.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share ($)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 172.6pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 176.21pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 177.37pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 177.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 178.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.18pt; position: var(--position); text-decoration: none; white-space: pre;">......................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 115.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">3.34<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 115.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">2.46<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 115.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">1.40<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Diluted Earnings per Share ($)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 179.26999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 182.88pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 183.17pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 183.32pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">....................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 129.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">3.07<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 129.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">2.31<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 129.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.2pt;"></span></span><span style="left: 23.83pt; position: var(--position);">1.37<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Sharpe ratio<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 98.72999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 99.89pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 100.47pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 100.61999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 100.66pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.67999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 144pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.18pt; position: var(--position); text-decoration: none; white-space: pre;">5.2<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 332.25pt; position: var(--position); top: 144pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.23pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.9pt;"></span></span><span style="left: 33.129999999999995pt; position: var(--position);">4.3<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 144pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.23pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.9pt;"></span></span><span style="left: 33.129999999999995pt; position: var(--position);">4.1<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 399.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">The weighted average numbers of shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 448.45000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">69,231,625<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 478.41pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 481.73pt; position: var(--position); text-decoration: none; white-space: pre;">66,018,514<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 511.69pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 406.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">66,051,966<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 139.94pt; position: var(--position); text-decoration: none; white-space: pre;"> respectively. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 414.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">The weighted average numbers of diluted shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 467.75pt; position: var(--position); text-decoration: none; white-space: pre;">75,279,454<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 497.71000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 501.03000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">70,323,467<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 530.99pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 421.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 121.63000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">67,570,821<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 151.59pt; position: var(--position); text-decoration: none; white-space: pre;">respectively. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We believe that these non-IFRS measures provide useful information to both management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and investors by excluding certain items that management believes are not indicative of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ongoing operations. Our management uses these non-IFRS measures to evaluate our business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">strategies and to facilitate operating performance comparisons from period to period. We believe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">that these non-IFRS measures provide useful information to investors because they improve the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">comparability of our financial results between periods and provide for greater transparency of key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">measures used to evaluate our performance. In addition, we believe Adjusted Profit Before Tax, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin, Adjusted Profit After Tax Attributable to Common Equity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Share and the Adjusted Sharpe ratio are measures commonly used by investors to evaluate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">companies in the financial services industry. However, they are not presentations made in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">accordance with IFRS, and the use of the terms Adjusted Profit Before Tax, Adjusted Profit Before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted Return on Equity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the Adjusted Sharpe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ratio may vary from others in our industry. Adjusted Profit Before Tax, Adjusted Profit Before Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted Return on Equity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the Adjusted Sharpe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ratio (or similar measures) are frequently used by securities analysts, investors and other interested <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">parties in their evaluation of&#160;companies comparable to us, many of which present related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">performance measures when reporting their results. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 688.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 700.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">92<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Diluted Earnings per Share and the Adjusted Sharpe ratio (or similar measures) are used <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">by different companies for differing purposes and are often calculated in different ways that reflect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the circumstances of those companies. In addition, certain judgments and estimates are inherent in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">our process to calculate such non-IFRS measures. You should exercise caution in comparing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Earnings per Share and the Adjusted Sharpe ratio as reported by us to Adjusted Profit Before Tax, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Sharpe ratio as reported by other companies. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Diluted Earnings per Share have limitations as analytical tools, and you should not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">consider them in isolation or as substitutes for analysis of our results as reported under IFRS. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Some of these limitations are:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">they do not reflect costs incurred in relation to the acquisitions that we have undertaken;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">they do not reflect impairment of goodwill; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">they do not reflect certain non-recurring expenses, such as costs associated with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s IPO;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">other companies in our industry may calculate these measures differently than we do, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">limiting their usefulness as comparative measures; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">the adjustments made in calculating these non-IFRS measures are those that management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">considers to be not representative of our core operations and, therefore, are subjective in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">nature. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The Adjusted Sharpe ratio has limitations as an analytical tool and should not be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">considered in isolation or as a substitute for analysis of our results or ratios measured or presented <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">under. Some of these limitations are: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">the Adjusted Sharpe ratio measures the resilience in actual earnings and therefore should <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">not be considered as a predictive or determinative tool; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">by definition, the standard deviation included in the calculation of the Adjusted Sharpe ratio <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">is sensitive to outliers, making the measure less relevant to larger, single items, such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">non-operating items; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">the Adjusted Sharpe ratio could be impacted by the timing of ongoing step changes. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">timing of our recent large acquisitions has limited this impact and been supportive of higher <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">readings. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Accordingly, prospective investors should not place undue reliance on Adjusted Profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable to Common <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">per Share or the Adjusted Sharpe ratio. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The following table reconciles: (1) Adjusted Profit Before Tax and Adjusted Profit after Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to Common Equity from the most directly comparable IFRS Accounting Standards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">measure, which is profit after tax, (2) Adjusted Profit Before Tax Margin from the most directly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">comparable IFRS Accounting Standards measure, which is profit margin (which is profit after tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">divided by revenue), (3) Adjusted Basic Earnings per Share from the most directly comparable <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">93<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS measure, which is basic earnings per share, (4) Adjusted Diluted Earnings per Share from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">most directly comparable IFRS measure, which is diluted earnings per share, and (5) Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Return on Equity from the most directly comparable IFRS Accounting Standards measure, which is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">return on equity (which is calculated as profit after tax for the year divided by profit after tax), in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">each case, for the periods presented below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 142pt; width: 612pt;"><div style="font-size: 0pt; left: 99.21pt; position: var(--position); top: 0pt; width: 439.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 273pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 0pt; width: 166.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 166.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 74.1pt; position: var(--position); text-decoration: none; white-space: pre;">Years Ended December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 14.25pt; width: 55.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.31pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 14.25pt; width: 55.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.31pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 14.25pt; width: 55.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.31pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 28.5pt; width: 166.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 166.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">($ millions, except percentage and per share data)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit After Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 39.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">218.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 39.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">141.3<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 39.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">98.2<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;  Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 54pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">77.8<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 54pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">55.2<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 54pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">23.4<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill impairment charge<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 126.50999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">10.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">53.9<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gains<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 107.64999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 82.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 82.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 22.68pt;"></span></span><span style="left: 25.31pt; position: var(--position);">(0.3)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 82.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(71.6)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96.75pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition costs<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 77.06pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 96.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 96.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">1.8<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 96.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">11.5<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amortisation of acquired brands and customer lists<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 227.04pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 111pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">5.5<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 111pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">2.1<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 111pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">1.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 125.25pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Activities relating to shareholders<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 149.26999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 125.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">2.4<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 125.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">3.1<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 125.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">0.5<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 139.5pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employer tax on vesting of the growth shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 202.59pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 139.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">2.2<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 139.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 139.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153.75pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Owner fees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 53.730000000000004pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">7<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 153.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">2.4<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 153.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">6.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 153.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">3.4<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 168pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">IPO preparation costs<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 99.27pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">8<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 168pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">8.6<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 168pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">10.1<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 168pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">0.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 182.25pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of the cash settlement option on the growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 32.64pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">9<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 182.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">2.3<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 182.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 182.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 208.5pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Public offering of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 148.54pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">10<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 208.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.01pt;"></span></span><span style="left: 28.64pt; position: var(--position);">1.9<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 208.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 208.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.9pt;"></span></span><span style="left: 32.53pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 222.75pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 222.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">321.1<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 222.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">230.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 222.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">121.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;  Tax and the tax effect on the Adjusting Items<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 206.63pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">11<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 237pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(76.8)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 237pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(54.1)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 237pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(23.9)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 251.25pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;  Profit attributable to AT1 note holders<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 175.14pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">12<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 251.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(13.3)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 251.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.12pt;"></span></span><span style="left: 19.75pt; position: var(--position);">(13.3)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 251.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 22.68pt;"></span></span><span style="left: 25.31pt; position: var(--position);">(5.1)<span style="display: inline-block; height: 7.28pt; width: 8.89pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 265.5pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit after Tax Attributable to Common Equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 265.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">231.0<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 265.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">162.6<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 265.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.45pt;"></span></span><span style="left: 23.08pt; position: var(--position);">92.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 295.5pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 273pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit Margin<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 295.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">14%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 295.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">11%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 295.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">14%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309.75pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 164.16pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">13<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 309.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">20%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 309.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">18%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 309.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">17%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 339.75pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Basic Earnings per Share<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 123.67pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">14<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 339.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">2.96<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 339.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.94<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 339.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.39<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 354pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Diluted Earnings per Share<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 130.85pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">15<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 354pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">2.72<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 354pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.82<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 354pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.36<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 368.25pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Basic Earnings per Share<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 169.18pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">14<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 368.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">3.34<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 368.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">2.46<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 368.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.40<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 382.5pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Diluted Earnings per Share<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 176.35999999999999pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">15<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 382.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">3.07<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 382.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">2.31<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 382.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 23.08pt; position: var(--position);">1.37<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 396.75pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 396.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">976.9<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 396.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">775.9<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 396.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">677.7<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 411pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 79.22pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">16<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 411pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">775.6<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 411pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">629.2<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 411pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.89pt;"></span></span><span style="left: 17.52pt; position: var(--position);">523.9<span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 425.25pt; width: 273pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Return on Equity<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 83.08999999999999pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">17<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 425.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">25%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 425.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">19%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 425.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">17%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 439.5pt; width: 273pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 273pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Return on Equity (%)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 146.92pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">16<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273pt; position: var(--position); top: 439.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">30%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 328.5pt; position: var(--position); top: 439.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">26%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 439.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 31.41pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 31.41pt; position: var(--position);">17%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); text-align: justify; text-align-last: var(--justify); top: 600.75pt; width: 612pt;"><div style="font-size: 0pt; left: 99.21pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 627.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill impairment charges in 2023 relates to the impairment recognised for goodwill relating to the Volatility Performance Fund S.A. CGU (&#8216;VPF&#8217;) largely due to <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 634.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">declining projected revenue.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 641.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">A bargain purchase gain was recognised as a result of the ED&amp;F Man Capital Markets division acquisition. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 649.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition costs are costs, such as legal fees incurred in relation to the business acquisitions of ED&amp;F Man Capital Markets business, the OTCex group and <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 656.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Cowen's Prime Services and Outsourced Trading business.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 663.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">This represents the amortisation charge for the period of acquired brands and customers lists.&#160; <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 670.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Activities in relation to shareholders primarily consist of dividend-like contributions made to participants within certain of our share-based payments schemes.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 524.97pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 677.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">6.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Employer tax on vesting of the growth shares represents the Group's tax charge arising from the vesting of the growth shares. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 685.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">7.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Owner fees relate to management services fees paid to parties associated with the ultimate controlling party based on a percentage of our EBITDA in each year, <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 692.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">presented in the income statement within other expenses.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 699.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">8.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">IPO preparation costs related to consulting, legal and audit fees, presented in the income statement within other expenses.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 706.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">9.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of the cash settlement option on the growth shares represents the fair value liability of the growth shares at $2.3m. Subsequent to the initial public <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 713.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">offering when the holders of the growth shares elected to settle the awards in ordinary shares, the liability was derecognised.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 439.66pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">94<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">10.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Costs relating to the public offerings of ordinary shares by certain selling shareholders. <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 340.49pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 79.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">11.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Tax and the tax effect on the Adjusting Items represents the tax for the period and the tax effect of the other Adjusting Items removed from Profit After Tax to <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">calculate Adjusted Profit Before Tax. The tax effect of the other Adjusting Items was calculated at the Group&#8217;s effective tax rate for the respective period.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 93.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">12.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Profit attributable to AT1 note holders are the coupons on the AT1 issuance, which are accounted for as dividends.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 100.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">13.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax Margin is calculated by dividing Adjusted Profit Before Tax (as defined above) by revenue for the period.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">14.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">The weighted average numbers of shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 448.45000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">69,231,625<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 478.41pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 481.73pt; position: var(--position); text-decoration: none; white-space: pre;">66,018,514<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 511.69pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 115.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">66,051,966<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 139.94pt; position: var(--position); text-decoration: none; white-space: pre;"> respectively. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 122.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">15.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">The weighted average numbers of diluted shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 467.75pt; position: var(--position); text-decoration: none; white-space: pre;">75,279,454<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 497.71000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 501.03000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">70,323,467<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 530.99pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 129.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 121.63000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">67,570,821<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 151.59pt; position: var(--position); text-decoration: none; white-space: pre;">respectively. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 136.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">16.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Common Equity is calculated as the average balance of total equity minus additional Tier 1 capital. For the years ended December 31, 2024 and 2023, Common <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">Equity is calculated as the average balance of total equity minus additional Tier 1 capital, as at December 31 of the prior year, March 31, June 30, September 30 <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 151.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">and December 31 of the current year. As outline above Management changes its calculation approach for Common Equity during the year. Had the prior year <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 158.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;">been calculated on the same methodology Common Equity would have been $633.3m. Adjusted Return on Equity would have remained 26%. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 165.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">17.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 109.98pt; position: var(--position); text-decoration: none; white-space: pre;"> Return on Equity is calculated as profit after tax for the period divided by average equity. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The Adjusted Sharpe ratio is computed as the average of monthly Adjusted Profit Before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Tax divided by the standard deviation of monthly Adjusted Profit Before Tax. The following table <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 206.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">reconciles the Adjusted Sharpe ratio from its most directly comparable IFRS&#160; ratio, the Sharpe ratio, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">which is calculated as the average monthly profit after tax divided by the standard deviation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">monthly profit after tax, for the periods presented: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 252.8pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 0pt; width: 195.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 195.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 107.24pt; position: var(--position); text-decoration: none; white-space: pre;">Year Ended December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 28.5pt; width: 195.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 7.69pt; width: 195.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(millions, except ratios)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 44.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average monthly Profit After Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 144.99pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 145.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 145.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 145.79999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 44.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);">18.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 44.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);">11.8<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 44.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">8.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 58.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Standard deviation on monthly profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 201.47pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(a)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 209.4pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 210.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 210.71pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 210.73pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 210.74pt; position: var(--position); text-decoration: none; white-space: pre;">.........................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 58.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">3.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 58.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">5.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 58.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">3.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sharpe ratio<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 60.92pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 62.080000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 62.660000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 62.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 63.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 63.14pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 63.150000000000006pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 72.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 48.73pt; position: var(--position); text-decoration: none; white-space: pre;">4.7<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 72.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 48.73pt; position: var(--position); text-decoration: none; white-space: pre;">2.0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 72.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 24.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.9pt;"></span></span><span style="left: 48.73pt; position: var(--position);">2.8<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average monthly Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 195pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 195.57999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 195.73pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 195.76999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 195.79pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.79999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">...............................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 102.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);">26.8<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 102.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);">19.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 102.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);">10.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Standard deviation on monthly Adjusted Profit Before Tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 255.18pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(a)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 263.11pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 263.26pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 263.34pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 263.36pt; position: var(--position); text-decoration: none; white-space: pre;">....<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 117pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">5.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 117pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">4.5<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 117pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 47.28pt; position: var(--position);">2.5<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 143.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.32pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Sharpe ratio<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 106.42999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 107.58999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 108.17pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108.19pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 143.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 48.73pt; position: var(--position); text-decoration: none; white-space: pre;">5.2<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 143.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 24.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.9pt;"></span></span><span style="left: 48.73pt; position: var(--position);">4.3<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 143.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 24.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.9pt;"></span></span><span style="left: 48.73pt; position: var(--position);">4.1<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 415.3pt; width: 612pt;"><div style="font-size: 0pt; left: 99.21pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 436.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 12.36pt;">(a)&#160;<span style="display: inline-block; height: 5.82pt; width: 6.02pt;"></span></span><span style="left: 117.58999999999999pt; position: var(--position); width: 422.25pt;">In each period, standard deviation is calculated as the square root of the variance of monthly profit after tax relative to<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.84pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 445.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 422.62pt;">the mean. The variance is calculated as the sum of the squares of the difference between monthly profit after tax and<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.83pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 455.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 422.77pt;">the mean profit after tax, divided by the number of months, and the calculation of the ratio is the same for the Sharpe<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.98pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 464.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 418.51pt;">ratio (on a monthly profit after tax basis) and the Adjusted Sharpe ratio (on a monthly Adjusted Profit Before Tax basis).<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 535.72pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">A reconciliation of Adjusted Profit Before Tax to profit after tax is included above. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Key Performance Indicators <span style="display: inline-block; height: 7.28pt;"></span><span id="i936b574c370a4f07a3bad6f54c17a6df"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Throughout this Annual Report, we provide a number of key performance indicators used <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">by our management and often used by competitors in our industry. We regularly monitor the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">following operating metrics in order to measure our current performance and project our future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">performance, which are defined as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;FTE&#8221; means the number of our full-time equivalents as of the end of a given period, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">which includes permanent employees and contractors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Average FTE&#8221; means the average number of our full-time equivalents over the period, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">including permanent employees and contractors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Revenue per front-office FTE&#8221; means front-office revenue for a given period divided by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">the average front-office FTE for the same period. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">95<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Adjusted Profit After Tax Attributable to Common Equity per FTE&#8221; means Adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">Profit After Tax Attributable to Common Equity divided by the average FTE for the same <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Active clients&#8221; means clients that have generated more than $5,000 in revenue for us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">in a given year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Average balances&#8221; means the average of the daily holdings in exchanges, banks and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">other investments over the period. Previously, average balances were calculated as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">average month end amount of segregated and non-segregated client balances that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">generated interest income over a given period.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Contracts cleared&#8221; means the total number of contracts cleared in a given period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Total Capital Ratio&#8221; means our total capital resources in a given period divided by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.21pt; position: var(--position); text-decoration: none; white-space: pre;">capital requirement for such period under the IFPR. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 266pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 459pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 274.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 61.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 61.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 61.5pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 0pt; width: 184.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 95.99pt; position: var(--position); text-decoration: none; white-space: pre;">Year Ended December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 14.25pt; width: 61.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.31pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 14.25pt; width: 61.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.31pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 14.25pt; width: 61.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.31pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FTE<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 21.49pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 21.779999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 21.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.84pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 28.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.78pt;"></span></span><span style="left: 32.410000000000004pt; position: var(--position);">2,425<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 28.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">2,167<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 28.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">1,641<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average FTE<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 61.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 61.6pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 61.75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 61.830000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 42.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">2,334<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 42.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">1,914<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 42.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">1,241<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average front-office FTE<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 111.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 111.67999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 111.75999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 111.8pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 111.81pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 57pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.78pt;"></span></span><span style="left: 32.410000000000004pt; position: var(--position);">1,250<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 57pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.78pt;"></span></span><span style="left: 32.410000000000004pt; position: var(--position);">1,028<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 57pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.78pt;"></span></span><span style="left: 32.410000000000004pt; position: var(--position);">695.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue per front-office FTE ($m)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 154.60999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 155.76999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 156.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 156.64pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.66pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 71.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 40.9pt;"></span></span><span style="left: 43.53pt; position: var(--position);">1.3<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 71.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 40.9pt;"></span></span><span style="left: 43.53pt; position: var(--position);">1.2<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 71.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 40.9pt;"></span></span><span style="left: 43.53pt; position: var(--position);">1.0<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit After Tax Attributable to Common Equity per <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FTE ($&#8217;000)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 55.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 56.54pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 56.690000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 56.730000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 56.74pt; position: var(--position); text-decoration: none; white-space: pre;">......................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 85.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.67pt;"></span></span><span style="left: 46.300000000000004pt; position: var(--position);">99<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 85.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.67pt;"></span></span><span style="left: 46.300000000000004pt; position: var(--position);">84<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 85.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.67pt;"></span></span><span style="left: 46.300000000000004pt; position: var(--position);">75<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111.75pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Active clients<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 60.940000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 61.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 61.67pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 61.75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 61.79pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 61.800000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 111.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">5,000<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 111.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">4,059<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 111.75pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">2,753<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 126pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average balances ($bn)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 108.58pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 109.16pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 109.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 109.28pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 109.3pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 109.31pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 126pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.34pt;"></span></span><span style="left: 37.970000000000006pt; position: var(--position);">13.5<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 126pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.34pt;"></span></span><span style="left: 37.970000000000006pt; position: var(--position);">12.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 126pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 40.9pt;"></span></span><span style="left: 43.53pt; position: var(--position);">9.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 140.25pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Contracts cleared (m)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 98.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 99.3pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.31pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 140.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.78pt;"></span></span><span style="left: 32.410000000000004pt; position: var(--position);">1,116<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 140.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.11pt;"></span></span><span style="left: 40.74pt; position: var(--position);">856<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 140.25pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.11pt;"></span></span><span style="left: 40.74pt; position: var(--position);">248<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 154.5pt; width: 274.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 274.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total Capital Ratio (%)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 102.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 103.19999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 103.78pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 104.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 104.14999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.16pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 274.5pt; position: var(--position); top: 154.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 40.74pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 40.74pt; position: var(--position);">234<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 154.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 40.74pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 40.74pt; position: var(--position);">229<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 154.5pt; width: 61.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 61.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 40.74pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 40.74pt; position: var(--position);">266<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 456.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Seasonality <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">While we are not materially impacted by seasonality, traditionally financial markets around <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the world generally experience lower volumes at the end of the year due to a slowdown in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">business activities around holiday seasons. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Client Activities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The majority of our balance sheet supports client activity, with approximately 79% of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">balance sheet activity driven by client activities as of year ended December 31, 2024. Our balance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">sheet is made up of short-duration, highly liquid instruments, which we believe drives quicker <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">turnover for these items. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The following table provides a breakdown of our balance sheet by client activities and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">residual balances as of December 31, 2024:&#160;  <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">96<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 84pt; width: 612pt;"><div style="font-size: 0pt; left: 99.21pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 143.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="6" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 0pt; width: 328.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 328.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 265.95pt; position: var(--position); text-decoration: none; white-space: pre;">Client Activities<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 33.04pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 6.4pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 5.95pt; position: var(--position); text-decoration: none; white-space: pre;">Agreements<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.94pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 9.5pt; position: var(--position); text-decoration: none; white-space: pre;">Derivatives<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 29.93pt; position: var(--position); text-decoration: none; white-space: pre;">Client<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 17.05pt; position: var(--position); text-decoration: none; white-space: pre;">Balances<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 12pt; width: 54.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 18.83pt; position: var(--position); text-decoration: none; white-space: pre;">Residual<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="6" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 48pt; width: 328.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 328.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 306.35pt; position: var(--position); text-decoration: none; white-space: pre;">($bn)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and liquid assets<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 93.08999999999999pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 96.33999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 97.5pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 97.64999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 97.72999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 97.74pt; position: var(--position); text-decoration: none; white-space: pre;">...................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">4.0<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade receivables<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 73.75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 74.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 75.19999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 75.22pt; position: var(--position); text-decoration: none; white-space: pre;">.............................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">7.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.9<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 72.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.6<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse purchase agreements<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 125.58pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 126.74pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 126.89pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 126.97pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 126.99pt; position: var(--position); text-decoration: none; white-space: pre;">......<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 85.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 98.25pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 42.1pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 45.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 45.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 46.010000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 46.050000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 46.06pt; position: var(--position); text-decoration: none; white-space: pre;">..........................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 98.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative assets<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 71.08999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 72.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 72.83pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 72.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 72.92999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 72.94pt; position: var(--position); text-decoration: none; white-space: pre;">..............................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">1.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">1.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 111pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 123.75pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other assets<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 53.620000000000005pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 56.870000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 57.160000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 57.31pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 57.330000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 123.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill and intangibles<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 100.06pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 100.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 100.11999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 149.25pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.76pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total assets<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 54.59pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 54.88pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 55.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 55.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 55.080000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">......................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 30.88pt;"></span></span><span style="left: 33.51pt; position: var(--position);">24.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">1.2<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">9.1<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">5.0<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 5.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 167.25pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade Payables<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 65.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 65.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 66.14pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 66.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.26pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.28pt; position: var(--position); text-decoration: none; white-space: pre;">.................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">9.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">9.1<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 167.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.6<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 101.08999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 102.25pt; position: var(--position); text-decoration: none; white-space: pre;">.................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 180pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 192.75pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 42.1pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 45.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 45.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 46.010000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 46.050000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 46.06pt; position: var(--position); text-decoration: none; white-space: pre;">..........................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 192.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 205.5pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 62.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 63.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 63.830000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 63.910000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 63.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 63.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">..................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">3.6<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 205.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">3.6<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 218.25pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 91.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 92.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 93.00999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 93.16pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 93.19999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 93.21pt; position: var(--position); text-decoration: none; white-space: pre;">.....................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 218.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 40.75pt;"></span></span><span style="left: 43.38pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 231pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other liabilities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 61.56pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.81pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 65.97pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 66.12pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 66.2pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.24pt; position: var(--position); text-decoration: none; white-space: pre;">.................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 39.38pt;"></span></span><span style="left: 42.010000000000005pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 231pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 243.75pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.76pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total liabilities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 65.08pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 66.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 66.25pt; position: var(--position); text-decoration: none; white-space: pre;">.................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 30.88pt;"></span></span><span style="left: 33.51pt; position: var(--position);">23.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">2.3<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">6.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">0.7<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 362.25pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">9.1<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 243.75pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">4.5<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 256.5pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.76pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net assets<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 47.6pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 48.18pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 48.260000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 48.300000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 48.31pt; position: var(--position); text-decoration: none; white-space: pre;">.........................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 256.5pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">1.0<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 269.25pt; width: 143.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.76pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total equity<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 53.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 54.230000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 54.81pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 54.89pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 54.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 54.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">......................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 269.25pt; width: 54.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.72pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 35.88pt;"></span></span><span style="left: 38.510000000000005pt; position: var(--position);">1.0<span style="display: inline-block; height: 6.55pt; width: 2.99pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="position: var(--position); top: 381pt; width: 612pt;"><div style="font-size: 0pt; left: 99.21pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 401.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 6.66pt;">1.<span style="display: inline-block; height: 5.82pt; width: 11.34pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 422.77pt;">Cash and liquid assets include cash and cash equivalents, fixed income securities pledged as collateral and fixed<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.98pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 411.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 103.44pt;">income securities unpledged.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 220.64999999999998pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 426.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 6.66pt;">2.<span style="display: inline-block; height: 5.82pt; width: 11.34pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 235.31pt;">Securities assets include equity instruments and stock borrowing.&#160;&#160;<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 442.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 6.66pt;">3.<span style="display: inline-block; height: 5.82pt; width: 11.34pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 422.68pt;">Other assets are inventory, corporate income tax receivable, deferred tax, investment in associate, investments, right-<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 452.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 173.6pt;">of-use assets, and property plant and equipment.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 290.81pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 467.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 6.66pt;">4.<span style="display: inline-block; height: 5.82pt; width: 11.34pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 203.75pt;">Securities liabilities are stock lending and short securities.<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 320.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 483.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 6.66pt;">5.<span style="display: inline-block; height: 5.82pt; width: 11.34pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 380.54pt;">Other liabilities are short term borrowings, deferred tax liability, lease liability, provisions and corporation tax.<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 497.75pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 502.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i355ad1235f9f4cf298a6eeb4edc1305c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Liquidity and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 200.11pt; position: var(--position); text-decoration: none; white-space: pre;">Capital<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 233.42000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> Resources<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Our primary sources of liquidity include cash from operations, proceeds from the Structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Notes Program and the Public Offer Program, drawdowns under our Credit Facilities and the EMTN <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Program, proceeds from the AT1 Securities and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.12pt; position: var(--position); text-decoration: none; white-space: pre;">Tier 2 Notes <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 368.94pt; position: var(--position); text-decoration: none; white-space: pre;">and proceeds from the Senior Notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Offering. We consider liquidity in terms of the sufficiency of these resources to fund our operating, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">investing and financing activities for a period of 12 months after the financial statement issuance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">date. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We require, and will continue to require, significant cash resources to, among other things, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">post margin with exchanges for client trades, invest into higher yielding permissible investments, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">pay employee compensation and fund acquisitions while maintaining regulatory minimums. One <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">such regulatory minimum is the K-factor capital requirement, which reflects an assessment of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">market, credit and operational risk for a company&#8217;s operations as defined by the IFPR regulations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">For the years ended December 31, 2024 and 2023, we were subject to regulatory minimum K-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">factor capital requirements of $256 million and $185 million, respectively, and we had $723 million <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and $538 million total regulatory capital available for the same periods, respectively. Growth in our <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">97<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">K-factor requirements was due to a combination of revenue and balance sheet growth and client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">activity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">We hold excess capital to support our credit ratings and had a total capital ratio of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 498.27pt; position: var(--position); text-decoration: none; white-space: pre;">234%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 523.84pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.66pt; position: var(--position); text-decoration: none; white-space: pre;">229%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144.23pt; position: var(--position); text-decoration: none; white-space: pre;"> for the years ended December 31, 2024 and 2023, respectively, and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 450.7pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 456.26pt; position: var(--position); text-decoration: none; white-space: pre;">1,060<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 481.27pt; position: var(--position); text-decoration: none; white-space: pre;"> million<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 512.37pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.77pt; position: var(--position); text-decoration: none; white-space: pre;">739<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> million in liquidity headroom as of December 31, 2024 and 2023, respectively. Our total capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ratio is calculated by taking our total capital resources divided by the capital <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 435.26pt; position: var(--position); text-decoration: none; white-space: pre;">requirements<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 493.59999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">IFPR during the relevant period. We calculate our liquidity requirement as the maximum cumulative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">outflow based on stress scenarios that consider a combination of systemic and idiosyncratic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">factors. The liquidity headroom (surplus liquid assets above the liquidity requirement) is monitored <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">by executive management and the Board based on approved limits and early warning indicators.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The risk-adjusted capital framework (&#8220;RACF&#8221;) is used to evaluate the capital adequacy of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">financial institutions. The RACF is used to derive a risk-adjusted capital ratio (&#8220;RAC ratio&#8221;) by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">comparing a company&#8217;s measure of capital, which is total adjusted capital including equity and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">hybrids, to the risks undertaken by a company as measured by risk-weighted assets (&#8220;RWAs&#8221;) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">including credit, market, operational and counterparty risk exposure. The RAC ratio reflects a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">company&#8217;s relative level of capitalization in the context of the economic and industry risks it is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">exposed to and measures the capital amount available for the company to absorb losses. To <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">determine a company&#8217;s RWAs, the risk exposure amount is multiplied by the associated risk weight. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">The RACF is calibrated so that a RAC ratio of 8% means that a company should have sufficient <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">capital to withstand a substantial stress scenario in developed markets. As of December 31, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and December 31, 2023, we calculated our RAC ratio for S&amp;P Global Ratings to be 12.0% and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">11.2%, respectively, and our leverage ratio was 3.3 times and 4.0 times for the same periods, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">respectively. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, on October 15, 2024 we filed a Senior Notes Registration Statement to offer, on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">a continuous basis, up to $7<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.64999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">00<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 234.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> million in aggregate principal amount, or the equivalent thereof in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">any other currency, of Senior Notes due nine months or more from date of issue. In conjunction with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the Senior Notes Registration Statement, we entered into a senior indenture with Citibank, N.A. as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Trustee. On October 30, 2024 we completed an offering under this Senior Notes Registration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Statement and received net proceeds <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.09pt; position: var(--position); text-decoration: none; white-space: pre;">of<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.42pt; position: var(--position); text-decoration: none; white-space: pre;"> $596.7m. The notes have a fixed interest rate of 6.404%, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">mature in November 2029 and are rated BBB- by both S&amp;P and Fitch. The Senior Notes contain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">features such as an optional redemption clean-up call; offer to repurchase upon a change of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">control; and interest rate adjustment based on ratings events. The Senior Notes do not have any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">financial covenants.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In January 2023, the company completed a public offering of senior unsecured Euro <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 519.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Medium Term Notes (EMTNs) of aggregate principal &#8364;300 million. The notes have a fixed interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 531pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">rate of 8.375%, mature in February 2028 and are rated BBB- by both S&amp;P and Fitch. The EMTNs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">contain features such as early redemption calls related to refinancing (clean-up call, par call); early <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">redemption linked to tax law changes; and a negative pledge condition. The EMTNs do not have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 565.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">any financial covenants.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 587pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The company has a committed unsecured Revolving Credit Facility (Marex Revolving <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Credit Facility) of $150 million with a maturity date of June 2026. The Marex RCF has non-financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">covenants consistent with typical covenants for this type of facility and the following financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 621.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">covenants:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 643pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Total Leverage Ratio to be less than 3.00x<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 665pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Interest Coverage Ratio to be greater than or equal to 3.00x<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 687pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Tangible Net Worth to be greater than $250m<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">98<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 95.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The company, through its subsidiary MCMI, has a committed unsecured Revolving Credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 107.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Facility (MCMI Revolving Credit Facility) of $125 million with a maturity date of May 2025. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 119.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">MCMI RCF has non-financial covenants consistent with typical covenants for this type of facility and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 131.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the following financial covenants:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 153.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Minimum Total Regulatory Capital at all times of $500 million<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 175.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Minimum Excess Net Capital at all times of $50m with the exception that on up to three <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 187.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">instances per quarter, for a maximum of 5 consecutive business days per occurrence, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 199.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Excess Net Capital is permitted to be below $50m but must remain above $40m at all times.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 221.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum Total Leverage Ratio (defined as indebtedness outstanding (exclusive of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 233.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">subordinated facilities) divided by total regulatory capital) of 50%. Indebtedness excludes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 245.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">securities financing facilities and intercompany facilities that are subordinated or covered by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 257.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">an intercreditor agreement acceptable to the Administrative Agent.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 279.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">Minimum Net Capital at all times of $350m<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 301.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 124.72999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.23pt; position: var(--position); text-decoration: none; white-space: pre;">One Zero Loan Days per 30-day period<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 323.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the above many of the Group&#8217;s material operating subsidiaries are subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 335.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory restrictions and minimum capital requirements, please refer to Note 31 of the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">statements included within this Annual Report for for further detail. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Based on our forecasts, we believe that cash flows from our operations, available cash on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">hand and available borrowing capacity under our Credit Facilities and security issuance programs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">outlined above will be adequate to service debt, meet liquidity needs and fund necessary capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 405.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">expenditures for at least the next 12 months. Our future capital requirements will depend on many <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 417.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">factors, including any future acquisitions. We could be required, or could elect, to seek additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 429.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">funding through public or private equity or debt financings<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 353.09pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 355.85999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 451.8pt; width: 612pt;"><div style="left: 99.21pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img src="mar-20241231_g1.jpg" alt="Capital and liquidity slide investor presentation FY 2024.jpg" style="height: 184.74pt; width: 439.37pt;"/></div></div></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 661.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 4.44pt;">1<span style="display: inline-block; height: 5.82pt; width: 13.56pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 19.09pt;">Total <span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 136.3pt; position: var(--position); text-decoration: none; white-space: pre; width: 23.08pt;">capital<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 159.38pt; position: var(--position); text-decoration: none; white-space: pre; width: 314.29pt;"> ratio is calculated as total capital resources over capital requirement under IFPR regime.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 473.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 677.14pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 4.44pt;">2<span style="display: inline-block; height: 5.82pt; width: 13.56pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 422.66pt;">Minimum capital requirement is determined by the Own Funds Threshold Requirement based on Marex&#8217;s latest Internal<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.87pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 686.74pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 210.47pt;">Capital Adequacy and Risk Assessment (&#8220;ICARA&#8221;) process.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 327.68pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 702.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 4.44pt;">3<span style="display: inline-block; height: 5.82pt; width: 13.56pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 353.81pt;">Regulatory capital represents tangible equity and other instruments that qualify as regulatory capital.<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 471.02pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 312.93pt; position: var(--position); white-space: pre;">99<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 99.21pt; position: var(--position); width: 8.88pt;">4. <span style="display: inline-block; height: 5.82pt; width: 9.12pt;"></span></span><span style="left: 117.21pt; position: var(--position); width: 247.15pt;"> Funding sources include $3.6bn of debt securities and $0.2bn of AT1.<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 364.35999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 91.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Cash<span style="display: inline-block; height: 7.28pt;"></span><span id="i70c0618e9d424d3d97e4eff85f2bebe8"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 123.64999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> Flows <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 113.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Years ended December 31, 2024 and 2023 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">The following table summarizes our key cash flows for the year ended December 31, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">and 2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 169.6pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 341.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 0pt; width: 130.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 130.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 85.52pt; position: var(--position); text-decoration: none; white-space: pre;">Years Ended<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.03pt; width: 130.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 82.39pt; position: var(--position); text-decoration: none; white-space: pre;">December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 26.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 26.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 40.5pt; width: 130.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 130.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 116.99pt; position: var(--position); text-decoration: none; white-space: pre;">(m)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 54.75pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 25.62pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 33.11pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 54.75pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 25.62pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 33.11pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash from operating activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 150.37pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 150.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 151.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 151.04999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.06pt; position: var(--position); text-decoration: none; white-space: pre;">...........................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 69pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.66pt; position: var(--position); text-decoration: none; white-space: pre;">1,163.5<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 69pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.99pt; position: var(--position); text-decoration: none; white-space: pre;">735.0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash used in investing activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 160.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 160.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 161.04pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.06pt; position: var(--position); text-decoration: none; white-space: pre;">.......................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 83.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.89pt; position: var(--position); text-decoration: none; white-space: pre;">(35.3)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 83.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.89pt; position: var(--position); text-decoration: none; white-space: pre;">(97.6)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash used in financing activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 160.94pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 161.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.10999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.......................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 97.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.89pt; position: var(--position); text-decoration: none; white-space: pre;">(37.2)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 97.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 34.89pt; position: var(--position); text-decoration: none; white-space: pre;">(72.8)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 296.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 156.6pt;">Net Cash From Operating Activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 255.81pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash from operating activities was $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 311.83000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">1,163.5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.17pt; position: var(--position); text-decoration: none; white-space: pre;"> million for the year ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2024 as compared to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 201.44pt; position: var(--position); text-decoration: none; white-space: pre;">735.0<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.45pt; position: var(--position); text-decoration: none; white-space: pre;"> million for the year ended December 31, 2023. The increase was due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">primarily to an increase in net stock borrowing and lending and trade and other payables, offset by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">a decrease in trade and other receivables and increase in equity instruments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 376.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 163.83pt;">Net Cash Used In Investing Activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 263.04pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 398.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash used in investing activities was $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 321.84000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">35.3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 341.29pt; position: var(--position); text-decoration: none; white-space: pre;"> million for year ended December 31, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 410.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">as compared to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.43pt; position: var(--position); text-decoration: none; white-space: pre;">97.6<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.88pt; position: var(--position); text-decoration: none; white-space: pre;"> million for the year ended December 31, 2023. The decrease was due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">primarily to a lower acquisition activity during 2024 compared to 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 444.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 166.62pt;">Net Cash Used in Financing Activities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 265.83pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash used in financing activities was $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 322.4pt; position: var(--position); text-decoration: none; white-space: pre;">37.2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 341.85pt; position: var(--position); text-decoration: none; white-space: pre;"> million for the year ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">2024 as compared to $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 201.44pt; position: var(--position); text-decoration: none; white-space: pre;">72.8<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.89pt; position: var(--position); text-decoration: none; white-space: pre;"> million for the year ended December 31, 2023. The decrease was due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">primarily to the receipt of proceeds from the issuance of ordinary shares in the IPO, partly offset by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 502.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">the $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.42999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">77.1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 140.88pt; position: var(--position); text-decoration: none; white-space: pre;">million of dividends paid to shareholders and holders of AT1 securities during the period <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">ended December 31, 2024. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">Contractual <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 157.5pt; position: var(--position); text-decoration: none; white-space: pre;">Obligations<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 212.43pt; position: var(--position); text-decoration: none; white-space: pre;"> and Commitments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">In the normal course of business, we enter into various contractual obligations that may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">require future cash payments. The table below sets forth our contractual obligations and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">commitments to make future payments by type and period as of December 31, 2024 and December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">31, 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 616.35pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 170.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Contractual Obligations<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 26.15pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 35.13pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 13.15pt; position: var(--position); text-decoration: none; white-space: pre;">demand<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.71pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 5.66pt; position: var(--position); text-decoration: none; white-space: pre;">Less than <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 42.62pt; position: var(--position); text-decoration: none; white-space: pre;">3<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 15.16pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 19.14pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 15.16pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 24.14pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 21.62pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 4.67pt; position: var(--position); text-decoration: none; white-space: pre;">More than <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 16.62pt; position: var(--position); text-decoration: none; white-space: pre;">5 years<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 35.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 33.64pt; position: var(--position); text-decoration: none; white-space: pre;">(m)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 101.08999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 102.25pt; position: var(--position); text-decoration: none; white-space: pre;">.............................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">2,305.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">2,305.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.59pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 65.75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 66.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.19pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.21pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,704.6<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,704.6<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">houses and other counterparties<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 131.59pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 131.60999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 131.62pt; position: var(--position); text-decoration: none; white-space: pre;">................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,501.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,218.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">282.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">0.7<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 440pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 309.6pt; position: var(--position); white-space: pre;">100<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 440pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 170.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 110.08999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 111.25pt; position: var(--position); text-decoration: none; white-space: pre;">.........................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">7,270.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">7,270.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 65.42999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 66.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.16pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.17999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">470.2<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">3.6<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">463.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">3.2<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 62.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 63.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 63.830000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 63.910000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 63.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 63.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">17.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">6.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">4.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">4.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">2.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 56.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 57.190000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 57.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 57.31pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">4,952.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">4,804.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">147.6<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short term borrowings<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 91.06pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 91.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 91.11999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">152.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">152.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63.75pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 62.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 63.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 63.830000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 63.910000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 63.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 63.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">3,604.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,235.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">883.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,434.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">50.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 76.5pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 63.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 63.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 64.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 64.05pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 64.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 64.08pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">104.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">3.7<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">10.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">52.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">37.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.21pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-derivative financial <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.01pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities as of December 31, 2024<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 148.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 149.23pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 149.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 149.46pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 149.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 149.49pt; position: var(--position); text-decoration: none; white-space: pre;">........<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 10.25pt;"></span></span><span style="left: 12.879999999999999pt; position: var(--position);">22,083.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 10.25pt;"></span></span><span style="left: 12.879999999999999pt; position: var(--position);">13,303.7<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">6,299.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">902.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,490.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">87.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 202.25pt; width: 612pt;"><div style="font-size: 0pt; left: 94.96pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 170.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 26.15pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 35.13pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 13.15pt; position: var(--position); text-decoration: none; white-space: pre;">demand<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.71pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 5.66pt; position: var(--position); text-decoration: none; white-space: pre;">Less than <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 42.62pt; position: var(--position); text-decoration: none; white-space: pre;">3<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 15.16pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 19.14pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 15.16pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 24.14pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 21.62pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.51pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 4.67pt; position: var(--position); text-decoration: none; white-space: pre;">More than <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 25.31pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 16.62pt; position: var(--position); text-decoration: none; white-space: pre;">5 years<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="6" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 35.25pt; width: 301.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 301.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 265.37pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 19.52pt;"></span></span><span style="left: 284.89pt; position: var(--position);">(m)<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 101.08999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 102.25pt; position: var(--position); text-decoration: none; white-space: pre;">.............................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">3,118.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">3,118.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.59pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 65.75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 66.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.19pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.21pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,924.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">1.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,923.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 60.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 170.25pt;"><div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 13.43pt; width: 170.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">houses and other counterparties<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 131.59pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 134.84pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 136pt; position: var(--position); text-decoration: none; white-space: pre;">..............<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,461.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">1,461.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 170.25pt;"><div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 110.08999999999999pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 113.33999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 113.49pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 113.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 113.61pt; position: var(--position); text-decoration: none; white-space: pre;">........................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">4,899.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">4,899.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 97.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 110.25pt; width: 170.25pt;"><div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 64.27pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 67.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 68.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 68.39pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 68.47pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 68.50999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 68.53pt; position: var(--position); text-decoration: none; white-space: pre;">............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">16.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">16.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 110.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 123pt; width: 170.25pt;"><div><div style="font-size: 12pt; line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 62.09pt; position: var(--position); text-decoration: none; top: -2.2925pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.2575pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 65.34pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 65.92pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 66.21pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 66.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 66.28pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">18.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">6.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">9.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">1.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 123pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 135.75pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 56.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 57.190000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 57.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 57.31pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">2,323.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">2,323.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 135.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 148.5pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 62.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 63.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 63.830000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 63.910000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 63.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 63.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">2,216.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">440.2<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">868.2<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">889.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">18.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 161.25pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 63.57pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 63.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 64.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 64.05pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 64.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 64.08pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">57.8<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 36.25pt;"></span></span><span style="left: 38.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 32.75pt;"></span></span><span style="left: 35.38pt; position: var(--position);">3.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">10.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">31.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">12.5<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174pt; width: 170.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.21pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-derivative financial <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.01pt; width: 170.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities as of December 31, 2023<span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 148.07pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 149.23pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 149.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 149.46pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 149.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 149.49pt; position: var(--position); text-decoration: none; white-space: pre;">........<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 10.25pt;"></span></span><span style="left: 12.879999999999999pt; position: var(--position);">16,036.3<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">6,384.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 270.75pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 15.25pt;"></span></span><span style="left: 17.88pt; position: var(--position);">7,819.1<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">880.4<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 22.75pt;"></span></span><span style="left: 25.38pt; position: var(--position);">920.9<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 6.55pt; width: 27.75pt;"></span></span><span style="left: 30.38pt; position: var(--position);">31.0<span style="display: inline-block; height: 6.55pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 419.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 440.72pt;">1.&#160; The Group has enhanced the granularity of categories presented within 'Trade and Other Payables' to better depict the<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 429.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 117.21pt; position: var(--position); text-decoration: none; white-space: pre; width: 356.52pt;">nature of these balances. Prior year comparatives have been aligned for consistency of presentation.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 473.72999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="iac785f09bbc2440d8425199a7d81d671"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Research and Development, Patents and Licenses, etc.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">During the ordinary course of business, the Group develops new financial products and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">service offerings and the Group does obtain tax credits from certain qualifying research and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">development costs in the UK . Overall research and development, patent and licenses do not form <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">a core part of the Group&#8217;s operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="i825bd979d36249809e1d7916f897db2f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Trend Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Other than as disclosed elsewhere in this Annual Report, we are not aware of any trends, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">uncertainties, demands, commitments or events since December 31, 2024 that are reasonably <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">likely to have a material adverse effect on our revenues, income, profitability, liquidity or capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">resources, or that would cause the disclosed financial information to be not necessarily indicative of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">future operating results or financial conditions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 99.21000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">E.<span style="display: inline-block; height: 7.28pt;"></span><span id="ie53c588587744609adc96b696224c98e"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Critical Accounting Estimates<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.21pt; position: var(--position); text-decoration: none; white-space: pre;">Critical accounting judgements and key sources of estimation uncertainty are discussed in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.21pt; position: var(--position); text-decoration: none; white-space: pre;">note 4 to the financial statements.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">101<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2028"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 6.<span style="display: inline-block; height: 7.28pt;"></span><span id="i3ed0a4b2e54b4d6b9ed49170ec20b133"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Directors, Senior Management And Employees<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="ib0e9dc9c13114c06a5396f37d49c4a70"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Directors and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 175.18pt; position: var(--position); text-decoration: none; white-space: pre;">Senior<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 206.26pt; position: var(--position); text-decoration: none; white-space: pre;"> Management<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officers and Directors<span style="display: inline-block; height: 8.73pt;"></span><span id="i019d42ac1b6f42798334ff2373dd0666"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following table presents information about our current executive officers and directors as of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 152.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">March 3, 2025<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.89pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 174.4pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 473.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 186.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 32.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 254.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 186.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 165.07pt; position: var(--position); text-decoration: none; white-space: pre;">Name<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 0pt; width: 32.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.41pt; position: var(--position); text-decoration: none; white-space: pre;">Age<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 0pt; width: 254.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 224.05pt; position: var(--position); text-decoration: none; white-space: pre;">Position<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 186.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: italic; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officers<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 45.39pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 45.970000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 46.260000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 46.410000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 46.49pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 46.510000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.52pt; position: var(--position); text-decoration: none; white-space: pre;">.......................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 28.5pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">61<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 28.5pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer and Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 42.620000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 43.78pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 43.93pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 43.970000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 43.99pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 42.75pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">47<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 42.75pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Financial Officer and Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Paolo Tonucci<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.67999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 65.84pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 66.42pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 66.44pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 57pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">56<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 57pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Strategist and CEO of Capital Markets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Simon van den Born<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 93.17999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 93.75999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 93.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 93.99pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 94.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.05pt; position: var(--position); text-decoration: none; white-space: pre;">....................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 71.25pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">57<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 71.25pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">President<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Thomas Texier<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 68pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 68.58pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 68.86999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 69.02pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 85.5pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">51<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 85.5pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Group Head of Clearing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nilesh Jethwa<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 66.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 66.3pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 66.45pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 66.46pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 99.75pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">46<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 99.75pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer of Marex Solutions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129.75pt; width: 186.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: italic; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Board of Directors<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 76.50999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 76.58999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 76.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 76.61999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">...........................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 144pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">65<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 144pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chair<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 158.25pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 141.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 141.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 141.6pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 141.62pt; position: var(--position); text-decoration: none; white-space: pre;">.................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 158.25pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">63<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 158.25pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 172.5pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 45.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 46.54pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.56pt; position: var(--position); text-decoration: none; white-space: pre;">.......................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 172.5pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">58<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 172.5pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 186.75pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 57.080000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 58.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 58.82pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 58.900000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 58.940000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 186.75pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">60<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 186.75pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 64.11pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 64.12pt; position: var(--position); text-decoration: none; white-space: pre;">................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 201pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">60<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 201pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 215.25pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John W. Pietrowicz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 87.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 88.19999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 88.78pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.92999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">......................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 215.25pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">60<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 215.25pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 229.5pt; width: 186.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 186.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 71.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 71.6pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 71.61999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186.75pt; position: var(--position); top: 229.5pt; width: 32.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 32.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.56pt; position: var(--position); text-decoration: none; white-space: pre;">40<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 229.5pt; width: 254.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 254.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 433.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officers<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 455.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following is a brief summary of the business experience of our executive officers.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 477.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 157.37pt; position: var(--position); text-decoration: none; white-space: pre;">has served as our Chief Executive Officer since January 2016 and on our Board since <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 489.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">November 2012. Mr. Lowitt joined us in November 2012 as Chief Financial Officer. From 2008 to 2012, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 501.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mr. Lowitt was at Barclays Bank where, after the acquisition of Lehman Brothers, he managed the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 513.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">integration of the businesses and support functions and served as the Chief Operating Officer of Barclays <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 525.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Wealth America. From 1994 to 2008, Mr. Lowitt worked at Lehman Brothers in a variety of roles, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 537.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Head of Corporate Development and Strategy, Global Treasurer and Head of Tax, Chief Administrative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 549.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Officer (Europe), Co-Chief Administrative Officer and later as Chief Financial Officer. Mr. Lowitt holds a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 561.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Master of Science in Economics and a Master of Arts in Philosophy, Politics and Economics from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 573.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">University of Oxford, which he attended as a Rhodes Scholar, and a Bachelor of Science and a&#160;Master of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 585.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Science in Electrical Engineering from University of Witwatersrand in Johannesburg.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 607.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.28pt; position: var(--position); text-decoration: none; white-space: pre;"> joined us as Chief Financial Officer in March 2023 and has served on our Board since <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 619.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">May 2023. From 2011 to 2022, Mr. Irvin worked at HSBC, where he held Chief Financial Officer roles for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 631.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">both the Private Bank and Investment Banking divisions. Mr. Irvin is a Chartered Accountant, having <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 643.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">started his career at Deloitte. Mr. Irvin holds a&#160;Bachelor of Arts with Honours in Economics and Social <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 655.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">History from&#160;University of York.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 677.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Paolo Tonucci<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.25pt; position: var(--position); text-decoration: none; white-space: pre;"> has served as our Chief Strategist and CEO of Capital Markets since May 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 689.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mr. Tonucci joined us in May 2018 as Chief Operating Officer and served as Chief Financial Officer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 701.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between October 2020 and April 2023. From January 2014 to April 2018, Mr. Tonucci served as Group <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">102<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Treasurer at the Commonwealth Bank of Australia based in Sydney, where he was responsible for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">funding, capital, asset and balance sheet management and investment of group liquidity. From <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">September 2008 to December 2013, Mr. Tonucci served as the Head of Balance Sheet Management and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">later as the Head of Funding and Liquidity and Head of Africa Treasury at Barclays. From December 1996 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to September 2008, Mr. Tonucci worked at Lehman Brothers in London and New York in various roles <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including Global Head of Asset and Liability Management, Global Head of Financial Planning, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">International Treasurer and later as Global Treasurer, where he sat on the board of several management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committees. Mr. Tonucci is a Chartered Accountant and holds a Master of Arts in Economics from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">University of Cambridge.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Simon van den Born<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.12pt; position: var(--position); text-decoration: none; white-space: pre;"> has served as our President since June 2019. Mr. van den Born joined us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in 2010 as Managing Director and Global Head of Metals and served on our Board from January 2016 to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">February 2021. From 2004 to 2010, Mr. van den Born worked at Valhalla Capital Management as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Portfolio Manager, and from 1994 to 2002, he worked at Goldman Sachs in the Commodity Index and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Metals teams.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Thomas Texier<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> has served as our Group Head of Clearing since July 2020. From April 2015 to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">July 2020, Mr. Texier served as Managing Director and later as Chief Operating Officer of R.J. O&#8217;Brien&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">London business, where he was responsible for the global IT organization and served on their Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee. From July 2002 to March 2015, he held several roles at Kyte Group London, prior to which he <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">served as Operations Manager at FCT Europe Limited between August 2001 and June 2002 and as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Deputy General Manager at Soci&#233;t&#233; G&#233;n&#233;rale in Japan between November 1997 and July 2001. Mr. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Texier holds a Master of Management from the Kedge Business School in France.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Nilesh Jethwa<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.63pt; position: var(--position); text-decoration: none; white-space: pre;"> is Chief Executive Officer of our Marex Solutions business, which he set up in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2017. From April 2008 to December 2016, Mr. Jethwa worked at Leonteq, which he helped launch and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ultimately went public on the Swiss Stock Exchange, where he ran their Markets Division, managing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading, sales, structuring, quantitative analytics and treasury. From July 2000 to March 2008, he worked <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at Lehman Brothers as an Executive Director and the Head of Single Stock Exotics, trading for Europe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the Middle East. Mr. Jethwa is also a Trustee of Noah&#8217;s Ark Children&#8217;s Hospice. Mr. Jethwa holds a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Master of Arts in Mathematics from the University of Cambridge.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board of Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following is a brief summary of the business experience of our board of directors. See above <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for a summary of the business experience of Ian Lowitt and Rob Irvin.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.94pt; position: var(--position); text-decoration: none; white-space: pre;"> has served on our Board since September 2021, becoming Senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Independent Director in March 2022 and then Chair of the board in October 2023. Mr. Pickering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">previously served on the board of directors of Itau BBA, the investment banking arm of Itau Unibanco. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">From 1985 to 2008, Mr. Pickering held a variety of positions at Cazenove, where he built its financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">advisory practice and grew its wealth management division, becoming its first Chief Executive. Robert <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also negotiated and led Cazenove&#8217;s successful joint venture with JPMorgan in 2004. Since leaving <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Cazenove, Mr. Pickering has focused on a portfolio career, acting as an advisor to private individuals and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">boards, mainly in financial services. Mr. Pickering&#8217;s extensive experience on various boards has included <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a variety of corporate transactions including IPOs, mergers, fundraisings and private equity. Mr. Pickering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holds a&#160;Master of Arts in Law from the University of Oxford.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> has served on our Board since September 2021 and as Chair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the risk committee since August 2022. Prior to these roles, from 1988 to 2007, Mr. Graf von Schweinitz <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">held a variety of executive positions at Kleinwort Benson and then Dresdner Group,&#160;including Head of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk Management for investment banking. Mr. Graf von Schweinitz also serves as an independent chair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of SG Kleinwort Hambros Bank and as a non-executive director at Egerton Capital. He holds Bachelor of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Arts and Master of Arts degrees in History and Economics from the University of&#160;Oxford.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">103<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.51pt; position: var(--position); text-decoration: none; white-space: pre;"> has served on our Board since July 2021, serving as Senior Independent Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">since October 2023 and as Chair of the audit and compliance committee since March 2022. Ms. Ing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">worked in audit and corporate finance, following which she was an equity research analyst covering the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">general financials sector from 2008 to 2017. Ms. Ing founded a hedge fund investment management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business between 2004 and 2008. She currently serves as an independent non-executive director and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee chair at CMC Markets plc, XPS Group plc and City of London Investment Group plc. Ms. Ing is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a chartered accountant and holds a Bachelor of Science with Honours from Durham University.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.3pt; position: var(--position); text-decoration: none; white-space: pre;"> has served on our Board since January 2024 and was appointed Chair of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee in March 2024. Until 2022, Ms. Myers was a&#160;senior partner at Kirkland &amp; Ellis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LLP. During her tenure at Kirkland &amp; Ellis, she served on the firm&#8217;s global management committee from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2010 to 2020, chaired the committee responsible for firm policies, served on two committees responsible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for compensation and established a number of diversity-focused task forces and initiatives. Ms. Myers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also serves as the chair of the board of directors of the National Philanthropic Trust and, for both Gibraltar <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Industries and LCI Industries, on the boards of directors and as chair of their respective Nomination and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Governance Committees. She holds a Bachelor of Arts in International Relations and Economics from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">University of Wisconsin-Madison and a Juris Doctorate from the Georgetown University Law Center.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.82pt; position: var(--position); text-decoration: none; white-space: pre;">has represented JRJ Group on our Board since 2010. Mr. Nagioff is a founding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">partner of JRJ Group, and from 1997 to 2008, he served in various senior executive positions at Lehman <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Brothers, including Global Head of Fixed Income, Chief Operating Officer for Europe and Co-Head Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equities. Prior to that, between 1989 and 1997, Mr. Nagioff held a&#160;variety of senior positions in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equities division at NatWest Markets. He holds a Bachelor of Arts degree in Law from what is now the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">University of London.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">John W. Pietrowicz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.01pt; position: var(--position); text-decoration: none; white-space: pre;"> joined our Board in&#160;April 2024. Mr. Pietrowicz served as&#160;Chief Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Officer of the CME Group from 2014, until his retirement in April 2023. Mr. Pietrowicz began his career at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the CME Group in 2003, where he served on the management team from&#160;2010. From 2012 to 2023, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mr.&#160;Pietrowicz also served as a director of S&amp;P Dow Jones Indices LLC, and from 2020 to 2023, he <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">served on the board of the World Federation of Exchanges. From 2018 to 2022, Mr.&#160;Pietrowicz served on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Financial Accounting Standards Advisory Committee, and from 2012 to 2016, he served on the board <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Bolsa Mexicana de Valores. Before joining the CME Group, Mr. Pietrowicz served as Chief Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Officer for The Merchants&#8217; Exchange, an electronic commodities exchange based in Chicago. Mr. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Pietrowicz has also served as an independent director of Federal Home Loan Bank of Chicago since <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">January 2025. Mr.&#160;Pietrowicz holds a Bachelor of Business Administration in accounting from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">University of Notre Dame and a Master of Business Administration in&#160;Finance from Loyola University <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Chicago. He is also a Certified Public&#160;Accountant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.86pt; position: var(--position); text-decoration: none; white-space: pre;"> was a director on&#160;our Board from 2018 to 2021, representing JRJ Group and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was reappointed to our Board in April 2024. Mr. Richards has 17 years of experience in investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">banking and private equity, with special focus on financial services. Since 2015, Mr. Richards has been at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">JRJ Group, holding the role of Principal since 2018. From 2014 to 2015, Mr. Richards was a&#160;senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associate at Partners Capital LLP. Prior to that, Mr. Richards was an investment banker at JP Morgan. He <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holds a&#160;Bachelor of Arts (Honours) degree in Classics from Durham&#160;University.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">There are no family relationships among any of our executive officers or directors.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Other than as disclosed in Item 7. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 259.61pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Major Shareholders and Related Party Transactions &#8211; Related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Party Transactions&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.64pt; position: var(--position); text-decoration: none; white-space: pre;"> below, there are no arrangements or understandings with major shareholders, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customers, suppliers or others, pursuant to which any person referred to above was selected as a director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or member of senior management.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">104<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2051"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i8ecb9d08af9a4592bb55ce1466d70ec0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We set out below the amount of compensation paid and benefits in kind provided by us or our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries to our executive officers and members of our Board for services in all capacities to us or our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries for the year ended December 31, 2024, as well as the amount we contributed to retirement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefit plans for our executive officers and members of our Board. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officer and <span style="display: inline-block; height: 7.28pt;"></span><span id="i5a3e349482534379930deea0640077ac"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 176.94pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 215.26pt; position: var(--position); text-decoration: none; white-space: pre;"> Compensation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The total aggregate amount of remuneration paid and benefits in kind provided to our executive officers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and directors for services in all capacities for the year ended December 31, 2024 was $40.5 million. Of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that aggregate amount, $12.5 million related to remuneration paid to members of our Board. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate amounts include remuneration paid, bonuses paid for the year, amounts received under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 218.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incentive plans described below under &#8220;&#8212;Equity Incentive Plans,&#8221; contributions to pensions and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">retirement benefits, excess retirement benefits, compensation for loss of office and consideration paid to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">third parties for directors&#8217; services. For the year ended December 31, 2024, the highest paid director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">received remuneration of $6.9 million. One Non-Executive Director of the Company stepped down in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024 and received payment of $76 thousand (being accrued fees in respect of the contractual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notice period). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We do not set aside or accrue any amounts to provide pension, retirement or similar benefits to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">members of our Board or executive officers, although we made defined contribution pension contributions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on behalf of, and paid pension allowances to, our directors and executive officers, which are included in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the aggregate total above. We do not currently maintain any profit sharing plan for the benefit of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executive officers or directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">During the year ended December 31, 2024, pursuant to our equity incentive plans described <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under &#8220;&#8212;Equity Incentive Plans,&#8221; we granted awards to our executive officers and directors in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate amount of $10 million, of which $2.6 million was awarded to the highest paid director. During <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the year ended December 31, 2024, five executive officers and directors had vestings under the 2021 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">DBP and six executive officers and directors had vestings under the 2022 DBP. As described below, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executive officers and other employees receive discretionary bonuses, which may be included in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deferred bonus plan or other incentive plan as relevant to such employee. See &#8220;&#8212;Equity Incentive Plans&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">included in this section.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officer and Director Agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have entered into written employment agreements with each of our executive officers. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreements provide for notice periods of 12 months for termination of the agreement by us or by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relevant executive officer, during which time the executive officer will continue to receive base salary and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefits. These agreements also contain customary provisions regarding non-competition, confidentiality <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of information and assignment of inventions. However, the enforceability of the non-competition provisions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may be limited under applicable law. We also entered into customary agreements with our non-executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors in connection with our IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equity Incentive Plans<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options and other equity incentive awards are outstanding under the equity incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements summarized below. The summaries below are qualified in their entirety by reference to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">actual text of the plans or arrangements, which are filed as exhibits to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The number of awards and other interests held by directors and executive officers pursuant to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">below arrangements is included in Item 7. &#8220;Major Shareholders and Related Party Transactions&#8221; below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 40.54pt;">Warrants<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">105<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2012, we granted a warrant to Simon van den Born, our President (the &#8220;SvdB Warrant&#8221;). Mr. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">van den Born exercised the SvdB Warrant, and as a result, non-voting ordinary shares were issued to him <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">immediately prior to completion of our IPO as part of the reorganization of our share capital in connection <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with our IPO. Following the effective 1.88 to one reverse split of our ordinary shares in connection with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our IPO, 465,536 ordinary shares were issued upon the exercise of the SvdB Warrant, and a proportion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such ordinary shares were retained by the EBT to satisfy an aggregate $3.5 million exercise price payable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to exercise the SvdB Warrant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2019, we granted a warrant to Ian Lowitt, our CEO, entitling him to acquire 268,282 non-voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares for $0.000165 per non-voting ordinary share (prior to the 1.88 to one reverse split of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares) (the &#8220;IL Warrant&#8221;). Following the effective 1.88 to one reverse split of our ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the completion of our IPO, the IL Warrant was terminated, and Mr. Lowitt will be issued 142,709 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares in connection therewith on or shortly following the twelve-month anniversary of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completion date of our IPO (subject to earlier distribution in the event of certain corporate events that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occur prior to such twelve-month anniversary). In addition, the ordinary shares will not be distributed to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mr. Lowitt in connection with the termination of the IL Warrant in the event Mr. Lowitt is deemed to be a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;bad leaver&#8221; at any time prior to the twelve-month anniversary of the completion date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 66.65pt;">Growth Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We offered multiple series of growth shares to our employees, including directors and senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">managers, since 2010 (the &#8220;Growth Shares&#8221;). Growth Shares participated in the value of the Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">above an initial threshold market capitalization, set at a premium to the market capitalization at the time <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares were issued. The economic value of each &#8220;series&#8221; of Growth Share was therefore <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">different, as a result of the changing market capitalization of the Company over the period in which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares were issued.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares &#8220;vested&#8221; immediately prior to completion of our IPO, entitling holders to have their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares redeemed for either: (i) a cash payment equal to the value of their Growth Shares; or (ii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-voting ordinary shares with equivalent value, in each case subject to deductions for any required tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">withholding in any jurisdiction. All holders elected for satisfaction in non-voting ordinary shares. The value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Growth Shares, and the resulting number of non-voting ordinary shares required to be issued to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">satisfy them, was calculated in accordance with our Articles of Association.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In accordance with the terms upon which the 2016, 2019 and 2020 series of Growth Shares were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issued, upon completion of our IPO, holders of those Growth Shares were also issued additional ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares reflecting the value of dividends paid by us since their respective Growth Shares were issued, with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the number of additional ordinary shares deliverable to holders calculated on a grossed-up basis, partially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compensating holders for the taxes that arose on such additional ordinary shares (the &#8220;dividend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adjustment&#8221;).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Each recipient of the series 2020 Growth Shares remains subject to lock-up arrangements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pursuant to which each recipient may not transfer any interest in such number of series 2020 Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shares within one year of completion of our IPO in excess of 33% of the recipient&#8217;s series 2020 Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shares and within two years of completion of our IPO in excess of 66% of the recipient&#8217;s series 2020 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares (unless we determine otherwise).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on the price of $19.00 per ordinary share at our IPO, the Growth Shares had an aggregate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of $172.5 million (including the value of additional ordinary shares payable to holders of 2016, 2019 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and 2020 series of Growth Shares to reflect the dividend adjustment).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The redemption of Growth Shares and delivery of non-voting ordinary shares to holders in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">satisfaction took place immediately prior to completion of our IPO as part of the reorganization of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share capital in connection with our IPO. Any non-voting ordinary shares acquired in exchange for Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shares were re-classified as ordinary shares at the same time as other non-voting ordinary shares, as <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">106<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">described in our Articles of Association and as set forth in Exhibit 2.1 &#8220;Description of Securities&#8221; attached <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 69.42pt;">Growth Options<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Series 2010 Growth Options were held by our current and former employees (the &#8220;Series 2010 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Options&#8221;). The value of the Series 2010 Growth Shares underlying the Series 2010 Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Options was calculated in the manner described in the Growth Shares section above. The Series 2010 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Options had an aggregate value of $1.2 million.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Series 2010 Growth Options &#8220;vested&#8221; immediately prior to completion of our IPO, which entitled <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holders to have their Series 2010 Growth Options redeemed for a cash payment equal to the value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their Series 2010 Growth Options. We also offered holders the ability to instead receive Series 2010 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares with equivalent value. In each case, they were subject to deductions for any required tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">withholding in any jurisdiction. Any Series 2010 Growth Shares delivered in satisfaction of Series 2010 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Options were then redeemed for non-voting ordinary shares in the same manner as described in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Growth Shares section above. Cash and/or Series 2010 Growth Shares were delivered to holders of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Series 2010 Growth Options immediately prior to the conversion of Growth Shares into non-voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As described above for the Growth Shares, the satisfaction of Series 2010 Growth Options took <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">place immediately prior to completion of our IPO as part of the reorganization of our share capital in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with our IPO. Please see our Articles of Association and as set forth in Exhibit 2.1 &#8220;Description <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Securities&#8221; attached to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 72.75pt;">Nil-Cost Options<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost options over 592,356 non-voting ordinary shares (prior to the effective 1.88 to one <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reverse split of our ordinary shares) were held by current and former employees pursuant to our 2007 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Employee Share Purchase Plan (&#8220;Nil-cost Options&#8221;). All Nil-cost Options are vested. Following the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effective 1.88 to one reverse split of our ordinary shares, Nil-cost Options remained outstanding over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">315,092 ordinary shares following the completion of our IPO. Nil-cost Options may be exercised at any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time following completion of our IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 212.13pt;">Retention LTIP, LTIP, 2021 DBP and 2022 DBP<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 332.1pt;">Provisions Common to the Retention LTIP, LTIP, 2021 DBP and 2022 DBP<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Form of awards: Awards take the form of a conditional right to receive non-voting shares which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are automatically transferred to the participant following vesting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Non-transferable and non-pensionable: Awards are non-transferable, save to personal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">representatives following death, and do not form part of pensionable earnings.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Source of Shares: Shares may be newly issued, transferred from treasury or market purchased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for the purposes of the Retention LTIP (as defined below), LTIP, 2021 DBP and 2022 DBP.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Variation of capital: The number of shares subject to awards may be adjusted, in such manner as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our Board or the remuneration committee may determine, following any variation of share capital of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company or a demerger of a substantial part of our business, a special dividend or a similar event <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">affecting the value of shares to a material extent.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividend equivalents: Participants may receive an additional payment (or ordinary shares of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equivalent value) equal to the dividends which would have been paid during the vesting period. Cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividend equivalents will be paid following the expiry of any applicable retention period.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">107<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate actions: In the event of a change of control, scheme of arrangement or voluntary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">winding up of the Company (not being an internal corporate reorganization), unless otherwise required by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the remuneration requirements of SYSC 19G applicable to our business, awards granted under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retention LTIP, 2021 DBP and 2022 DBP will vest early subject, in the case of awards granted under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retention LTIP to:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the extent that the performance conditions have been satisfied at that time; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">unless the remuneration committee decides it is inappropriate to do so, such reduction in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">size of award as the remuneration committee determines appropriate having regard to time <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">elapsed in the normal vesting period and such other factors as it considers appropriate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a demerger, special dividend or other similar event is proposed which, in the opinion of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee, would affect the market price of ordinary shares to a material extent, then the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee may decide that awards will vest on the basis set out above.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">However, LTIP awards will not vest early in the event of a change of control, scheme of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arrangement or voluntary winding up of the Company. For all LTIP awards, and those Retention LTIP, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2021 DBP and 2022 DBP awards which do not vest early but instead remain outstanding on such an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">event, the remuneration committee has a discretion to make such adjustments to the award, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">converting it into a cash-based award, as the remuneration committee may determine, to reflect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">event.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the event of an internal corporate reorganization awards will be replaced by equivalent new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards over shares in a new holding company unless the remuneration committee decides that awards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">should vest on the basis set out above.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Alterations: The Board may amend the rules of the Retention LTIP, LTIP, 2021 DBP and 2022 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">DBP as it considers appropriate save that an amendment to the detriment of participants requires their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual or the consent of 75% as a class.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Malus and clawback: The remuneration committee may apply malus or clawback where at any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time before or within five years following grant it determines that our financial results were misstated or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that an error was made in any calculation or in assessing performance, which resulted in the number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares in respect of which the award was granted or vested being more than it should have been. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee may also apply clawback before or within five years following grant where it <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determines that, at any time prior to the later of the vesting of an award or the expiry of any retention <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the participant committed misconduct that justified, or could have justified, dismissal;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the participant&#8217;s action or omission has contributed to reputational damage to any member of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">our group;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">there has been corporate failure of any member of our group;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">there has been a failure of risk management; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the participant has breached any codes of conduct operated by any member of our group; or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">has failed to meet the required standards of fitness and conduct imposed by any regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">body.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A clawback may be satisfied in a number of ways, including by reducing the amount of any future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bonus, by reducing the vesting of any subsisting or future awards, by reducing the number of shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under any vested but unexercised option and/or by either one or both of a requirement to make a cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payment or transfer of shares to us. The circumstances or period over which malus and clawback may be <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">108<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applied shall be adjusted by the remuneration committee to the extent required to comply with any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory requirements applicable to our business and/or individual participants. For awards granted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the Retention LTIP, 2021 DBP and 2022 DBP, such clawback provisions will not apply following the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occurrence of a takeover or similar corporate event.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Furthermore, to the extent applicable, awards granted under the Retention LTIP, 2021 DBP and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2022 DBP are subject to the terms of any other clawback policy adopted by us, including to comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable SEC and Nasdaq listing requirements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 239.38pt;">Retention Long-term Incentive Plan (&#8220;Retention LTIP&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">One-off awards were granted to 25 senior employees under the Retention LTIP and, as of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024, are outstanding over in aggregate 1,606,849 ordinary shares (following the effective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.88 to one reverse split of our ordinary shares and the completion of our IPO).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Retention LTIP awards were not impacted as a result of completion of our IPO, other than being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adjusted to incorporate certain required amendments and remain outstanding over ordinary shares. All <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding shares in the Retention LTIP award vested on the publication of our audited annual financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results for the year ended December 31, 2024, subject to achievement of applicable performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If the remuneration committee so determines, an award may be satisfied in whole or in part by a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cash payment as an alternative to the issue or transfer of ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Where a participant ceases to hold office or employment with our group (or gives or receives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notice) other than for a &#8220;Good Leaver&#8221; reason (as defined below) under the Retention LTIP on or after the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">second and before the third anniversary of grant, their Retention LTIP award will immediately lapse as to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">33%. The remaining portion of the award will remain outstanding and capable of vesting on its normal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vesting date subject to the application of the performance conditions, provided that the award shall <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">immediately lapse if the remuneration committee determines that the participant has been (or will be) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employed or otherwise engaged to provide services to any competitor or restricted business or in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">circumstances where malus or clawback may be applied to that participant (&#8220;Bad Leaver&#8221; circumstances).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a participant ceases to hold office or employment because of: death, injury, disability, sale of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their employing company or business unit, or other circumstances as determined at the discretion of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee (&#8220;Good Leaver&#8221; reasons), their award will remain outstanding and capable of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vesting on its normal vesting date (subject to pro-ration or such earlier date as the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee may determine in its discretion), provided that their award shall immediately lapse if Bad <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Leaver circumstances apply before the normal vesting date. The extent to which an award will vest in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Good Leaver situation will depend on:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 548pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the extent to which the performance conditions have, in the opinion of the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">committee, been satisfied over the performance period; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">unless the remuneration committee decides it is inappropriate to do so, such reduction in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">size of award as the remuneration committee determines appropriate having regard to time <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">served in the normal vesting period, and such other factors as it considers appropriate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 179.42pt;">2021 Deferred Bonus Plan (&#8220;2021 DBP&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The 2021 DBP was operated in connection with annual bonuses paid to employees for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial year ended December 31, 2021 and provided for the remuneration committee to require deferral <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a portion of employees&#8217; 2021 annual bonuses into the form of non-voting ordinary shares (such portion <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">being determined by the remuneration committee). As of December 31, 2024, 2021 DBP awards were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding over an aggregate amount of 149,874 ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">109<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">They vested following publication of our audited annual financial results for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 (subject to certain vesting conditions set out in the 2021 DBP). The remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee may reduce vesting levels where it considers it appropriate to do so to reflect such factors as it <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">considers to be relevant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Where a participant ceases to hold office or employment with our group (or gives notice) other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">than for a &#8220;Good Leaver&#8221; reason (as defined below) under the 2021 DBP prior to vesting, any unvested <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portion of the 2021 DBP award will immediately lapse in full.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a participant ceases to hold office or employment because of: death, injury, disability, sale of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their employing company or business unit, redundancy, mutual agreement or other circumstances as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determined at the discretion of the remuneration committee (&#8220;Good Leaver&#8221; reasons), their award will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remain outstanding and capable of vesting on its normal vesting date or such earlier date as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee may determine.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 179.42pt;">2022 Deferred Bonus Plan (&#8220;2022 DBP&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The 2022 DBP was first operated in connection with annual bonuses paid to employees for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial year ended December 31, 2022 and provides for the deferral of at least 50% of &#8220;Material Risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Takers&#8221; 2022 annual bonuses into an award over non-voting ordinary shares and for the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee to require deferral of a portion of other employees&#8217; 2022 annual bonuses into the form of non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">voting ordinary shares (such portion being determined by the remuneration committee). As of December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31, 2024, 2022 DBP awards were outstanding over an aggregate amount of 688,557 ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The outstanding 2022 DBP awards are expected to vest in two equal annual tranches on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">second and third anniversary of the date of grant (or, if later in the relevant year, publication of audited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">annual financial results for the prior year) (in each case, subject to certain vesting conditions set out in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2022 DBP).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">2022 DBP awards are subject to materially the same terms as the 2021 DBP (as described in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2021 DBP section above), other than the following terms, which were primarily implemented to comply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with regulatory requirements applicable to our business pursuant to SYSC 19G:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the level and duration of deferral of annual bonuses into 2022 DBP awards is applied for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">participants that are designated as &#8220;Material Risk Takers&#8221; in line with the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">requirements of SYSC 19G, as applicable to our business, in particular vesting may not be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">accelerated for Material Risk Takers on cessation of employment or in connection with a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">corporate event;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">awards may be subject to a retention period, during which the transfer of shares received on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">vesting is restricted. A mandatory six-month retention period is applied for &#8220;Material Risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 548pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Takers;&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">in addition to the clawback provisions set out above, clawback may be applied where there is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a material downturn in financial performance or where the participant is found to have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">contributed to circumstances giving rise to significant losses to our business; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a participant will also be treated as a &#8220;Good Leaver&#8221; if they become a &#8220;Career Retiree&#8221; as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">determined by the remuneration committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 148.28pt;">Long-term Incentive Plan (&#8220;LTIP&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Awards were granted to four senior executives under the LTIP and are outstanding over in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate 217,509 ordinary shares (following the effective 1.88 to one reverse split of our ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the completion of our IPO). LTIP awards were not impacted as a result of completion of our IPO, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">110<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other than being adjusted to incorporate certain required amendments and remain outstanding over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP awards remain capable of vesting on their normal vesting date, being the later of: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">September 6, 2026; publication of our audited annual financial results for the year ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2025; and assessment of the performance conditions applicable to LTIP awards.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The LTIP is on materially the same terms as the Retention LTIP (as described in the &#8220;&#8211;Retention <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP&#8221; and &#8220;&#8211;Provisions Common to the Retention LTIP, LTIP, 2021 DBP and 2022 DBP&#8221; sections above), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">other than the following terms:<span style="display: inline-block; height: 7.28pt; width: 10.15pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">as all LTIP participants are designated as &#8220;Material Risk Takers,&#8221; the terms of the LTIP are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">intended to comply with the remuneration requirements of SYSC 19G, as applicable to our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">business, in particular vesting may not be accelerated on cessation of employment or in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 126pt; position: var(--position);">connection with a corporate event;<span style="display: inline-block; height: 7.28pt; width: 27.79pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP awards are subject to an individual limit of 300% of gross annual basic salary on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">grant date (or 400% if the remuneration committee determines that exceptional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 126pt; position: var(--position);">circumstances apply);<span style="display: inline-block; height: 7.28pt; width: 11.34pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP awards are subject to a two year retention period, during which the transfer of shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">received on vesting is restricted. The retention period may be reduced by up to 18 months at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the discretion of the remuneration committee;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">in addition to the clawback provisions set out above, clawback may be applied where there is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a material downturn in financial performance or where the participant is found to have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">contributed to circumstances giving rise to significant losses to our business; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a participant will also be treated as a &#8220;Good Leaver&#8221; if they depart due to redundancy, mutual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">agreement with us or if they become a &#8220;Career Retiree&#8221; as determined by the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 139.36pt;">Employee Benefit Trust (&#8220;EBT&#8221;)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have established the EBT, which currently holds unencumbered ordinary shares that may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">used to satisfy the incentive arrangements referred to in this Equity Incentive Plans section. The EBT is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">constituted by a trust deed between us and an offshore independent professional trustee. The power to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appoint and remove the trustee rests with us. As of December 31, 2024, 1,930,957 ordinary shares were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">held by our EBT.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 94.43pt;">Global Omnibus Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with our IPO, we adopted the Marex Group plc Global Omnibus Plan (&#8220;Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan&#8221;). The Global Omnibus Plan became effective shortly prior to the completion of our IPO. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Global Omnibus Plan provides for the grant of equity and cash-based incentive awards to our eligible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees and non-employee directors. Non-employees (including, non-employee directors and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consultants) are eligible to be granted awards under a Non-Employee Sub-Plan to the Global Omnibus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Plan (the &#8220;Non-Employee Sub-Plan&#8221;).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The material terms of the Global Omnibus Plan are summarized below. This summary is not a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complete description of all provisions of the Global Omnibus Plan and is qualified in its entirety by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference to the Global Omnibus Plan, which is filed as an exhibit to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 124.41pt;">Eligibility and Administration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.88pt; position: var(--position); white-space: pre;">111<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Employees and employee directors of the Company and its subsidiaries are eligible to receive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards under the Global Omnibus Plan. The Global Omnibus Plan is administered by our remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee except with respect to awards to non-employee directors under the Non-Employee Sub-Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(discussed below), which are administered by the Board, each of which in turn may delegate its duties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and responsibilities (the board, remuneration committee and any authorized delegates are referred to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">collectively as the &#8220;Plan Administrator&#8221;). The Plan Administrator has the authority to make all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determinations and interpretations under, prescribe all forms for use with and adopt rules for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">administration of, the Global Omnibus Plan, subject to its express terms and conditions. The Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Administrator also sets the terms and conditions of all awards under the Global Omnibus Plan, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any vesting and vesting acceleration conditions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 135.01pt;">Share Reserve and Evergreen<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The aggregate number of shares reserved for issuance under the Global Omnibus Plan equals <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the sum of (i) 7,081,808 shares; (ii) 142,709 shares in respect of an award to Ian Lowitt, our CEO; and (iii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an annual increase on the first day of each calendar year beginning in 2025 and ending in and including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2034, equal to the lesser of (A) 5% of the outstanding shares on the last day of the immediately preceding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calendar year and (B) such smaller number of shares as determined by our Board (the &#8220;Share Reserve&#8221;). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">For the avoidance of doubt, the Board has the right to determine that no increase should be made to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share Reserve. The evergreen provision providing for an automatic increase in the amount of the Share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Reserve (unless otherwise determined by the Board) is intended to provide us with the continuing ability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to grant equity awards to eligible employees and employee directors for the ten-year term of the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan and ensure that sufficient shares are within the Share Reserve to meet such awards.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Share Reserve was increased on 1 January 2025 by the maximum amount of shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permitted under the evergreen provision (being 5% of the outstanding shares as at 31 December 2024). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The aggregate number of shares reserved for issuance under the Share Reserve as at 1 January 2025 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was 7,585,743.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.33pt;">Awards<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Global Omnibus Plan provides for the grant of share options, including incentive share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">options (&#8220;ISOs&#8221;), conditional awards, restricted shares, share appreciation rights (&#8220;SARs&#8221;) or any other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share- or cash-based awards. No determination has been made as to the types or amounts of awards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that will be granted to specific individuals pursuant to the Global Omnibus Plan. The Global Omnibus Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contains the ability to impose post-termination exercise restrictions applicable to participants. All awards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the Global Omnibus Plan will be set forth in award agreements, which will detail all terms and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditions of the awards, including any applicable vesting and payment terms and any post-termination <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercise limitations in addition to those set out in the Global Omnibus Plan. Awards other than cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards generally will be settled in our ordinary shares, but the Plan Administrator may provide for cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settlement of any award. A brief description of each award type follows.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Share Options: Share options provide for the purchase of our ordinary shares in the future at an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercise price set on the grant date. Vesting conditions determined by the Plan Administrator may apply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to share options and may include continued service, performance and/or other conditions. For U.S. tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resident participants, ISOs may provide tax deferral beyond exercise and favorable capital gains tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treatment if certain requirements of the Code are satisfied. The exercise price of an ISO may not be less <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">than 100% of the fair market value of the underlying share on the date of grant (or 110% in the case of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ISOs granted to certain significant shareholders), except with respect to certain substitute options granted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in connection with a corporate transaction.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">SARs: SARs entitle their holder, upon exercise, to receive from us an amount equal to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appreciation of the shares subject to the award between the grant date and the exercise date. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercise price of a SAR may not be less than 100% of the fair market value of the underlying share on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date of grant (except with respect to certain substitute SARs granted in connection with a corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">112<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction). Vesting conditions, which may be determined by the Plan Administrator, may apply to SARs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and may include continued service, performance and/or other conditions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Restricted Shares: Restricted shares are non-transferable ordinary shares that remain forfeitable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unless and until specified conditions are met. Participants may or may not be required to acquire their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restricted shares for a set purchase price. Conditions applicable to restricted shares may be based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continuing service, the attainment of performance goals and/or such other conditions as the Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Administrator may determine. Holders of restricted shares generally have all of the rights of a shareholder <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">upon the issuance of restricted shares. Notwithstanding the foregoing, unless otherwise determined by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the remuneration committee, the holder of a restricted share will be required to waive their right to all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividends on their restricted shares until vesting. Holders of restricted shares will also be required to enter <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">into certain tax elections (such as Section 431 or 83(b) elections) if required by the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional Awards: Conditional awards are contractual promises to deliver ordinary shares in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares underlying conditional awards may be deferred under the terms of the award. Conditions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable to conditional awards may be based on continuing service, the attainment of performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">goals and/or such other conditions as the Plan Administrator may determine. Conditional award holders <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have no rights of a shareholder with respect to ordinary shares subject to conditional awards unless and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">until such ordinary shares are delivered in settlement. In the sole discretion of the Plan Administrator, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditional awards may also be settled for an amount of cash on the maturity date of the conditional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">award, or a combination of cash and ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Other Share-or Cash-Based Awards: Other share-or cash-based awards are awards of cash, fully <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vested ordinary shares and other awards denominated in, linked to, or derived from our ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or value metrics related to our ordinary shares. Other share-or cash-based awards may be granted to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participants and may also be available as a payment form in the settlement of other awards, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">standalone payments and as payment in lieu of base salary, bonus, fees or other cash compensation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">otherwise payable to any individual who is eligible to receive awards. Conditions applicable to other share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or cash-based awards may be based on continuing service, the attainment of performance goals and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such other conditions as the Plan Administrator may determine.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividend Equivalents: Dividend equivalents represent the right to receive a benefit determined by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference to the value of dividends paid on ordinary shares and may be granted alone or in tandem with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards, including share options and SARs. Dividend equivalents may be settled in cash, ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or additional awards, delivered at such time as may be determined by the remuneration committee. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration committee shall decide the basis on which the value of such dividends shall be calculated, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which may assume the reinvestment of dividends.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 33.33pt;">Vesting<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Vesting conditions determined by the Plan Administrator may apply to each award and may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">include continued service, performance and/or other conditions. Vesting conditions will be set out in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual award agreements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.75pt;">IFPR<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As the IFPR Rules apply to our business, awards made to &#8220;material risk takers&#8221; will comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these requirements. The relevant award agreements will contain vesting conditions, and the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan will include a post-vesting holding period that can be imposed for &#8220;material risk takers,&#8221; in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">each case, that comply with the IFPR Rules.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 202.18pt;">Corporate Events and Adjustments of Awards<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">113<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Plan Administrator has broad discretion to take action under the Global Omnibus Plan, as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">well as make adjustments to the terms and conditions of existing and future awards, to prevent the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dilution or enlargement of intended benefits and facilitate necessary or desirable changes in the event of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain transactions and events affecting our ordinary shares, such as changes of control, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reorganizations, variations in share capital, demergers, special dividends and other corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transactions. In the event of a &#8220;change in control&#8221; of the Company, which is not an internal reorganization <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or merger and unless otherwise restricted by tax, legal or regulatory considerations or the Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Administrator, all unvested awards are expected to become vested. In addition, in the event of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transactions where the Plan Administrator determines that such transactions are internal reconstructions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or reorganizations, the Plan Administrator may treat all awards as surrendered in consideration for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">grant of new substantially equivalent awards. The Plan Administrator may also make amendments to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share Reserve and/or outstanding awards in the event of a variation of share capital, demerger, special <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividend or other similar events or transactions. Individual award agreements may provide for additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accelerated vesting and payment provisions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 76.07pt;">Other Key Terms<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sub-Plans: The Plan Administrator may modify award terms, establish sub-plans and/or adjust <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other terms and conditions of awards, subject to the Share Reserve described above (such Share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Reserve shall only be amended by the Board), in order to facilitate grants of awards subject to the laws of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">countries outside of the United Kingdom. All awards will be subject to the provisions of the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan and/or any clawback policy implemented by us.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Transferability: With limited exceptions, awards under the Global Omnibus Plan are generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-transferable and exercisable only by the participant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Tax: Each participant will be responsible for all taxes, social security contributions and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities arising in respect of their award. To the extent a participant has not otherwise discharged any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxes that may arise in respect of their award, the participant will be required to indemnify and hold us <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">harmless against any such tax. We may demand such amounts under the indemnity, withhold such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amounts from payments to the participant (including, from salary, bonus or any other payments of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">kind otherwise due to the participant) or make such other arrangements as are determined appropriate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with respect to the collection of any such amount (including, selling or withholding ordinary shares).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 151.65pt;">Plan Amendment and Termination<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Board may amend or terminate the Global Omnibus Plan at any time; however, shareholder <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval will be required for any amendment to the extent necessary to comply with applicable laws. No <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards may be granted pursuant to the Global Omnibus Plan after the tenth anniversary of the earlier of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(i) the date on which our Board adopts the Global Omnibus Plan; and (ii) the date on which our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders approve the Global Omnibus Plan.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 234.96pt;">Non-Employee Sub-Plan to the Global Omnibus Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Together with the Global Omnibus Plan, we have adopted the Non-Employee Sub-Plan, pursuant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the authority of our Board under the Global Omnibus Plan, which became effective shortly prior to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completion of our IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Non-Employee Sub-Plan is to be read as a continuation of the Global Omnibus Plan. In the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">event of any conflict between the provisions of the Non-Employee Sub-Plan and the Global Omnibus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Plan, the provisions set out in the Non-Employee Sub-Plan prevail. A portion of the fees payable to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-employee directors, delivered in the form of conditional awards are granted pursuant to the Non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Employee Sub-Plan of the Global Omnibus Plan.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">114<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 108.32pt;">UK Sharesave Sub-Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Together with the Global Omnibus Plan and the Non-Employee Sub-Plan, we have adopted the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UK Sharesave Sub-Plan to the Global Omnibus Plan (the &#8220;UK Sharesave Sub-Plan&#8221;), pursuant to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authority of our Board under the Global Omnibus Plan, which became effective shortly prior to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completion of our IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The UK Sharesave Sub-Plan is an all-employee savings related share option plan, which has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been designed to meet the requirements of Schedule 3 of ITEPA, so that if the Board decides to operate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the UK Sharesave Sub-Plan, ordinary shares can be acquired by U.K. employees in a tax-efficient <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">manner.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Under the plan, qualifying employees are able to acquire options over ordinary shares on a tax-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">favored basis and at a discount of up to 20% of their market value at the date of grant. To exercise these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">options, participants will be required to save out of contributions from their salary under a three- or five-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year HMRC-approved savings contract. Savings contributions are subject to a statutory limit, which is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">currently &#163;500 per month. The Board has discretion to determine whether, and if so, when the UK <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sharesave Sub-Plan will operate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As of December 31, 2024, no offerings have been made under the UK Sharesave Sub-Plan.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 89.4pt;">Eligibility; Invitations<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If the Board resolves to operate the UK Sharesave Sub-Plan, invitations must be sent to all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">eligible employees of a participating company and those participating company directors who are required <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to work a minimum of 25 hours per week. Employees will be eligible, provided they have been employed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for any qualifying period determined by the Board, which cannot exceed five years. The Board also has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discretion to include any other employee or non-employee director of a participating company. Invitations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to apply for options may be issued by the Board at any time.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 54.98pt;">Option Price<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The option price will be determined by the Board and must not be less than 80% of the market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of an ordinary share on the invitation date as determined in accordance with Part VIII of the U.K.&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Taxation of Chargeable Gains Act 1992 and as agreed in advance with HMRC, or, if greater (and ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares are to be subscribed), the nominal value of an ordinary share.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 76.1pt;">Savings Contract<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To participate in the UK Sharesave Sub-Plan, a qualifying employee will need to enter into an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">HMRC-approved savings contract of three or five years agreeing to make contributions of a fixed amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between &#163;5 and &#163;500 per month (or any other maximum amount as directed by the Board under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms of the UK Sharesave Sub-Plan, subject to any limit permitted by the relevant legislation from time to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time) (the &#8220;Savings Contract&#8221;). Upon expiry of the Savings Contract, the employee may be entitled to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receive a tax-free bonus in addition to repayment of the savings contributions. The employee may elect to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">apply the proceeds of the Savings Contract to exercise the option and acquire ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Alternatively, the employee may choose to withdraw the proceeds of the Savings Contract.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 73.3pt;">Grant of Options<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Employees who enter into Savings Contracts will be granted options to acquire ordinary shares at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the option price using the amount saved, including any bonus or interest. Options will need to be granted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within 30 days (or 42 days if the applications are scaled down) of the first day by reference to which the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">option price was set. Options are not transferable (other than on the death of a participant), assignable or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">chargeable and will lapse immediately in the event of any breach of the transfer prohibition.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">115<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 86.64pt;">Exercise of Options<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options must normally be exercised in whole or in part within six months after the completion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the related Savings Contract, provided the participant remains a director or employee of a participating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company. Following the date of exercise, ordinary shares will need to be allotted and transferred to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participant within 30 days.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options may be exercised early in the event of a participant ceasing employment with us or our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries because of death, retirement, injury, disability, redundancy, a relevant transfer under the UK&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Transfer of Undertaking (Protection of Employment) Regulations 2006 or the individual&#8217;s employing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company or employing part of a business being sold out of our group. On death, options may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercised by the participant&#8217;s personal representatives. A participant&#8217;s options will normally lapse if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">leaving us or our subsidiaries for any other reason.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options may also be exercised early in the event of a voluntary winding-up of the Company. On <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cessation of employment for other reasons or if a participant ceases to pay contributions under the related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">savings contract, options will normally lapse.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 81.11pt;">Change of Control<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options may be exercised early if:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">any person obtains control of the Company as a result of a general offer to acquire ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">shares;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a person (or a group of persons acting in concert) becomes bound or entitled to acquire <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares by serving a notice under sections 979-982 or 983-985 of the Companies Act; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a scheme of arrangement in connection with the acquisition of ordinary shares is sanctioned <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">pursuant to section 899 of the Companies Act.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Options may be exercised within six months of the event. In the event of a reorganization or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">merger, where the shareholders of the acquiring company are substantially the same as the Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders immediately before the change of control, no options will be exercisable but will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanged for equivalent rights.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 203.28pt;">Rights Attaching to Shares and Transferability<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Shares allotted or transferred under the UK Sharesave Plan will rank alongside shares of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">same class then in issue. Options are not transferable (except on death) and are not pensionable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefits.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 84.42pt;">Variation of Capital<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the event of a variation in the equity share capital of the Company including a capitalization or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rights issue, sub-division, consolidation or reduction, the Board may adjust the number of ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to the option and the option price, provided that the total option price and total market value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares under option must remain substantially the same. The Board shall give notice to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">option holders as soon as reasonably practicable after making such adjustments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 47.21pt;">Alterations<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The UK Sharesave Plan may at any time be altered by the Board in any respect. However, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder approval will be required for any amendment to the extent necessary to comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable laws (except for minor amendments to benefit the administration of the UK Sharesave Plan, to <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">116<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">take account of a change in legislation or to obtain or maintain favorable tax, exchange control or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory treatment for option holders or for a participating company).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 56.1pt;">New Awards<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with our IPO, we granted, pursuant to the Global Omnibus Plan (i) conditional share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards in respect of 1,133,336 ordinary shares in connection with the deferral of a portion of the annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bonuses to be paid to employees for the financial year ended December 31, 2023, of which awards in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect of an aggregate of 580,554 shares were granted to our executive officers, (ii) conditional shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in respect of 684,173 ordinary shares in connection with retention awards to certain key employees, of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which awards in respect of an aggregate of 63,157 shares were granted to our executive officers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(&#8220;RLTIP&#8221;), (iii) conditional share awards in respect of 234,960 ordinary shares in connection with an IPO <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employee share award program for our current employees in good standing (other than those employees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receiving retention awards pursuant to the foregoing clause (ii)), which awards were based on such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees&#8217; years of service with us and (iv) conditional share awards in respect of 240,613 ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares were granted to our executive officers in connection with annual incentive awards for 2023 (&#8220;2023 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LTI Awards&#8221;) (which were adopted on substantially the same terms as the LTIP described above), in each <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">case based on the IPO price of $19.00 per ordinary share. The retention awards will vest on the third <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of the grant date, subject to the achievement of certain pre-established performance targets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the employee&#8217;s continued service through such date (provided that employees who incur an earlier <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">qualifying termination will remain eligible to earn the award on the original vesting date). The employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share awards will vest on the third anniversary of the grant date, subject to the employee&#8217;s continued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">service through such date (or earlier qualifying termination), subject to the terms of the Global Omnibus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Plan and the applicable award agreement in respect of vesting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 110pt;">Non-Employee Sub-Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In November 2024 we also granted, pursuant to the Non-Employee Sub-Plan of our Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan, a conditional share awards in respect of 50,520 ordinary shares in connection with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">annual fixed award over ordinary shares of the Non-Executive Directors for 2024 (&#8220;2024 NED Awards&#8221;). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The NED awards will vest on the first anniversary of their grant date, and are subject to Non-Employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Sub-Plan terms of the Global Omnibus Plan, but are not subject to performance conditions or to any post <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vesting sale restrictions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 141.66pt;">Employee Share Purchase Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with our IPO, we adopted the Marex Group plc Employee Share Purchase Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(the &#8220;ESPP&#8221;). The ESPP is designed to allow our eligible employees to purchase ordinary shares, at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">periodic intervals, with their accumulated payroll deductions. The ESPP consists of two components: a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Section 423 component, which is intended to qualify under Section 423 of the Code, and a non-Section <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">423 component, which need not qualify under Section 423 of the Code. The material terms of the ESPP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are summarized below. This summary is not a complete description of all provisions of the ESPP and is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">qualified in its entirety by reference to the ESPP, which is filed as an exhibit to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 143.86pt;">Shares Available; Administration<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The aggregate number of ordinary shares reserved for issuance under the ESPP equals to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sum of (i) 708,180 ordinary shares and (ii) an annual increase on the first day of each calendar year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">beginning in 2025 and ending in and including 2034 equal to the lesser of (A) 1% of the outstanding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares on the last day of the immediately preceding calendar year and (B) such smaller number of shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as determined by our Board; provided that in no event will more than 7,081,800 ordinary shares be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">available for issuance under the Section 423 component of the ESPP. Our Board or the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee has the authority to interpret the terms of the ESPP and determine eligibility of participants. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The remuneration committee is currently the administrator of the ESPP.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">117<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 38.87pt;">Eligibility<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The plan administrator may designate certain of our subsidiaries as participating &#8220;designated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries&#8221; in the ESPP and may change these designations from time to time. We expect that our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees, other than employees who, immediately after the grant of a right to purchase ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the ESPP, would own (directly or through attribution) shares possessing 5% or more of the total <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">combined voting power or value of all classes of our shares and other securities, will be eligible to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participate in the ESPP. However, consistent with Section 423 of the Code as applicable, the plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">administrator may provide that other groups of employees, including, without limitation, those customarily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employed by us for twenty hours per week or less or five months or less in any calendar year, will not be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">eligible to participate in the ESPP.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 67.19pt;">Grant of Rights<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Section 423 component of the ESPP is intended to qualify under Section 423 of the Code, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and shares will be offered under the ESPP during offering periods. The length of the offering periods <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the ESPP will be determined by the plan administrator and may be up to 27 months long. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Employee payroll deductions will be used to purchase shares on each purchase date during an offering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period. The purchase dates for each offering period will be the final trading day in each purchase period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Offering periods under the ESPP will commence when determined by the plan administrator. The plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">administrator may, in its discretion, modify the terms of future offering periods. No offering periods have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commenced under the ESPP at the time of this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The ESPP permits participants to purchase shares through payroll deductions of up to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">percentage of their eligible compensation, which includes a participant&#8217;s gross base compensation for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services to us. The plan administrator will establish a maximum number of shares that may be purchased <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by a participant during any offering period, which, in the absence of a contrary designation, will be equal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to 20,000 shares. In addition, under the Section 423 component, no employee is permitted to accrue the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">right to purchase shares under the ESPP at a rate in excess of $25,000 worth of shares during any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calendar year during which such a purchase right is outstanding (based on the fair market value per share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our ordinary shares as of the first trading day of the offering period).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On the first trading day of each offering period, each participant will automatically be granted an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">option to purchase shares. The option will expire at the end of the applicable offering period and will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercised on each purchase date during such offering period to the extent of the payroll deductions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accumulated during the offering period. The purchase price will be the lower of 85% of the fair market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of a share on the first day of an offering period in which a participant is enrolled or 85% of the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market value of a share on the purchase date, which will occur on the last day of each purchase period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Participants may voluntarily end their participation in the ESPP prior to the end of the applicable offering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period, and will be paid their accrued payroll deductions that have not yet been used to purchase shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Unless a participant has previously canceled their participation in the ESPP before the purchase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date, the participant will be deemed to have exercised their option in full as of each purchase date. Upon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercise, the participant will purchase the number of whole shares that their accumulated payroll <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deductions will buy at the option purchase price, subject to the participation limitations listed above. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Participation will end automatically upon a participant&#8217;s termination of employment.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A participant is not permitted to transfer rights granted under the ESPP other than by will, the laws <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of descent and distribution or as otherwise provided under the ESPP.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 92.21pt;">Certain Transactions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the event of certain transactions or events affecting our shares, such as any share dividend or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other distribution, reorganization, merger, consolidation or other corporate transaction, the plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">administrator will make equitable adjustments to the ESPP and outstanding rights. In addition, in the <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">118<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">event of the foregoing transactions or events or certain significant transactions, the plan administrator <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may provide for (i) either the replacement of outstanding rights with other rights or property or termination <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of outstanding rights in exchange for cash, (ii) the assumption or substitution of outstanding rights by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">successor or survivor corporation or parent or subsidiary thereof, if any, (iii) the adjustment in the number <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and type of shares subject to outstanding rights, (iv) the use of participants&#8217; accumulated payroll <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deductions to purchase shares on a new purchase date prior to the next scheduled purchase date and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">termination of any rights under ongoing offering periods or (v) the termination of all outstanding rights.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 76.66pt;">Plan Amendment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The plan administrator may amend, suspend or terminate the ESPP at any time. However, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder approval will be obtained for any amendment to the ESPP that increases the aggregate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">number or changes the type of shares that may be sold pursuant to rights under the ESPP, changes the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporations or classes of corporations whose employees may participate in the ESPP or as may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">otherwise be required pursuant to Section 423 of the Code or other applicable law.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Insurance and Indemnification<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Articles of Association provide that, subject to certain limitations, we may indemnify our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors and executive officers to the maximum extent allowed under applicable law against any losses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or liabilities that they may sustain or incur in or about the execution of their duties including liability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incurred in defending any proceedings whether civil or criminal in which judgment is given in their favor or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in which they are acquitted.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Insofar as indemnification of liabilities arising under the Securities Act may be permitted to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executive officers and directors or persons controlling us pursuant to the foregoing provisions, we have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the Securities Act and is therefore unenforceable.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">119<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 113.39pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3905"></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This report has been prepared in accordance with the provisions of the UK Companies<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 490.19pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 493.52pt; position: var(--position); text-decoration: none; white-space: pre;">Act 2006 <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 127.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Schedule 8 of The Large and Medium-sized Companies and Groups (Accounts and Reports) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 139.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Regulations 2008 (as amended from time to time).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 161.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Statement by the Chair of the Remuneration Committee<span style="display: inline-block; height: 8.73pt;"></span><span id="i9d9df3d5228947c295d52cc5c3b8e42c"></span></span></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 183.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Dear shareholder, <span style="display: inline-block; height: 8pt;"></span><span id="ibe9ff788c0d045e3a494d65712d85d62"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 206.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On behalf of the Remuneration Committee (the "Committee"), I am pleased to present the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 218.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Report for the year ended December 31, 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This Remuneration Report is the Company&#8217;s first since its listing on the Nasdaq stock exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on April 25, 2024. It is also my&#160;first Remuneration Report since I have had the privilege of acting as Chair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 286.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This report sets out the Directors' Remuneration Policy for Executive and Non-Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 298.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Directors (on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.99pt; position: var(--position); text-decoration: none; white-space: pre;">123 to 150<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.22pt; position: var(--position); text-decoration: none; white-space: pre;">). In accordance with UK legal requirements (which apply by virtue of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 310.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company being incorporated in the UK), the Company is&#160;required to seek approval for the Director's <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 322.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Policy from shareholders at its annual meeting of shareholders, to&#160;be held on May <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">28,2025.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 356.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Introduction:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">2024 has been a transformational year for the Company with the listing on Nasdaq in April 2024. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">This achievement was a significant one for the leadership team and has been reflected in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration awarded to our Executive Directors for the year. During 2024, the Executive Directors <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">focused on delivering against financial as well as strategic performance measures. When considering the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bonus outcomes for the Executive Directors and the Group as a whole, the Committee has taken into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">account the financial performance of the Group and the broader shareholder experience during the year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share price performance has been extremely positive and is reflected in the quantum awarded to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 484.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Achieving listing was also a busy time for the Committee. We undertook to assess the Company&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 496.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legacy incentive arrangements that had been implemented over an extended period to reflect the impact <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 508.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the IPO. The IPO also gave the Committee the opportunity to refresh and standardize incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 520.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">opportunities available to reward employees across the Group. As part of this exercise, we developed the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 532.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Global Omnibus Plan. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">I am personally very pleased that the Committee was able to support the one-off All Employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share Award following the IPO. This award has created the opportunity for all our employees to contribute <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to and share in the future success of Marex. The Committee also approved management's request to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">grant a Retention LTIP to 55 employees from across the Company. The&#160;participating employees have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been identified as having an important part to play in the success of the Company over the&#160;three years <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 614.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from listing. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further details of these awards are included in this Report. The Committee will continue to assess <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">all incentive arrangements and will consider any future management requests to provide incentives to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">drive and reward excellent performance for the Company and its shareholders.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">120<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The IPO also afforded the Committee the opportunity to change the way NEDs are rewarded. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">From June 1, 2024, NEDs receive an inclusive base fee for being members of the Board and any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 137.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable committees. The CEO also approved the introduction of a NED annual share award as part of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 149.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the fixed fees. This step is a further one in an ongoing effort to align the interests of our Board with our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 161.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholders. The first set of these annual awards was formally granted in November 2024. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">At the December 3, 2024 meeting of the Committee, we assessed the expected share usage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required for 2025. As a means of&#160;facilitating the Committee's ability to support incentive arrangements, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Committee made the decision to apply the full 5%&#160;Evergreen increase allowable under the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan, raising the reserve to 7.6m shares from January 2025. The&#160;Committee believes that this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 231.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decision will provide needed flexibility in the Company's approach to future share award&#160;settlements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 253.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Director remuneration - Outcome for 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The annual bonus for 2024 was assessed against two measures: Adjusted Profit Before Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">("PBT") (60% weight in&#160;bonus calculation) and Executive Director performance against certain important <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">strategic objectives (40% weight in bonus&#160;calculation).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 321.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For 2024, the target PBT was set by reference to the budget forecast reviewed and approved by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Board in Q1 of 2024. As&#160;more fully described on page 93 Marex achieved Adjusted PBT of $321m, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 345.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exceeding the maximum performance anticipated at the start of the year by $41m. This performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 357.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accomplishment results in full vesting of this component of the annual bonus. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 379.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee also reviewed each Executive Director&#8217;s performance against a range of strategic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">objectives, which had a weighting of 40% of the maximum bonus available. The bonus outcomes for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attainment of these key strategic achievements range between 38% and 35% of the maximum 40% for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Executive Directors. Further detail on these objectives is provided in the Assessment of performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">against strategic measures section. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 449.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The overall bonus outcomes for the Executive Directors for 2024 was 98% of the maximum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 461.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bonus potential for the CEO and 95% of the maximum bonus potential for the CFO. This result is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consistent with the exceptional performance in revenue and profitability, positive share price performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">during the year as well as a continued focus on delivering the strategic plan and enhancing value for our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 497.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 519.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the Annual Bonus, the Committee also rewarded the Executive Directors with a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 531.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Long Term Incentive Plan award (the "LTIP") under the Global Omnibus Plan. As more fully described at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 543.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">page <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.01pt; position: var(--position); text-decoration: none; white-space: pre;">124<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.69pt; position: var(--position); text-decoration: none; white-space: pre;">, the LTIP will vest in three years based on the assessment of performance against performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 555.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">targets and is subject to a post vesting two year sale restriction on net shares. 60% of annual variable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 567.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compensation is awarded to the Executive Directors in equity, clearly aligning the interests of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors with those of our shareholders.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 601.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In light of the Group's overall strong performance across 2024 as well as the shareholder context <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 613.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">set out above, the Committee was comfortable that the formulaic outcome for the annual bonus was fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 625.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and appropriate. As a result, no adjustments were made and no discretion was exercised in relation to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 637.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outcome of either incentive.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">121<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Oversight for Employee Remuneration<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In accordance with the Company's overarching Remuneration Policy, the Committee has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">oversight for reward for the wider employee group. The Committee continues to oversee the assessment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Material Risk Takers ('MRTs') in accordance with requirements under the Investment Firms <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prudential Regime ("IFPR"), reviews the annual bonus and salary pool and its allocation across Control &amp; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Support employees and approves the bonuses awarded to and all salary changes for all MRTs. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee has an unwavering commitment to ensuring all employees and their managers are held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accountable against conduct and behaviour standards that reflect the Company's core values: Respect, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Personal Integrity, Collaborative, Developing our People and Adaptable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2025 Executive Director policy<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain entities within the Group are subject to additional regulatory requirements that affect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration arrangements for Directors. As a result, in addition to the Directors' Remuneration Policy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contained in this Annual Report, the Company has also established a separate remuneration policy which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is applicable to the Directors in their capacity as "Material Risk Takers" for entities within the Group under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 311.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFPR (the "IFPR Remuneration Policy"). The Directors' Remuneration Policy has been designed in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 323.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance with these regulatory requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 345.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In developing the Executive Director policy for 2025, the Committee reviewed the Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 357.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Director base salary levels against appropriate benchmarks in the US and UK. There will be no change to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the base salary for the CEO and a modest increase to the base salary for the CFO broadly in line with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">average base increase for Control and Support employees for 2025. The Committee also decided to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increase the maximum bonus potential to six times base salary for the CEO and two and a half times <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 405.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">base salary for the CFO. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As both the Executive Directors have 60% of variable pay awarded in equity, the Committee felt it <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was appropriate to increase their annual bonus potential and reduce their Long Term Incentive. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 451.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">addition, to ensure close alignment with shareholder interests, the Committee has decided to change the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 463.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">weighting of bonus metrics. From January 1, 2025, 75% of the maximum bonus potential will be assessed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 475.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">against two financial measures and 25% will be assessed against strategic measures, with a specific <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 487.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">focus on risk management and culture embodied by tone from the top. The Committee considers that it is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 499.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate for the Executive Directors' annual bonuses to be closely aligned with delivering exceptional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 511.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial performance with appropriate attention on key strategic matters such as mitigating risk across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 523.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company and instilling and furthering our core values consistently throughout the year.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 545.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other Matters:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 567.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In December, one of our Non Executive Directors, Madelyn Antoncic, resigned from her role at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company. Madelyn has received all contractual payments in accordance with her service agreement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 591.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and continues to hold a share award in the Company. This award will vest at the same time as the share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 603.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards held by continuing Non-Executive Directors. Further details are set out on page <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 459.16pt; position: var(--position); text-decoration: none; white-space: pre;">144. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 625.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">What to Expect in 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 647.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As we look towards 2025, the Committee is focused on ensuring that all employees are rewarded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 659.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fairly for their contribution to the future success of Marex. The Committee will be working with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 671.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors on other initiatives to foster a collegiate and supportive environment for all our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 683.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees. These initiatives include rolling out a qualifying Sharesave Scheme in the UK and Employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 695.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share Purchase Plan in the US and other locations to give all employees access to investing in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 707.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company. We will also assist the Company in its review of the comprehensive benefits terms and policies <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">122<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that attract and retain the best talent, as well as support employees in developing their careers and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contributing to the success of our Company. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Conclusion<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We hope you will support our Directors&#8217; Remuneration Policy and Directors&#8217; Remuneration Report <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 181.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for 2024 at our Annual General Meeting.&#160; We strongly believe that this policy closely aligns the interests of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 193.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our Directors with our Shareholders and will continue to deliver appropriate reward for exceptional results. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 205.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We do monitor shareholder views on executive remuneration and would welcome any feedback on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 217.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration at Marex. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 239.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On behalf of the Committee, we are grateful for your support for this Directors' Remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 251.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Report for 2024 and wish you all the best for 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 295.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 317.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Chair of the Remuneration Committee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 339.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">March 5, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">123<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Directors' Remuneration Policy<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This Remuneration Policy will apply with effect from May 28, 2025, being the date on which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders are asked to approve the policy at&#160;the 2025 AGM (the "Effective Date").<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 191.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors' Remuneration Policy table<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 213.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company currently has two Executive Directors. The following table sets out the policy in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 225.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect of the components of&#160;remuneration which Executive Directors currently receive. Any newly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 237.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appointed Executive Director would also be eligible to&#160;receive these components of remuneration.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 259.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="position: var(--position); top: 273.79pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 59.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 188.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 110.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 110.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Element, <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">purpose and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">link to strategy<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 0pt; width: 188.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operation<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 0pt; width: 110.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum opportunity<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 0pt; width: 110.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance measures<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 171.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 171.75pt; left: 0pt; overflow: hidden; position: var(--position); top: 27.75pt; width: 59.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base salary&#160; &#160; &#160; &#160; &#160; <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Element of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">fixed pay that <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reflects the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">individual&#8217;s <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">role, position, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">experience <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">contribution to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the Group<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 27.75pt; width: 188.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base salaries are paid in cash and typically <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reviewed annually, with any changes normally <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">taking effect from January 1. Out-of-cycle reviews <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">may be conducted if considered appropriate by the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base salaries are typically set with reference to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">comparator groups consisting of peers in&#160;the global <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial services sector and wider industry.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">The Committee has the flexibility to set the salary of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">a new hire at a discount to the market and to realign <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">it in subsequent years as the individual gains <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">experience in the role. In exceptional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">circumstances, the Committee may agree to pay <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">above market levels to secure or retain an individual <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">who is considered by the Committee to possess <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">significant and relevant experience that is critical to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">the delivery of the business strategy.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 27.75pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">There is no prescribed <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">maximum, annual increases <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">will normally be made with <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reference to wider business <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance, economic <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">indicators, and increases <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">made to the wider workforce.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Higher increases may be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">made, for example, where <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">there have been significant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">changes in the responsibility <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in a role, to recognise <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">experience, where there are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">large variances to the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">market, in the case of a new <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Director appointed <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">on a salary below the market <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">rate, or where there is a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">significant change in the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 154.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">relationship of the Company <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 162.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">relative to a peer group.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 27.75pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 147.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 147.75pt; left: 0pt; overflow: hidden; position: var(--position); top: 199.5pt; width: 59.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Pension&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;  <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To provide a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">market <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">competitive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">level of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">retirement <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provision&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; <span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 199.5pt; width: 188.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Mandatory retirement provision required by law (or <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">similar) in the jurisdiction in which the Executive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Director is resident will be provided.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Pension provision is provided in the form of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">a&#160;defined contribution (DC) pension.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 199.5pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Any mandatory retirement <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provision required&#160;by law (or <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">similar) in the jurisdiction in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">which the Executive Director <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">is resident will be provided.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Currently Executive Directors <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are entitled to an employer <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">pension contribution of 6% of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">base salary up to a base of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;123,600. <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Any changes to pension <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provision or opportunity to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">elect for a cash allowance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">instead of a pension <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">contribution will be aligned to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the pension provision <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">available to&#160;all other <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">qualifying employees.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 199.5pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 92.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 92.25pt; left: 0pt; overflow: hidden; position: var(--position); top: 347.25pt; width: 59.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To provide a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">market <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">competitive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">level of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 347.25pt; width: 188.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits that are currently provided include private <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">medical, life insurance and income protection. The <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee can provide additional benefits it deems <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reasonable.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 347.25pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">There is no defined <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">maximum. Benefits are set at <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">what are in the Committee&#8217;s <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">opinion reasonable taking <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">into account wider Company <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">policy, market practice and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">individual circumstances. The <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee regularly reviews <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefit costs to ensure they <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are appropriate and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">affordable.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 347.25pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">124<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 59.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 188.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 110.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 110.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Element, <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">purpose and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">link to strategy<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 0pt; width: 188.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 188.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operation<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 0pt; width: 110.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum opportunity<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 0pt; width: 110.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance measures<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 195.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 195.75pt; left: 0pt; overflow: hidden; position: var(--position); top: 27.75pt; width: 59.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual bonus&#160; &#160;  <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To motivate <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">employees <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and incentivize <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">delivery of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">annual <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">targets<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 27.75pt; width: 188.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual bonuses may be paid partly in cash and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">partly in deferred equity pursuant to the Company's <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Bonus Programme (DBP) under the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Global Omnibus Plan. The&#160;Committee will have <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">regard to relevant regulatory requirements when <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">determining the form and length of any deferral <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements. Performance targets are normally <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">set at the beginning of the performance period and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are assessed at&#160;the&#160;end of the financial period.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee has discretion to adjust the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">formulaic outcome upwards or downwards <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">to&#160;ensure outcomes reflect overarching Company <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance and/or management contribution. Any <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">adjustment made using this discretion will be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">explained.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Malus and clawback apply. Refer to the notes to the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">policy table.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards are still outstanding under legacy deferred <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">bonus plans. Refer to the notes to the policy table<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 27.75pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The maximum annual bonus <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">that may be awarded will be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">600% of salary. The <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">maximum opportunity for <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">each year will be advised to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the CEO and CFO at the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">beginning of the performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">year.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 27.75pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance measures may <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">include both business and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">individual performance and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">may include a combination of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial and non-financial <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">measures. The majority of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the bonus will be linked to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial performance.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Detail on performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">measures and the associated <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">rationale for their selection <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">will be disclosed in the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">relevant annual report.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee has <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">discretion to amend <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance measures and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">targets after they have been <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">set if events occur that the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee considers mean <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 154.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">that the original performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 162.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">measures and/or targets are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 170.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">no longer a fair test of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 178.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 332.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 332.25pt; left: 0pt; overflow: hidden; position: var(--position); top: 223.5pt; width: 59.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">incentives&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;  <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To motivate <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and incentivize <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">delivery of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">sustained, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">long-term <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and to align <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">participants&#8217; <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">interests to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">that of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 59.25pt; position: var(--position); top: 223.5pt; width: 188.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Allows for grants of equity incentive awards under <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the Global Omnibus Plan. Executive Directors are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">eligible to participate in equity incentive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">programmes that are implemented under the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Global Omnibus Plan from time to&#160;time&#160; Equity <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">awards are typically made in the form of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance shares under the Long-term Incentive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plan (LTIP) linked to Group performance over a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">three-year performance period.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Both the Executive Directors participate <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in&#160;an&#160;annual LTIP and the CFO has been awarded <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">a one-off retention long term incentive plan award <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(RLTIP) granted in&#160;connection with the IPO. <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee may deem it appropriate to deliver <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP awards in other forms or using alternative <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">vehicles under the Global Omnibus Plan. These <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">vehicles may include, but are not limited to, share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">options, restricted shares, restricted stock units, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance shares, performance share units, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 154.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">phantom stock, and/or any other equity-based or <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 162.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">cash-based LTI instruments as may be considered <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 170.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate from time to time. When determining <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 178.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award values and the form of vehicle used, the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 186.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee will consider the certainty of value <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 194.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">associated with the relevant delivery vehicle and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 202.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">have due regard for the overall limits in the policy<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 210.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Under the LTIP and RLTIP, the Committee has <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 218.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">discretion to allow participants to receive dividend <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 226.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">equivalents in relation to the period between grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 234.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and vesting in respect of awards that vest.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 242.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee has discretion to adjust the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 250.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">formulaic outcome upwards or downwards <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 258.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">to&#160;ensure outcomes reflect overarching Company <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 266.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance and/or management contribution. Any <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 274.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">adjustment made using this discretion will be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 282.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">explained.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 290.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Malus and clawback apply. Refer to the notes to the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 298.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">policy table. <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 306.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The CEO has an outstanding award under a&#160;legacy <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 314.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">annual long term incentive. Refer to&#160;the notes to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 322.63pt; width: 188.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the policy table.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 223.5pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The maximum annual long-<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">term incentive award that <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">may be awarded for each <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">year is up to 200% of Base <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Salary with the actual level of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">awarded determined each <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">year. Typically, under the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP, 50% of the maximum <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award typically vests for <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">achieving threshold <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance, increasing on a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">graduated scale to 100% of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the maximum opportunity <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">vesting for achieving <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">maximum performance. For <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">exceptional performance, the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">number of shares receivable <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">will increase by 15% (i.e. up <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">to 230% of salary if a 200% <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 154.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of base salary grant is made <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 162.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and if the pre-set exceptional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 170.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance target for the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 178.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">three year performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 186.63pt; width: 110.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">period has been met.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000000; border-top: 0.25pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 357.75pt; position: var(--position); top: 223.5pt; width: 110.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee selects <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance measures that <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">support the Company&#8217;s long-<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">term strategic priorities, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provide a direct link with <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder value and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ensure a clear line of sight for <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">participants between <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance and reward.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Detail on performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">measures and the associated <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 90.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">rationale for their selection <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 98.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">will be disclosed in the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 106.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">relevant annual report.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 114.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee has <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 122.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">discretion to amend <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 130.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance measures and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 138.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">targets after they have been <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 146.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">set if events occur that the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 154.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Committee considers mean <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 162.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">that the original performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 170.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">measures and/or targets are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 178.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">no longer a fair test of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 186.63pt; width: 110.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">125<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes to the Executive Director Policy Table<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Malus and Clawback<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 157.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual bonus and DBP awards<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 179.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee will be able to reduce bonus payments if it determines that the outturn does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 191.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accurately reflect the broader financial situation of the Company. Malus and clawback will apply for five <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 203.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years from payment / the grant of a DBP award, for:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 225.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">financial misstatement or calculation error;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 247.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">misconduct, misbehavior or material error; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 269.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">failure of risk management;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 291.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">material downturn in financial performance, contribution to circumstances giving rise to significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 303.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">losses, failures of fitness and propriety; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 325.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">reputational damage, corporate failure.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Bonuses and DBP awards may be subject to clawback beyond the fifth anniversary of the grant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 359.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date to the extent required by&#160;the Securities and Exchange Commission (SEC) and Nasdaq rules in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 371.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">event of certain financial misstatements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equity incentives including LTIP awards<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Malus and clawback provisions may vary depending on the terms of individual awards but the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Global Omnibus Plan allows for malus or clawback to be applied in the following circumstances for five <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years from the grant of an equity incentive award:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 461.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">financial misstatement or calculation error;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 483.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">misconduct, misbehavior or material error;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 505.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contribution to circumstances that give rise to significant losses to the Company;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 527.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">breach of codes of conduct or failure to meet standards of fitness and conduct; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 549.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">significant impact on the reputation of the Company; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 571.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and serious financial downturn, corporate failure or a failure of risk management.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 593.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 79.52pt; position: var(--position); text-decoration: none; white-space: pre;">Equity incentive awards may be subject to clawback beyond the fifth anniversary of the grant date to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 605.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 70.02pt; position: var(--position); text-decoration: none; white-space: pre;">extent required by the SEC and Nasdaq rules in the event of certain financial misstatements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 627.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Deferred Bonus Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 649.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors are also set to receive further vestings under the 'legacy' deferred bonus plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 661.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that was operated in 2023. Deferred share awards vest over three years on the first, second and third <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 673.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of the date of grant. No further awards will be granted under the legacy deferred bonus plan.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">126<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The third and final tranche of the 2021 deferred annual bonus plan vested on March 6, 2025. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">second tranche of the 2022 deferred annual bonus is due to vest on May 4, 2025. No further awards will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 137.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be granted under the legacy deferred bonus plans.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Annual Long Term Incentive Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 181.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the awards granted under the Global Omnibus Plan, the CEO continues to hold a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 193.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share award that was granted prior to the IPO under the Company's previous annual long term incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 205.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">plan (Legacy Annual LTIP). The Legacy Annual LTIP has been superseded by the Global Omnibus Plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 217.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">but the award will still vest in accordance with its terms. No further awards will be granted under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 229.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Annual LTIP. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 251.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The CEO's Legacy Annual LTIP award will vest on the later of September 6, 2026, the date on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which the performance condition is assessed and the date on which the audited accounts of the Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for FY25 are released.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 297.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Performance measures for the CEO's Legacy Annual LTIP award consist of the achievement of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 309.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an average ROE hurdle of 12% and an adjusted profit before tax target.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">127<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other matters<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the above, the Company is entitled to honour any contractual entitlement to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration or benefits, and any cash or equity incentive awards, which is or are held by: (i) any current <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or former Executive Director on the Effective Date of this policy; or (ii) an employee or officer of the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the date they are promoted to the role of Executive Director, including the vesting of the legacy equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incentive awards referred to above. Appropriate disclosure will be made of any remuneration paid (or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">similar) to an Executive Director pursuant to any such arrangements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 217.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company may reimburse all reasonable expenses incurred by an Executive Director in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 229.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with their role. This may include expenses in attending Board or Board-committee meetings, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or the Company may alternatively provide a travel allowance for such purpose. This may also include <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 253.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">items which, for tax purposes, are treated as a taxable benefit, and in which case the Company may also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 265.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pay any such tax on behalf of the Executive Director.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">External Non-Executive appointments<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 309.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to accepting any position on the board of directors of any organisation, whether for-profit or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 321.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not-for-profit, current directors should notify the Chair of the Board and the Company Secretary. The Chair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Board and the Company Secretary shall review the proposed board membership to ensure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 345.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance with applicable laws and policies, including the Company&#8217;s conflict of interest policies. Absent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 357.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the prior approval of the Board, members of the Board are not permitted to serve on the board of directors <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or similar governing body of other financial services organisations. Any fees received are retained by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Director.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Difference between Executive pay and pay of other employees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 425.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The key difference between the remuneration policy for Executive Directors and the remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 437.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">policy for other employees is the long-term performance aspect applicable to Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 449.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration. A greater proportion of Executive Director's remuneration is deferred and delivered in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 461.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">form of Company shares. Executive Director remuneration also includes various retention periods (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period depending on the type of award) and post-employment shareholding requirements that do not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">apply to the majority of other employees. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 507.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee Discretion<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 529.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee operates under the powers it has been delegated by the Board. The Committee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 541.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operates Marex's incentive plans in accordance with the relevant plan rules and applicable legislation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 553.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">where relevant. The plan rules provide the Committee with a number of discretions to ensure effective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 565.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operation of the plans. These discretions are consistent with standard market practice and include (but <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 577.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are not limited to) the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 599.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">determining participation in incentive plans and the timing and quantum of grants of awards and/or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 611.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">payments; the choice of (and adjustment of) performance measures and targets and determining <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 623.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the extent of vesting based on the assessment of performance; determining whether and to what <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 635.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">extent dividend equivalents should apply to awards; and determining whether (and if so, to what <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 647.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">extent) malus and clawback shall be applied to any award;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 669.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">overriding formulaic annual bonus outcomes and LTIP/RLTIP vesting outcomes;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 691.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">making appropriate adjustments required in certain circumstances, for instance for changes in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 703.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">capital structure (or any similar corporate event);<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">128<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">determining the application of retention periods;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">determining &#8220;good leaver&#8221; status for incentive plan purposes and applying the appropriate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">treatment; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 79.52pt; position: var(--position); text-decoration: none; white-space: pre;">undertaking the annual review of weighting of performance measures and setting targets for the annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 181.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 70.02pt; position: var(--position); text-decoration: none; white-space: pre;">bonus plan and LTIP awards from year to year.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 203.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Service contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 225.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Executive Directors are employed on permanent contracts, terminable by either party on one <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 237.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year's notice. The Company may require the Executive Director to be on garden leave during all or any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 249.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">part of the period of notice (whether given by the Executive Director or the Company).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 293.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Executive Directors' service contracts are available for inspection at the Company&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 305.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">registered office during normal hours of&#160;business, and will also be available at the Company&#8217;s AGM until <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 317.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the close of the meeting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 339.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Internal promotions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 361.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the event that an employee of the Group is promoted to the role of Executive Director, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 373.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company will be permitted to&#160;honour the terms of the employee's existing employment agreement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 395.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">External Recruitment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 417.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company's policy is that any new agreement with a newly appointed Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 429.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">would generally comply with the following principles:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 451.39pt; width: 612pt;"><div style="font-size: 0pt; left: 58.5pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 416.25pt;"/></tr><tr style="height: 33.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Notice period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 0pt; width: 416.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 416.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">T<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 8.73pt; position: var(--position); white-space: pre;">he notice period would be 12 months in the case of notice being given by both the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 416.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); white-space: pre;">Company and the Executive Director. An Executive Director may be placed on garden leave <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 416.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); white-space: pre;">during the notice period.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Payment in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">lieu of notice <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">("PILON")<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 33.75pt; width: 416.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 416.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The contract may include provision for the contract to be terminated summarily by paying a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 416.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">PILON <span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.38pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">comprising basic salary and pension for the remainder of the notice period. PILON </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 416.25pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">will not apply on termination for misconduct. The Company will have discretion to pay on a </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 416.25pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">phased basis, subject to mitigation.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 33.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 78pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Retirement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 78pt; width: 416.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The service contract may include entitlement to retirements benefits, subject to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provisions and limits set out in this Remuneration Policy. The entitlement to retirement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits may continue during any notice period.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 33.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 111.75pt; width: 416.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The service contract may include entitlement to other benefits, subject to the provisions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">limits set out in this Remuneration Policy. The entitlement to other benefits may continue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">during any notice period.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">plans<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 65.25pt; position: var(--position); top: 145.5pt; width: 416.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Executive Director will be eligible to be considered (at the Committee's discretion) to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">participate in the Company's annual bonus arrangements and long term incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements (whether cash or equity based). Participation in such arrangements will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 416.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">subject to the provisions and limits set out in this Remuneration Policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 656.14pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">New service contracts will also take account of any local law requirements.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">129<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Approach to recruitment remuneration<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In recruiting an Executive Director, including on promotion of an employee or officer from within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group to the role of Executive Director, the Committee will offer the recruit a remuneration package <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that it believes is appropriate, taking into account the skills and experience of the individual and the need <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to recruit, retain and motivate individuals of the appropriate calibre.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 193.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The remuneration package offered may include the components of remuneration described <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 205.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">above in the Executive Directors' Remuneration Policy table.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 227.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For external hires, the Committee may determine that it would be appropriate to buy-out any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 239.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">existing incentive awards held by the individual that are forfeited as a result of the individual leaving their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 251.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">former employer. The Committee may also determine that it would be appropriate to grant recruitment-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related awards. In the case of any buy-out of an equity based award, or the grant of any recruitment-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related award, the award would normally be granted as an equity based award (but may instead be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granted as a cash award), subject to such vesting and/or performance conditions as the Committee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determines to be appropriate, either under a one-off arrangement or under the terms of the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 311.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan. In determining the terms of such awards, the Committee will take into account the value, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 323.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vesting schedule and conditions attached to the forfeited awards (in the case of buy-out awards), but also <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 335.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other factors that it determines to be relevant, including the need to suitably incentivise and retain the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual during the initial years of their office.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 369.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The maximum level of variable remuneration that may be granted to any new Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 381.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">will be set in line with the Directors' Remuneration Policy table. For the avoidance of doubt, the value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any buy-out or recruitment-related award shall not be included within this maximum. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">130<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Loss of office payments<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contractual entitlements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 157.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A departing Executive Directors' rights in respect of salary, retirement benefits and contractual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefits will be determined in&#160;accordance with their service contract (see above).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 191.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Incentive plans<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 213.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The terms of a departing Executive Directors' participation in any annual bonus or long term <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 225.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incentive plans will be governed by&#160;the terms of such arrangements and the terms of the Global Omnibus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 237.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Plan. The treatment of incentive awards in these scenarios is also subject to the Company's obligations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 249.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the MIFIDPRU Remuneration Code, as set out in the Company's IFPR Remuneration Policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 271.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Bonus &#8211; The service contracts do not oblige the Company to pay an annual bonus to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 283.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors and bonuses are awarded at the Committee&#8217;s discretion. Payment of any bonus is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 295.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditional upon the Executive Director being in employment and not under notice at the payment date, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 307.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">except in certain "Good Leaver" circumstances. Where the director is deemed to be a "Good Leaver", <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 319.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">they may still remain eligible to receive a pro-rata annual bonus for the year of their departure, at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 331.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee's discretion. Good Leaver reasons are: (i) death; (ii) injury or disability; (iii) sale of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 343.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employing business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 355.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retiree"; and (vii) any other reason as may be determined by the Committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 377.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Bonus Programme &#8211; Under the DBP, any unvested tranches of an award will lapse if a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 389.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participant leaves, other than as a "Good Leaver". <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 411.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will remain capable of vesting on their normal vesting dates if the participant departs due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 423.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to a Good Leaver reason, being: (i) death; (ii) ill-health, injury or disability; (iii) sale of the employing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 435.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career Retiree"; and (vii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 447.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any other reason as may be determined by the Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 469.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Annual LTIP &#8211; Under the Annual LTIP, unvested awards will lapse to the following extent if a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 481.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participant ceases employment:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 503.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in full on the participant ceasing employment prior to the first anniversary of grant;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 525.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">as to 67% on the participant ceasing employment after the first anniversary of grant but before the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 537.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">second anniversary of&#160;grant; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 559.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">as to 33% on the participant ceasing employment after the second anniversary of grant but before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 571.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the third anniversary of&#160;grant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 593.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">However, unvested awards will remain capable of vesting on their normal vesting date if a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 605.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">participant leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 617.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the employing business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 629.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retiree"; and (vii) any other reason as may be determined by the Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 651.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The vesting of any award will remain subject to the achievement of the applicable performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 663.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditions. The extent to which an award vests shall be reduced to reflect the time elapsed from the grant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 675.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date to the date of cessation or date of notice, unless the Committee determines otherwise.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 697.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any remaining portion of an award may still lapse if the Executive Director were to subsequently <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 709.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">become a "Bad Leaver". <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">131<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Retention LTIP &#8211; Under the RLTIP, unvested awards will lapse in full if a participant leaves. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">However, unvested awards will remain capable of vesting on their normal vesting date if a participant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 137.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 149.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employing business or company; and (iv) any other reason as may be determined by the Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The vesting of any award will remain subject to the achievement of the applicable performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditions. The extent to which an award vests shall be reduced to reflect the time elapsed from the grant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date to the date of cessation or date of notice, unless the Committee determines otherwise.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 217.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any remaining portion of an award may still lapse if the Executive Director were to subsequently <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 229.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">become a "Bad Leaver".<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">132<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Annual LTIP &#8211; Under the Legacy Annual LTIP, the CEO's award will lapse to the following <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extent if he ceases employment:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">as to 67% on ceasing employment after September 6 ,2024 but before September 6, 2025; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">as to 33% on ceasing employment on or after September 6, 2025 but before September 6, 2026 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 181.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">(being the third anniversary of&#160;grant). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 203.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">However, the CEO's unvested award will remain capable of vesting on its normal vesting date if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 215.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the CEO leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 227.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the employing business or company; (iv) redundancy; (v) mutual agreement; (vi) the participant becoming <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 239.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a "Career Retiree" and (vii) any other reason as may be determined by the Committee.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 261.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The vesting of the CEO's award will remain subject to the achievement of the applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 273.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance conditions. The extent to which his award vests shall be reduced to reflect the time elapsed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 285.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the grant date to the date of cessation or date of notice, unless the Committee determines otherwise.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 307.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any remaining portion of an award may still lapse if the CEO were to subsequently become a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 319.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">"Bad Leaver".<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 341.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Deferred Bonus Plans &#8211; Under the Legacy Deferred Bonus Plan, any unvested tranches <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 353.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of an award will lapse if a&#160;participant leaves, other than as a "Good Leaver".<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 375.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will remain capable of vesting on their normal vesting dates if a participant leaves due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 387.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a Good Leaver reason, being: (i) death; (ii) ill-health, injury or disability; (iii) sale of the employing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 399.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career Retiree"; and (vii) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 411.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any other reason as may be determined by the Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 433.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 455.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company may enter into new contractual arrangements with a departing Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 467.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in connection with their cessation of office or employment, including (but not limited to) in respect of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 479.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settlement of claims, confidentiality, restrictive covenants and/or consultancy arrangements, where the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 491.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee determines it necessary or appropriate to do so. The Company may pay reasonable legal fees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 503.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on behalf of an Executive Director in connection with their cessation of office and employment. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 515.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company may agree to provide other ancillary or non-material benefits, payments or similar to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 527.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">departing Executive Director. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 549.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate actions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 571.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The treatment of incentive awards in the event of a corporate action affecting the Company will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 583.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determined in accordance with the terms of such awards and the terms of the Global Omnibus Plan. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 595.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treatment of incentive awards in these scenarios is <span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 298.62pt; position: var(--position); text-decoration: none; white-space: pre;">also subject to the Company's obligations <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 609.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the MIFIDPRU Remuneration Code, as set out in the Company's IFPR Remuneration Policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 631.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Awards granted under the DBP, LTIP, Retention LTIP and Legacy Annual LTIP, and awards <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 643.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granted in 2023 under the Legacy Deferred Bonus Plan will not vest early on a corporate action but will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 655.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remain capable of vesting on the normal vesting date (subject to any discretionary adjustment by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 667.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee to reflect the corporate action). For the LTIP, Retention LTIP and Legacy Annual LTIP, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 679.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extent to which awards vest will continue to be subject to the applicable performance conditions. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">133<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors' Remuneration table<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 157.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 479.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 108.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 190.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 120.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 59.25pt;"/></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Element<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 0pt; width: 190.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 299.25pt; position: var(--position); top: 0pt; width: 120.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum Opportunity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420pt; position: var(--position); top: 0pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.12pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performanc<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">e Measures<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 153.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fees<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To attract and retain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">high-calibre Non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 24pt; width: 190.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fees will typically consist of a basic fee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">for Non-Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">responsibilities plus incremental fees for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">additional roles/responsibilities such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 42.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">membership and chairmanship of Board <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 52.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">committees and the Senior Independent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Director role.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 72.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Non-Executive Directors receive a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 82.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">portion of their fees in cash and a portion <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in the form of an award of additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 102.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares (see Equity Awards section). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 112.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">The Non-Executive Directors do not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 122.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">receive any pension from the Company, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">nor do they participate in any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance-related incentive plans.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 299.25pt; position: var(--position); top: 24pt; width: 120.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">There is no prescribed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">maximum. The fee levels <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are reviewed on an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">annual basis and may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 42.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">increased by the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 52.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">taking into account <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">factors such as wider <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 72.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">economic conditions, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 82.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">time commitment of&#160;the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">role, and market levels <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 102.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in&#160;comparable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 112.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">companies.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420pt; position: var(--position); top: 24pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 96pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 177.75pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To reimburse Directors <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">for reasonable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">expenses incurred<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 96pt; left: 108.75pt; overflow: hidden; position: var(--position); top: 177.75pt; width: 190.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors may receive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">travel, accommodation and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">business-related expenses incurred in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">carrying out their duties. Non-Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 42.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Directors are entitled to receive officers' <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 52.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liability insurance.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other reasonable benefits may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 72.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">provided to Non-Executive Directors at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 82.63pt; width: 190.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the discretion of the Committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 299.25pt; position: var(--position); top: 177.75pt; width: 120.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 120.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">No formal maximum<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420pt; position: var(--position); top: 177.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">applicable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 114pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 273.75pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity Awards<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">To attract and retain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">high-calibre Non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 42.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">For public companies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 52.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">listed in&#160;the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">States, equity-based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 72.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 82.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">standard component of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 102.63pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 273.75pt; width: 190.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As part of their fees, Non-Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Directors are eligible to receive an annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 22.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">fixed award over ordinary shares in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 32.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Company pursuant to the Non-employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 42.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sub-Plan of the Global Omnibus Plan. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 52.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Any shares awarded will not be subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance conditions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 72.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest on a daily basis over a 12 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 82.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">month period and are not subject to any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92.63pt; width: 190.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">post vesting sale restrictions.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 299.25pt; position: var(--position); top: 273.75pt; width: 120.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 120.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">No formal maximum<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420pt; position: var(--position); top: 273.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 12.63pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">applicable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 550.14pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); white-space: pre;">Notes to the Non-Executive Director policy table<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the above, the Company is entitled to honour any contractual entitlement to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration or benefits, and any cash or equity incentive awards, which are held by any current or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">former Non-Executive Director on the Effective Date of this policy. Appropriate disclosure will be made of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any remuneration paid (or similar) to a Non-Executive Director pursuant to any such arrangements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company may reimburse all reasonable expenses incurred by a Non-Executive Director in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">connection with their role. This&#160;will include expenses in attending Board or Board-committee meetings, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company may alternatively provide a travel&#160;allowance for such purpose. This may also include items <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which, for tax purposes, are treated as a taxable benefit, and in&#160;which case the Company may also pay <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any such tax on behalf of the Non-Executive Director.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">134<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Terms of appointment and terms on termination of office <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Current Non-Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 157.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Details of the letters of appointment currently in place for the Non-Executive Directors are as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 169.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 191.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 160.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 160.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 160.5pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 0pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date of letter of appointment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 0pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Unexpired term at AGM<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 14.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.97pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 14.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 28.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.97pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 28.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 42.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.97pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 42.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 57pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.97pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 57pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 71.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.97pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 71.25pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 85.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.41pt; position: var(--position); text-decoration: none; white-space: pre;">6/14/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 85.5pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 160.5pt; position: var(--position); top: 99.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.41pt; position: var(--position); text-decoration: none; white-space: pre;">6/14/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 321pt; position: var(--position); top: 99.75pt; width: 160.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 160.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 320.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Each of the letters of appointment provide for a three month notice period (from either the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company or the individual). Non-Executive Directors will be entitled to any outstanding fees (including a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pro-rata portion of their equity award) and reimbursed expenses owed to them prior to the date of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">termination. The letters do not otherwise include any provision for benefits upon a&#160;termination of service.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">All Non-Executive Director letters of appointment are available for inspection at the Company&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">registered office during normal hours of business, and will also be available at the Company&#8217;s AGM until <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the close of the meeting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">New Non-Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company's policy is that any letter of appointment for any newly elected Non-Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Director will include an entitlement to fees, notice and an equity award in line with the policy above.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Approach to recruitment remuneration<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">When recruiting Non-Executive Directors, the remuneration arrangements offered will be in line <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with those set out in the policy&#160;above. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Application of this policy for Executive Directors in the year ending December 31, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Total remuneration for each Executive Director for a minimum, target, maximum and maximum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">plus 50% share price growth over the vesting period for the LTIP is presented in the charts below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The &#8216;Minimum&#8217; scenario shows fixed remuneration only, i.e. salary, pension and benefits. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">'Target' scenario shows fixed remuneration plus on target payout under the annual bonus and LTIP. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">'Maximum' scenario shows fixed remuneration plus maximum payout under annual bonus and LTIP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(including full vesting of the stretch element of the annual LTIP). For simplicity, the charts exclude <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividend accrual, and exclude the effect of any share price movement except in the 'Maximum +50%' <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">scenario. For the 'Maximum plus 50%' scenario, all elements are the same as for the maximum scenario, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">but assuming 50% share price growth across the vesting period for LTIP awards.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">135<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 6pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">CEO</span><span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="background-color: transparent; height: 36pt; left: 72.6pt; opacity: 1; position: var(--position); top: 125.56pt; width: 117pt; z-index: 2;"><div><div style="font-size: 0pt; width: 117pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24.75pt;"/></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #76378d; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> Fixed Remuneration<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #111023; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> Annual Bonus<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #b699c8; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="color: #b699c8; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 7.74pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="background-color: transparent; height: 184.59pt; left: 72.6pt; opacity: 1; position: var(--position); top: 149.73pt; width: 235.27pt; z-index: 1;"><div><div><div style="position: var(--position);"><img src="mar-20241231_g2.gif" alt="1" style="height: 184.59pt; width: 235.27pt;"/></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 203.39pt; opacity: 1; position: var(--position); top: 172.88pt; width: 34.2pt; z-index: 8;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">14%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 261.59pt; opacity: 1; position: var(--position); top: 166.88pt; width: 34.2pt; z-index: 9;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">20%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 143.99pt; opacity: 1; position: var(--position); top: 200.23pt; width: 34.2pt; z-index: 7;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">16%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 261.59pt; opacity: 1; position: var(--position); top: 222.93pt; width: 34.2pt; z-index: 12;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">69%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 143.99pt; opacity: 1; position: var(--position); top: 237.63pt; width: 34.2pt; z-index: 10;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">67%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 203.69pt; opacity: 1; position: var(--position); top: 224.73pt; width: 34.2pt; z-index: 11;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">74%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 85.49pt; opacity: 1; position: var(--position); top: 273.33pt; width: 34.2pt; z-index: 3;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.2pt; position: var(--position); text-decoration: none; white-space: pre;">100%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 143.99pt; opacity: 1; position: var(--position); top: 273.63pt; width: 34.2pt; z-index: 4;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">17%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 202.79pt; opacity: 1; position: var(--position); top: 273.03pt; width: 34.2pt; z-index: 5;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">12%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 261.59pt; opacity: 1; position: var(--position); top: 273.03pt; width: 34.2pt; z-index: 6;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">11%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="line-height: 6pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 311.67pt; position: var(--position); text-decoration: none; white-space: pre;">CFO<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="background-color: transparent; height: 184.59pt; left: 311.87pt; opacity: 1; position: var(--position); top: 160.93pt; width: 235.27pt; z-index: 13;"><div><div><div style="position: var(--position);"><img src="mar-20241231_g3.gif" alt="146" style="height: 184.59pt; width: 235.27pt;"/></div></div></div></div><div style="background-color: transparent; height: 36pt; left: 311.87pt; opacity: 1; position: var(--position); top: 131.56pt; width: 117pt; z-index: 14;"><div><div style="font-size: 0pt; width: 117pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24.75pt;"/></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #76378d; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> Fixed Remuneration<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #111023; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> Annual Bonus<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="3" rowspan="1" style="border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 117pt;"><div><div style="line-height: 6pt; position: var(--position); top: 3.54pt; width: 117pt;"><span style="color: #b699c8; font-family: 'Webdings', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 0.08pt; position: var(--position); text-decoration: none; white-space: pre;">g<span style="display: inline-block; height: 4.79pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 6.08pt; position: var(--position); text-decoration: none; white-space: pre;"> LTIP<span style="display: inline-block; height: 4.79pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 324.76pt; opacity: 1; position: var(--position); top: 300.68pt; width: 34.2pt; z-index: 15;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.2pt; position: var(--position); text-decoration: none; white-space: pre;">100%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 383.26pt; opacity: 1; position: var(--position); top: 300.68pt; width: 34.2pt; z-index: 16;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">25%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 442.06pt; opacity: 1; position: var(--position); top: 300.68pt; width: 34.2pt; z-index: 17;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">21%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 500.86pt; opacity: 1; position: var(--position); top: 300.68pt; width: 34.2pt; z-index: 18;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">18%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 383.26pt; opacity: 1; position: var(--position); top: 227.13pt; width: 34.2pt; z-index: 19;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">32%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 442.66pt; opacity: 1; position: var(--position); top: 203.48pt; width: 34.2pt; z-index: 20;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">29%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 500.86pt; opacity: 1; position: var(--position); top: 194.78pt; width: 34.2pt; z-index: 21;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">38%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 383.26pt; opacity: 1; position: var(--position); top: 266.33pt; width: 34.2pt; z-index: 22;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">43%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 442.96pt; opacity: 1; position: var(--position); top: 254.18pt; width: 34.2pt; z-index: 23;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">50%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="background-color: transparent; height: 17.4pt; left: 501.16pt; opacity: 1; position: var(--position); top: 254.18pt; width: 34.2pt; z-index: 24;"><div><div><div><div style="line-height: 7pt; position: var(--position); top: 7.2pt; width: 34.2pt;"><span style="color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.1pt; position: var(--position); text-decoration: none; white-space: pre;">44%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></div></div><div style="line-height: 10pt; position: var(--position); top: 352.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 111.58pt; position: var(--position); text-decoration: none; white-space: pre;">For purposes of the above charts, benefits figures are illustrative based on 2024 figures. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Specific statements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement of consideration of employment conditions elsewhere in the Group<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Policy on Directors&#8217; Remuneration compared with employees generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee is consulted and has general oversight of pay policies below Board level, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including but not limited to the determination of the size and affordability of the annual discretionary bonus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pool and the setting of the salary pool each year. These policies are taken into account when setting the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Directors&#8217; Remuneration Policy. As a general rule, the same principles are applied to Directors&#8217; fixed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration, pension contributions in the relevant location and benefits as are applied to employees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">throughout the Group. The Company seeks to pay all employees a competitive level of fixed remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on&#160;their experience and the requirements of the role.Pension and benefits are provided to all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees reflecting local practices in all jurisdictions where we operate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company operates multiple bonus arrangements for different categories of employee, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consisting of: a discretionary bonus pool scheme; a formulaic bonus pool/discretionary allocation scheme; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and formulaic allocation cash bonus schemes. Brokers&#8217; and other revenue linked bonus schemes are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">described below and may operate on a quarterly, bi-annual or annual basis; all other bonuses are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally discretionary annual bonuses. In addition to such periodic schemes, Marex may from time to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">time operate ad hoc exceptional bonus schemes in connection with specific projects or exceptional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 636.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">events. All employees including Material Risk Takers are eligible to participate in these bonus schemes, at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the discretion of the Committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company operates a mandatory bonus deferral plan for all employees identified as Material <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk Takers. Other senior employees may also be identified as a participant in the annual Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Deferral plan. Deferral is made in conditional shares subject to a three year vesting period and a six <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">136<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">month post vesting sales restriction. Deferred bonus awards are subject to malus and clawback in line <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with the Executive Directors. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Throughout the annual discretionary bonus review cycle, the assessment of individual conduct, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behaviour and performance is a top priority with all employees participating in the annual performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">review process, including ratings being reviewed by the Management Committee during the annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calibration process. The Chief Risk Officer together with the Heads of Compliance, Human Resources, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk and Internal Audit form the Conduct Review Panel through which they identify any employee where <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">their conduct or behaviour has fallen below acceptable levels and may lead to a bonus reduction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accordingly. Through these processes, they review year-end bonus outcomes to ensure these are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 231.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate taking into account any risk events or breaches that have occurred during the year. Subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 243.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the discretion of the Executive Directors and the Committee for regulated staff, variable pay awards may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 255.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be risk-adjusted or held pending a formal investigation to ensure reward is clearly linked to performance, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 267.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behaviour and conduct.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">137<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Policies for Brokers and other Revenue Producers<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Broker and other revenue producers variable pay is based on the principle that their remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is directly linked to financial performance, generally at a desk/team level, and is calculated in accordance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with agreed terms set out in contracts of employment. These calculations take into account the fixed costs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Brokers; variable remuneration payments are therefore based on the profits that the Brokers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generate for the business together with an assessment of individual performance including conduct and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">behaviours. Typically, Brokers receive a fixed salary/draw paid regularly throughout the year, with a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant portion of variable remuneration dependent on their revenue performance and conduct. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Brokers also participate in benefit and pension arrangements applicable more broadly to other employees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 231.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the location where they are employed.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 253.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Policies for Control &amp; Support Employees - including Material Risk Takers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 275.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Variable remuneration for Control &amp; Support employees will be paid only if it is sustainable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 287.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">according to the financial situation of&#160;the Company as a whole, and justified on the basis of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance of the Company, the business unit and the individual concerned. Decisions on actual bonus <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 311.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards are made independent of the performance of the business areas they support. Control and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 323.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Support employees do not report directly to revenue producers. All Heads of Control &amp; Support functions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 335.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been designated as MRTs. Their remuneration is reviewed by the relevant Remuneration Committee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 347.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as part of the annual review of MRT pay.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement of consideration of shareholder views<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 413.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Company is committed to shareholder dialogue and takes an active interest in voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 425.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outcomes. The Committee consulted extensively with the major shareholders when introducing the Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 437.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Omnibus Plan as part of the IPO process, and has continued to consult with our major shareholder in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 449.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relation to the incentive arrangements for Executive Directors as outlined in&#160;this Remuneration Policy. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 461.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee will also consider shareholder feedback received in relation to the Directors&#8217; Remuneration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Report following the AGM. This, plus any additional feedback received from time to time, will then be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">considered as part of the Committee&#8217;s annual review of the Remuneration Policy and its implementation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 507.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee may make minor changes to this policy that do not have a material advantage to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 519.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors without seeking shareholder approval.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 541.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 563.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Single total figure of remuneration for each Executive Director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 585.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The amount earned by each of the Executive Directors for the year ended 31 December 2024 is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 597.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">set out in the table below: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 619.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 57pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 57pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Name<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Salary<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Pension <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 187.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bonus<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 0pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fixed <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 0pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total variable <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">remuneration<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 20.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 2.75pt;"></span></span><span style="left: 5.38pt; position: var(--position);">$1,279,553<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 10.1pt;"></span></span><span style="left: 12.73pt; position: var(--position);">$19,127<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.52pt;"></span></span><span style="left: 29.15pt; position: var(--position);">$&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 187.5pt; overflow: hidden; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 2.63pt; position: var(--position);">$5,642,827<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.52pt;"></span></span><span style="left: 29.15pt; position: var(--position);">$&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.52pt;"></span></span><span style="left: 29.15pt; position: var(--position);">$&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 322.5pt; overflow: hidden; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 2.63pt; position: var(--position);">$6,941,506<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 20.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 11pt;"></span></span><span style="left: 13.629999999999999pt; position: var(--position);">$1,298,680<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 20.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 11pt;"></span></span><span style="left: 13.629999999999999pt; position: var(--position);">$5,642,827<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 32.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 32.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 12.04pt; position: var(--position);">$607,787<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 14.54pt;"></span></span><span style="left: 17.169999999999998pt; position: var(--position);">$2,002<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 14.54pt;"></span></span><span style="left: 17.169999999999998pt; position: var(--position);">$9,489<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 187.5pt; overflow: hidden; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 2.63pt; position: var(--position);">$1,010,447<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.52pt;"></span></span><span style="left: 29.15pt; position: var(--position);">$&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.52pt;"></span></span><span style="left: 29.15pt; position: var(--position);">$&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 322.5pt; overflow: hidden; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 2.63pt; position: var(--position);">$1,629,725<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 32.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 17.66pt;"></span></span><span style="left: 20.29pt; position: var(--position);">$619,278<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 32.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 11pt;"></span></span><span style="left: 13.629999999999999pt; position: var(--position);">$1,010,447<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 7pt; position: var(--position); top: 668.64pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Executive Directors are paid in GBP. Table reflects 2024 GBP to USD @ 1.27955.</span><span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 687.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The amount earned by each of the Executive Directors for the year ended 31 December 2023 is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 699.04pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">set out in the table below:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">138<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 57pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 57pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 48.75pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Name</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 48.75pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Salary</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Benefits</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Pension </span><span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Benefits</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 187.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Annual </span><span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Bonus</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">LTIP</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Other</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Total</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 0pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Total fixed </span><span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">remuneration</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 0pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Total variable </span><span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">remuneration</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Ian Lowitt</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 20.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 6.16pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$1,242,000</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.51pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$23,626</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.93pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$&#8212;</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 187.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 7.8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 7.8pt; font-style: normal; font-weight: normal; left: 3.41pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$4,806,540</span><span style="display: inline-block; height: 5.67pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.93pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$&#8212;</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$3,726</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 7.8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 7.8pt; font-style: normal; font-weight: normal; left: 3.41pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$6,075,892</span><span style="display: inline-block; height: 5.67pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 20.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 14.41pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$1,265,626</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 20.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 14.41pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$4,810,266</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 32.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Rob Irvin</span><span style="display: inline-block; height: 5.82pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 34.59pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;"><span style="background-color: inherit;">1</span><span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 48.75pt; position: var(--position); top: 32.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 12.82pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$410.815</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 97.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$1,426</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$7,676</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 187.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 7.8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 7.8pt; font-style: normal; font-weight: normal; left: 9.9pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$580,014</span><span style="display: inline-block; height: 5.67pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 232.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.93pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$&#8212;</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.93pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$&#8212;</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 32.25pt; width: 45pt;"><div><div style="line-height: 7.8pt; position: var(--position); top: 2.63pt; width: 45pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 7.8pt; font-style: normal; font-weight: normal; left: 9.9pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$999,930</span><span style="display: inline-block; height: 5.67pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 32.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 21.07pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$419,916</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 424.5pt; position: var(--position); top: 32.25pt; width: 57pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 57pt;"><span style="background-color: #ffffff; color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 21.07pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$580,014</span><span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 7pt; position: var(--position); top: 162.64pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">1. Rob Irvin joined the Board in May 2023.</span><span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 185.44pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Executive Directors are paid in GBP. Table reflects 2023 GBP to USD @1.242.</span><span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Details of amounts included in the single total figure for the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span><span id="ifc565df7cdc84e7099fcba38ad2e53af"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="ica915a26c89840a2a732d20bbe98ccd8"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following benefits were available to the Executive Directors during the year ended 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 266.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Private medical, life insurance, pension and income protection. The taxable value of all benefits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provided is included in the table&#160;above. The CFO participated in the Company pension plan. Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contributions in to the plan are included in the table&#160;above.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 334.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Bonus in respect of 2024<span style="display: inline-block; height: 7.28pt;"></span><span id="ia55b5a0fb334423f9638a60a2c63509b"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In 2024, the CEO and CFO were eligible for a bonus up to 450% and 150% of salary respectively.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The annual bonus was assessed by taking into account various performance measures, weighted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as to 60% on financial performance and as to 40% on strategic performance (including risk).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412.24pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Assessment of performance against financial measure<span style="display: inline-block; height: 7.28pt;"></span><span id="i9d495dcf25224b1faa195f8c9112689c"></span></span></div><div style="position: var(--position); top: 424.24pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 77.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 66.75pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 77.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 77.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial measure<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 77.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 133.5pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Threshold <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(25% of max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 189.75pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Target (50% <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(100% of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 302.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">outcome<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">% achieved<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 0pt; width: 66.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bonus outcome <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">after weighting <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(%&#160;of max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 77.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 77.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Operating <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 77.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit Before Tax<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 77.25pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">60%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 133.5pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">$230m<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 189.75pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">$255m<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">$280m<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 302.25pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">$321m<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 27.75pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 40.3pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 27.75pt; width: 66.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 50.8pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 497.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Assessment of performance against strategic measures<span style="display: inline-block; height: 7.28pt;"></span><span id="i8e16207414774a559caff70503790949"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 515.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span><span id="i79f2d5cf751f4b488d0f37abb4142116"></span></span></div><div style="position: var(--position); top: 527.64pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 203.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 216.75pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Target<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 0pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 41.24pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 44.13pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(%&#160;of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">bonus)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 0pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assessment<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Complete successful listing on Nasdaq<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 27.75pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 16pt; position: var(--position); text-decoration: none; white-space: pre;">10%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 27.75pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Successful listing accomplished in April and first secondary <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">offering in October was also successful. Both&#160;offerings <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">heavily oversubscribed as a result of extensive pre-deal <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">marketing by Management. Top quartile post IPO stock <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">price performance, at 64%.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Drive the execution of growth plans for 2025 and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">beyond including overseeing the integration of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">acquisitions and increasing cross selling efforts <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">with&#160;clients<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 72pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.22pt; position: var(--position); text-decoration: none; white-space: pre;">8%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 72pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Firm has grown 29% in revenue and 39% in Operating PBT, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">well ahead of competition and without material contribution <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">from new acquisitions in 2024.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lead investor engagement<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 108pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.22pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 108pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bluechip shareholder register with name brand funds <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">represented in Top Ten. 182 meetings with investors <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in&#160;2024.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">139<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 203.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 216.75pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Target<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 0pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 41.24pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 44.13pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(%&#160;of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 48pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">bonus)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 0pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assessment<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 68.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Build an effective ESG strategy which can be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">embedded throughout Marex<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 27.75pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.22pt; position: var(--position); text-decoration: none; white-space: pre;">2%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 27.75pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Continued to invest in environmental business. Drove <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">investment in our people with the launch of Marex <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Academy, invested in a new Graduate Programme, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">expanded our partnership with Future Frontiers and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">supported charitable fund raising in the Company through <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the matching programme. Support for International <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Women&#8217;s Day, Multicultural months Pride, Pink October, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">World Mental Health Day and Movember<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Set Tone from the Top to exemplify firm-wide culture, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conduct and behaviour standards, promote positive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">employee engagement and diversify our employee <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">base<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 96pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.22pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 96pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Engagement Survey results confirm satisfied employee <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">base with score flat to 2023 at high 78 despite significant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">additional challenges in 2024. Consistently promote a &#8220;grow <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">firm safely&#8221; message.Regular Town Halls to deliver <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">message and tone from top.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 140.25pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ensure Marex operates within the Board's approved <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">risk appetite, complies with legal and regulatory <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">obligations and maintains a strong control framework <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and overall operational resilience<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 140.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 16pt; position: var(--position); text-decoration: none; white-space: pre;">10%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 140.25pt; width: 216.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk well inside Board Risk Appetite and &#8220;loss days&#8221; <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">consistent with history. Credit risk within Appetite; limited <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 216.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">realised losses. <span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 176.25pt; width: 203.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 203.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total for Strategic Measures<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 203.25pt; position: var(--position); top: 176.25pt; width: 48pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.01pt; position: var(--position); text-decoration: none; white-space: pre;">38/40<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 312.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Expressed in percentage points summing to 40% in total, 40% being the proportion of the total bonus determined by reference to non-financial metrics.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 343.84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span><span id="i34be21bc910c4cac869146027cae54c5"></span></span></div><div style="position: var(--position); top: 355.84pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 202.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 215.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Target<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 41.24pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 44.13pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(%&#160;of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">bonus)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 0pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assessment<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lead engagement with existing investors and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">potential&#160;investors<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.35pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 27.75pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Delivered successful presentation at the Analyst day, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ahead of the IPO, setting out the financial building blocks <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and drivers of the Company.Presented the 2Q &amp;&#160;3Q <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial results to the market and answered any financial <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">questions from analysts on the result calls<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deliver PCAOB audits for all outstanding years and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">all&#160;support materials<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 72pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.35pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 72pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Delivered the 2023 PCAOB audit, with minimal <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">adjustments identified by the auditors, in a timeframe that <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allowed the IPO to launch in April 2024.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Move firm towards a controls-based audit for 2026 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and&#160;launch and drive a &#8220;SOX&#8221; compliance project for <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2025 delivery<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 99.75pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.13pt; position: var(--position); text-decoration: none; white-space: pre;">10%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 99.75pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Move firm towards a controls-based audit for 2026 and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">launch and drive a &#8220;SOX&#8221; compliance project for 2025 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">delivery. Embedded quarterly reporting within the finance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">department, including all the necessary controls, to support <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">external announcements to the&#160;market.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Build an effective ESG strategy which can be <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">embedded throughout Marex<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 144pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.35pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 144pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chaired the sustainability committee and continued to&#160;drive <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">forward the Firm&#8217;s agenda, including building out the ability <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">to meet our reporting requirements for&#160;2024.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171.75pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Set Tone from the Top to exemplify firm-wide culture, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conduct and behaviour standards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 171.75pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.35pt; position: var(--position); text-decoration: none; white-space: pre;">5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 171.75pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Launched a Finance Transformation program (&#8220;Finance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">25&#8221;) which includes improving the connectivity and culture <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in finance<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 199.5pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ensure Marex operates within the board's approved <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">risk appetite, complies with legal and regulatory <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">obligations and maintains a strong control framework <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and overall operational resilience<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 199.5pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.13pt; position: var(--position); text-decoration: none; white-space: pre;">10%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 199.5pt; width: 215.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Built out a Group Liquidity Stress Framework. Developed a <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial reporting framework.Ensured compliance with <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CASS framework.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 235.5pt; width: 202.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 202.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total for Strategic Measures<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 202.5pt; position: var(--position); top: 235.5pt; width: 50.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.13pt; position: var(--position); text-decoration: none; white-space: pre;">35/40<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 614.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Expressed in percentage points summing to 40% in total, 40% being the proportion of the total bonus determined by reference to non-financial metrics.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 645.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Up to 60% of the annual bonus was deferred into share awards granted under the DBP (which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 657.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">will vest in three equal tranches over the 3-year vesting period) with the effect that bonuses were payable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 669.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 691.94pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 369pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 16.34pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 19pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 369pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 369pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Percentage of maximum annual bonus awarded<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369pt; position: var(--position); top: 12pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 36.85pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 36.85pt; position: var(--position);">98<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 48.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 12pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 36.85pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 36.85pt; position: var(--position);">95<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 48.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">140<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 369pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 369pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 369pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Quantum of award &#8211; total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 6.91pt;"></span></span><span style="left: 13.98pt; position: var(--position);">5,642,816<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 6.91pt;"></span></span><span style="left: 13.98pt; position: var(--position);">1,010,445<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 369pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 369pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Quantum of award &#8211; paid in cash<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369pt; position: var(--position); top: 12pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 6.91pt;"></span></span><span style="left: 13.98pt; position: var(--position);">3,024,856<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 12pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 13.57pt;"></span></span><span style="left: 20.64pt; position: var(--position);">672,883<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 369pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 369pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Quantum of awards &#8211; deferred into share awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 369pt; position: var(--position); top: 24pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 6.91pt;"></span></span><span style="left: 13.98pt; position: var(--position);">2,618,060<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 24pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 13.57pt;"></span></span><span style="left: 20.64pt; position: var(--position);">337,562<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 164.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The level of deferral for annual bonuses was set such that, when taken together with the annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP awards granted to Executive Directors, in aggregate at least 60% of their variable remuneration was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">delivered in the form of share awards. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Long Term Incentive awards <span style="display: inline-block; height: 7.28pt;"></span><span id="i59833c4e29854f0e943f0adcd32478ed"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A one-off share-based long-term incentive award was granted to the CEO and other senior <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees under the legacy Marex Group 2021 Retention Long-Term Incentive Plan on 21 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2021. Awards vest at 20% for threshold performance and 100% will vest if the performance conditions are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">achieved in full, with straight-line vesting between threshold and maximum. The&#160;three-year performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period for the awards ran from 1 January 2022 to 31 December 2024. The vesting of the legacy Retention <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP award is subject to the achievement of an ROE underpin (of at least 12% per annum averaged <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">across the performance period) and an adjusted profit after tax measure. The targets are shown in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">table below:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 352.79pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 474pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 87pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 84.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 123.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 125.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 87pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 87pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial measure<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 87pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 53.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 140.25pt; position: var(--position); top: 0pt; width: 84.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 84.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Threshold (20% of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 84.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225pt; position: var(--position); top: 0pt; width: 123.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 123.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Straight Line Apportionment<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 0pt; width: 125.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 125.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum (100% of max)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 87pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 87pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Growth in Adjusted <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 87pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operating Profit After <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 87pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 87pt; position: var(--position); top: 20.25pt; width: 53.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 53.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">100%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 140.25pt; position: var(--position); top: 20.25pt; width: 84.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 84.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 5% pa <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 84.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">over the Performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 84.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225pt; position: var(--position); top: 20.25pt; width: 123.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">more than 5% and&#160;less than 12% <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 123.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">over the Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 20.25pt; width: 125.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 125.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 12% pa over the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 125.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">141<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 7.28pt;"></span><span id="id37ee115673344a8b74fc639404516e4"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to the Company's IPO, the CEO held various series of growth shares in the Company. As <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">more fully described in the Company's IPO prospectus, holders of certain "series" of these growth shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(including the CEO) were entitled to receive an additional cash payment on IPO reflecting dividends paid <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">out by the Company since the growth shares were issued. This dividend entitlement was satisfied via the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuance of additional shares to the CEO and other growth shareholders. A proportion of those shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">were then sold on behalf of the CEO, to satisfy the tax liabilities arising on such shares. The net additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares retained by the CEO are included within the Statement of Directors' shareholding and interests <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 219.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">table on page <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.34pt; position: var(--position); text-decoration: none; white-space: pre;">145<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 152.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retirement benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="i13e6bdeef2e64fcbaca071abb7eeb25d"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">No defined benefit or cash balance benefits were provided in the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Scheme interests awarded in the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span><span id="i4a2fe19095dd418782a73868d888e141"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following equity awards were granted to Executive Directors during the year ended 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024. The equity awards were granted under the Global Omnibus Plan and in accordance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the IFPR Remuneration Policy. The awards were granted between 17 May 2024 to 6 June 2024 over in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate 268,702 shares with aggregate grant values of $5,410,481.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">142<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 51.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 51.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 51.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 47.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 51.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 47.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 76.5pt;"/></tr><tr style="height: 45.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 0pt; width: 51.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date of grant<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 0pt; width: 42.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 42.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Type of <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 42.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 22.84pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 0pt; width: 51.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Form of <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 0pt; width: 47.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Number of<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 23.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">subject to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 0pt; width: 51.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Shares <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 9.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">receivable if <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">minimum <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 23.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">is achieved <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(%)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 0pt; width: 47.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 23.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Face value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of award at<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award date <span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 0pt; width: 60.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.69pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">End of period <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">for which <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 23.69pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.69pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">targets need to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">be achieved<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 0pt; width: 76.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 37.69pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Vesting schedule<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 68.25pt;"><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 45.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">5 June 2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 45.75pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 45.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">-based <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 45.75pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.79pt;"></span></span><span style="left: 19.419999999999998pt; position: var(--position);">99,572<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 45.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.88pt; position: var(--position); text-decoration: none; white-space: pre;">20%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 45.75pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 1.25pt;"></span></span><span style="left: 8.32pt; position: var(--position);">1,863,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 45.75pt; width: 60.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">31 December <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2026<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 45.75pt; width: 76.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will vest in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the third <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or the date on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">which performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditions are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">assessed, if later).<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 92.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 114pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">17 May 2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 114pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">DBP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 114pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Service-<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">based <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 114pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.35pt;"></span></span><span style="left: 14.98pt; position: var(--position);">112,564<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 114pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.21pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 114pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 1.25pt;"></span></span><span style="left: 8.32pt; position: var(--position);">2,138,724<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 114pt; width: 60.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 114pt; width: 76.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will vest in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">three equal <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tranches on the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">first, second and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">third anniversary of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">grant (or the date <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">on&#160;which the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">audited accounts <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are published in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">each of those years <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">if later).<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 68.25pt;"><td colspan="1" rowspan="3" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 206.25pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 206.25pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">5 June 2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 206.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 206.25pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">-based <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 206.25pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.79pt;"></span></span><span style="left: 19.419999999999998pt; position: var(--position);">27,681<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 206.25pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.88pt; position: var(--position); text-decoration: none; white-space: pre;">20%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 206.25pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 7.91pt;"></span></span><span style="left: 14.98pt; position: var(--position);">517,914<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 206.25pt; width: 60.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">31 December <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2026<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 206.25pt; width: 76.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will vest in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the third <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or the date on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">which performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditions are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">assessed, if later).<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 68.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 274.5pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 June 2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 274.5pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Retention <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 274.5pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">-based <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 274.5pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.79pt;"></span></span><span style="left: 19.419999999999998pt; position: var(--position);">39,473<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 274.5pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.88pt; position: var(--position); text-decoration: none; white-space: pre;">20%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 274.5pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 7.91pt;"></span></span><span style="left: 14.98pt; position: var(--position);">750,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 274.5pt; width: 60.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">31 December <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2026<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 274.5pt; width: 76.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards will vest in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the third <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or the date on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">which performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditions are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">assessed, if later).<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 92.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 51.75pt; position: var(--position); top: 342.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">17 May 2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 103.5pt; position: var(--position); top: 342.75pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">DBP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 146.25pt; position: var(--position); top: 342.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Service-<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">based <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 198pt; position: var(--position); top: 342.75pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 21.23pt;"></span></span><span style="left: 23.86pt; position: var(--position);">7,412<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 245.25pt; position: var(--position); top: 342.75pt; width: 51.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 51.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 19.21pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297pt; position: var(--position); top: 342.75pt; width: 47.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 47.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 7.91pt;"></span></span><span style="left: 14.98pt; position: var(--position);">140,843<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 342.75pt; width: 60.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405pt; position: var(--position); top: 342.75pt; width: 76.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">three equal <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tranches on the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">first, second and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 34.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">third anniversary of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 42.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">grant (or the date <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">on which the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">audited accounts <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 66.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">are published in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 74.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">each of those years <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 82.63pt; width: 76.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">if later).<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 559.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Performance Measures under the Annual LTIP and the Retention LTIP are reported on page <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 327.62pt; position: var(--position); text-decoration: none; white-space: pre;">124<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 337.61pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 566.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The number of shares under award was calculated: (a) for the Annual LTIP using a share price of $18.71, being the closing market price on the dealing day prior to the day <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 573.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">of grant; (b) for the DBP using a share price of $19.08 (being the closing market price on the dealing day prior to the grant date); and (c) for the Retention LTIP using a share <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 580.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">price of&#160;$19 (being the IPO share price).<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors<span style="display: inline-block; height: 7.28pt;"></span><span id="i98621b2f132d40719bd6414431f84ffe"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Single total figure of remuneration for each Non-Executive Director <span style="display: inline-block; height: 7.28pt;"></span><span id="if3702251071544f4986470752baeee9d"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The amount earned by each of the Non-Executive Directors for the year ended 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 is set out in the table below:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 686.19pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 220.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Name<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base fees<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 39.92pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other fees<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 42.14pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity awards<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 56.79pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">357,208<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 46.77pt;"></span></span><span style="left: 53.84pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">374,629<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">143<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 220.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">100,765<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">44,784<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">162,970<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">100,765<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">47,450<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">165,635<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">100,765<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">37,320<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">155,506<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">74,599<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 46.77pt;"></span></span><span style="left: 53.84pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">92,019<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">74,599<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 46.77pt;"></span></span><span style="left: 53.84pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">92,017<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 65.24pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 60pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">95,876<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 60pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,009<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 60pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">19,680<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 60pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">135,033<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 72pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">74,599<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 72pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 34.79pt;"></span></span><span style="left: 41.86pt; position: var(--position);">8,776<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 72pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">26,076<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 72pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">100,796<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 216.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Base fee moved to &#163;85,000 from 1 June 2024 for all members other than the Chair. Chair base fee moved to &#163;300,000 from 1 June 2024.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 223.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers receives &#163;25,000 as Chair of the Remuneration Committee and &#163;10,000 overseas fee allowance, Sarah Ing receives &#163;10,000 as Senior Independent Director, <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 231.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;25,000 as Chair of the Audit &amp; Compliance Committee, Konstantin Graf von Schweinitz receives &#163;25,000 as Chair of the Risk Committee,<span style="display: inline-block; height: 4.36pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 449.53pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> Madelyn Antoncic received </span><span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 238.39pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">&#163;15,000 </span><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 106.07pt; position: var(--position); text-decoration: none; white-space: pre;">overseas fee allowance and John Pietrowicz received &#163;10,000 overseas allowance. These figures have been converted into USD using a rate of $1.27955/&#163;1<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 245.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic resigned on 18 December 2024. Her share award remained outstanding on a time pro-rated basis relative to the normal 12 months vesting period, and the <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 252.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">value included in the table for Dr. Antoncic has been calculated accordingly. The amounts included in the table reflect her fees to this date. See page <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 476.59999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">144<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 486.59pt; position: var(--position); text-decoration: none; white-space: pre;"> for further details. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 259.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Value of shares based on closing price on 7 November 2024 of $28.44. The actual value deliverable will be dependent on the value at vesting.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 291.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The amount earned by each of the Non-Executive Directors for the year ended 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 303.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023 is set out in the table below: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 339.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 220.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Name<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base fees<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 39.92pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other fees<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 42.14pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">142,830<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">27,945<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">170,775<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">86,940<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">38,813<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 24pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">125,753<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">86,940<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 37.42pt; position: var(--position);">38,813<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 36pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 25.91pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">125,753<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 220.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 220.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 220.5pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 416.25pt; position: var(--position); top: 48pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 51.18pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 404.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Chair base fee moved to &#163;250,000 from 1 October 2023.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 411.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Other fees reflect Committee Membership fee of &#163;5,000 per Committee and Committee Chair Fee of &#163;20,000. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Details of amounts included in the single total figure for the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span><span id="i43fc23e35ad64e98ab358031356fca67"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="i735ab2502fc34235a27272a2178e70b6"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Directors and Officers liability insurance is provided to Non-Executive Directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equity awards<span style="display: inline-block; height: 7.28pt;"></span><span id="i9824fe158ac4481aa4f54d0eb9fc3403"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors are entitled to receive an annual award over Company shares worth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$120,000 under the Non-Employee Sub-Plan to the Global Omnibus Plan. There are no performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">conditions attached to the award. Awards vest over a 12 month period and there is no retention period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Upon a corporate event, awards will not vest but will remain outstanding (subject to any amendments to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the award made by the Board to reflect the occurrence of the corporate event). Malus and clawback <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provisions do not apply to the awards. For 2024, the number of shares subject to award was calculated by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference to the Company's IPO price of $19. The values included in the table represent the value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shares subject to the awards on the date awards were formally granted, 8 November 2024. The actual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value deliverable will be dependent on the value at vesting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Scheme interests awarded in the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span><span id="iecec14d61e8c4471a2a5b08281a9d83d"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 648.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following equity awards were granted to Non-Executive Directors during the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024. The equity awards were granted under the Global Omnibus Plan. The awards were granted on 8 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">November 2024 over in aggregate 50,250 shares with an aggregate grant value of $960,000.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">144<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 81pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 52.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 52.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 48.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 129.75pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 0pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Type of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 0pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Form of award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 0pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 9.92pt; position: var(--position); text-decoration: none; white-space: pre;">Number of<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 24.12pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 12.15pt; position: var(--position); text-decoration: none; white-space: pre;">subject to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 26.78pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 0pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 5.28pt; position: var(--position); text-decoration: none; white-space: pre;">Face value <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 11pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">of award at<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 19pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 4.39pt; position: var(--position); text-decoration: none; white-space: pre;">award date <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.16pt; position: var(--position); text-decoration: none; white-space: pre;">($, 000s)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 0pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 27pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Vesting schedule<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 36pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 36pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 36pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 36pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 36pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 36pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63.75pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 63.75pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 63.75pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 63.75pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 63.75pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 63.75pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 63.75pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 91.5pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 91.5pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 91.5pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 91.5pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 91.5pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 91.5pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 91.5pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 119.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 119.25pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 119.25pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 119.25pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 119.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 119.25pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 147pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 147pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 147pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 147pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 147pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 147pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 147pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174.75pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 174.75pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 174.75pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 174.75pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 174.75pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 174.75pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 174.75pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 202.5pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 202.5pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 202.5pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 202.5pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 202.5pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 202.5pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 202.5pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 230.25pt; width: 81pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 81pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 81pt; position: var(--position); top: 230.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 230.25pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Grant<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 230.25pt; width: 68.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nil-cost <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">conditional share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 250.5pt; position: var(--position); top: 230.25pt; width: 52.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 52.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 26.48pt;"></span></span><span style="left: 29.11pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 230.25pt; width: 48.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 48.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 9.41pt;"></span></span><span style="left: 16.48pt; position: var(--position);">120,000<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 230.25pt; width: 129.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest in a single tranche on <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the first anniversary of the grant <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">date.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 396.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Other payments to Directors in the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span><span id="ie60673e17fc9438787206cbaf1cb79f4"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Payments to past Directors<span style="display: inline-block; height: 7.28pt;"></span><span id="idc9f700eacc64af2a8d6e25bf717cf0b"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic ceased to be a Non-Executive Director of the Company on 18 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(the "Termination Date") and received payment of $76,136 (being accrued fees to the Termination Date <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and in respect of settlement of her entitlements for her notice period).&#160; The share award granted to Dr. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Antoncic on 8 November 2024 under the Non-Employee Sub-Plan to the Global Omnibus Plan will remain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding subject to and in accordance with its terms, on a time pro-rated basis as to 692&#160;shares (and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the remainder of the award lapsed on the Termination Date).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">No other payments were made to any past director during the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For completeness, as more fully described in the Company's IPO prospectus, growth shares were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">converted into ordinary shares in connection with the pre-IPO re-organisation undertaken by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company to establish a single class of ordinary shares. This included growth shares held by certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 576.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">former Non-Executive Directors. Growth shares held by such Non-Executive Directors converted on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">same basis as for other growth shareholders, in accordance with the rights attached to such growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares under the Company's articles of association. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 622.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Payments for loss of office<span style="display: inline-block; height: 7.28pt;"></span><span id="i44f97aadcdd446fc855995a2ab7eb2b3"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">No payments were made in connection with a director's loss of office during the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">145<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement of Directors' shareholding and interests <span style="display: inline-block; height: 7.28pt;"></span><span id="ie0250d69ef9642778902bb65e8ab90ed"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The interests of the Directors, and their connected persons (if any), in the shares, options, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">listed securities of the Company as at 31 December 2024, are set out in the table below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 169.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 16.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 24.51pt; position: var(--position); text-decoration: none; white-space: pre;">Interests in <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 24.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 41.37pt; position: var(--position); text-decoration: none; white-space: pre;">shares <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 32.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 29.84pt; position: var(--position); text-decoration: none; white-space: pre;">excluding <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 40.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 21.42pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 48.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 37.37pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 56.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 33.83pt; position: var(--position); text-decoration: none; white-space: pre;">interests<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="4" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 0pt; width: 272.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 272.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding scheme interests<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 24.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.65pt; position: var(--position); text-decoration: none; white-space: pre;">Total of all share <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 32.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 17.41pt; position: var(--position); text-decoration: none; white-space: pre;">interests and <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 40.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 21.42pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 48.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 37.37pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 56.25pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 33.83pt; position: var(--position); text-decoration: none; white-space: pre;">interests<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 53.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 12pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 4.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 30.42pt; position: var(--position); text-decoration: none; white-space: pre;">Unvested <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 36.62pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 20.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.78pt; position: var(--position); text-decoration: none; white-space: pre;">interests (not <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 28.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 28.65pt; position: var(--position); text-decoration: none; white-space: pre;">subject to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 36.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 17.98pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 44.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 26.41pt; position: var(--position); text-decoration: none; white-space: pre;">measures)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 12pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 4.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 26.67pt; position: var(--position); text-decoration: none; white-space: pre;">Unvested <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 32.87pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 20.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 29.33pt; position: var(--position); text-decoration: none; white-space: pre;">interests <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 28.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 22.24pt; position: var(--position); text-decoration: none; white-space: pre;">(subject to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 36.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.23pt; position: var(--position); text-decoration: none; white-space: pre;">performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 44.25pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 22.66pt; position: var(--position); text-decoration: none; white-space: pre;">measures)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 12pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 20.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 25.54pt; position: var(--position); text-decoration: none; white-space: pre;">Vested but <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 28.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 19.76pt; position: var(--position); text-decoration: none; white-space: pre;">unexercised <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 36.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 36.62pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 44.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 33.08pt; position: var(--position); text-decoration: none; white-space: pre;">interests<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 12pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 12.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 19.32pt; position: var(--position); text-decoration: none; white-space: pre;">Total shares <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 20.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 28.65pt; position: var(--position); text-decoration: none; white-space: pre;">subject to <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 28.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 20.67pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 36.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 36.62pt; position: var(--position); text-decoration: none; white-space: pre;">scheme <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 44.25pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 33.08pt; position: var(--position); text-decoration: none; white-space: pre;">interests<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 65.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 31.6pt; position: var(--position); text-decoration: none; white-space: pre;">2,537,509<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 65.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 34.1pt;"></span></span><span style="left: 36.730000000000004pt; position: var(--position);">356,922<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 65.25pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 30.35pt;"></span></span><span style="left: 32.980000000000004pt; position: var(--position);">423,226<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 65.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 65.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 34.1pt;"></span></span><span style="left: 36.730000000000004pt; position: var(--position);">780,148<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 65.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 28.19pt;"></span></span><span style="left: 30.82pt; position: var(--position);">3,317,657<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 77.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 77.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 47.14pt; position: var(--position); text-decoration: none; white-space: pre;">2,477<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 77.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 38.54pt;"></span></span><span style="left: 41.17pt; position: var(--position);">16,758<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 77.25pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 34.79pt;"></span></span><span style="left: 37.42pt; position: var(--position);">67,154<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 77.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 77.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 38.54pt;"></span></span><span style="left: 41.17pt; position: var(--position);">83,912<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 77.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">86,389<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 89.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 42.7pt; position: var(--position); text-decoration: none; white-space: pre;">17,894<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 89.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 89.25pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 89.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 89.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 89.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">24,209<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 101.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 101.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 47.14pt; position: var(--position); text-decoration: none; white-space: pre;">1,579<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 101.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 101.25pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 101.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 101.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 101.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 43.73pt;"></span></span><span style="left: 46.36pt; position: var(--position);">7,894<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 113.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">von Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 113.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 47.14pt; position: var(--position); text-decoration: none; white-space: pre;">7,893<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 113.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 113.25pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 113.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 113.25pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 113.25pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">14,208<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 133.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 133.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 42.7pt; position: var(--position); text-decoration: none; white-space: pre;">13,157<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 133.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 133.5pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 133.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 133.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 133.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">19,472<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Antoncic<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 145.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 42.7pt; position: var(--position); text-decoration: none; white-space: pre;">26,315<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 145.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 49.64pt;"></span></span><span style="left: 52.27pt; position: var(--position);">692<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 145.5pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 145.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 145.5pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 49.64pt;"></span></span><span style="left: 52.27pt; position: var(--position);">692<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 145.5pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">27,007<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 165.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 42.7pt; position: var(--position); text-decoration: none; white-space: pre;">13,157<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 165.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 165.75pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 165.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 165.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 165.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 39.29pt;"></span></span><span style="left: 41.92pt; position: var(--position);">19,472<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 177.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 177.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 62.68pt; position: var(--position); text-decoration: none; white-space: pre;">0<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 177.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 177.75pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 49.3pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 177.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 53.05pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 177.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 177.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 43.73pt;"></span></span><span style="left: 46.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 69.75pt; position: var(--position); top: 189.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 62.68pt; position: var(--position); text-decoration: none; white-space: pre;">0<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 139.5pt; position: var(--position); top: 189.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 208.5pt; position: var(--position); top: 189.75pt; width: 65.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 273.75pt; position: var(--position); top: 189.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 342.75pt; position: var(--position); top: 189.75pt; width: 69pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 42.98pt;"></span></span><span style="left: 45.61pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 411.75pt; position: var(--position); top: 189.75pt; width: 69.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 43.73pt;"></span></span><span style="left: 46.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 386.14pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further details of the outstanding scheme interests are shown in the following table :<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 408.14pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 64.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 116.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 63.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 41.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 41.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42.75pt;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 0pt; width: 116.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Description<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 0pt; width: 63.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Type<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 0pt; width: 41.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.69pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.37pt; position: var(--position); text-decoration: none; white-space: pre;">Vesting <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.35pt; position: var(--position); text-decoration: none; white-space: pre;">dates<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 0pt; width: 39pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.69pt; width: 39pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.99pt; position: var(--position); text-decoration: none; white-space: pre;">At <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 9.69pt; width: 39pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.72pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;January <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 39pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.28pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 33.84pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 0pt; width: 114pt;"><div><div style="line-height: 7pt; position: var(--position); top: 5.44pt; width: 114pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.01pt; position: var(--position); text-decoration: none; white-space: pre;">Changes during the year<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 0pt; width: 42.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.69pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.02pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 9.69pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 6.3pt; position: var(--position); text-decoration: none; white-space: pre;">December <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 16.69pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 13.5pt; width: 41.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.81pt; position: var(--position); text-decoration: none; white-space: pre;">Granted<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 13.5pt; width: 36pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.89pt; position: var(--position); text-decoration: none; white-space: pre;">Lapsed<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 402pt; position: var(--position); top: 13.5pt; width: 36.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 36.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.41pt; position: var(--position); text-decoration: none; white-space: pre;">Released<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24.75pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 24.75pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Retention LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 24.75pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 24.75pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">3/31/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 24.75pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 4.1pt;"></span></span><span style="left: 6.7299999999999995pt; position: var(--position);">245,811<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 24.75pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 7.85pt;"></span></span><span style="left: 10.48pt; position: var(--position);">245,811<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 45pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy 2022 Annual LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 45pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 45pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">9/27/2026<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 45pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 8.54pt;"></span></span><span style="left: 11.169999999999998pt; position: var(--position);">77,843<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 45pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.29pt;"></span></span><span style="left: 14.919999999999998pt; position: var(--position);">77,843<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 65.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy 2023 Annual LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 65.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 65.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 7.54pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2027<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 65.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 10.79pt;"></span></span><span style="left: 13.419999999999998pt; position: var(--position);">99,572<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 65.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.29pt;"></span></span><span style="left: 14.919999999999998pt; position: var(--position);">99,572<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 85.5pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 DBP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 85.5pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 85.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2025 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2026 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2027<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 85.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 6.35pt;"></span></span><span style="left: 8.98pt; position: var(--position);">112,564<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 85.5pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 7.85pt;"></span></span><span style="left: 10.48pt; position: var(--position);">112,564<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 113.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 113.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2022 Legacy Deferred Bonus <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plan<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 113.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 113.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">04/05/202<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">504/05/20<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.74pt; position: var(--position); text-decoration: none; white-space: pre;">26<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 113.25pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 4.1pt;"></span></span><span style="left: 6.7299999999999995pt; position: var(--position);">139,420<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 402pt; position: var(--position); top: 113.25pt; width: 36.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 36.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 6.29pt;"></span></span><span style="left: 8.92pt; position: var(--position);">46,473<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 113.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.29pt;"></span></span><span style="left: 14.919999999999998pt; position: var(--position);">92,947<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 141pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 141pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2021 Legacy Deferred Bonus <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plan<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 141pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 141pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">3/31/2022<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 141pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 8.54pt;"></span></span><span style="left: 11.169999999999998pt; position: var(--position);">17,403<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 402pt; position: var(--position); top: 141pt; width: 36.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 36.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 10.73pt;"></span></span><span style="left: 13.36pt; position: var(--position);">8,701<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 141pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">8,702<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 161.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 161.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy Conditional Award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 161.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 161.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">4/28/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 161.25pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 4.1pt;"></span></span><span style="left: 6.7299999999999995pt; position: var(--position);">142,703<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 161.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 7.85pt;"></span></span><span style="left: 10.48pt; position: var(--position);">142,703<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 181.5pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 181.5pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2022 Legacy Deferred Bonus <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plan<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 181.5pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 181.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">04/05/202<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">504/05/20<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 29.74pt; position: var(--position); text-decoration: none; white-space: pre;">26<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 181.5pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 8.54pt;"></span></span><span style="left: 11.169999999999998pt; position: var(--position);">14,019<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 402pt; position: var(--position); top: 181.5pt; width: 36.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 36.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 10.73pt;"></span></span><span style="left: 13.36pt; position: var(--position);">4,673<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 181.5pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">9,346<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 209.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 209.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 DBP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 209.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 209.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2025 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2026 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.1pt; position: var(--position); text-decoration: none; white-space: pre;">17/5/2027<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 209.25pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.98pt;"></span></span><span style="left: 15.61pt; position: var(--position);">7,412<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 209.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">7,412<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 237pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Legacy 2023 Annual LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 237pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 237pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 7.54pt; position: var(--position); text-decoration: none; white-space: pre;">6/5/2027<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 237pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 8.54pt;"></span></span><span style="left: 11.169999999999998pt; position: var(--position);">27,681<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 237pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.29pt;"></span></span><span style="left: 14.919999999999998pt; position: var(--position);">27,681<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 257.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 257.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 Retention LTIP<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 257.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 257.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 7.54pt; position: var(--position); text-decoration: none; white-space: pre;">6/6/2027<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 285.75pt; position: var(--position); top: 257.25pt; width: 39pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 39pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 8.54pt;"></span></span><span style="left: 11.169999999999998pt; position: var(--position);">39,473<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 257.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 12.29pt;"></span></span><span style="left: 14.919999999999998pt; position: var(--position);">39,473<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 277.5pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 277.5pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 277.5pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 277.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 277.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 277.5pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">146<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 64.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 116.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 63.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 41.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 41.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 36.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42.75pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 0pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 0pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 0pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 0pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 0pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Graf von <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 20.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 20.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 20.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 20.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 20.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 48pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 48pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 48pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 48pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 48pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Antoncic<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 68.25pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 68.25pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 68.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 68.25pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 68.25pt; width: 36pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 36pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 9.98pt;"></span></span><span style="left: 12.61pt; position: var(--position);">5,623<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 68.25pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 23.39pt;"></span></span><span style="left: 26.02pt; position: var(--position);">692<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 88.5pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Pietrowicz<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 88.5pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 88.5pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 88.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 88.5pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 88.5pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108.75pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 108.75pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 108.75pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 108.75pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 108.75pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 108.75pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129pt; width: 64.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 64.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 64.5pt; position: var(--position); top: 129pt; width: 116.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 NED Awards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180.75pt; position: var(--position); top: 129pt; width: 63.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Conditional <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 63.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">award<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 244.5pt; position: var(--position); top: 129pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 3.69pt; position: var(--position); text-decoration: none; white-space: pre;">11/8/2025<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 129pt; width: 41.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 41.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 15.23pt;"></span></span><span style="left: 17.86pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 438.75pt; position: var(--position); top: 129pt; width: 42.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 11.25pt; width: 42.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 16.73pt;"></span></span><span style="left: 19.36pt; position: var(--position);">6,315<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 282.04pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">1.</span><span style="display: inline-block; height: 4.36pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Restated number of shares following reverse share split on IPO</span><span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 309.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Minimum shareholding guidelines<span style="display: inline-block; height: 7.28pt;"></span><span id="i6b2dc5d32bb5445d831efa49fb92885a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: italic; font-weight: bold; left: 233.49pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;"> <span style="display: inline-block; height: 4.732pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 331.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors are expected to build up and maintain a minimum shareholding equivalent to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 343.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">300% of base salary in respect of the Chief Executive Officer and 200% of base salary in respect of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 355.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Financial Officer. The normal expectation is that this is built up over a maximum five-year period <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 367.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from appointment to the Board. Details of their current holdings are set out below. It is expected that Rob <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 379.64pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Irvin will meet the guidelines within three years.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 401.64pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 95.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 90.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 108pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93.75pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 95.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 95.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 95.25pt; position: var(--position); top: 0pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 93.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Number of eligible <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 93.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares as at 31 <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 93.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 61.24pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 189pt; position: var(--position); top: 0pt; width: 90.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 90.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Value of shares held <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 90.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">as at 31 December <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 90.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 20.39pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 0pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholding as % of base <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">salary as at 31 December <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 0pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.75pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholding <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.75pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">requirement (% of <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.75pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">salary)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 95.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 95.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 95.25pt; position: var(--position); top: 27.75pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 52.19pt;"></span></span><span style="left: 54.82pt; position: var(--position);">2,651,042<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 189pt; position: var(--position); top: 27.75pt; width: 90.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 90.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 40.31pt;"></span></span><span style="left: 47.38pt; position: var(--position);">82,632,979<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 27.75pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 79.72pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 79.72pt; position: var(--position);">6458<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 100.14pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 27.75pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 69.91pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 69.91pt; position: var(--position);">300<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 85.89pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 95.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 95.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 95.25pt; position: var(--position); top: 39.75pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt; width: 63.29pt;"></span></span><span style="left: 65.92pt; position: var(--position);">11,358<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 189pt; position: var(--position); top: 39.75pt; width: 90.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 90.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 51.41pt;"></span></span><span style="left: 58.480000000000004pt; position: var(--position);">354,029<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 39.75pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 88.6pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 88.6pt; position: var(--position);">58<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 100.13999999999999pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 39.75pt; width: 93.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 93.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 69.91pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 69.91pt; position: var(--position);">200<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 85.89pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 464.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Eligible shares includes all shares owned outright and all unvested deferred bonus shares not subject to performance conditions on a notional net of tax basis. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 471.59pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Value of shares based on share price of $31.17 as at 31 December 2024.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 499.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Comparison to company performance<span style="display: inline-block; height: 7.28pt;"></span><span id="i93db9adddc464ec4a60462c44a5bf286"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 517.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Performance graph and table and comparison to CEO pay<span style="display: inline-block; height: 7.28pt;"></span><span id="ib12028da135a47f6bb19965446558c9f"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 539.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following shows details of the remuneration paid to the individual in the role of CEO and a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 551.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">graph showing the TSR performance of the Company since listing. In future reports both disclosures will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 563.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be built up to show changes over time in&#160;accordance with the requirements of the UK Companies Act.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 585.19pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 425.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 18pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 9pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 35.86pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 18pt; width: 425.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CEO single figure of remuneration<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 18pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 22.54pt; position: var(--position); text-decoration: none; white-space: pre;">$5.942m<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 30pt; width: 425.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Bonus as a % of maximum opportunity (%)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 30pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 36.85pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 36.85pt; position: var(--position);">98<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 48.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42pt; width: 425.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">LTIP award as a % of maximum opportunity (%)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 42pt; width: 56.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 32.41pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 32.41pt; position: var(--position);">100<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 48.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">147<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Tota<span style="display: inline-block; height: 7.28pt;"></span><span id="ie8362af539e54452911235e6fd2c15b0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 93.09pt; position: var(--position); text-decoration: none; white-space: pre;">l shareholder re<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 168.04000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">turn<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 0pt; position: var(--position); top: 125.39pt; width: 612pt;"><div style="left: 72pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img src="mar-20241231_g4.gif" alt="29686814077409" style="height: 226.77pt; width: 481.88pt;"/></div></div></div><div style="line-height: 10pt; position: var(--position); top: 381.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The comparator group selected was the FTSE 250 Financial Services excluding Investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 393.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Companies index. This comparator group was selected as the TSR performance chart is a UK regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 405.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirement and, had Marex been listed in the UK, it would be a constituent of this index.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 423.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Percentage change in remuneration of Directors and employees<span style="display: inline-block; height: 7.28pt;"></span><span id="ib4bd98bb5eb84f74a72285a79542bb84"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 441.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The table below sets out the percentage change in base salary/fees, taxable benefits and bonus for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 453.16pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the each of the Directors over the past five financial years<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 326.38pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 329.99pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 471.16pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 118.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 24pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 27pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 0pt; width: 120pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 120pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.76pt; position: var(--position); text-decoration: none; white-space: pre;">Change in salary / NED fees<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 0pt; width: 120pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 120pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.73pt; position: var(--position); text-decoration: none; white-space: pre;">Change in benefits<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 0pt; width: 123pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.15pt; position: var(--position); text-decoration: none; white-space: pre;">Change in bonus<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 27pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2019 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2019 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 11.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 5.81pt; position: var(--position); text-decoration: none; white-space: pre;">2021<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 11.25pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 8.81pt; position: var(--position); text-decoration: none; white-space: pre;">2019 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.47pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 18.54pt; position: var(--position); text-decoration: none; white-space: pre;">to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 18.31pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 8.81pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">33<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 4.59pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 4.59pt; position: var(--position);">(63)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">28<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 4.59pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 4.59pt; position: var(--position);">(20)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 10.81pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 10.81pt; position: var(--position);">7<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 8.48pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 8.48pt; position: var(--position);">(8)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 8.48pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 8.48pt; position: var(--position);">(6)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 8.48pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 8.48pt; position: var(--position);">(5)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">14<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 10.81pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 10.81pt; position: var(--position);">6<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 3.03pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 3.03pt; position: var(--position);">195<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 38.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">36<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 38.25pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.48pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 11.48pt; position: var(--position);">(7)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 20.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 49.5pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 32.92pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">19<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">41<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 49.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 49.5pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 58.57pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 3.03pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 3.03pt; position: var(--position);">103<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">38<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 60.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 60.75pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 43.43pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 72pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 72pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 34.480000000000004pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.92pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 6.92pt; position: var(--position);">14<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 10.81pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 10.81pt; position: var(--position);">1<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 83.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 83.25pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 94.5pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 107.89999999999999pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 10.81pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 10.81pt; position: var(--position);">8<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 7.7pt; position: var(--position);"><span style="display: inline-block; height: 5.09pt;"></span></span><span style="left: 7.7pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span><span style="left: 17.03pt; position: var(--position);">%<span style="display: inline-block; height: 5.09pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 94.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 94.5pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105.75pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 105.75pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 105.75pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 54.31pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">7<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 117pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 117pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 128.25pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 62.46pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">8<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 128.25pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 128.25pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 139.5pt; width: 118.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 118.5pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 5.09pt;"></span></span><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 55.85pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">9<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 118.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 190.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 214.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 286.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-right: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 334.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-left: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 358.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 430.5pt; position: var(--position); top: 139.5pt; width: 24pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 24pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 9.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 454.5pt; position: var(--position); top: 139.5pt; width: 27pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 27pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 12.72pt; position: var(--position); text-decoration: none; white-space: pre;">N/A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 626.91pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes:<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 634.11pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">As the Company has no employees other than the Executive Directors, no disclosure is required to be made under the relevant reporting regulations in relation <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 641.31pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">to&#160;employee&#160;remuneration.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 648.51pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin joined the Board in May 2023. Figures for 2023 have been annualised to aid comparison.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 655.71pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering joined the Board in September 2021.&#160; Figures for 2021 have been annualised to aid comparison.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 662.91pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers joined the Board in January 2024.&#160; <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 670.11pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing joined the Board in July 2021.&#160; Figures for 2021 have been annualised to aid comparison.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 677.31pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">6.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz joined the Board in September 2021.&#160; Figures for 2021 have been annualised to aid comparison.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 684.51pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">7.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards joined the Board in April 2024.&#160; <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 691.71pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">8.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic joined the Board in January 2024.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 698.91pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">9.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz joined the Board in April 2024.<span style="display: inline-block; height: 4.36pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">148<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 12pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Pay ratio information <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="position: var(--position); top: 127.79pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 486.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 44.25pt;"/></tr><tr style="height: 53.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Year<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 44.25pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Method<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 88.5pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">25<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 10.41pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.690000000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">pay ratio<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 132.75pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(25<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Salary <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">component <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(25<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 221.25pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Median pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ratio<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 265.5pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(50<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309.75pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Salary <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">component <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(50<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">75<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 10.41pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.690000000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">pay ratio<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(75<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 442.5pt; position: var(--position); top: 0pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Salary <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 10.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">component <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">of total pay <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 24.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 31.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">benefits <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 38.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(75<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 12.739999999999998pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">th<span style="display: inline-block; height: 3.3085pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.02pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 45.19pt; width: 44.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">percentile)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 26.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 44.25pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">A<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 88.5pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.12pt; position: var(--position); text-decoration: none; white-space: pre;">67:1<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 132.75pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 9.37pt;"></span></span><span style="left: 15.89pt; position: var(--position);">102,683<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 13.26pt;"></span></span><span style="left: 19.779999999999998pt; position: var(--position);">76,773<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 221.25pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.32pt; position: var(--position); text-decoration: none; white-space: pre;">35:1<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 265.5pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 9.37pt;"></span></span><span style="left: 15.89pt; position: var(--position);">200,864<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309.75pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 9.37pt;"></span></span><span style="left: 15.89pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 15.32pt; position: var(--position); text-decoration: none; white-space: pre;">14:1<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 9.37pt;"></span></span><span style="left: 15.89pt; position: var(--position);">381,880<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #efe7f2; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 442.5pt; position: var(--position); top: 53.25pt; width: 44.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 44.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.09pt; width: 9.37pt;"></span></span><span style="left: 15.89pt; position: var(--position);">159,943<span style="display: inline-block; height: 5.09pt; width: 2.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 203.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee chose to use Option A to calculate the ratio as the data was available and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 215.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approach is considered to be the most accurate. The UK employee data was taken as at 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 227.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024; employee means anyone employed under a contract of service. A full-time equivalent total was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 239.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">created for part-time employees and the remuneration of employees hired during the year was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 251.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">annualised. The resulting list was then ranked to identify the individuals at the 25th, 50th and 75th <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 263.29pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">percentiles. The CEO pay ratios were then calculated based on these percentiles. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 301.69pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Relative importance of spend on pay <span style="display: inline-block; height: 7.28pt;"></span><span id="ib4340e298f3948dba8fac1da5a0ef849"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 319.69pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The table below shows the total pay for all of the Group's employees compared to other key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 331.69pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial indicators. In future years a&#160;comparator against the previous year will also be included. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 349.69pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 421.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current Year<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 421.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 421.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employee remuneration (USD m)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 12pt; width: 60pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 37.39pt; position: var(--position); text-decoration: none; white-space: pre;">971.6<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 421.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 421.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Distributions to shareholders (USD m)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 24pt; width: 60pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 41.83pt; position: var(--position); text-decoration: none; white-space: pre;">77.1<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 411.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement of implementation of Remuneration Policy for the year to&#160;31&#160;December&#160;2025<span style="display: inline-block; height: 7.28pt;"></span><span id="i817af6b2f15b4a4da69682a9fcdd963c"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 429.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Directors<span style="display: inline-block; height: 7.28pt;"></span><span id="idbd033e0749a45cc8ef7c83143124d7e"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 447.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Base Salary <span style="display: inline-block; height: 7.28pt;"></span><span id="iaa3793d0d9be4aea9e1a8c859a0bf7ad"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 465.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">No change to the CEO Base Salary is being proposed. The Base Salary for the CFO has seen a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 477.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">modest adjustment to reflect market benchmark and more broadly aligns the fixed pay for the CFO to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 489.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other Executive Committee members.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 507.09pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 144pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 123pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 123pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 91.5pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 144pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 144pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Director<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 144pt; position: var(--position); top: 0pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base salary at 1<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 63.010000000000005pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">st<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 67.63pt; position: var(--position); text-decoration: none; white-space: pre;"> Jan 2024 ($)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 0pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base salary at 1<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 63.010000000000005pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">st<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 67.63pt; position: var(--position); text-decoration: none; white-space: pre;"> Jan 2025 ($)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 390pt; position: var(--position); top: 0pt; width: 91.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 91.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">% change<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 144pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 144pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 144pt; position: var(--position); top: 12pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 77pt;"></span></span><span style="left: 84.07pt; position: var(--position);">1,279,550<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 12pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 77pt;"></span></span><span style="left: 84.07pt; position: var(--position);">1,279,550<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 390pt; position: var(--position); top: 12pt; width: 91.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 91.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72.98pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 72.98pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 83.64pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 144pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 144pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 144pt; position: var(--position); top: 24pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">607,786<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 24pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">639,775<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 390pt; position: var(--position); top: 24pt; width: 91.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 91.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 76.54pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 76.54pt; position: var(--position);">5<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 83.64pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 554.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="ibb92400d98e54761a4b6aa94a29c83ab"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">No changes to benefits are expected. The Executive Directors will have access to the same <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefits as available to UK employees.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual bonus<span style="display: inline-block; height: 7.28pt;"></span><span id="if01dec3053994bf69dda5fa586110ec3"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The CEO and CFO will receive an annual bonus award of 600% and 250% of salary respectively.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table shows the performance metrics and weightings for the annual bonus in 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The weighting for Financial measures has been increased to 75% for 2025 as the Committee considers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that using Financial measures will more closely align reward to delivering shareholder value. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee considers that the disclosure of detailed performance targets in&#160;advance for 2025 would be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686.09pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commercially sensitive and they are not, therefore, disclosed here. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">149<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 113.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 289.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 96pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 96pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Element<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 385.5pt; position: var(--position); top: 0pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Measures<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 385.5pt; position: var(--position); top: 12pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 40.94pt; position: var(--position); text-decoration: none; white-space: pre;">75%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Operating PBT<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 289.5pt; position: var(--position); top: 24pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">37.5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">EPS<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 289.5pt; position: var(--position); top: 36pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">37.5%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Strategic Measures<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 385.5pt; position: var(--position); top: 48pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 40.94pt; position: var(--position); text-decoration: none; white-space: pre;">25%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 289.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 289.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #111023; border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 385.5pt; position: var(--position); top: 60pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3pt; width: 96pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 38.72pt; position: var(--position); text-decoration: none; white-space: pre;">100%<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 210.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equity incentive plans <span style="display: inline-block; height: 7.28pt;"></span><span id="i61221d28a2c54052ac2bfcf460c4a8ab"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The CEO and CFO will receive a target LTIP award of 100% and 125% of salary respectively.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The threshold to maximum ranges for 2025 Annual LTIP awards are set out in the table below. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Awards vest at 50% at threshold and 100% at maximum, with straight-line vesting between these points. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270.79pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Vested awards are subject to a two-year holding period.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 288.79pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 102.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 117pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 119.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 102.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 102.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 102.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial measure<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 102.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighting<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 0pt; width: 117pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Threshold (50% of max)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 0pt; width: 119.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 119.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Straight Line Apportionment<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 378.75pt; position: var(--position); top: 0pt; width: 102.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 102.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum (100% of max)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 102.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Growth in Adjusted <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operating Profit After Tax<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 102.75pt; position: var(--position); top: 11.25pt; width: 39.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 20.35pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 20.35pt; position: var(--position);">50<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 31.89pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 11.25pt; width: 117pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 117pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 5% pa over the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 117pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 11.25pt; width: 119.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">more than 5% and less than <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">11% over the Performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 378.75pt; position: var(--position); top: 11.25pt; width: 102.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 11% pa over <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 102.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Growth in Adjusted EPS<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 102.75pt; position: var(--position); top: 39pt; width: 39.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 20.35pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 20.35pt; position: var(--position);">50<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 31.89pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 142.5pt; position: var(--position); top: 39pt; width: 117pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 117pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 5% pa over the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 117pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 39pt; width: 119.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">more than 5% and less than <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">10% over the Performance <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 18.63pt; width: 119.25pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 378.75pt; position: var(--position); top: 39pt; width: 102.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">average of 10% pa over <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 10.63pt; width: 102.75pt;"><span style="color: #111023; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the Performance Period<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 366.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A further stretch performance target (requiring 13% growth in Adjusted Operating Profit After Tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and 12% growth in Adjusted EPS) would give rise to an additional 15%of the maximum number of shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">vesting (i.e. 115% of the number of shares referred to above would vest). This is a cliff target, with no <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional vesting where performance falls between the maximum and stretch performance targets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retirement Benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="i746eb418ca9a489da79fbb223b2376ec"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438.54pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">No changes to retirement benefits are anticipated for 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors<span style="display: inline-block; height: 7.28pt;"></span><span id="ibf28352af203406a857763eb935cba47"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Fees<span style="display: inline-block; height: 7.28pt;"></span><span id="ib2ec04ead524498d9f001d971f91fcbf"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There are no changes to the current Base Fee level implemented on 1 June 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 530.94pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 143.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 123pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 123pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 92.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Director<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 0pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base Fee<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 37.7pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 40.59pt; position: var(--position); text-decoration: none; white-space: pre;"> at 1<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 56.57pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">st<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 61.190000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> June 2024 ($)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 0pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Base Fee at 1<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 53.68pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">st<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 58.300000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> Jan 2025 ($)<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 0pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">% change<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 12pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">383,865<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 12pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">383,865<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 12pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 46.14pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2 3<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 24pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 24pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 24pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 37.260000000000005pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 36pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 36pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 36pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 113.63pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 48pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 48pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 48pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 60pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 60pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 60pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 72pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 72pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 72pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84pt; width: 143.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John Pietrowicz<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 58.57pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 84pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 266.25pt; position: var(--position); top: 84pt; width: 123pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 123pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);">$<span style="display: inline-block; height: 5.82pt; width: 83.66pt;"></span></span><span style="left: 90.72999999999999pt; position: var(--position);">108,761<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 389.25pt; position: var(--position); top: 84pt; width: 92.25pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 92.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 73.73pt; position: var(--position);"><span style="display: inline-block; height: 5.82pt;"></span></span><span style="left: 73.73pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 5.82pt; width: 2.66pt;"></span></span><span style="left: 84.39pt; position: var(--position);">%<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 631.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">F/X rate used $1.27955 <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 639.14pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Chair of Committee Fee remains unchanged at $31,989<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 6pt; position: var(--position); top: 646.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Overseas Allowance Fee remains unchanged at $12,795<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 673.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Equity incentive plans<span style="display: inline-block; height: 7.28pt;"></span><span id="idf74746d8ec945fead9431ddd1ebfc64"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 691.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Annual equity awards will be granted to Non-Executive Directors. Awards to each Non-Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 703.94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Director will have a grant value of $120,000. Awards will vest on the first anniversary of the grant date, are <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">150<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 113.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not subject to performance conditions and no retention period applies. The number of shares subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards shall be determined by reference to the share price at the time of grant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 143.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits<span style="display: inline-block; height: 7.28pt;"></span><span id="i880c05a24757405990707375c9c04cf6"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 161.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There are no planned changes to the benefits provided to Non Executive Directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 197.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Consideration of matters relating to directors' remuneration <span style="display: inline-block; height: 7.28pt;"></span><span id="i9046a48f6fd4482db48c0768868da503"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 215.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Committee<span style="display: inline-block; height: 7.28pt;"></span><span id="i58fed87f48964a1f8f561aa308153030"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 233.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The members of the Committee during the year, and their attendance at meetings of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 245.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee, is set out below:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 263.39pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 207.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 108pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 99.75pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Member<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 0pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Attendance<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 46.120000000000005pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 12pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">4/4<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 24pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">4/4<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 36pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">4/4<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 48pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">0/1<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 60pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">1/1<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Jeremy Isaacs CBE<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 72pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3/3<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84pt; width: 108pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 108pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Joe Cohen<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108pt; position: var(--position); top: 84pt; width: 99.75pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.63pt; width: 99.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3/3<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 6pt; position: var(--position); top: 364.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 3.9000000000000004pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; top: -1.526pt; vertical-align: super; white-space: pre;">1.<span style="display: inline-block; height: 2.8340000000000005pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 3.9000000000000004pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; top: -1.526pt; vertical-align: super; white-space: pre;">Roger Nagioff and Henry Richards were appointed members of the Comm<span style="display: inline-block; height: 2.8340000000000005pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 3.9000000000000004pt; font-style: normal; font-weight: normal; left: 210.35pt; position: var(--position); text-decoration: none; top: -1.526pt; vertical-align: super; white-space: pre;"><span style="background-color: inherit;">ittee on 24 April 202</span><span style="display: inline-block; height: 2.8340000000000005pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 3.9000000000000004pt; font-style: normal; font-weight: normal; left: 244.69pt; position: var(--position); text-decoration: none; top: -1.526pt; vertical-align: super; white-space: pre;">4. Jeremy Isaacs and Joe Cohen resigned as directors of the Company on 24 April 2024. <span style="display: inline-block; height: 2.8340000000000005pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Company Secretary acts as secretary to the Committee. No Non-Executive Directors are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">involved in deciding their own&#160;remuneration.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 421.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee is advised by Willis Towers Watson. Willis Towers Watson was appointed by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 433.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company in 2024. Willis Towers Watson provided advice keeping the Committee up to date on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 445.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">developments in director remuneration. The total fees paid to Willis Towers Watson in respect of service <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 457.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the Committee during the year were $302,543. Willis Towers Watson is a signatory to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 469.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Consultants' Code of Conduct. The Committee has reviewed the operating processes in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 481.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">place at Willis Towers Watson and is satisfied that the advice it receives is independent and objective. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 493.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Willis Towers Watson provided no other services to the Company. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 511.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement of voting at general meeting<span style="display: inline-block; height: 7.28pt;"></span><span id="i51865002dc604c0fb6196e15bd6302f0"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 529.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Company will report on the votes cast by shareholders on the Company's Remuneration Policy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 541.99pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Annual Report on Remuneration in future annual reports.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">151<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2074"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="ifcae92a1fbb34973a7d5ad931cd75047"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Board<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 136.87pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 139.64pt; position: var(--position); text-decoration: none; white-space: pre;">Practices<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate <span style="display: inline-block; height: 7.28pt;"></span><span id="i5d231174403747728147c5cf9cd036f3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 122.52000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">Governance<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 180.28pt; position: var(--position); text-decoration: none; white-space: pre;"> Practices<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Board consists of nine members. Our Board has determined that Robert Pickering, Sarah <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ing, Konstantin Graf von Schweinitz, Linda Myers and John W. Pietrowicz do not have a relationship that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">would interfere with the exercise of independent judgment in carrying out the responsibilities of a director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and that each of these directors is &#8220;independent&#8221; as that term is defined under the rules of Nasdaq. There <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are no family relationships among any of our directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Board has adopted Corporate Governance Guidelines to assist the Board in the exercise of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">its responsibilities and to serve the interests of the Company and its shareholders. The Board is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">responsible for determining the strategic objectives and policies required to deliver long-term sustainable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">success of the Company. The Board is accountable for the effective and prudent management of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group and is responsible for ensuring that the Company complies with its Company&#8217;s Articles of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Association and applicable laws and regulations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As each director is annually subject to election by shareholders in accordance with the Articles, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Board does not believe it is in the best interests of the Company to establish term limits at this time. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Additionally, such term limits may cause the Company to lose the contribution of directors who have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">able to develop, over a period of time, increasing insight into the Company&#8217;s business and therefore can <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide an increasingly significant contribution to the Board.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board of Director <span style="display: inline-block; height: 7.28pt;"></span><span id="i0425d7e22a4e4b9ab682c88a512b90eb"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 156.93pt; position: var(--position); text-decoration: none; white-space: pre;">Service<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 192.49pt; position: var(--position); text-decoration: none; white-space: pre;"> Contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board Committees <span style="display: inline-block; height: 7.28pt;"></span><span id="i711a984d22434c9fb64012adbb97f6af"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Board has established an audit and compliance committee, a remuneration committee, a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nomination and corporate governance committee and a risk committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Audit and Compliance Committee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The audit and compliance committee, which consists of Sarah Ing, Linda Myers, John Pietrowicz <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Konstantin Graf von Schweinitz, assists the Board in overseeing our accounting and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting processes and the audits of our financial statements. Sarah Ing serves as Chair of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee. The audit and compliance committee consists exclusively of members of our Board who are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financially literate, and Sarah Ing is considered an &#8220;audit committee financial expert&#8221; as defined by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SEC. Our Board has determined that Sarah Ing, Linda Myers, John Pietrowicz and Konstantin Graf von <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Schweinitz each satisfies the &#8220;independence&#8221; requirements set forth in Rule 10A-3 under the Exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Act. The audit and compliance committee is governed by a charter, or terms of reference, that complies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with Nasdaq listing rules.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The audit and compliance committee is responsible for, among other things:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring the integrity of our financial statements and related disclosures;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">reviewing and discussing with management and our external auditor the adequacy of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Company&#8217;s internal financial controls;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the appointment, compensation, retention and oversight of any accounting firm engaged for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the purpose of preparing or issuing an audit report or performing other audit services;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">evaluating our external auditor&#8217;s objectivity and independence;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">pre-approving the audit services and non-audit services to be provided by our external auditor <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">before the auditor is engaged to render such services;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">152<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">establishing procedures for the receipt, retention and treatment of complaints received by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Company regarding accounting, internal accounting controls or auditing matters, and for the<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">confidential and anonymous submission by Company employees of concerns regarding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">questionable accounting or auditing matters;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">approving or ratifying any related person transaction (as defined in our related person <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">transaction policy) in accordance with our related person transaction policy; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">reviewing our Code of Conduct.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The audit and compliance committee meets as often as one or more members of the audit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance committee deem necessary, but in any event meets at least once per quarter. The audit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compliance committee meets at least once per year with our independent accountant, without our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management being present.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Committee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The remuneration committee, which consists of Linda Myers, Robert Pickering, Sarah Ing, Roger <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Nagioff and Henry Richards, assists the Board in determining the remuneration policy and practices of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company for executive directors&#8217; remuneration and to design and determine the remuneration for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Chair of the Board, executive directors and senior management. Linda Myers serves as Chair of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee. Under SEC and Nasdaq listing rules, there are heightened independence standards for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">members of the remuneration committee, including a prohibition against the receipt of any compensation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from us other than standard director fees. Our Board has determined that Linda Myers, Robert Pickering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Sarah Ing each satisfies the heightened independence standards under SEC and Nasdaq listing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The remuneration committee is responsible for, among other things:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">determining the policy for remuneration of our employees;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">determining the total individual remuneration package of our executive directors, the Chair of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the Board and material risk takers for each year;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">approving the strategic, risk and financial measures with respect to the compensation of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">overseeing the evaluation of our executive officers other than the Chief Executive Officer and, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">after considering such evaluation, to review and set, or make recommendations to the Board <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">regarding the remuneration of such executive officers;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">reviewing, approving and recommending to the Board for approval as necessary, all aspects <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">of our incentive plans; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">administering and overseeing our compliance with the compensation recovery policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Nomination and Corporate Governance Committee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The nomination and corporate governance committee, which consists of Robert Pickering, Sarah <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Ing, Konstantin Graf von Schweinitz and Henry Richards, assists our Board in identifying individuals <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">qualified to become members of our Board consistent with criteria established by our Board and in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">developing our corporate governance principles. Robert Pickering serves as Chair of the committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The nomination and corporate governance committee is responsible for, among other things:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">identifying and recommending director candidates to the Board for approval;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">153<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">reviewing our succession plans;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">reviewing and evaluating the structure and performance of our board;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">recommending nominees for selection to our Board&#8217;s committees;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">developing and implementing appropriate corporate governance arrangements; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">overseeing sustainability and ESG matters, including diversity, equity and inclusion matters.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk Committee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The risk committee, which consists of Konstantin Graf von Schweinitz, Sarah Ing and Roger <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Nagioff, assists the Board in overseeing and providing advice to the Board on our current risk exposure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and future risk strategies. Konstantin Graf von Schweinitz serves as Chair of the risk committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The risk committee&#8217;s responsibilities include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">overseeing the day-to-day risk management, internal control systems and oversight <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements of senior management;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">assessing our current risk exposures, including credit/counterparty risk, market risk, liquidity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">risk, combined risk, operational risk, information technology risks, including cybersecurity and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">data privacy; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">advising the Board on risk strategy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 396pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2097"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="ia96583a364d74b6d86f2b9668e2fd9d3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Employees<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As of December 31, 2024, we directly employed 2,340 people in the United Kingdom, Europe, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Asia and North America, of which 1,241 were front office employees. In addition, we also had a total of 85 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contractors and consultants working with us as of December 31, 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The number of our full-time employees (excluding contractors and consultants) by geography and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">role are summarized below as of December&#160;31, 2024, 2023 and 2022.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 498pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 0pt; width: 195.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 195.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 107.24pt; position: var(--position); text-decoration: none; white-space: pre;">Year Ended December 31,<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employees by geography<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 41.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 73.74pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 74.89999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 75.47999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 75.63pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 75.67pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 75.67999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 41.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">1,095<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 41.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">956<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 41.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">794<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Europe<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 34.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 35.440000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 35.730000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 35.77pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.78pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 45.94pt; position: var(--position); text-decoration: none; white-space: pre;">218<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">196<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.28pt;"></span></span><span style="left: 51.5pt; position: var(--position);">58<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 66.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">North America<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 65.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 67.11pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 67.69pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 67.97999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 68.13pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 68.14999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 66.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 45.94pt; position: var(--position); text-decoration: none; white-space: pre;">709<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 66.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">688<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 66.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">617<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">APAC<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 29.09pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 30.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 30.54pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 30.689999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 30.709999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 79.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 45.94pt; position: var(--position); text-decoration: none; white-space: pre;">200<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 79.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">171<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 79.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">106<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 92.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other Regions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 67.07pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(1)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 75pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 75.58pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 75.72999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 75.77pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 75.78999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 75.8pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 92.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.68pt; position: var(--position); text-decoration: none; white-space: pre;">118<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 92.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.28pt;"></span></span><span style="left: 51.5pt; position: var(--position);">63<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 92.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.28pt;"></span></span><span style="left: 51.5pt; position: var(--position);">15<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 23.74pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 24.9pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 25.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 25.63pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 25.669999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 25.68pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 105pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">2,340<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 105pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">2,074<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 105pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">1,590<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 3pt double #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 133.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employees by role<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 146.25pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Front-office employees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 104.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 105.25999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 105.55pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 105.69999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 105.71pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 146.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);">1,241<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 146.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">1,175<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 146.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">858<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Control and support employees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 141.53pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 142.69pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 142.98pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 143.13pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.21pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 159pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);">1,099<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 159pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">899<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 159pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 28.22pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 17.72pt;"></span></span><span style="left: 45.94pt; position: var(--position);">732<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 23.74pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 24.9pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 25.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 25.63pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 25.669999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 25.68pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 171.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">2,340<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 171.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">2,074<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 171.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.61pt; position: var(--position); text-decoration: none; white-space: pre;">1,590<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 687.5pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 708.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre; width: 6.35pt;">(1)<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 78.35pt; position: var(--position); width: 2.22pt;">&#160;<span style="display: inline-block; height: 5.82pt; width: 9.43pt;"></span></span><span style="left: 90pt; position: var(--position); width: 191.79pt;">Other regions include South America and Middle East.<span style="display: inline-block; height: 5.82pt;"></span></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">154<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our employees in our Paris office are represented by a Works Council. No other employees are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represented by labor unions, collective bargaining agreements or other similar agreements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have never experienced <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 235.05pt; position: var(--position); text-decoration: none; white-space: pre;">labor-related<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 291.16999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> work stoppages or strikes and believe that our relations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with our employees are satisfactory.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">E.<span style="display: inline-block; height: 7.28pt;"></span><span id="ic273f74586c249a3958236c78fa38b2b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Share Ownership<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For information regarding the share ownership of directors and officers, see Item 7A. &#8220;Major <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholders.&#8221; For information as to our equity incentive plans, see Item 6B. &#8220;Compensation&#8212;Incentive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Programs.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">F.<span style="display: inline-block; height: 7.28pt;"></span><span id="i789f26dfa82b49b4b15eb5e7f571a774"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosure of a Registrant&#8217;s Action to Recover Erroneously Awarded Compensation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><ix:nonNumeric contextRef="c-4" name="ecd:RestatementDoesNotRequireRecoveryTextBlock" id="f-42" continuedAt="f-42-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Th<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.66pt; position: var(--position); text-decoration: none; white-space: pre;">e Company considered whether the restatement of previously issued financial statements <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-42-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">described in Note 36 requires recovery of erroneously awarded incentive-based compensation pursuant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the Company&#8217;s Policy for Recovery of Erroneously Awarded Compensation. The Company concluded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that the restatement of previously issued financial statements described in Note 36 does not impact <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related performance metrics used for executive management&#8217;s compensation and therefore no r<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 495.69pt; position: var(--position); text-decoration: none; white-space: pre;">ecovery <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of incentive-based compensation was required.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 312pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2163"></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 7.<span style="display: inline-block; height: 7.28pt;"></span><span id="id9634f9a287b47879b47be7a19259c9b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Major Shareholders and Related Party Transactions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i729e0ac8307640cb967e098b1b6c0594"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Major <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 137.42000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholders<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following table sets forth information relating to the beneficial ownership of our ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares as of March 3, 2025 by:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">each person, or group of affiliated persons, known by us to beneficially own 5% or more of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding ordinary shares; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">each of our executive officers and our Board of directors; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">all of our executive officers and our Board as a group.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The number of ordinary shares beneficially owned by each entity, person, executive officer or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board member is determined in accordance with the rules of the SEC, and the information is not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ownership includes any shares over which the individual has sole or shared voting power or investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">power as well as any shares that the individual has the right to acquire within 60 days of December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 through the exercise of any option, warrant or other right. Except as otherwise indicated, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to applicable community property laws, the persons named in the table have sole voting and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment power with respect to all ordinary shares held by that person.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Unless otherwise indicated below, the address for each beneficial owner listed is c/o Marex <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group plc, 155 Bishopsgate, London, EC2M 3TQ, United Kingdom.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For further information regarding material transactions between us and principal shareholders, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">see Item 7.B. &#8220;Major Shareholders and Related Party Transactions&#8212;Related Party Transactions.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 642pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 341.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 341.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 254.31pt; position: var(--position); text-decoration: none; white-space: pre;">Name of beneficial owner<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.2pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 56.4pt; position: var(--position); text-decoration: none; white-space: pre;">%<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">5% or Greater Shareholders<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 88.17pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(1)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 96.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 96.11999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 28.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.23pt;"></span></span><span style="left: 12.86pt; position: var(--position);">14,370,304<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 28.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.99pt; position: var(--position); text-decoration: none; white-space: pre;">20.44<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">MASP Investor Limited Partnership<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 157.95pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(2)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 165.88pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 166.03pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.10999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 42.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.23pt;"></span></span><span style="left: 12.86pt; position: var(--position);">10,083,349<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 42.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.99pt; position: var(--position); text-decoration: none; white-space: pre;">14.35<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ocean Ring Jersey Co Limited<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 138.17pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(3)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 146.1pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 146.12pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 57pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.79pt;"></span></span><span style="left: 18.419999999999998pt; position: var(--position);">9,444,092<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 57pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.99pt; position: var(--position); text-decoration: none; white-space: pre;">13.44<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">155<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 341.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Directors and Executive Officers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 157.01pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(4)<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 45.39pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 45.970000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 46.050000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.06pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.79pt;"></span></span><span style="left: 18.419999999999998pt; position: var(--position);">2,934,731<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 14.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41.55pt; position: var(--position); text-decoration: none; white-space: pre;">4.15<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Irvin<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 54.28pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 55.440000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 55.730000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 55.88pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 55.96pt; position: var(--position); text-decoration: none; white-space: pre;">.................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 28.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.24pt;"></span></span><span style="left: 37.870000000000005pt; position: var(--position);">2,477<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 28.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Paolo Tonucci<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.67999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 65.84pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 65.99pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 42.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.79pt;"></span></span><span style="left: 18.419999999999998pt; position: var(--position);">1,315,225<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 42.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41.55pt; position: var(--position); text-decoration: none; white-space: pre;">1.86<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Simon van den Born<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 93.17999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 93.47pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 93.55pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 93.58999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 57pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.79pt;"></span></span><span style="left: 18.419999999999998pt; position: var(--position);">1,309,302<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 57pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41.55pt; position: var(--position); text-decoration: none; white-space: pre;">1.86<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Thomas Texier<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 68pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 68.28999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 68.44pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 68.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 68.56pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 68.58pt; position: var(--position); text-decoration: none; white-space: pre;">............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 71.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.12pt;"></span></span><span style="left: 26.75pt; position: var(--position);">124,605<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 71.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Nilesh Jethwa<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 64.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 65.42999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 65.72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 65.87pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 65.95pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 65.99pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 66.01pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 66.02pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 85.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.12pt;"></span></span><span style="left: 26.75pt; position: var(--position);">522,501<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 85.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Robert Pickering<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 76.50999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 77.67pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 78.25pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 78.39999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 78.42pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 78.42999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 99.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.68pt;"></span></span><span style="left: 32.31pt; position: var(--position);">17,894<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 99.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 114pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Madelyn Antoncic<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 80.97pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">(5)<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 88.89999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 90.06pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 90.64pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 90.78999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 90.86999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 90.91pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90.92999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">...................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 114pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.68pt;"></span></span><span style="left: 32.31pt; position: var(--position);">26,315<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 114pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 128.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Konstantin Graf von Schweinitz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 141.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 142.64pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 143.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 143.37pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 143.41pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.43pt; position: var(--position); text-decoration: none; white-space: pre;">..............................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 128.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.24pt;"></span></span><span style="left: 37.870000000000005pt; position: var(--position);">7,893<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 128.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 142.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Sarah Ing<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 45.96pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.11pt; position: var(--position); text-decoration: none; white-space: pre;">.....................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 142.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.24pt;"></span></span><span style="left: 37.870000000000005pt; position: var(--position);">1,579<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 142.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 156.75pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 57.080000000000005pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 58.24pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 58.39pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 58.470000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 58.49pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 156.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.68pt;"></span></span><span style="left: 32.31pt; position: var(--position);">13,157<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 156.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Roger Nagioff<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 64.11pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 65.27pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 65.85pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 65.92999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 65.94pt; position: var(--position); text-decoration: none; white-space: pre;">.............................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 171pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.25pt;"></span></span><span style="left: 52.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 171pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 185.25pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">John W. Pietrowicz<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 87.03999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 88.19999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 88.35pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 88.42999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 88.47pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.49pt; position: var(--position); text-decoration: none; white-space: pre;">....................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 185.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.68pt;"></span></span><span style="left: 32.31pt; position: var(--position);">13,157<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 185.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 199.5pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Henry Richards<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 71.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 72.67999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 73.25999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 73.41pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 73.42999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">..........................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 199.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.25pt;"></span></span><span style="left: 52.88pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 199.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.11pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 213.75pt; width: 341.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 341.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">All executive officers and directors as a group (14 persons)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 284.12pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 285.28pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 285.86pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 285.94pt; position: var(--position); text-decoration: none; white-space: pre;">.....................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 341.25pt; position: var(--position); top: 213.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.79pt;"></span></span><span style="left: 18.419999999999998pt; position: var(--position);">6,288,836<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 213.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 41.55pt; position: var(--position); text-decoration: none; white-space: pre;">8.81<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 305pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 325.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 51.07pt;">* less than 1%<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 341.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 9.76pt;">(1)<span style="display: inline-block; height: 5.82pt; width: 8.24pt;"></span></span><span style="left: 90pt; position: var(--position); width: 449.97pt;">Based solely on the Schedule 13G that was filed by Amphitryon Limited on November 14, 2024. The business address of<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 1.78pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 350.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.88pt;">Amphitryon Limited, a company organized under the laws of Jersey, is 44 Esplanade, St. Helier, JE4 9WG, Jersey. Amphitryon<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.88pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 360.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.84pt;">Limited is the record holder of the shares reported herein. JRJ Investor 1 LP is the indirect sole shareholder of Amphitryon<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.8399999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 370.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.96pt;">Limited. JRJ Investor 1 LP is indirectly controlled by JRJ Group Limited, which is controlled by Mr. Jeremy Isaacs and Mr.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 379.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.87pt;">Roger Nagioff. As such, they may be deemed to have or share beneficial ownership of the ordinary shares held directly by<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.87pt; position: var(--position); text-decoration: none; white-space: pre; width: 1.78pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 389.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.89pt;">Amphitryon Limited. All the reporting persons share voting power and dispositive power over the shares of the Company. All the<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.89pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 398.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 328.39pt;">reporting persons share voting power and dispositive power over the shares of the Company.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 414.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 9.76pt;">(2)<span style="display: inline-block; height: 5.82pt; width: 8.24pt;"></span></span><span style="left: 90pt; position: var(--position); width: 449.92pt;">Based solely on the Schedule 13G that was filed by MASP Investor Limited Partnership (&#8220;MASP Investor LP&#8221;) on November 14,<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9200000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 423.51pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.88pt;">2024. The business address of MASP Investor LP, a limited partnership established under the laws of Jersey, is 44 Esplanade,<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.88pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 432.47pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.93pt;">St. Helier, JE4 9WG, Jersey. MASP Investor LP acts through its general partner Forty Two Point Two Acquisition Limited<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 441.43pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 450pt;">(&#8220;FTPTAL&#8221;), a company organized under the laws of the British Virgin Islands, whose business address is Little Denmark<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 450.39pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.84pt;">Building, PO Box 4584, Road Town, Tortola, British Virgin Islands. FTPTAL, in its capacity as general partner of MASP Investor<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.8399999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 459.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.83pt;">LP, is the record holder of the shares reported herein. FTPTAL is indirectly wholly-owned by BXR Group Holdings Limited,<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.8299999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 468.31pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.83pt;">which is deemed to have beneficial ownership of the ordinary shares held directly by FTPTAL, in its capacity as general partner<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.8299999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 477.27pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.91pt;">of MASP Investor LP. Each aforementioned person or entity disclaims any beneficial ownership of the reported shares other<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9100000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 486.23pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.81pt;">than to the extent of any pecuniary interest they may have therein, directly or indirectly. MASP Investor LP was formerly an<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.81pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 495.19pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.86pt;">indirect minority shareholder of Amphitryon Limited. In May 2024, Amphitryon Limited transferred 12,981,592 ordinary shares to<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.86pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 504.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.85pt;">MASP Investor LP, and at the same time, MASP Investor LP transferred its indirect interest in Amphitryon Limited to JRJ<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.85pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 513.11pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.84pt;">Investor 1 LP, resulting in JRJ Investor 1 LP becoming a sole indirect shareholder of Amphitryon Limited. All the reporting<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.8399999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 522.07pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 294.66pt;">persons share voting power and dispositive power over the shares of the Company.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 537.03pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 9.76pt;">(3)<span style="display: inline-block; height: 5.82pt; width: 8.24pt;"></span></span><span style="left: 90pt; position: var(--position); width: 450pt;">Based solely on the Schedule 13G that was filed by Ocean Ring Jersey Co Limited (&#8220;Ocean Ring&#8221;) on November 14, 2024. The<span style="display: inline-block; height: 5.82pt;"></span></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 546.63pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.96pt;">business address of Ocean Ring, a company organized under the laws of Jersey, is 47 Esplanade, St. Helier, JE1 0BD, Jersey.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 556.23pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 450pt;">Ocean Ring is a wholly owned subsidiary of Ocean Trade Lux Co S.&#224; r.l. (&#8220;Ocean Trade&#8221;), a Luxembourg company having its<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 565.83pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.9pt;">registered office at 26 Boulevard Royal, L-2449 Luxembourg, which itself is owned by Trilantic Capital Partners IV (Europe)<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 575.43pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.86pt;">L.P., a limited partnership registered in England and Wales, whose address is 35 Portman Square, W1H 6LR, London (&#8220;Trilantic<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.86pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 585.03pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.99pt;">Europe IV&#8221;) and other co-investors. The voting and investment control over the ordinary shares of the Company held by Ocean<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.99pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 594.63pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.94pt;">Ring is exercised indirectly by the board of directors of Trilantic Capital Partners Management Limited (&#8220;TCPML&#8221;), a Guernsey<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 604.23pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.93pt;">company, acting as general partner of Trilantic Capital Partners Associates IV (Europe) L.P. Inc (&#8220;TCPA IV Europe&#8221;), a<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 613.83pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.94pt;">Guernsey partnership, acting itself as general partner of Trilantic Europe IV, which is the controlling shareholder of Ocean<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.08pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 623.43pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.94pt;">Trade. The board of directors of TCPML is comprised of Vittorio Pignatti, Javier Ba&#241;on, Mark Huntley, Laurence McNairn and<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 633.03pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.97pt;">Benedict Morgan. Each member of the board of directors of TCPML disclaims beneficial ownership of the ordinary shares held<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 642.63pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.93pt;">by Ocean Ring, except to the extent, if any, of his pecuniary interest therein. The registered office for TCPML and TCPA IV<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9300000000001pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 652.23pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.95pt;">Europe is Floor 2, Trafalgar Court, St Peter Port, GY1 4LY, Guernsey. All the reporting persons share voting power and<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 661.83pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 178.78pt;">dispositive power over the shares of the Company.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 677.43pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 468pt;">(4)&#160;  This includes certain ordinary share awards under a Retention Long Term Incentive Plan (&#8220;RLTIP&#8221;) and a Deferred Bonus Plan<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 687.03pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.86pt;">(&#8220;DBP&#8221;) which will vest within 60 days of March 3, 2025, as follows: Ian Lowitt 254,513; Paolo Tonucci 259,403; Simon van den<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.86pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 696.63pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 449.9pt;">Born 174,722; Thomas Texier 45,595; Nilesh Jethwa 208,092. In accordance with a warrant agreement, 142,709 ordinary<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.9pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 706.23pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre; width: 257.93pt;">shares will also be distributed to Ian Lowitt on the anniversary of the IPO.<span style="display: inline-block; height: 5.82pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">156<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 9.76pt;">(5)<span style="display: inline-block; height: 5.82pt; width: 8.24pt;"></span></span><span style="left: 90pt; position: var(--position); width: 225.1pt;">Madelyn Antoncic resigned as a director on 18 December 2024.<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 91.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The major shareholders listed above do not have voting rights with respect to their ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 103.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares that are different from the voting rights of other holders of our ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 125.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As a number of our shares are held in book-entry form, we are not aware of the identity of all our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 137.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholders. To our knowledge, as of March 3, 2025, we had two holders of record of our ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 149.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares in the United States, holding, in the aggregate 70,290,886, or 100%, of our outstanding ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 161.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares, which excludes 1,930,957 ordinary shares held by our EBT that were unallocated as of December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 173.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31, 2024. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To our knowledge, other than as provided in the table above, our other filings with the SEC and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">this Annual Report, there has been no significant change in the percentage ownership held by any major <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shareholder since January 1, 2022.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 241.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are not aware of any arrangement whereby we are directly or indirectly owned or controlled <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 253.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by another corporation, by any foreign government or by any other natural or legal person severally or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 265.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jointly, nor are we aware of any arrangement that may, at a subsequent date, result in a change of control <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 277.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 299.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72.56pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="iae9c9e5d179e4ebbbccee81220406bba"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Related Party Transactions<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 321.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following is a description of related party transactions we have entered into since January 1, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 333.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2022 with any of the executive officers or members of our Board and the holders of more than 5% of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 345.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 367.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Shareholders&#8217; Agreement which the Company entered into on October 20, 2020 with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 379.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited, Ocean Ring Jersey Co. Limited and Ocean Trade Lux Co S.A.R.L. (referred to as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8216;2020 Shareholders&#8217; Agreement&#8217;), meant that the Group paid a management 2.5% of EBITDA each year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to a party associated with the ultimate parent company for services provided. This resulted in the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">having paid $2.4m (2023: $6.1m) recorded in other expenses. As at December 31, 2024, there were no <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding payable balances (2023: $1.1m) recorded within trade and other payables. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 449.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Following the Company's successful initial public offering on April 25, 2024, the 2020 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 461.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholders' Agreement was terminated and a new Shareholders Agreement came into effect between <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company, Amphitryon Limited, JRJ Investor 1 Limited Partnership and MASP Investor Limited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 485.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Partnership (the '2024 Shareholders Agreement'). Amongst other matters, the 2024 Shareholders' <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 497.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agreement afforded Amphitryon Limited the right to appoint up to two nominee directors to the Board of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 509.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Group plc, subject to certain shareholding thresholds being met. The 2024 Shareholders <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 521.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agreement did not include the payment of any management fees. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 543.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to the IPO, the Group's related parties comprised its private equity investors Ocean Ring <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 555.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Jersey Co. Limited, MASP Investor Limited Partnership, and Amphitryon Limited, together with their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 567.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holding or controlling entities. Following completion of&#160;the IPO, Ocean Ring Jersey Co. Limited and MASP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor Limited Partnership (and their holding or controlling entities) ceased to be related parties as their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 591.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ownership fell below 20%. Amphitryon Limited and its holding or controlling entities remained related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 603.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parties post-IPO by virtue of their ownership greater than 20%, and by their board representation (as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 615.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">noted above). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 637.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited and its holding or controlling entities continued to be considered related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 649.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parties following a further sale of&#160;shares in October 2024 (despite their ownership falling below 20%) due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 661.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to their Board representation. This remained the position as at December 31, 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 683.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There were no other transactions during the period or assets and liabilities outstanding as at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 695.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 (2023: $nil) with other related parties.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">157<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholders&#8217; Agreement<span style="display: inline-block; height: 7.28pt;"></span><span id="ibe95980377bb4831ab62e15f87a6f5db"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On April 24, 2024, in connection with our IPO, we entered into a shareholders&#8217; agreement with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited, JRJ Jersey Limited as general partner of JRJ Investor 1 Limited Partnership (&#8220;JRJ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor 1 LP&#8221;) and FTPTAL as general partner of MASP Investor LP (the &#8220;Shareholder Agreement&#8221;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which governs certain aspects of the relationship between us and the parties thereto since the completion <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Director Nomination Rights<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Pursuant to the terms of the Shareholder Agreement, for so long as Amphitryon Limited, JRJ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor 1 LP and MASP Investor LP hold in aggregate:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a beneficial interest in 10% or more of our issued ordinary share capital but less than 25% of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">our issued ordinary share capital, Amphitryon Limited (on behalf of and at the direction of JRJ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Investor 1 LP) or JRJ Investor 1 LP shall be entitled from time to time to nominate for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">appointment to our Board up to one natural person to be a non-executive director; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">a beneficial interest in 25% or more of our issued ordinary share capital, Amphitryon Limited <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(on behalf of and at the direction of JRJ Investor 1 LP) or JRJ Investor 1 LP shall be entitled <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">from time to time to nominate for appointment to our Board on behalf of and at the direction of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">JRJ Investor 1 LP up to two natural persons to be non-executive directors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, for so long as Amphitryon Limited or JRJ Investor 1 LP is entitled to nominate one or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">more nominee directors to our Board, then Amphitryon Limited and JRJ Investor 1 LP shall have the right <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to appoint two nominee directors as members of our remuneration committee and one nominee director <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as a member of each other committee of our Board (other than our audit and compliance committee), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to the composition of the relevant committee satisfying the independence requirements under the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Nasdaq rules as applicable to us.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Consent Right<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Pursuant to the terms of the Shareholder Agreement, for so long as Amphitryon Limited, JRJ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor 1 LP and MASP Investor LP hold in aggregate beneficial interest in 20% or more of our issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary share capital, then the prior written consent of JRJ Investor 1 LP would be required for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">establishing any incentive scheme (including the adoption of any sub-plan or template award agreement) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or amending or varying the terms of an existing incentive plan or a new incentive scheme once <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">established, save that the prior written consent of JRJ Investor 1 LP will not be required in respect of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granting of bonuses or other awards under new or existing incentive schemes in accordance with their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms or any amendment or variation that we consider to be immaterial or administrative or required in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">order to implement any current or future regulatory requirement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Exercise of Rights<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Pursuant to the terms of the Shareholder Agreement, in the event that Amphitryon Limited and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">JRJ Investor 1 LP collectively hold a beneficial interest in less than 5% of our issued ordinary share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital, but together Amphitryon Limited, JRJ Investor 1 LP and MASP Investor LP hold in aggregate a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">beneficial interest in 10% or more of our issued ordinary share capital, then the rights and obligations of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited and JRJ Investor 1 LP shall instead be rights and obligations of MASP Investor LP.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Termination<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Shareholder Agreement will terminate with immediate effect in accordance with its terms in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the event that:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">the parties agree in writing;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">158<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited, JRJ Investor 1 LP and MASP Investor LP shall cease to hold in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate a beneficial interest in 10% or more of our issued ordinary share capital; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">we enter into voluntary or compulsory liquidation or a winding-up process, we are placed into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">administration or a receiver is appointed over all or any part of our property, undertaking or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">assets, or we enter into any composition or voluntary arrangement with its creditors or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">otherwise cease to exist as a consequence of a legal merger or spin off.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Registration Rights Agreement<span style="display: inline-block; height: 7.28pt;"></span><span id="ib4eb5c8016be4169a75382e863ab17fa"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with our IPO, we entered into a Registration Rights Agreement with Amphitryon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Limited, JRJ Investor 1 LP, BXR Group Holdings Limited, Ocean Ring Jersey Co. Limited and Ocean <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade Lux Co S.&#193;.R.L. (the &#8220;Registration Rights Agreement&#8221;), pursuant to which such shareholders were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granted certain demand registration rights, short-form registration rights and piggyback registration rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in respect of any ordinary shares and related indemnification rights from us, subject to customary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restrictions and exceptions. All fees, costs and expenses of registrations, other than underwriting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discounts and commissions, are expected to be borne by us.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company Lock-up Agreements<span style="display: inline-block; height: 7.28pt;"></span><span id="ie2f693951abf4a91bc94b44c276fe954"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our executive officers and certain other members of our management team entered into a lock-up <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreement with the Company (the &#8220;Company Lock-up Agreement&#8221;). Pursuant to the Company Lock-up <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agreement, each such shareholder agreed not to sell certain shares owned by them for a period of one <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year after the date of the final prospectus from our IPO, with the exception of our Chief Executive Officer, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">who is subject to a two-year lock-up period. The Company Lock-up Agreement may be waived with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consent of our Chief Executive Officer and our remuneration committee.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Indemnification and Insurance<span style="display: inline-block; height: 7.28pt;"></span><span id="i4ed9d35a2a7c434086c1fa12154054c5"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have entered into deeds of indemnity with our executive officers and directors. Our amended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and restated articles of association permit us to indemnify our executive officers and directors to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extent permitted by law. See Item 6. &#8220;Compensation Insurance and Indemnification.&#8221; for a description of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these deeds of indemnity. In addition to such indemnification, we provide our executive officers and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">directors with directors&#8217; and officers&#8217; liability insurance.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Related Party Transaction Policy<span style="display: inline-block; height: 7.28pt;"></span><span id="i6cc842ded2b74709b86e8f9da517b972"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Board has adopted a written related person transaction policy, which set forth the policies <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and procedures for the review and approval or ratification of related person transactions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="i0aaf2e79a2074bf58443699c7f19c11f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Interests of Experts and Counsel<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">159<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 94pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2186"></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 8.<span style="display: inline-block; height: 7.28pt;"></span><span id="i65d15cf73ad04be9ae50efdddbca29a4"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i9824b67cf5e8403ba4a251577f6919bb"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statements and Other Financial Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 121.6pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Financial Statements<span style="display: inline-block; height: 7.28pt;"></span><span id="id9aa7b8cfb4e4d238a7e10c75b2d8d8b"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">See Item 18 &#8216;Financial Statements&#8217; for our consolidated financial statements and the report of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 172pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independent registered public accounting firm. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 121.6pt; position: var(--position); text-decoration: none; white-space: pre;">Legal and Arbitration Proceedings<span style="display: inline-block; height: 7.28pt;"></span><span id="i3e530e0283e14d699afc85192ee256fc"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are subject to various legal and regulatory proceedings, claims and actions. Although the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outcome of these proceedings, claims and actions cannot be predicted with certainty, we do not believe <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that the outcome of any such proceedings, claims and actions would, in our management&#8217;s judgment, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have a material adverse effect on our financial condition or results of operation, nor are we aware of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">material legal and regulatory proceedings, claims and actions threatened against us. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 121.6pt; position: var(--position); text-decoration: none; white-space: pre;">Dividend Policy<span style="display: inline-block; height: 7.28pt;"></span><span id="ic1ee41abcc074adc862f3451bbe42b93"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We paid dividends of $45.0 million and $63.8 million in the years ended December 31, 2023 and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024, respectively. We did not pay dividends in the year ended December 31, 2022. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We expect to continue to pay dividends on a quarterly basis. The declaration and payment of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future dividends will be at the discretion of our Board and will depend upon our results of operations, cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements, financial condition, contractual restrictions, any future debt agreements or applicable laws <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other factors that our Board may deem relevant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Under the laws of England and Wales, among other things, we may only pay dividends if we have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sufficient distributable reserves (on a non-consolidated basis), which are our accumulated realized profits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that have not been previously distributed or capitalized less our accumulated realized losses, so far as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such losses have not been previously written off in a reduction or reorganization of capital.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i0bd88a284ba546feb00f278262c36054"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Significant Changes<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">None.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 502pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2209"></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 9.<span style="display: inline-block; height: 7.28pt;"></span><span id="i99ac0b7b661442edb314e878e22d727c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">The Offer and Listing<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i9f0a4f322f0c4f0e8cf31b90673202a6"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Offer and Listing Details<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are listed on Nasdaq and our ordinary shares began trading on April 25, 2024 under the ticker <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">symbol &#8216;MRX&#8217;. Prior to this, no public market existed for our ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i38c11aa5bb50456d9e75dd54885ccf52"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Plan of Distribution<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="i5306707e0d9947ba9568b5189d51f318"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Markets<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our ordinary shares are listed on Nasdaq and our ordinary shares began trading on April 25, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 under the ticker symbol &#8216;MRX&#8217;. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="ief894698c27842a69b4c05910d1e200b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Selling Shareholders<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">160<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">E.<span style="display: inline-block; height: 7.28pt;"></span><span id="i21b58bae424c47e8a20c03d69dad50a3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dilution<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 116pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">F.<span style="display: inline-block; height: 7.28pt;"></span><span id="i6577bb72f68445b5a2edc26c1987e714"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses of the Issue<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 160pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2232"></div><div style="line-height: 10pt; position: var(--position); top: 160pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 10.<span style="display: inline-block; height: 7.28pt;"></span><span id="i43093c68cb4847d5a5616721d1ef89fa"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Additional Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="ice7a17cd6c6847b787a68fe7a1ce65e0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Share Capital<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="i01c8e621932b409989ecb2e1f2a5af50"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Memorandum and Articles of Association<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A copy of our Articles of Association is attached as Exhibit 1.1 to this Annual Report. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information called for by this Item is set forth in Exhibit 2.1 to this Annual Report and is incorporated by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference into this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="ic045c68933bd49a5966590a6d6502323"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Material Contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Except as otherwise disclosed in this Annual Report (including the Exhibits), we are not currently, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nor have we been for the past two years, party to any material contract, other than contracts entered into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the ordinary course of business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="i33d7c9c1febc4f159b73eff3f16f572f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Controls<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There are no governmental laws, decrees, regulations or other legislation in the United Kingdom <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that may affect the import or export of capital, including the availability of cash and cash equivalents for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">use by us, or that may affect the remittance of dividends, interest, or other payments by us to non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resident holders of our ordinary shares other than withholding tax requirements. There is no limitation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">imposed by the laws of England and Wales or in the amended and restated articles of association on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">right of non-residents to hold or vote shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">E.<span style="display: inline-block; height: 7.28pt;"></span><span id="if536af44578d481e88ff3ff998553fa8"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Taxation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Material U.K. Tax Considerations<span style="display: inline-block; height: 7.28pt;"></span><span id="ice981b7d486146059b73fa69e5019c37"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre; width: 431.94pt;">The following summary contains a description of the material U.K. and U.S. federal income tax<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 467.96pt;">consequences of the acquisition, ownership and disposition of ordinary shares, but it does not purport to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 467.96pt;">be a comprehensive description of all the tax considerations that may be relevant to a decision to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 467.97pt;">purchase ordinary shares. The summary is based upon the tax laws of England and Wales and<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.97pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 467.84pt;">regulations thereunder and on the tax laws of the United States and regulations thereunder as of the date<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 539.8399999999999pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.77pt;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 160.54pt;">hereof, which are subject to change.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following is intended as a general guide to current U.K. tax law and HM Revenue &amp; Customs, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or HMRC, practice applying as at the date of this Annual Report (both of which are subject to change at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any time, possibly with retrospective effect) relating to the holding of ordinary shares. It does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">constitute legal or tax advice and does not purport to be a complete analysis of all U.K. tax considerations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relating to the holding of ordinary shares, or all of the circumstances in which holders of ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may benefit from an exemption or relief from U.K. taxation. It is written on the basis that the company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">does not (and will not) directly or indirectly derive 75% or more of its qualifying asset value from U.K. land, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 676pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and that the company is and remains solely resident in the United Kingdom for tax purposes and will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 688pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">therefore be subject to the U.K. tax regime and not the U.S. tax regime save as set out below under &#8220;U.S. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 700pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Federal Income Taxation.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">161<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Except to the extent that the position of non-U.K. resident persons is expressly referred to, this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">guide relates only to persons who are resident (and, in the case of individuals, domiciled or deemed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">domiciled) for tax purposes solely in the United Kingdom and to whom split year treatment does not apply <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and who do not have a permanent establishment, branch, agency (or equivalent) or fixed base in any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other jurisdiction with which the holding of the ordinary shares is connected, (&#8220;U.K. Holders&#8221;), who are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">absolute beneficial owners of the ordinary shares (where the ordinary shares are not held through an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Individual Savings Account or a Self-Invested Personal Pension) and who hold the ordinary shares as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments. The statements in this guide do not apply to any Holder who either directly or indirectly holds <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or controls 10% or more of the company&#8217;s share capital (or class thereof), voting power or profits.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">This guide may not relate to certain classes of U.K. Holders, such as (but not limited to):<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">persons who are connected with the company;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">financial institutions;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">insurance companies;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">charities or tax-exempt organizations;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">collective investment schemes;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">pension schemes;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">market makers, intermediaries, brokers or dealers in securities;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">persons who have (or are deemed to have) acquired their ordinary shares by virtue of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">office or employment or who are or have been officers or employees of the company or any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 392pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">of its affiliates; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">individuals who are subject to U.K. taxation on a remittance basis or under the U.K.&#8217;s foreign <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">income and gains regime.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">THESE PARAGRAPHS ARE A SUMMARY OF CERTAIN U.K. TAX CONSIDERATIONS AND <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ARE INTENDED AS A GENERAL GUIDE ONLY. IT IS RECOMMENDED THAT ALL HOLDERS OF <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ORDINARY SHARES OBTAIN ADVICE AS TO THE CONSEQUENCES OF THE ACQUISITION, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OWNERSHIP AND DISPOSAL OF THE ORDINARY SHARES IN THEIR OWN SPECIFIC <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">CIRCUMSTANCES FROM THEIR OWN TAX ADVISORS. IN PARTICULAR, NON-U.K. RESIDENT OR <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">DOMICILED PERSONS ARE ADVISED TO CONSIDER THE POTENTIAL IMPACT OF ANY RELEVANT <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">DOUBLE TAXATION AGREEMENTS.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 71.65pt;">Withholding Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends paid by the company will not be subject to any withholding or deduction for or on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">account of U.K. tax.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 52.21pt;">Income Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">An individual U.K. Holder may, depending on their particular circumstances, be subject to U.K. tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on dividends received from the company. An individual holder of ordinary shares who is not resident for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax purposes in the United Kingdom should not be chargeable to U.K. income tax on dividends received <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the company unless they carry on (whether solely or in partnership) a trade, profession or vocation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the United Kingdom through a branch or agency to which the ordinary shares are attributable. There <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">162<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are certain exceptions for trading in the United Kingdom through independent agents, such as some <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brokers and investment managers.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">All dividends received by an individual U.K. Holder from us or from other sources will form part of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that U.K. Holder&#8217;s total income for income tax purposes and will constitute the top slice of that income. A <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nil rate of income tax will apply to the first &#163;500 of taxable dividend income received by the individual U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holder in the 2024/25 tax year (the &#8220;Nil Rate Band&#8221;). Income within the Nil Rate Band will be taken into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">account in determining whether income in excess of the Nil Rate Band falls within the basic rate, higher <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate or additional rate tax bands. Dividend income in excess of the Nil Rate Band will (subject to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">availability of any income tax personal allowance) be taxed at 8.75% to the extent that the excess amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">falls within the basic rate tax band, 33.75% to the extent that the excess amount falls within the higher <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate tax band and 39.35% to the extent that the excess amount falls within the additional rate tax band.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 71.66pt;">Corporation Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A corporate holder of ordinary shares who is not resident for tax purposes in the United Kingdom <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">should not be chargeable to U.K. corporation tax on dividends received from the company unless it <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carries on (whether solely or in partnership) a trade in the United Kingdom through a permanent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">establishment to which the ordinary shares are attributable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate U.K. Holders should not be subject to U.K. corporation tax on any dividend received <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the company so long as the dividends qualify for exemption, which should generally be the case, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">although certain conditions must be met. If the conditions for the exemption are not satisfied, or such U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holder elects for an otherwise exempt dividend to be taxable, U.K. corporation tax will be chargeable on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the amount of any dividends (currently, the main rate of corporation tax is 25%).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 80.57pt;">Chargeable Gains<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A disposal or deemed disposal of ordinary shares by a U.K. Holder may, depending on the U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holder&#8217;s circumstances and subject to any available exemptions or reliefs (such as the annual exemption <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for individuals), give rise to a chargeable gain or an allowable loss for the purposes of U.K. capital gains <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax and corporation tax on chargeable gains.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If an individual U.K. Holder who is subject to U.K. income tax at either the higher or the additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate is liable to U.K. capital gains tax on the disposal of ordinary shares, the current applicable rate (for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disposals made from October 30, 2024) will be 24%. For an individual U.K. Holder who is subject to U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income tax at the basic rate and liable to U.K. capital gains tax on such disposal, the current applicable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate (for disposals made from October 30, 2024) would be 18%, save to the extent that any capital gains <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">when aggregated with the U.K. Holder&#8217;s other taxable income and gains in the relevant tax year exceed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the unused basic rate tax band. In that case, the rate currently applicable (for disposals made from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">October 30, 2024) to the excess would be 24%.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If a corporate U.K. Holder becomes liable to U.K. corporation tax on the disposal (or deemed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disposal) of ordinary shares, the main rate of U.K. corporation tax (currently 25%) would apply.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A holder of ordinary shares that is not resident for tax purposes in the United Kingdom should not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">normally be liable to U.K. capital gains tax or corporation tax on chargeable gains on a disposal (or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deemed disposal) of ordinary shares unless the person is carrying on (whether solely or in partnership) a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade, profession or vocation in the United Kingdom through a branch or agency (or, in the case of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporate holder of ordinary shares, a trade through a permanent establishment) to which the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares are used in or for the purposes of such trade, profession or vocation (or, in the case of a corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holder of ordinary shares, used, held or acquired for the purposes of the permanent establishment). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">However, an individual holder of ordinary shares who has ceased to be resident for tax purposes in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom for a period of less than five years and who disposes of ordinary shares during that <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">163<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period may be liable on their return to the United Kingdom to U.K. tax on any capital gain realized (subject <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to any available exemption or relief).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 186.05pt;">Stamp Duty and Stamp Duty Reserve Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The discussion below relates to the holders of our ordinary shares wherever resident, however it <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">should be noted that special rules may apply to certain persons such as market makers, brokers, dealers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or intermediaries.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Issue of Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 196pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There is generally no liability to stamp duty or SDRT payable on the issue of new ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the Company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 230pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers of Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">An unconditional agreement to transfer ordinary shares will normally give rise to a charge to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">SDRT at the rate of 0.5% of the amount or value of the consideration payable for the transfer. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">purchaser of the shares is liable for the SDRT. Transfers of ordinary shares in certificated form are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally also subject to stamp duty at the rate of 0.5% of the amount or value of the consideration given <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for the transfer (rounded up to the next &#163;5.00). Stamp duty is normally paid by the purchaser. There is an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exemption where the consideration for a transfer is &#163;1,000 or less and that transfer does not form part of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a larger transaction or series of transactions where the combined consideration exceeds &#163;1,000 and this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is certified on the instrument of transfer. The charge to SDRT will be canceled or, if already paid, repaid <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(generally with interest and upon claim), where a transfer instrument has been duly stamped within six <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years of the charge arising (either by paying the stamp duty or by claiming an appropriate relief) or if the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument is otherwise exempt from stamp duty.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers Into (or Between) Depositary Receipt Issuers and Clearance Services<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 416pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Subject to the following, an unconditional agreement to transfer ordinary shares to, or to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 428pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nominee or agent for, a person whose business is or includes the issue of depositary receipts or the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provision of clearance services (a &#8220;depositary receipt issuer&#8221; and a &#8220;clearance service,&#8221; respectively) will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">prima facie be subject to SDRT (or, where the transfer is effected by a written instrument, stamp duty) at a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">higher rate of 1.5% of the amount or value of the consideration given for the transfer or, in certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">circumstances, the value of the shares (rounded up to the next multiple of &#163;5 in the case of stamp duty) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unless (in respect of transfers to clearance services) the clearance service has made and maintained an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">election under section 97A of the U.K. Finance Act 1986 (a &#8220;section 97A election&#8221;). No such charge to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stamp duty or SDRT should arise on the issuance of new ordinary shares to a depositary receipt issuer or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a clearance service.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The 1.5% U.K. stamp duty and SDRT charges should not, however, arise on a transfer of U.K. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares to a depositary receipt issuer or to a clearance service to the extent that such transfer is an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;exempt capital-raising transfer&#8221; or an &#8220;exempt listing transfer,&#8221; as defined in Finance Act 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers of shares from a depositary receipt issuer to a clearance service are generally outside <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the charge to U.K. stamp duty and SDRT (assuming that the clearance service has not entered into a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">section 97A election) and, as such, the transfer of our ordinary shares from the depositary receipt issuer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the nominee for DTC should not give rise to a liability to U.K. stamp duty or SDRT. It is understood that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">HMRC regards the facilities of DTC as a clearance service for these purposes, and we are not aware of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any section 97A election having been made by DTC.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Any stamp duty or SDRT payable on a transfer of ordinary shares to a depositary receipt issuer or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a clearance service will in practice generally be paid by the participants in the clearance service or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">depositary receipt system.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">164<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">No stamp duty or SDRT should be required to be paid on a transfer of our ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through the clearance service facilities of DTC, provided that no section 97A election has been made by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">DTC and (in the case of stamp duty only) provided that no written instrument of transfer is entered into in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect of the transfer.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Material U.S. Federal Income Tax Considerations<span style="display: inline-block; height: 7.28pt;"></span><span id="i2873c984f82142279bc7fe1456077be5"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following summary describes certain United States federal income tax considerations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally applicable to United States Holders (as defined below) of the ordinary shares. This summary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deals only with the ordinary shares held as capital assets within the meaning of Section 1221 of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;). This summary also does not address the tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consequences that may be relevant to holders in special tax situations including, without limitation, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dealers in securities, traders that elect to use a mark-to-market method of accounting, holders that own <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the ordinary shares as part of a &#8220;straddle,&#8221; &#8220;hedge,&#8221; &#8220;conversion transaction,&#8221; or other integrated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment, banks or other financial institutions, individual retirement accounts and other tax-deferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts, insurance companies, tax-exempt organizations, United States expatriates, holders whose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">functional currency is not the U.S. dollar, holders subject to alternative minimum taxes, holders that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired the ordinary shares in a compensatory transaction, holders subject to special tax accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules as a result of any item of gross income with respect to the ordinary shares being taken into account <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in an applicable financial statement, holders which are entities or arrangements treated as partnerships <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for United States federal income tax purposes or holders that actually or constructively through attribution <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own 10% or more of the total voting power or value of our outstanding equity.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">This summary is based upon the Internal Revenue Code, applicable United States Treasury <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations, administrative pronouncements and judicial decisions, in each case as in effect on the date <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hereof, all of which are subject to change (possibly with retroactive effect). No ruling will be requested <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the Internal Revenue Service (the &#8220;IRS&#8221;), regarding the tax consequences described herein, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">there can be no assurance that the IRS will agree with the discussion set out below. This summary does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not address any United States federal tax consequences other than United States federal income tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consequences (such as the estate and gift tax or the Medicare tax on net investment income).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As used herein, the term &#8220;United States Holder&#8221; means a beneficial owner of the ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that is, for United States federal income tax purposes, (i) an individual who is a citizen or resident of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States, (ii) a corporation or other entity taxable as a corporation created or organized in or under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the laws of the United States or any state thereof or therein or the District of Columbia, (iii) an estate the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income of which is subject to United States federal income taxation regardless of its source, or (iv) a trust <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 496pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) that is subject to the supervision of a court within the United States and the control of one or more <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 508pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States persons as described in Internal Revenue Code Section 7701(a)(30), or (b) that has a valid <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">election in effect under applicable United States Treasury regulations to be treated as a &#8220;United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">person.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If an entity or arrangement treated as a partnership for United States federal income tax purposes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquires the ordinary shares, the tax treatment of a partner in the partnership generally will depend upon <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the status of the partner and the activities of the partnership. Partners of a partnership considering an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investment in the ordinary shares should consult their tax advisors regarding the United States federal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income tax consequences of acquiring, owning, and disposing of the ordinary shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">THE SUMMARY OF UNITED STATES FEDERAL INCOME TAX CONSEQUENCES SET OUT <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">BELOW IS FOR GENERAL INFORMATION ONLY. ALL PROSPECTIVE INVESTORS SHOULD <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">CONSULT THEIR TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ACQUIRING, OWNING AND DISPOSING OF THE ORDINARY SHARES, INCLUDING THE <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">APPLICABILITY AND EFFECT OF FEDERAL, STATE, LOCAL AND NON-U.S. TAX LAWS AND <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">POSSIBLE CHANGES IN TAX LAW.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">165<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we make any distributions, subject to the discussion below under &#8220;&#8212;Passive foreign investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">company,&#8221; the amount of dividends paid to a United States Holder with respect to the ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally will be included in the United States Holder&#8217;s gross income as ordinary income from foreign <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sources to the extent paid out of our current or accumulated earnings and profits (as determined for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States federal income tax purposes). Distributions in excess of earnings and profits will be treated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as a non-taxable return of capital to the extent of the United States Holder&#8217;s tax basis in those ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares and thereafter as capital gain. However, we do not intend to calculate our earnings and profits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under United States federal income tax principles. Therefore, United States Holders should expect that a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">distribution will generally be treated as a dividend even if that distribution would otherwise be treated as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-taxable return of capital or as capital gain under the rules described above. If distributions are paid in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">foreign currency, the amount of such distribution will be equal to the U.S. dollar value of such currency, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">translated at the spot rate of exchange on the date such distribution is received, regardless of whether the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payment is in fact converted into U.S. dollars at that time.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign withholding tax (if any) paid on dividends on the ordinary shares at the rate applicable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a United States Holder (taking into account any applicable income tax treaty) will, subject to limitations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and conditions, be treated as foreign income tax eligible for credit against such holder&#8217;s United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">federal income tax liability or, at such holder&#8217;s election, eligible for deduction in computing such holder&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States federal taxable income. Dividends paid on the ordinary shares generally will constitute <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 298pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;foreign source income&#8221; and &#8220;passive category income&#8221; for purposes of the foreign tax credit. However, if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we are a &#8220;United States-owned foreign corporation,&#8221; solely for foreign tax credit purposes, a portion of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 322pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividends allocable to our United States source earnings and profits may be re-characterized as United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States source income. A &#8220;United States-owned foreign corporation&#8221; is any foreign corporation in which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States persons own, directly or indirectly, 50% or more (by vote or by value) of the stock. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">general, United States-owned foreign corporations with less than 10% of earnings and profits attributable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to sources within the United States are excepted from these rules. Although we do not believe we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treated as a &#8220;United States-owned foreign corporation,&#8221; we may become one in the future. In such case, if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">10% or more of our earnings and profits are attributable to sources within the United States, a portion of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the dividends paid on the ordinary shares allocable to our United States source earnings and profits will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be treated as United States source income, and, as such, the ability of a United States Holder to claim a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">foreign tax credit for any foreign withholding taxes (if any) payable in respect of our dividends may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limited.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">United States Treasury regulations impose various limitations on a United States Holder&#8217;s ability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to claim foreign tax credit in respect of any foreign tax imposed on a distribution on the ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The rules governing the treatment of foreign taxes imposed on a United States Holder and foreign tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credits are complex, and United States Holders should consult their tax advisors regarding the availability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a foreign tax credit or deduction in light of their particular circumstances, including their eligibility for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">benefits under an applicable income tax treaty and the impact of the applicable United States Treasury <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulations.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends received by certain non-corporate United States Holders (including individuals) may be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;qualified dividend income,&#8221; which is taxed at the lower capital gain rate, provided that (i) either the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares are readily tradable on an established securities market in the United States or we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">eligible for benefits under a comprehensive United States income tax treaty that includes an exchange of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information program and which the United States Treasury Department has determined is satisfactory for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these purposes (which would include the United States&#8212;United Kingdom income tax treaty), (ii) we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">neither a PFIC (as discussed below) nor treated as such with respect to the United States Holder for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">either the taxable year in which the dividend is paid or the preceding taxable year, and (iii) the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States Holder satisfies certain holding period and other requirements. In this regard, shares generally are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">considered to be readily tradable on an established securities market in the United States if they are listed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on Nasdaq, as the ordinary shares are expected to be. United States Holders should consult their tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">advisors regarding the availability of the reduced tax rate on dividends paid with respect to the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">166<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares. The dividends will not be eligible for the dividends received deduction available to corporations in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">respect of dividends received from other United States corporations.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Disposition of Ordinary Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 128pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Subject to the discussion below under &#8220;&#8212;Passive foreign investment company,&#8221; a United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holder generally will recognize capital gain or loss for United States federal income tax purposes on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sale or other taxable disposition of the ordinary shares equal to the difference, if any, between the amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">realized and the United States Holder&#8217;s tax basis in those ordinary shares. In general, capital gains <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognized by a non-corporate United States Holder, including an individual, are subject to a lower rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under current law if such United States Holder held shares for more than one year. The deductibility of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital losses is subject to limitations. Any such gain or loss generally will be treated as United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">source income or loss for purposes of the foreign tax credit (unless an applicable United States income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax treaty provides otherwise). A United States Holder&#8217;s initial tax basis in the ordinary shares generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">will equal the cost of such shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Passive Foreign Investment Company<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We would be a PFIC for any taxable year if, after the application of certain look-through rules, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">either: (i) 75% or more of our gross income for such year is &#8220;passive income&#8221; (as defined in the relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provisions of the Internal Revenue Code), or (ii) 50% or more of the value of our assets (generally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determined on the basis of a quarterly average) during such year is attributable to assets that produce or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are held for the production of passive income. For these purposes, cash and other assets readily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">convertible into cash or that do or could generate passive income are categorized as passive assets, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the value of goodwill and other unbooked intangible assets is generally taken into account. Passive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income generally includes, among other things, rents, dividends, interest, royalties, gains from the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disposition of passive assets and gains from certain commodities and securities transactions. Special <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 388pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rules apply for a dealer as specifically defined under the PFIC rules. For purposes of this test, we will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treated as owning a proportionate share of the assets and earning a proportionate share of the income of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">any other corporation of which we own, directly or indirectly, at least 25% (by value) of the stock. Certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adverse United States federal income tax consequences could apply to a United States Holder if we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treated as a PFIC for any taxable year during which such United States Holder holds the ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Under the PFIC rules, if we were considered a PFIC at any time that a United States Holder holds the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares, we would continue to be treated as a PFIC with respect to such holder&#8217;s investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unless (i) we cease to be a PFIC, and (ii) the United States Holder has made a &#8220;deemed sale&#8221; election <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 484pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the PFIC rules.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The application of the PFIC rules (including the special rules for a dealer) to a corporation in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">type of business that we are engaged in is subject to uncertainty. If we are a PFIC for any taxable year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that a United States Holder holds the ordinary shares, unless the United States Holder makes certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">elections, any gain recognized by the United States Holder on a sale or other disposition of the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares would be allocated pro-rata over the United States Holder&#8217;s holding period for the ordinary shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The amounts allocated to the taxable year of the sale or other disposition and to any year before we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">became a PFIC would be taxed as ordinary income. The amount allocated to each other taxable year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">would be subject to tax at the highest rate in effect for individuals or the highest rate in effect for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporations, as appropriate, for that taxable year, and an interest charge would be imposed. Further, to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the extent that any distribution received by a United States Holder on the ordinary shares exceeds 125% <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the average of the annual distributions on the ordinary shares received during the preceding three <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years or the United States Holder&#8217;s holding period, whichever is shorter, that distribution would be subject <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to taxation in the same manner as gain on the sale or other disposition of the ordinary shares if we were a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">PFIC, as described above. If we are treated as a PFIC with respect to a United States Holder for any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 674pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxable year, the United States Holder will be deemed to own equity in any of the entities in which we hold <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity that also are PFICs.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">167<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In certain circumstances, in lieu of being subject to the excess distribution rules discussed above, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a United States Holder may make an election to include gain on the stock of a PFIC as ordinary income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under a mark-to-market method, provided that such stock is &#8220;regularly traded&#8221; on a &#8220;qualified <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange&#8221; (which includes Nasdaq). If a United States Holder makes an effective mark-to-market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">election, such United States Holder will include in each year as ordinary income the excess of the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market value of the ordinary shares at the end of the year over the adjusted tax basis in the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares, and will be entitled to deduct as an ordinary loss each year the excess of the adjusted tax basis in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the ordinary shares over their fair market value at the end of the year, to the extent of the net amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">previously included in income as a result of the mark-to-market election. A United States Holder&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adjusted tax basis in the ordinary shares will be increased by the amount of any income inclusion and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decreased by the amount of any deductions under the mark-to-market rules. Gain or loss on a sale or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchange of the ordinary shares will be treated similarly. If a United States Holder makes a mark-to-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market election it will be effective for the taxable year for which the election is made and all subsequent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxable years (provided that, for any subsequent taxable year in which we are not a PFIC, a United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holder will not include in income mark-to-market gain or loss) unless the ordinary shares are no longer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regularly traded on a qualified exchange or the IRS consents to the revocation of the election. Because a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">mark-to-market election generally cannot be made for equity interests in Lower-tier PFICs, United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Holders generally will continue to be subject to the PFIC rules with respect to their indirect interest in any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Lower-tier PFICs. As a result, distributions from, and dispositions of, Lower-tier PFICs, as well as certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other transactions, generally will be treated as distributions or dispositions subject to the special tax rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">above, even if a mark-to-market election is made. United States Holders are urged to consult their tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">advisors about the availability and advisability of the mark-to-market election in their particular <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">circumstances, as well as the impact of such election on interests in any Lower-tier PFICs. If we are a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">PFIC, a timely election to treat us as a qualified electing fund treatment would result in an alternative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treatment. However, we do not intend to prepare or provide the information that would enable United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States Holders to make a qualified electing fund election.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For each taxable year we are considered a PFIC, a United States Holder will be subject to annual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information reporting requirements under the PFIC rules, including the filling of IRS Form 8621. A failure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to file forms as required may toll the running of the statute of limitations in respect of each of the United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">States Holder&#8217;s taxable years for which such form is required to be filed.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Each United States Holder is urged to consult its own tax advisor concerning the U.S. federal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income tax consequences of holding the ordinary shares if we are a PFIC in any taxable year during its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holding period, including the desirability of making a mark-to-market election.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Information Reporting and Backup Withholding<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 520pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividend payments and proceeds paid from the sale or other taxable disposition of the ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares may be subject to information reporting to the IRS. In addition, a United States Holder (other than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an exempt holder who establishes its exempt status if required) may be subject to backup withholding on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dividend payments and proceeds from the sale or other taxable disposition of the ordinary shares paid <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within the United States or through certain U.S.-related financial intermediaries.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Backup withholding will not apply, however, to a United States Holder who furnishes a correct <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxpayer identification number, makes other required certification and otherwise complies with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applicable requirements of the backup withholding rules. Backup withholding is not an additional tax. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Rather, any amount withheld under the backup withholding rules will be creditable or refundable against <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the United States Holder&#8217;s United States federal income tax liability, provided the required information is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">timely furnished to the IRS.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign Financial Asset Reporting<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 694pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain United States Holders are required to report their holdings of certain foreign financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 706pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assets, including equity of foreign entities, if the aggregate value of all of these assets exceeds certain <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">168<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">threshold amounts. The ordinary shares are expected to constitute foreign financial assets subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these requirements unless the ordinary shares are held in an account at certain financial institutions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">United States Holders should consult their tax advisors regarding the application of these reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">F.<span style="display: inline-block; height: 7.28pt;"></span><span id="ideae6fda6b824e149a012ef35192b9a3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends and Paying Agents<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">169<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 96.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">G.<span style="display: inline-block; height: 7.28pt;"></span><span id="i55b5a26c0185424291d61cfdd4a6e528"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Statement by Experts<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">H.<span style="display: inline-block; height: 7.28pt;"></span><span id="id4cf50c44d134d91b1360e4294a967d0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Documents on Display<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are required to make certain filings with the SEC. The SEC maintains an internet website that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contains reports, proxy statements and other information about issuers, like us, that file electronically with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the SEC. The address of that site is www.sec.gov.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 208.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We also make available on our website (www.marex.com), free of charge, our annual reports on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Form 20&#8209;F and the text of our reports on Form 6&#8209;K, including any amendments to these reports, as well <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 232.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as certain other SEC filings, as soon as reasonably practicable after they are electronically filed with or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">furnished to the SEC. The information contained on our website is not incorporated by reference into this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 278.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">I.<span style="display: inline-block; height: 7.28pt;"></span><span id="i60e521fa410f4efa882eb94bb7632824"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Subsidiary Information<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 322.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">J.<span style="display: inline-block; height: 7.28pt;"></span><span id="i54f39d53d82843dea3b9ad051d1b896f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Report to Security Holders<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">If we are required to provide an annual report to security holders in response to the requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Form 6-K, we will submit the annual report to security holders in electronic format in accordance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 368.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the EDGAR Filer Manual.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 390.4pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2255"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 11.<span style="display: inline-block; height: 7.28pt;"></span><span id="if44bddce0e69422b9e240637fbb2c9b0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Quantitative and Qualitative Disclosures <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 320.15999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">About<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 349.01pt; position: var(--position); text-decoration: none; white-space: pre;"> Market Risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our activities expose us to a number of financial risks including credit risk, market risk and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity risk. We manage these risks through various mitigating controls, and our approach to risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management generally is both prudent and adaptive. Overall responsibility for risk management rests with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 448.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our Board of directors. The Board&#8217;s risk appetite is articulated and controlled through various <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">mechanisms, including:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">risk appetite statements applicable to each of the different categories of risk; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 504.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">a risk classification model which includes: credit, market, operational risk, liquidity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">compliance, strategic and business, change and portfolio risk.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Implementation of risk appetite across our businesses is overseen by our risk committee. The risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 550.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">committee sets a tolerance for each of the risk, which enables us to measure each individual category <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">against our strategic objectives. The tolerances range between (i) very low, (ii) low, (iii) moderate and (iv) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acceptable, with the majority set at either very low or low and two currently set at moderate. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 596.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Risk limits, underpinned by trigger limits, are set across each risk factor by the risk committee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(pursuant to its delegated authority as granted by our Board of directors) and establish the boundaries <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within which our executive management team is empowered to operate. Risk limits may be refreshed as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 632.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">needed to meet our changing corporate and strategic initiatives as well as emerging risks to our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 644.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These limits, together with our overall risk appetite, are guided by regular review of the risk registers we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 656.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have implemented across our businesses and ongoing engagement between our Board and executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 668.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management team regarding the changing environment in which we operate and the strategic direction of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our business.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">170<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">A risk appetite dashboard is maintained by our risk management team and reported to each of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the risk committee and the Board on a quarterly basis for discussion, with any breach of a trigger or risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limit escalated as needed to the risk committee and/or the Board to agree the necessary steps to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remediate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Key risk indicators are also established by our executive management team to enable us to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">manage our daily operations across our businesses at a more granular level. Dedicated resources within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our Risk department control and management the exposures resulting from: (a) our own positions and (b) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the positions our clients and related exposures to their counterparties, within the risk appetite set by our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For additional information, see Note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.07pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.19pt; position: var(--position); text-decoration: none; white-space: pre;"> to our consolidated financial statements included <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">elsewhere in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i04f5f9b7876b43e98b669964fe4f2466"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The maximum credit risk exposure relating to financial assets is represented by the gross <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying value as at the balance sheet date.&#160;Credit risk in the Group principally arises from cash and cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equivalents deposited with third party institutions, exposures from transactions and balances with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges and clearing houses, and exposures resulting from transactions and balances relating to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customers and counterparties, some of which have been granted credit lines.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group only makes treasury deposits with banks and financial institutions that have received <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval from the Group&#8217;s Executive Credit and Risk Committee (or their authorised delegates). These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposits are also subject to counterparty limits with respect to concentration and maturity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s exposure to customer and counterparty transactions and balances is managed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through the Group&#8217;s credit policies and,&#160;where appropriate, the use of initial and variation margin credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limits, in conjunction with position limits for all customers and counterparties. These exposures are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitored both intraday and overnight. The limits are set by the Group&#8217;s Executive Credit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk&#160;Committee (or their authorised delegates) through a formalised process.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has received collateral in respect of its derivative assets during the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 amounting to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.11pt; position: var(--position); text-decoration: none; white-space: pre;">$420.1m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 262.01pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.89pt; position: var(--position); text-decoration: none; white-space: pre;">$184.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 334.79pt; position: var(--position); text-decoration: none; white-space: pre;">). Collateral was recognised in amounts due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to exchanges, clearing houses and other counterparties.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market<span style="display: inline-block; height: 7.28pt;"></span><span id="ic6a4c37f16694df790a5f1d9f6e230f3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 104.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s activities expose it to financial risks primarily generated through financial (interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate, equity and foreign exchange markets) and commodity market price exposures. The Group&#8217;s Agency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&amp; Execution, Market Making and Hedging and Investment Solutions businesses generate market risk as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group acts as principal. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 104.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> risk sensitivity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group manages market risk exposure using appropriate risk management techniques within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">predefined and independently monitored parameters and limits. The Group uses a range of tools to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitor and limit market risk exposures. These include Value-at-Risk (&#8216;VaR&#8217;), sensitivity limits and stress <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">testing. VaR, risk sensitivity limits and stress testing have been implemented, as appropriate, to provide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">oversight and control over the Agency &amp; Execution, Market Making and Hedging and Investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions segments and to ensure that trading is conducted within the pre-set risk appetite of the Board.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">171<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Value at Risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">VaR is a technique that estimates the potential losses that could occur on risk positions as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">result of movements in market rates and prices over a specified time horizon and to a given level of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">confidence. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The VaR model used by the Group for the Metals, Agriculture, Energy and CSC business is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based upon the Monte Carlo simulation technique. The VaR model for the OTC FX, US Repo and the US <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and EMEA Securities Financing businesses in the Agency &amp; Execution segment and the Equity Market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Making, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta One Total Return Futures businesses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the Volatility Performance Fund in the Market Making segment is based on the Historical Simulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technique.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group validates VaR by comparing to alternative risk measures, for example, scenario <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">analysis and exchange initial margins as well as the back testing of calculated results against actual profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and loss.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises the limitations of VaR by augmenting its VaR limits with other position and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sensitivity limit structures. The&#160;Group also applies a wide range of stress testing, both on individual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portfolios and on the Group&#8217;s consolidated positions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Agency &amp; Execution segment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital Markets business in the Agency &amp; Execution segment. Those parts of the Capital Markets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business within the Agency &amp; Execution segment which exhibit market risk are the OTC FX, US Repo and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the US and EMEA Securities Financing businesses.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the OTC FX desk is monitored and regulated through limits based on FX Delta at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the currency, tenor and overall book level and book level VaR. VaR production and monitoring for this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business started in 2024 and the VaR as at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the US Repo desk is monitored and regulated through daily limits based on DV01, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 452pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and O/N vs term activity and book level VaR.The VaR at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 475.96pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.74pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.77000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.55pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the US Securities Financing desk is monitored and regulated through daily limits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on GMV Trigger, P&amp;L Loss Trigger, Term Limits and book level VaR.The VaR at December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 160.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.11pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.76pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 292.53999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the EMEA Securities Financing desk is monitored and regulated through limits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on FX Delta, DV01, notional and tenor level. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Market Making segment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 610pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 622pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Metals, Agriculture, Energy and CSC business, with equities and businesses within Capital Markets in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 634pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making segment. Those parts of the Capital Markets business within Market Making which exhibit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market risk are the Equity Market Making desk, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">One Total Return Futures and the Volatility Performance Fund.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For the Metals, Agriculture, Energy and CSC business, the VaR as at December 31, 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 692pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.77000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">$4.0m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.55pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 219.2pt; position: var(--position); text-decoration: none; white-space: pre;">$2.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.98pt; position: var(--position); text-decoration: none; white-space: pre;">) and the average monthly VaR for the year ended December 31, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 160.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$3.0m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.11pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.76pt; position: var(--position); text-decoration: none; white-space: pre;">$2.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 292.53999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">172<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the Equity Market Making business is systematically monitored and regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through limits based on net-delta at the stock, book and overall portfolio levels, with triggers in place for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring gross long/short exposures. Additionally, a VaR limit is implemented to oversee and manage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the desk activities. The VaR at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.67pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.45pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 467.1pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.88pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the Frontier FX desk is monitored and regulated through limits based on FX Delta <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at the currency and tenor level and overall book level VaR. VaR production and monitoring for this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business started in 2024 and the VaR as at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the Interest Rate Swaps desk is systematically monitored and regulated through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limits based on PV01 at the currency, tenor and overall book level and book level VaR. VaR production <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and monitoring for this business started in 2024 and the VaR as at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk for the US Corporate Bonds desk is monitored and regulated through limits based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, Stress, DV01 and Issuer GMV. The VaR at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 440.96pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.74pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.22pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 122pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk on The Delta One Total Return Futures desk, launched this year, is managed both by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk sensitivity analysis (delta and dividend) to remain within the agreed limits. The delta and dividend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure of the desk at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.53pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.31pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk in the Volatility Performance Fund is managed both by risk sensitivity analysis and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stress testing to remain within the agreed limits. The stress exposure for the Volatility Performance Fund <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as at December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.31pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 278.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 354.74pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.52pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Hedging and Investment Solutions segment<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 394pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Hedging and Investment Solutions segment offers bespoke hedging solutions in the form of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customised OTC derivatives and includes the structured notes issuance program. The market risk profile <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the business is managed via risk sensitivities according to the prevailing risk factors of issued products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and hedges. This is monitored and controlled daily on a net risk profile for each desk and supported by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional stress concentration and scenario-based analyses. Sensitivity analysis measures the impact of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual market factor movements on specific instruments or portfolios, including the key risks per asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">class as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Commodity risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Equity risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 532pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign exchange risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Credit spread risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 598pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Crypto currency risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Risk sensitivity limits together with scenario stresses are used to manage the market risk for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions segment given the inherent complexity of its products. The products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">traded within this segment gives rise to a number of different market risk exposures, commonly known as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the &#8220;greeks&#8221;, e.g. delta, gamma, vega. Within each asset class, and in aggregate across the segment, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market risks are captured, measured, monitored and limited within the risk limits agreed with the Market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk function.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">173<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The net equity market risk exposure to customised OTC derivatives, which includes structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notes issuance, within Hedging and Investment Solutions, including hedges, using the delta measure for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the year ending December 31, 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 297.55pt; position: var(--position); text-decoration: none; white-space: pre;">$8.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 325.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.21pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 401.98pt; position: var(--position); text-decoration: none; white-space: pre;">$0.5m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 429.76pt; position: var(--position); text-decoration: none; white-space: pre;">). Risks on other asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">classes are small.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.43pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Sensitivity measures are used to monitor the market risk positions within each risk type, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granular risk limits are set for each desk with consideration for market liquidity, customer demand and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital constraints among other factors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Risk sensitivity calculations are made using a dedicated Risk Engine, whose models have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">validated. They are calculated by altering a risk factor and repricing all products to observe the profit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss impact of the change.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group issues products on cryptocurrencies, primarily Bitcoin and Ethereum. There are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">residual exposures in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 169.23000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">four<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 186.45pt; position: var(--position); text-decoration: none; white-space: pre;"> other cryptocurrencies, driven from <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.41pt; position: var(--position); text-decoration: none; white-space: pre;">two<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 361.96pt; position: var(--position); text-decoration: none; white-space: pre;"> structured notes previously issued. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposures to cryptocurrencies are detailed in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.88pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1341">19</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 307pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i8363ce77baf54dbc8f462b2b1ad7d103"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s policy is to minimise volatility as a result of foreign currency exposure. We monitor <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">net exposure in foreign currencies on a daily basis and buy or sell currency to minimise the exposure. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also enter into hedges for material future dated non-USD commitments through the use of derivative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments, which may be designated as cash flow hedge relationships in accordance with the Group's <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounting policy. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The associated gains and losses on derivatives that are used to hedge GBP commitments are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in other comprehensive income and will be recycled when the anticipated commitments take <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">place and included in the initial cost of&#160;the&#160;hedged commitments. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 406pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As at December 31, 2024, the aggregate amount of gains/(losses) under foreign exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forward contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future commitments is a loss of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 212.49pt; position: var(--position); text-decoration: none; white-space: pre;">$1.8m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.27pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 274.15pt; position: var(--position); text-decoration: none; white-space: pre;">$2.9m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.93pt; position: var(--position); text-decoration: none; white-space: pre;"> gain<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 323.6pt; position: var(--position); text-decoration: none; white-space: pre;">). It is anticipated that these commitments will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 442pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">become due monthly over the course of the next twelve months, at which time&#160;the amount deferred in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity will be recycled to profit and loss.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 248.06pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As at December 31, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 224.09pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 235.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> ineffectiveness (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 343.35pt; position: var(--position); text-decoration: none; white-space: pre;">nil<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 353.35pt; position: var(--position); text-decoration: none; white-space: pre;">) has been recognised in profit and loss <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arising from the hedging of these future dated GBP commitments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For additional information, see Note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.07pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.19pt; position: var(--position); text-decoration: none; white-space: pre;"> to our consolidated financial statements for the year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ended December 31, 2024 included elsewhere in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 544pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Interest <span style="display: inline-block; height: 7.28pt;"></span><span id="i76a10f9508ae49579670b69e663a272c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 110.87pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 129.21pt; position: var(--position); text-decoration: none; white-space: pre;"> risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group is exposed to interest rate risk on cash, investments, derivatives, client balances and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bank borrowings. The main interest rate risk is derived from interest-bearing deposits in which the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">invests surplus funds and bank borrowings, although the Group&#8217;s exposure to interest rate fluctuations is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limited through the offset that exists between the bulk of its interest-bearing assets and interest-bearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities. Since the return paid on client liabilities is generally reset to prevailing market interest rates on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an overnight basis, the Group is only exposed for the time it takes to reset its investments which are held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 638pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at rates fixed for a maturity which does not exceed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 297.49pt; position: var(--position); text-decoration: none; white-space: pre;">three months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 355.82pt; position: var(--position); text-decoration: none; white-space: pre;">, with the exception of US Treasuries, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which have a maturity of up&#160;to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.51pt; position: var(--position); text-decoration: none; white-space: pre;">two years<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.28pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s risk management strategy is to reduce the volatility in the Group&#8217;s interest receipts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">owing to changes in the short term reference rate for the Group&#8217;s short term deposits. As such, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management monitors the reference rates to ensure that any adverse changes in the reference rate does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not adversely affect the Group&#8217;s earnings. During 2024, to hedge against future perceived interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">174<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">headwinds, the Group entered into a series of interest rate swaps in USD and EUR to ensure a smoother <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profile of interest rate returns. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.09pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has designated certain interest rate swaps as hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments and the associated gains and losses on the interest rate swaps hedging future interest cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">flows are recognised in other comprehensive income. The following table details the interest rate swap <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts (within derivatives on the statement of financial position) that are designated in hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationships<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.12pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has interest rate exposure related to the changes in the short term reference rate on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s overnight deposits. The Group has entered into interest rate swap contracts to hedge the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interest rate risk arising from the deposits, which are designated as cash flow hedges. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 200pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As at December 31, 2024, the aggregate amount of gains/(losses) under foreign exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 212pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forward contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future commitments is a loss of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 212.49pt; position: var(--position); text-decoration: none; white-space: pre;">$24.6m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 245.83pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 285.27pt; position: var(--position); text-decoration: none; white-space: pre;">nil<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.27pt; position: var(--position); text-decoration: none; white-space: pre;">). As at December 31, 2024 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.68pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 430.8pt; position: var(--position); text-decoration: none; white-space: pre;"> ineffectiveness has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">been recognised in profit and loss arising from the hedging of these future dated GBP commitments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.67pt; position: var(--position); text-decoration: none; white-space: pre;">nil<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.67pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s exposures to interest rate risk arise from financial assets and liabilities measured at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also have an impact on the Group&#8217;s net interest income. The overarching risk objective is to match the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for residual exposures.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk arising from financial assets and financial liabilities measured at fair value within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our trading portfolio is&#160;managed as part of the market risk management framework. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk arising from financial assets and financial liabilities measured at fair value within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our trading portfolio is managed as part of the market risk management framework.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s approach to issued debt securities, including medium-term note programs, is to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">convert fixed rate coupons to floating rates of interest to match predominantly floating interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">earning assets. This is typically achieved using interest rate derivatives, which are designated as fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value hedge relationships in accordance with the Group&#8217;s accounting policy. The interest rate risk of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments is managed by approved risk limits, which consider credit quality and duration.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s objective is to reduce the volatility of net interest income arising from client-driven <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances (e.g. cash deposits to meet margin requirements), which can be remunerated on a fixed or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">floating (spread) basis. Interest rate exposure arises from fixed rate client interest terms, where the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corresponding assets yield a floating rate of interest at an exchange, bank account and investments. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 526pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group has entered into a rolling portfolio of interest rate swaps, for a portion of relevant client balances, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 538pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which are designated as fair value hedges in accordance with the Group accounting policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 560pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The interest rate movements are monitored for potential impact to net interest income ('NII') <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 572pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continuously. The Group is sensitive to movements in short term rates, as changes to the rate will require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 584pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a rebalancing of any fixed rate exposure. The Group considers that short term rates include rates that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 596pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference periods between overnight and three months on the basis that these are the most common <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fixing periods for interest rate products. The interest rate exposure is managed using a variety of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments and is exposed to material changes in the short term rates as these are likely to reflect fixing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">periods during which floating rate exposure is effectively fixed until the next fixing date is reached. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 644pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Analysis of recent changes to short term rates suggest that movements are usually within a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477.46pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.14pt; position: var(--position); text-decoration: none; white-space: pre;">bps <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 656pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">range; this is based on a review of Fed Funds rate moves over a rolling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.15pt; position: var(--position); text-decoration: none; white-space: pre;">3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394.71pt; position: var(--position); text-decoration: none; white-space: pre;">-month period between January <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2022 and September 2023 and as such, the Group has considered a movement of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 439.22pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 455.9pt; position: var(--position); text-decoration: none; white-space: pre;">bps to be an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extreme scenario over a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.99pt; position: var(--position); text-decoration: none; white-space: pre;">3<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.55pt; position: var(--position); text-decoration: none; white-space: pre;">-month period. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">175<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has modelled the interest rate sensitivity to include the impact of rate movements on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the income earned on average investment balances offset with expenses paid on interest bearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities and debt funding. This reflects the proportion of client assets which are interest bearing and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">average balances of our debt funding. The sensitivity analysis has been determined based on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure at the reporting date and does not include effects that may arise from increased margin calls at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges, changes in client behaviour or related management actions.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">It is estimated, that as at December 31, 2024, if the relevant short term interest rates had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.68pt; position: var(--position); text-decoration: none; white-space: pre;">bps higher, NII on interest-bearing financial assets and financial liabilities for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 31, 2024 would increase by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 245.34pt; position: var(--position); text-decoration: none; white-space: pre;">$17m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 270.35pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.23pt; position: var(--position); text-decoration: none; white-space: pre;">$38m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 329.24pt; position: var(--position); text-decoration: none; white-space: pre;">). If&#160;the short-term interest rates had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">100<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.68pt; position: var(--position); text-decoration: none; white-space: pre;">bps lower, NII for interest-bearing financial assets and financial liabilities for the year ended December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31, 2023 would decrease by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$17m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 224.8pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.68pt; position: var(--position); text-decoration: none; white-space: pre;">$38m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 283.69pt; position: var(--position); text-decoration: none; white-space: pre;">). This impact relates solely to NII and does not include <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the impact of compensation or taxes which would reduce the impact on profit after tax.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 236pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">For additional information, see Note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.07pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.19pt; position: var(--position); text-decoration: none; white-space: pre;"> to our consolidated financial statements included <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">elsewhere in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value hedge<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">At December 31, 2024, the Group had an interest rate swap and a cross currency swap <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreement in place with a notional amount of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.64pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;300m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.21000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> whereby the Group receives SOFR + <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.87pt; position: var(--position); text-decoration: none; white-space: pre;">6.1%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 496.65pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$327.3m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> in return for <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 167.53pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;300m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.1pt; position: var(--position); text-decoration: none; white-space: pre;"> and paying fixed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.43pt; position: var(--position); text-decoration: none; white-space: pre;">8.375%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">. The interest rate swap and cross currency swap <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are being used to hedge the exposure to changes in the fair value of the fixed rate <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 436.96pt; position: var(--position); text-decoration: none; white-space: pre;">8.375%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 470.86pt; position: var(--position); text-decoration: none; white-space: pre;"> senior debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuance.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">At December 31, 2024, the Group also had an interest rate swap with a notional amount of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$600.0m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> whereby the Group receives the fixed rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 313.07pt; position: var(--position); text-decoration: none; white-space: pre;">6.404%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.97pt; position: var(--position); text-decoration: none; white-space: pre;"> and pays the floating rate of SOFR + <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.5751%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 111.46000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">. The risk being hedged is the exposure to changes in the fair value of the fixed-rate senior bond <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuance due to fluctuations in market interest rates.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There is an economic relationship between the hedged items and the hedging instruments as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms of the interest rate swap match the terms of the fixed rate loan (i.e. notional amount, maturity, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payment and reset dates). The Group has established a hedge ratio of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.67pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.23pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.56pt; position: var(--position); text-decoration: none; white-space: pre;"> for the hedging relationships <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as the underlying risk of the interest rate swap is identical to the hedged risk component. To test the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedge effectiveness, the Group uses the hypothetical derivative method and compares the changes in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value of the hedging instrument against the changes in the fair value of the hedged item attributable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the hedged risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 514pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Hedge ineffectiveness can arise from: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">different interest rate curve applied to discount the hedged item and hedging instrument;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">differences in timing of cash flows of the hedged item and hedging instrument;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the counterparties&#8217; credit risk differently impacting the fair value movements of the hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">instrument and hedged item.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Concentration risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i7c20c057242947978a1bac582b9db59f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">To mitigate the concentration of credit risk exposure to a particular single customer, counterparty <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or group of affiliated customers or counterparties, the Group monitors these exposures carefully and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ensures that these remain within pre-defined limits. Large exposure limits are determined in accordance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with appropriate regulatory rules. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">176<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Further concentration risk controls are in place to limit exposure to clients or counterparties within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">single countries of origin and operation through specific country credit risk limits as set by the Board Risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of cash balances as at December 31, 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 436.86pt; position: var(--position); text-decoration: none; white-space: pre;">44%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 456.87pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 490.75pt; position: var(--position); text-decoration: none; white-space: pre;">46%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 510.76pt; position: var(--position); text-decoration: none; white-space: pre;">) to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UK-based, AA- rated global banking group (2023: UK-based, AA rated global banking group).<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 482.54pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of exposures to exchanges, clearing houses and other counterparties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as at December 31, 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.54pt; position: var(--position); text-decoration: none; white-space: pre;">32%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 227.55pt; position: var(--position); text-decoration: none; white-space: pre;"> to ICE (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 291.95pt; position: var(--position); text-decoration: none; white-space: pre;">38%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 311.96000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">) and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 337.51pt; position: var(--position); text-decoration: none; white-space: pre;">26%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 357.52pt; position: var(--position); text-decoration: none; white-space: pre;"> to the CME (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 444.14pt; position: var(--position); text-decoration: none; white-space: pre;">38%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.15pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of exposures to treasury instruments is to the United States <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Government as <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.1pt; position: var(--position); text-decoration: none; white-space: pre;">86%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.11pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 196.99pt; position: var(--position); text-decoration: none; white-space: pre;">97%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 217pt; position: var(--position); text-decoration: none; white-space: pre;">) of the instruments are issued by the US Government or a US <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Government sponsored enterprise.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 232pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Liquidity<span style="display: inline-block; height: 7.28pt;"></span><span id="i1e2384035113484d97c2a322ba91c8f4"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 113.6pt; position: var(--position); text-decoration: none; white-space: pre;"> risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 254pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Group defines liquidity risk as the failure to meet its day-to-day capital and cash flow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 266pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements. Liquidity risk is assessed and managed under the Individual Capital and Risk Assessment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 278pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(ICARA) and Liquidity Risk Framework. To mitigate liquidity risk, the Group has implemented robust cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management policies and procedures that monitor liquidity daily to ensure that the Group has sufficient <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 302pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resources to meet its margin requirement at clearing houses and third party brokers. In the event of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity issue arising, the Group has recourse to existing global cash resources, after which it could draw <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">down on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 112.56pt; position: var(--position); text-decoration: none; white-space: pre;">$275m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.13pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.01pt; position: var(--position); text-decoration: none; white-space: pre;">$250m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.58pt; position: var(--position); text-decoration: none; white-space: pre;">) of committed revolving credit facilities (note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407.5pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1359">21(c)</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 430.28pt; position: var(--position); text-decoration: none; white-space: pre;">). The Group has access <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to a further <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 123.08pt; position: var(--position); text-decoration: none; white-space: pre;">$200m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.65pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.53pt; position: var(--position); text-decoration: none; white-space: pre;">$125m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 218.1pt; position: var(--position); text-decoration: none; white-space: pre;">) secured borrowings (note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 339.76pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1359">21(b)</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 363.1pt; position: var(--position); text-decoration: none; white-space: pre;">). The effect of the callable features <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within the structured note program is monitored and dynamically updated to reflect any changes to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expected cashflows as part of the overall Group liquidity requirements. Short term liquidity requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are monitored and subject to limits reflecting the Groups liquidity resources. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">There are strict guidelines followed in relation to products and tenor into which excess liquidity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">can be invested. Excess liquidity is invested in highly liquid instruments, such as cash deposits with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial institutions for a period of less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.61pt; position: var(--position); text-decoration: none; white-space: pre;">three months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 326.94pt; position: var(--position); text-decoration: none; white-space: pre;"> and US Treasuries with a maturity of up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 518.52pt; position: var(--position); text-decoration: none; white-space: pre;">two <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">years<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 96.45pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 454pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The financial liabilities are based upon rates set on a daily basis, apart from the financing of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">warrant positions and the credit facility where the rates are set for the term of the loan. For assets not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">marked to market, there is no material difference between the carrying value and fair value. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 521pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2279"></div><div style="line-height: 10pt; position: var(--position); top: 521pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 12.<span style="display: inline-block; height: 7.28pt;"></span><span id="i63608ac41b8d45f8856ce14c1745b41f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Description of Securities Other Than Equity Securities<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 543pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 565pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2439"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 13.<span style="display: inline-block; height: 7.28pt;"></span><span id="ic753f40ad49c4d26808a460c31ec1979"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Defaults, Dividend <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 215.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">Arrearages<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 268.56pt; position: var(--position); text-decoration: none; white-space: pre;"> and Delinquencies<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 587pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">None. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 609pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3245"></div><div style="line-height: 10pt; position: var(--position); top: 609pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 14.<span style="display: inline-block; height: 7.28pt;"></span><span id="if0a345c5fdfc4877ae352ac535763c56"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Material Modifications to the Rights of Security Holders and Use of Proceeds<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 631pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Material Modifications to Rights of Holders <span style="display: inline-block; height: 7.28pt;"></span><span id="i6f6644f8cd6a400d897dbc53a07c5e2e"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 653pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">None.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 675pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Use of Proceeds<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 697pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">On April 24, 2024, the SEC declared effective our registration statement on Form F-1 (File No. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 709pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231), as amended, filed in connection with our IPO (the &#8220;Registration Statement&#8221;). Pursuant to <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">177<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Registration Statement, we registered the offer and sale of 3,846,153 of our ordinary shares, nominal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value $0.001551 per ordinary share, and certain of our existing shareholders (the &#8220;Selling Shareholders&#8221;) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">offered 11,538,462 of our ordinary shares. We did not receive any proceeds from the sale of ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares by the Selling Shareholders, as defined in the Registration Statement. Barclays Capital Inc., <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goldman Sachs &amp; Co. LLC, Jefferies LLC, Keefe, Bruyette &amp; Woods, Inc., Citigroup Global Markets Inc., <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UBS Securities LLC, Piper Sandler &amp; Co., HSBC Securities (USA) Inc., Drexel Hamilton, LLC and Loop <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital Markets LLC acted as representatives of the underwriters for the offering.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The offering terminated after the sale of all securities registered pursuant to the Registration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement. As of December 31, 2024, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 241.39pt; position: var(--position); text-decoration: none; white-space: pre;">net<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.28pt; position: var(--position); text-decoration: none; white-space: pre;"> proceeds of $68.3 million from our IPO have been used to for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">working capital and general corporate purposes, with headroom to fund future incremental growth. There <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has been no material change in the expected use of the net proceeds from our IPO as described in our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 214pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">final prospectus, dated April 24, 2024, filed with the pursuant to Rule 424(b) relating to our Registration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 226pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 248pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3264"></div><div style="line-height: 10pt; position: var(--position); top: 248pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 15.<span style="display: inline-block; height: 7.28pt;"></span><span id="i36ccf8a136494b26b8b3cf5eeacbed3f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Controls and Procedures<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A.<span style="display: inline-block; height: 7.28pt;"></span><span id="i2edbe67dd52a479e915238fe12e879e5"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosure Controls and Procedures<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">We maintain disclosure controls and procedures (as that term is defined in Rules&#160;</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 467.2pt; position: var(--position); text-decoration: none; white-space: pre;">13a-15(e)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 510.55pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">&#160;and </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">15d-15(e) <span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.12pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">under the Exchange Act) that are designed to ensure that information required to be disclosed </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">in our reports under the Exchange Act is recorded, processed, summarized and reported within the time </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 328pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">periods specified in the SEC&#8217;s rules and forms and that such information is accumulated and </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 352pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">appropriate, to allow for timely decisions regarding required disclosures. Any controls and procedures, no </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 364pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">matter how well designed and operated, can provide only reasonable assurance of achieving the desired </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">control objectives. </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 398pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">has evaluated the effectiveness of the design and operation of our disclosure controls and procedures as </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">of December&#160;31, 2024. Based upon that evaluation, our Chief Executive Officer and Chief Financial </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Officer concluded that, as a result of the material weakness in our internal control over financial reporting </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">described below, the design and operation of our disclosure controls and procedures were not effective as </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">of December&#160;31, 2024.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">B.<span style="display: inline-block; height: 7.28pt;"></span><span id="ie952643485e84185a7a230758dc44ab1"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Management&#8217;s Annual Report on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 266.75pt; position: var(--position); text-decoration: none; white-space: pre;">Internal<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 302.83000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 305.6pt; position: var(--position); text-decoration: none; white-space: pre;">Control<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 341.11pt; position: var(--position); text-decoration: none; white-space: pre;"> Over Financial Reporting<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 502pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">This Annual Report does not include a report of management&#8217;s assessment regarding internal control <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 513.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 524.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Act)&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.20999999999998pt; position: var(--position); white-space: pre;">or an attestation report of the company&#8217;s registered public accounting firm regarding the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 535.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">effectiveness of our internal control over financial reporting due to a transition period established by rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">of the SEC for newly public companies<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.07pt; position: var(--position); text-decoration: none; white-space: pre;">.&#160;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">C.<span style="display: inline-block; height: 7.28pt;"></span><span id="i06c2516529af4ff5b6790f8addd41931"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Attestation Report of the Registered Public Accounting Firm<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 590pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">This Annual Report does not include an attestation report of our registered public accounting firm </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 602pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">due to a transition period established by rules of the SEC for newly public companies. </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">D.<span style="display: inline-block; height: 7.28pt;"></span><span id="icc982693eb4f455ab44909662e19ad09"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in Internal Control Over Financial Reporting<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 646pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Other than set forth above, there were no changes in our internal control over financial reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 658pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act) that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 670pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occurred during the period covered by this Annual Report that have materially affected, or are reasonably <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 682pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">likely to materially affect, our internal control over financial reporting. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 704pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2463"></div><div style="line-height: 10pt; position: var(--position); top: 704pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16.<span style="display: inline-block; height: 7.28pt;"></span><span id="i1f398e32182d48ad8569d63aff40d3d0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">[Reserved]<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">178<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3280"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16A.<span style="display: inline-block; height: 7.28pt;"></span><span id="id74c673db9b74db884a4924e33e9135e"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Audit Committee Financial Expert<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Board has determined that Sarah Ing is considered an &#8220;audit committee financial expert&#8221; as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">defined in Item&#160;16A of Form&#160;20-F under the Exchange Act. Our Board has also determined that Sarah Ing, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Linda Myers, John Pietrowicz and Konstantin Graf von Schweinitz each satisfies the &#8220;independence&#8221; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements set forth in Rule 10A-3 under the Exchange Act.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 152pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3295"></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16B.<span style="display: inline-block; height: 7.28pt;"></span><span id="iab9d235cc4df43388a1ae5047c0db9b6"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Code of Ethics<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have adopted a Code of Business Conduct and Ethics that applies to all our employees, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">officers and directors. Our Code of Business Conduct and Ethics addresses, among other things, conflicts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of interest, confidential information, company assets, confidentiality, compliance with laws and regulations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and corporate opportunity requirements and the process for reporting violations of the Code of Business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Conduct and Ethics. Our Code of Business Conduct and Ethics is intended to meet the definition of &#8220;code <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of ethics&#8221; under Item 16B of 20-F under the Exchange Act.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We will disclose on our website any amendment to, or waiver from, a provision of our Code of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Business Conduct and Ethics that applies to our directors or executive officers to the extent required <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the rules of the SEC or the Nasdaq. Our Code of Business Conduct and Ethics is available on our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">website at https://www.marex.com. The information contained on or through our website, or any other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">website referred to herein, is not incorporated by reference in this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 326pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We granted no waivers under our Code of Business Conduct and Ethics in 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 348pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3311"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16C.<span style="display: inline-block; height: 7.28pt;"></span><span id="i723c959920c44f53b3de1fba88c9e36e"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Principal<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 168.03pt; position: var(--position); text-decoration: none; white-space: pre;"> Accountant Fees and Services<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following table sets forth, for each of the years indicated, the fees billed by Deloitte LLP, our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 382pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independent registered public accounting firm. : <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 404pt; width: 612pt;"><div style="font-size: 0pt; left: 108pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 371.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 14.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 14.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 371.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 371.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Audit Fees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 50.39pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.32pt; font-style: normal; font-weight: normal; left: 50.970000000000006pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 51.050000000000004pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 51.06pt; position: var(--position); text-decoration: none; white-space: pre;">...............................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 28.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;">10.9<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 28.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;">7.2<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 371.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 371.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Audit Related Fees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 87.61pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 1.18pt; font-style: normal; font-weight: normal; left: 88.19pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 88.47999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 88.52pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.53pt; position: var(--position); text-decoration: none; white-space: pre;">................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;">2.1<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;">3.7<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 371.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 371.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">All Other Fees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 66.48pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 67.64pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 68.22pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 68.36999999999999pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.08pt; font-style: normal; font-weight: normal; left: 68.41pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 68.42999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;">0.0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;">0.0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 371.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 371.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 4.64pt; font-style: normal; font-weight: normal; left: 26.49pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 2.32pt; font-style: normal; font-weight: normal; left: 27.65pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.6pt; font-style: normal; font-weight: normal; left: 28.23pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.16pt; font-style: normal; font-weight: normal; left: 28.38pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Times New Roman', sans-serif; font-size: 0.04pt; font-style: normal; font-weight: normal; left: 28.419999999999998pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #b4b4b4; font-family: 'Times New Roman', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.43pt; position: var(--position); text-decoration: none; white-space: pre;">........................................................................................................................................<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 371.25pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;">13.0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 3pt double #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;">10.9<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 10pt; position: var(--position); top: 504.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The registered business address of Deloitte LLP is 2 New Street Square, London, EC4A 3BZ, United <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Kingdom. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 538.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Audit Fees<span style="display: inline-block; height: 7.28pt;"></span><span id="i42996ef14a7f447db1f9043c8fe650af"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 560.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Audit fees for the years ended December&#160;31, 2023 and 2024 were related to the audit of our consolidated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 572.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and subsidiary financial statements and other audit or interim review services provided in connection with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 584.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statutory and regulatory filings or engagements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Audit Related Fees<span style="display: inline-block; height: 7.28pt;"></span><span id="i583a419f61104bc98301d97b6dc37948"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 628.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Audit related fees for the years ended December 31, 2023 and 2024 relate to services in connection with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 640.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our IPO listing, subsequent public offering of ordinary shares and senior note program issuance.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 662.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Pre-Approval Policies and Procedures<span style="display: inline-block; height: 7.28pt;"></span><span id="ia16366221f474cd4a920d77eae00ab46"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The advance approval of the Audit and Compliance Committee or members thereof, to whom approval <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authority has been delegated, is required for all audit and non-audit services provided by our auditors.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">179<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">All services provided by our auditors are approved in advance by either the Audit and Compliance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee or members thereof, to whom authority has been delegated, in accordance with the Audit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Compliance Committee&#8217;s pre-approval policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 118pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3327"></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16D.<span style="display: inline-block; height: 7.28pt;"></span><span id="i0f02c6edfe5c488b8302f041fbe90246"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Exemptions from the Listing Standards for Audit Committees<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 162pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3341"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16E.<span style="display: inline-block; height: 7.28pt;"></span><span id="i0a3e075956ac49c7a6e224f23cf3d9ae"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Purchases of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 191.37pt; position: var(--position); text-decoration: none; white-space: pre;">Equity<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 221.89pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 224.66pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 272.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> by the Issuer and Affiliated Purchasers<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 198.4pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 465pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 93pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 93pt;"/></tr><tr style="height: 104.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 93.37pt; width: 93pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); white-space: pre;">Period<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 31.52pt; position: var(--position); top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 93pt; position: var(--position); top: 0pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 53.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 63.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 73.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or units) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 93.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">purchased<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186pt; position: var(--position); top: 0pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 63.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 73.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average price paid <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">per<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 93.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">share (or units)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279pt; position: var(--position); top: 0pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(c)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 23.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 33.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 43.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or units) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 53.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">purchased as<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 63.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">part of publicly<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 73.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">announced plans <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 93.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">programs<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 372pt; position: var(--position); top: 0pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(d)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 13.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Maximum number <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 23.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 33.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">approximate dollar<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 43.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">value) of shares (or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 53.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">units) that may yet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 63.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">be<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 73.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">purchased under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 83.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 93.37pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">plans or programs<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 104.25pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 45.91pt; position: var(--position); text-decoration: none; white-space: pre;">6/27/2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 93pt; position: var(--position); top: 104.25pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 65.36pt; position: var(--position); text-decoration: none; white-space: pre;">8,343<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 186pt; position: var(--position); top: 104.25pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 65.36pt; position: var(--position); text-decoration: none; white-space: pre;">19.05<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279pt; position: var(--position); top: 104.25pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 84.81pt; position: var(--position); text-decoration: none; white-space: pre;">0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; border-left: 1pt solid #000; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 372pt; position: var(--position); top: 104.25pt; width: 93pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 93pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 84.81pt; position: var(--position); text-decoration: none; white-space: pre;">0<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 323.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 3.9000000000000004pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">1.<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">The Employee Benefit Trust (&#8216;EBT&#8217;) of the Company, an affiliate of the Company which holds unencumbered ordinary shares that may be used to satisfy incentive <span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 454.96999999999997pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">arrangements<span style="display: inline-block; height: 3.7830000000000004pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 487.03pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">, acquired ordinary <span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 333pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; top: -2.037pt; vertical-align: super; white-space: pre;">shares from an employee on the date and in the amount specified in the table above.&#160; <span style="display: inline-block; height: 3.7830000000000004pt;"></span></span></div><div style="position: absolute; top: 352.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3358"></div><div style="line-height: 10pt; position: var(--position); top: 352.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16F.<span style="display: inline-block; height: 7.28pt;"></span><span id="i7dee0347d3f14c3190c073bf6e5d9359"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Change in Registrant&#8217;s Certifying Accountant<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 374.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">None.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 396.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3376"></div><div style="line-height: 10pt; position: var(--position); top: 396.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16G.<span style="display: inline-block; height: 7.28pt;"></span><span id="i98754fa5cba248f09bf874e2e69a27de"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate Governance<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 418.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We are a &#8220;foreign private issuer&#8221; As a &#8220;foreign private issuer,&#8221; as defined by the SEC, we are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permitted to follow home country corporate governance practices, instead of certain corporate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 442.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">governance practices required by Nasdaq for domestic issuers. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 464.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We intend to rely on this foreign private issuer exemption with respect to the following <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 476.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5620(c) regarding quorum requirements applicable to meetings of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">shareholders. Such quorum requirements are not required under English law. In </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">accordance with generally accepted business practice, our amended and restated </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">articles of association and the Companies Act provide alternative quorum requirements </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 546.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">that are generally applicable to meetings of shareholders.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5635(c) regarding shareholder approval requirements for the issuance of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">securities in connection with a stock option or purchase plan that is established or </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">materially amended or other equity compensation arrangement is made or materially </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 604.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">amended.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5635(d) regarding shareholder approval requirements for the issuance of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 638.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">more than 20% of the outstanding ordinary shares of the issuer.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 660.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5605(d)(2), which requires that a listed company must have a remuneration </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">committee composed entirely of independent directors and that they satisfy the additional </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">independence requirements specific to remuneration committee membership set forth in </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 696.6pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5605(d)(2).</span><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">180<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq Rule 5605(e), which requires that director nominees must either be selected, or </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">recommended for the board&#8217;s selection, either by independent directors constituting a </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">majority of the board&#8217;s independent directors in a vote in which only independent </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">directors participate, or a nomination committee comprised solely of independent </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">directors.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Except as stated above, we intend to comply with the rules generally applicable to U.S. domestic </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">companies listed on Nasdaq. We may in the future decide to use other foreign private issuer exemptions </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 166pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">with respect to some or all of the other Nasdaq listing requirements. Following our home country </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 178pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">governance practices, as opposed to the requirements that would otherwise apply to a company listed on </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 190pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Nasdaq, may provide less protection than is accorded to investors under Nasdaq listing requirements </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 202pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">applicable to domestic issuers.</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 208.1pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 224pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3392"></div><div style="line-height: 10pt; position: var(--position); top: 224pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16H.<span style="display: inline-block; height: 7.28pt;"></span><span id="idace558316cc4f78bf77af70c6c16525"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Mine Safety Disclosure<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 268pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3406"></div><div style="line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16I.<span style="display: inline-block; height: 7.28pt;"></span><span id="ifcfdcc0b4838442eaa6c061453066466"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosure Regarding Foreign Jurisdictions That Prevent Inspections<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 290pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Not applicable. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 312pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3420"></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16J.<span style="display: inline-block; height: 7.28pt;"></span><span id="id95252ede2e646a08dd8b9c4f0c34a6f"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Insider Trading Policies<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.03pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="ecd:InsiderTrdPoliciesProcAdoptedFlag" format="ixt:fixed-true" id="f-43">adopted</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 186.16pt; position: var(--position); text-decoration: none; white-space: pre;">&#160;an Insider Trading&#160;policy governing the purchase, sale, and other dispositions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 346pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of our securities by directors, executive officers and employees. A copy of our insider trading&#160;policy is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 358pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attached as an exhibit to this Annual Report.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 380pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3465"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 380pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 16K.<span style="display: inline-block; height: 7.28pt;"></span><span id="i1ebb425c3c864b448453be537d1901f1"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Cybersecurity<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk Management and Strategy<span style="display: inline-block; height: 7.28pt;"></span><span id="i1dc8d9834fd04d81a0c3b56e27bab0de"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock" id="f-44" continuedAt="f-44-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Marex recognizes the importance of managing cybersecurity risks and protecting information <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-44-1" continuedAt="f-44-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">across our enterprise. To address these priorities, data protection and cybersecurity risk management are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 448pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">embedded into Marex&#8217;s operations and overall enterprise risk management framework, and shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">common methodologies, reporting channels and governance processes that apply across the risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 472pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management program to other legal, compliance, strategic, operational, and financial risk areas.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As part of this approach, we have <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 259.07pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementProcessesIntegratedFlag" format="ixt:fixed-true" id="f-45">implemented</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 316.3pt; position: var(--position); text-decoration: none; white-space: pre;"> a layered cybersecurity risk management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">program intended to assess, identify, and manage cybersecurity risks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementProcessesIntegratedTextBlock" id="f-46" continuedAt="f-46-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our cybersecurity program draws on the National Institute of Standards and Technology (NIST) <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-46-1" continuedAt="f-46-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Framework, ISO 27001, and industry best practices. This does not imply that we meet any particular <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technical standards, specifications, or requirements, only that we use the above standards as a guide to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">help us identify, assess, and manage cybersecurity risks relevant to our business. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Key elements of our cybersecurity risk management program include but are not limited to the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 607.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Risk assessments designed to help identify material risks from cybersecurity threats to our critical <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 619.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">systems and information;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 641.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">A security team principally responsible for managing (1) our cybersecurity risk assessment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 653.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">processes, (2) our security controls, and (3) our response to cybersecurity incidents;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 675.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Cybersecurity awareness training of our employees, including incident response personnel, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 687.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">senior management; <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">181<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><ix:continuation id="f-44-2"><ix:continuation id="f-46-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">We employ a variety of tools and processes aimed at preventing, detecting, escalating, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">investigating, resolving, and recovering from identified vulnerabilities and security incidents in a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">timely manner. These include monitoring and detection systems, internal reporting mechanisms, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and other security controls;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">A cybersecurity incident response plan that includes procedures for responding to cybersecurity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">incidents;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">We also engage independent industry-recognized service providers and consultants, where <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">appropriate, to assess, test, monitor or otherwise assist with aspects of our security processes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and controls <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Recognizing that <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag" format="ixt:fixed-true" id="f-47"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementThirdPartyEngagedFlag" format="ixt:fixed-true" id="f-48">third-party</ix:nonNumeric></ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 228.23pt; position: var(--position); text-decoration: none; white-space: pre;"> vendors and service providers are a critical component of our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">operations, we have implemented a third-party risk management program. This program includes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity risk assessments for vendors before onboarding and periodic evaluations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">commensurate to their criticality and risk profile.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 268pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">As disclosed, in January 2023, ION, the third party on whom we rely as our back-office provider, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 280pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was subject to a cyberattack, which suspended access to trade management and reporting systems. To <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our knowledge, no Personal Information was lost or exfiltrated and ION implemented a number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 304pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measures designed to prevent future cyberattacks, including Multi Factor Authentication (MFA) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 316pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enforcement for all clients and CrowdStrike. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on our assessment, the incident has <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag" format="ixt:fixed-false" id="f-49">not had a material impact</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 414.07pt; position: var(--position); text-decoration: none; white-space: pre;"> or affect on (nor will it in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future materially impact or affect) us, including our operations, business strategy, results of operations, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial condition. We have not identified risks from other existing cybersecurity threats that have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">materially affected us, including our operations, business strategy, results of operations, or financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">condition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">us, including our operations, business strategy, results of operations, or financial condition. See &#8220;Risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Factors &#8211; If we or our third-party providers fail to protect or IT Systems of Confidential Information this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">could, among other things, limit our ability to conduct our operations and lead to legal liability, material <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial penalties, or damage to our reputation, which could materially affect our business, results of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations, and financial condition.&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Governance <span style="display: inline-block; height: 7.28pt;"></span><span id="ie7138f3a658848e4b24e4ac3bb20b204"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 512pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" id="f-51" continuedAt="f-51-1" escape="true"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskBoardOfDirectorsOversightTextBlock" id="f-50" continuedAt="f-50-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></ix:nonNumeric></div><ix:continuation id="f-50-1" continuedAt="f-50-2"><ix:continuation id="f-51-1" continuedAt="f-51-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group Risk Committee (the &#8220;Committee&#8221;) oversight of cybersecurity and other information technology <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risks. The Committee oversees management&#8217;s implementation of our cybersecurity risk management <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-51-2">program.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" id="f-52" continuedAt="f-52-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Committee receives quarterly reports from management on our information technology and <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-52-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity risks. In addition, management updates the Committee, where it deems appropriate, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regarding cybersecurity incidents it considers to be significant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 616pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock" id="f-53" continuedAt="f-53-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.99pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag" format="ixt:fixed-true" id="f-54">Committee</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.31pt; position: var(--position); text-decoration: none; white-space: pre;"> reports to the Board regarding its activities, including those related to <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-53-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 628pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity. The Board also receives briefings from management on our cyber risk management <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 640pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">program. Board members receive presentations on cybersecurity topics from our Head of Information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 652pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Security, internal security staff or external experts as part of the Board&#8217;s continuing education on topics <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 664pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that impact public companies.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 686pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock" id="f-56" continuedAt="f-56-1" escape="true"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskRoleOfManagementTextBlock" id="f-55" continuedAt="f-55-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our management team, including <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.53999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag" format="ixt:fixed-true" id="f-57">CTO, COO &amp; CRO</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 342.15999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">, is responsible for assessing and managing <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></ix:nonNumeric></div><ix:continuation id="f-55-1" continuedAt="f-55-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 698pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-56-1">our material risks from cybersecurity threats.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 271.19pt; position: var(--position); text-decoration: none; white-space: pre;">The team has primary responsibility for our overall <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 710pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity risk management program and supervises both our internal cybersecurity personnel and <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">182<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><ix:continuation id="f-55-2" continuedAt="f-55-3"><ix:continuation id="f-50-2" continuedAt="f-50-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our retained external cybersecurity consultants. <span style="display: inline-block; height: 7.28pt;"></span></span><ix:nonNumeric contextRef="c-1" name="cyd:CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock" id="f-58" continuedAt="f-58-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.2pt; position: var(--position); text-decoration: none; white-space: pre;">Our management team&#8217;s experience has over 20 years of <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-58-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">industry experience each.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Our management team supervises efforts to prevent, detect, mitigate, and remediate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cybersecurity risks and incidents through various means, which may include briefings from internal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 130pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">security personnel; threat intelligence and other information obtained from governmental, public or private <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 142pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sources, including external consultants engaged by us; and alerts and reports produced by security tools <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 154pt; width: 612pt;"><ix:continuation id="f-55-3"><ix:continuation id="f-50-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deployed in the IT environment.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.8pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 198pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2529"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 17.<span style="display: inline-block; height: 7.28pt;"></span><span id="id557655c2b7841c78936ed07dd83d29c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Financial <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 171.91pt; position: var(--position); text-decoration: none; white-space: pre;">Statements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 220pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">We have provided financial statements pursuant to Item 18.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 242pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3434"></div><div style="line-height: 10pt; position: var(--position); top: 242pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Item 18.<span style="display: inline-block; height: 7.28pt;"></span><span id="i3281b9f69e3d4bf6b45a6c61a606fe89"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Statements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The audited consolidated financial statements as required under Item 18 are attached hereto <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">starting on page F-1 of this Annual Report. The audit report of Deloitte LLP, an independent registered <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">public accounting firm, is included herein preceding the audited consolidated financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 310pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3448"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 310pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">Item 19.<span style="display: inline-block; height: 7.28pt; width: 16.64pt;"></span></span><span id="ibb86cfc9dee3479ca6394844496fc299"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 125.85pt; position: var(--position); text-decoration: none; white-space: pre;">Exhibits<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The following are filed as exhibits hereto:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 354pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 167.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 35.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 0pt; width: 250.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 250.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 130.98pt; position: var(--position); text-decoration: none; white-space: pre;">Incorporation by Reference<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.26pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 17.65pt; position: var(--position); text-decoration: none; white-space: pre;">Exhibit <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 33.14pt; position: var(--position); text-decoration: none; white-space: pre;">No.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 12.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 167.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 115.17pt; position: var(--position); text-decoration: none; white-space: pre;">Description<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 12.75pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 10.14pt; position: var(--position); text-decoration: none; white-space: pre;">Form<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 12.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 24.9pt; position: var(--position); text-decoration: none; white-space: pre;">File No.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 12.75pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.26pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.15pt; position: var(--position); text-decoration: none; white-space: pre;">Exhibit <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 22.64pt; position: var(--position); text-decoration: none; white-space: pre;">No.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 12.75pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 16.67pt; position: var(--position); text-decoration: none; white-space: pre;">Filing Date<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.26pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 21.64pt; position: var(--position); text-decoration: none; white-space: pre;">Filed /<span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 4.17pt; position: var(--position); text-decoration: none; white-space: pre;">Furnished<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524077567/d551881dex31.htm">1.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 36.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524077567/d551881dex31.htm">Amended and Restated Articles of </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524077567/d551881dex31.htm">Association of Marex Group plc</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 36.75pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 36.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 36.75pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.62pt; position: var(--position); text-decoration: none; white-space: pre;">3.1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 36.75pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 26, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit21.htm">2.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 60pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit21.htm">Description of Securities</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit22.htm">2.2</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 72.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit22.htm">Shareholders&#8217; Agreement by and among </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit22.htm">the Registrant and certain shareholders </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit22.htm">of the Registrant</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 72.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit23.htm">2.3</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 108pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit23.htm">Registration Rights Agreement by and </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit23.htm">among the Registrant and certain </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit23.htm">shareholders of the Registrant</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 143.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">2.4</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 143.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">Senior Indenture dated as of October </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">15, 2024 between Marex Group plc and </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">Citibank, N.A., as trustee</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 143.25pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 143.25pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-282656<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 143.25pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.62pt; position: var(--position); text-decoration: none; white-space: pre;">4.1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 143.25pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.13pt; position: var(--position); text-decoration: none; white-space: pre;">October 22, <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 22.62pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 178.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">2.5</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 178.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">Form of Master Global Note (included in </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524241150/d835566dex41.htm">2.4 above)</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 178.5pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 178.5pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-282656<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 178.5pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 13.62pt; position: var(--position); text-decoration: none; white-space: pre;">4.2<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 178.5pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.13pt; position: var(--position); text-decoration: none; white-space: pre;">October 22, <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 22.62pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex103.htm">4.1</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000117891322000725/exhibit_4-1.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 201.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex103.htm">Form of Deed Indemnity</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 201.75pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 201.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 201.75pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">10.3<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 201.75pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex104.htm">4.2</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000117891322000725/exhibit_4-2.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 214.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex104.htm">Marex Group plc Retention Long Term </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex104.htm">Incentive Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 214.5pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 214.5pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 214.5pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">10.4<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 214.5pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex105.htm">4.3</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000104746919003139/a2238508zex-10_3.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 237.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex105.htm">Marex Group plc 2021 Deferred Bonus </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex105.htm">Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 237.75pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 237.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 237.75pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">10.5<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 237.75pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 261pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex106.htm">4.4</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000104746919003413/a2238869zex-10_8.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 261pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex106.htm">Marex Group plc 2022 Deferred Bonus </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex106.htm">Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 261pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 261pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 261pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">10.6<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 261pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 284.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex107.htm">4.5</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex107.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 284.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex107.htm">Long-Term Incentive Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 284.25pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 284.25pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 284.25pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">10.7<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 284.25pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 297pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524117875/d824132dex995.htm">4.6</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000117891320002551/exhibit_99-1.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 297pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524117875/d824132dex995.htm">Marex Group plc Global Omnibus Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 297pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.63pt; position: var(--position); text-decoration: none; white-space: pre;">S-8<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 297pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278953<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 297pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">99.5<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 297pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 26, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1010.htm">4.7</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000117891320002551/exhibit_99-1.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 309.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1010.htm">Marex Group Limited 2007 Employee </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1010.htm">Share Purchase Plan, as amended on </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1010.htm">April 10, 2024</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 309.75pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 309.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 309.75pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 8.62pt; position: var(--position); text-decoration: none; white-space: pre;">10.12<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 309.75pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 345pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1011.htm">4.8</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 345pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524095620/d551881dex1011.htm">Form of Company Lock-up Agreement</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 345pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.88pt; position: var(--position); text-decoration: none; white-space: pre;">F-1<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 345pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278231<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 345pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 8.95pt; position: var(--position); text-decoration: none; white-space: pre;">10.11<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 345pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 15, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">183<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 167.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 35.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524117875/d824132dex996.htm">4.9</a><span style="display: inline-block; height: 6.55pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 5.8500000000000005pt; font-style: normal; font-weight: normal; left: 29.75pt; position: var(--position); text-decoration: underline; top: -2.2925pt; vertical-align: super; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1762301/000117891320002551/exhibit_99-1.htm">&#8224;</a><span style="display: inline-block; height: 4.2575pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 0pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524117875/d824132dex996.htm">Marex Group plc Employee Share </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="https://www.sec.gov/Archives/edgar/data/1997464/000119312524117875/d824132dex996.htm">Purchase Plan</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 217.5pt; position: var(--position); top: 0pt; width: 35.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 35.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.63pt; position: var(--position); text-decoration: none; white-space: pre;">S-8<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 6pt; position: var(--position); text-decoration: none; white-space: pre;">333-278953<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 39.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 11.12pt; position: var(--position); text-decoration: none; white-space: pre;">99.6<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 352.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.89pt; position: var(--position); text-decoration: none; white-space: pre;">April 26, 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 23.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 18.87pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit81.htm">8.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 23.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit81.htm">List of Subsidiaries.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 46.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.7pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit111.htm">11.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 46.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit111.htm">Insider Trading Policy</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 46.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3500">12.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 59.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3500">Principal Executive Officer Certification </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3500">Pursuant to Section 302 of the </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3500">Sarbanes-Oxley Act of 2002.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 59.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 94.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3542">12.2</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 94.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3542">Principal Financial Officer Certification </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3542">Pursuant to Section 302 of the </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3542">Sarbanes-Oxley Act of 2002.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 94.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3557">13.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 129.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3557">Principal Executive Officer Certification </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3557">Pursuant to Section 906 of the </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3557">Sarbanes-Oxley Act of 2002.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 129.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 21.62pt; position: var(--position); text-decoration: none; white-space: pre;">**<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 35.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3572">13.2</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 165pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3572">Principal Financial Officer Certification </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3572">Pursuant to Section 906 of the </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3572">Sarbanes-Oxley Act of 2002.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 21.62pt; position: var(--position); text-decoration: none; white-space: pre;">**<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 200.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit151.htm">15.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 200.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit151-consentofdelo.htm">Consent of Deloitte LLP, an independent </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit151-consentofdelo.htm">registered public accounting firm.</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 200.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 16.37pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit971.htm">97.1</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 223.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit971.htm">Policy for Recovery of Erroneously </a><span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="exhibit971.htm">Awarded Compensation</a><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 56.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 246.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 8.88pt; position: var(--position); text-decoration: none; white-space: pre;">101.INS<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 246.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Instance Document &#8211; the <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">instance document appear in the <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 24.23pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interactive Data File because its XBRL <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 35.03pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tags are embedded within the Inline <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 45.83pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">XBRL document.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 246.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 303pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 6.88pt; position: var(--position); text-decoration: none; white-space: pre;">101.SCH<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 303pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Taxonomy Extension <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Schema Document.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 303pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 326.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.14pt; position: var(--position); text-decoration: none; white-space: pre;">101.CAL<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 326.25pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Taxonomy Extension <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Calculation Linkbase Document.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 326.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 349.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.38pt; position: var(--position); text-decoration: none; white-space: pre;">101.DEF<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 349.5pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Taxonomy Definition <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Linkbase Document.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 349.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 372.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.14pt; position: var(--position); text-decoration: none; white-space: pre;">101.LAB<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 372.75pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Taxonomy Extension <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Label Linkbase Document.<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 372.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 396pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.13pt; position: var(--position); text-decoration: none; white-space: pre;">101.PRE<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 50.25pt; position: var(--position); top: 396pt; width: 167.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inline XBRL Taxonomy Extension <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 13.43pt; width: 167.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Presentation Linkbase Document<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 396pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 23.37pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 496.25pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 72pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 72pt;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 517pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 3.11pt;">*<span style="display: inline-block; height: 5.82pt; width: 14.89pt;"></span></span><span style="left: 90pt; position: var(--position); width: 51.92pt;">Filed herewith.<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 532.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 6.22pt;">**<span style="display: inline-block; height: 5.82pt; width: 11.78pt;"></span></span><span style="left: 90pt; position: var(--position); width: 70.13pt;">Furnished herewith.<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 548.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position); width: 4.44pt;">&#8224;<span style="display: inline-block; height: 5.82pt; width: 13.56pt;"></span></span><span style="left: 90pt; position: var(--position); width: 249.52pt;">Indicates management contract or compensatory plan or arrangement.<span style="display: inline-block; height: 5.82pt;"></span></span></span></div><div style="line-height: 10pt; position: var(--position); top: 567.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Certain agreements filed as exhibits to this Annual Report contain representations and warranties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 579.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that the parties thereto made to each other. These representations and warranties have been made solely <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 591.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for the benefit of the other parties to such agreements and may have been qualified by certain information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 603.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that has been disclosed to the other parties to such agreements and that may not be reflected in such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 615.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreements. In addition, these representations and warranties may be intended as a way of allocating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 627.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risks among parties if the statements contained therein prove to be incorrect, rather than as actual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 639.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements of fact. Accordingly, there can be no reliance on any such representations and warranties as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 651.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">characterizations of the actual state of facts. Moreover, information concerning the subject matter of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 663.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such representations and warranties may have changed since the date of such agreements.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">184<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3484"></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 273.25pt; position: var(--position); text-decoration: none; white-space: pre;">SIGNATURES<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 92pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 104pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 126pt; width: 612pt;"><div style="font-size: 0pt; left: 67.75pt; position: var(--position); top: 0pt; width: 474pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 238.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 185.25pt;"/></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 0pt; width: 235.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 235.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">MAREX GROUP PLC<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 238.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 238.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 24pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288.75pt; position: var(--position); top: 24pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 37.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Name:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288.75pt; position: var(--position); top: 37.5pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 238.5pt; overflow: hidden; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Title:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 288.75pt; overflow: hidden; position: var(--position); top: 51pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75pt; width: 238.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 238.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288.75pt; position: var(--position); top: 75pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 238.5pt; position: var(--position); top: 88.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Name:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288.75pt; position: var(--position); top: 88.5pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 238.5pt; overflow: hidden; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Title:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 288.75pt; overflow: hidden; position: var(--position); top: 102pt; width: 185.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 185.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Financial Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">185<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3500"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 484.49pt; position: var(--position); text-decoration: underline; white-space: pre;">Exhibit 12.1<span style="display: inline-block; height: 7.28pt;"></span><span id="i3a1ddb7136df4731843498e5b6460eec"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 267.43pt; position: var(--position); text-decoration: underline; white-space: pre;">CERTIFICATION<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 136pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">I, Ian Lowitt, Chief Executive Officer, certify that:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 158pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">I have reviewed this annual report on Form 20-F of Marex Group plc;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on my knowledge, this report does not contain any untrue statement of a material fact or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">omit to state a material fact necessary to make the statements made, in light of the circumstances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">under which such statements were made, not misleading with respect to the period covered by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">this report;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 238pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on my knowledge, the financial statements, and other financial information included in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 250pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">report, fairly present in all material respects the financial condition, results of operations and cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">flows of the company as of, and for, the periods presented in this report;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The company&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 296pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">for the company and have:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">Designed such disclosure controls and procedures, or caused such disclosure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 340pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">controls and procedures to be designed under our supervision, to ensure that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 350pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">material information relating to the company, including its consolidated subsidiaries, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">is made known to us by others within those entities, particularly during the period in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 370pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">which this report is being prepared;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">[omitted];<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 410pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(c)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">Evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">presented in this report our conclusions about the effectiveness of the disclosure <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 430pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">controls and procedures, as of the end of the period covered by this report based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 440pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">such evaluation; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 460pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(d)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosed in this report any change in the company&#8217;s internal control over financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">reporting that occurred during the period covered by the annual report that has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">materially affected, or is reasonably likely to materially affect, the company&#8217;s internal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 490pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">control over financial reporting; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The company&#8217;s other certifying officer(s) and I have disclosed, based on our most recent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">evaluation of internal control over financial reporting, to the company&#8217;s auditors and the audit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">committee of the company&#8217;s board of directors (or persons performing the equivalent functions):<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 556pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">All significant deficiencies and material weaknesses in the design or operation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 568pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">internal control over financial reporting which are reasonably likely to adversely affect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 580pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">the company&#8217;s ability to record, process, summarize and report financial information; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 592pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 614pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">Any fraud, whether or not material, that involves management or other employees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 626pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162pt; position: var(--position); text-decoration: none; white-space: pre;">who have a significant role in the company&#8217;s internal control over financial reporting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 648pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 457.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 225.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 201.75pt;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 225.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 225.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225.75pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 0pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72.84pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 13.5pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 46.18pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 255.75pt; overflow: hidden; position: var(--position); top: 27pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 34.25pt; position: var(--position); text-decoration: none; white-space: pre;">(Principal Executive Officer)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">186<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3542"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 484.49pt; position: var(--position); text-decoration: underline; white-space: pre;">Exhibit 12.2<span style="display: inline-block; height: 7.28pt;"></span><span id="i34795f3cf76b41e69d38b785f8d61b85"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 267.43pt; position: var(--position); text-decoration: underline; white-space: pre;">CERTIFICATION<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">I, Rob Irvin, Chief Financial Officer, certify that:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 136pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">I have reviewed this annual report on Form 20-F of Marex Group plc;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 158pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on my knowledge, this report does not contain any untrue statement of a material fact or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 170pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">omit to state a material fact necessary to make the statements made, in light of the circumstances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 182pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">under which such statements were made, not misleading with respect to the period covered by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 194pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">this report;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Based on my knowledge, the financial statements, and other financial information included in this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">report, fairly present in all material respects the financial condition, results of operations and cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">flows of the company as of, and for, the periods presented in this report;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 262pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The company&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 274pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 286pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">for the company and have:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 308pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">Designed such disclosure controls and procedures, or caused such disclosure controls <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 320pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">and procedures to be designed under our supervision, to ensure that material information <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 332pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">relating to the company, including its consolidated subsidiaries, is made known to us by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 344pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">others within those entities, particularly during the period in which this report is being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 356pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">prepared;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">[omitted];<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 400pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(c)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">Evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 412pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">presented in this report our conclusions about the effectiveness of the disclosure controls <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 424pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">and procedures, as of the end of the period covered by this report based on such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 436pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">evaluation;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 458pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(d)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">Disclosed in this report any change in the company&#8217;s internal control over financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 470pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">reporting that occurred during the period covered by the annual report that has materially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">affected, or is reasonably likely to materially affect, the company&#8217;s internal control over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 494pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">financial reporting; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The company&#8217;s other certifying officer(s) and I have disclosed, based on our most recent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">evaluation of internal control over financial reporting, to the company&#8217;s auditors and the audit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">committee of the company&#8217;s board of directors (or persons performing the equivalent functions):<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 562pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">All significant deficiencies and material weaknesses in the design or operation of internal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 574pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">control over financial reporting which are reasonably likely to adversely affect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 586pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">company&#8217;s ability to record, process, summarize and report financial information; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 608pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">Any fraud, whether or not material, that involves management or other employees who <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 620pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144pt; position: var(--position); text-decoration: none; white-space: pre;">have a significant role in the company&#8217;s internal control over financial reporting.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 664pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 457.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 225.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 201.75pt;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 225.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 225.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225.75pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 0pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 74.22pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 13.5pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.86pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Financial Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 255.75pt; overflow: hidden; position: var(--position); top: 27pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 35.93pt; position: var(--position); text-decoration: none; white-space: pre;">(Principal Financial Officer)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">187<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3557"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 484.49pt; position: var(--position); text-decoration: underline; white-space: pre;">Exhibit 13.1<span style="display: inline-block; height: 7.28pt;"></span><span id="i2980a15e196b48cd9fa99e47c6e6340f"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 229.96pt; position: var(--position); text-decoration: none; white-space: pre;">CERTIFICATION PURSUANT TO<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 175.27pt; position: var(--position); text-decoration: none; white-space: pre;">18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 173.88pt; position: var(--position); text-decoration: none; white-space: pre;">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the Annual Report on Form 20-F of Marex Group plc (the &#8220;Company&#8221;) for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year ended December 31, 2024 as filed with the Securities and Exchange Commission on the date hereof <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(the &#8220;Report&#8221;), I, Ian Lowitt, the Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">my knowledge:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Act of 1934, as amended; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The information contained in the Report fairly presents, in all material respects, the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">condition and results of operations of the Company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 278pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 457.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 225.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 201.75pt;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 225.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 225.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225.75pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 0pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72.84pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Ian Lowitt<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 13.5pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 46.18pt; position: var(--position); text-decoration: none; white-space: pre;">Chief Executive Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 255.75pt; overflow: hidden; position: var(--position); top: 27pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 34.25pt; position: var(--position); text-decoration: none; white-space: pre;">(Principal Executive Officer)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">188<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3572"></div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 484.49pt; position: var(--position); text-decoration: underline; white-space: pre;">Exhibit 13.2<span style="display: inline-block; height: 7.28pt;"></span><span id="icafed15ff117483daef0762119477b79"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 229.96pt; position: var(--position); text-decoration: none; white-space: pre;">CERTIFICATION PURSUANT TO<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 106pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 175.27pt; position: var(--position); text-decoration: none; white-space: pre;">18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 118pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 173.88pt; position: var(--position); text-decoration: none; white-space: pre;">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 140pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the Annual Report on Form 20-F of Marex Group plc (the &#8220;Company&#8221;) for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 152pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year ended December 31, 2024 as filed with the Securities and Exchange Commission on the date hereof <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 164pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(the &#8220;Report&#8221;), I, Rob Irvin, the Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 176pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 188pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">my knowledge:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">Exchange Act of 1934, as amended; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 244pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">The information contained in the Report fairly presents, in all material respects, the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 256pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126pt; position: var(--position); text-decoration: none; white-space: pre;">condition and results of operations of the Company.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 292pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 457.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 225.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 30pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 201.75pt;"/></tr><tr style="height: 13.5pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 225.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 225.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Date: March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 225.75pt; position: var(--position); top: 0pt; width: 30pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 30pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">By:<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 0pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 74.22pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ Rob Irvin<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 255.75pt; position: var(--position); top: 13.5pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 13.45pt; position: var(--position); text-decoration: none; white-space: pre;">President and Chief Financial Officer<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 12pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 12pt; left: 255.75pt; overflow: hidden; position: var(--position); top: 27.75pt; width: 201.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 201.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 35.93pt; position: var(--position); text-decoration: none; white-space: pre;">(Principal Financial Officer)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: -36.77pt; z-index: -9223372036854775806;"><img src="mar-20241231_g5.jpg" alt="P79.jpg" style="height: 865.54pt; width: 612pt;"/></div><div style="left: 0pt; position: var(--position); top: 738.14pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 6.61pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">189<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 68.03pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1064"></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 68.03pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial <span style="display: inline-block; height: 8.73pt;"></span><span id="i92c205cba0f545dca6f7faab75bb96a0"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 127.32pt; position: var(--position); text-decoration: none; white-space: pre;">Statements<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="position: var(--position); top: 94.03pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 432.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 35.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Statements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #5e6671; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 432.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1078">Report of Independent Registered Public Accounting Firm - Deloitte LLP (PCAOB ID No. </a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.64pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:AuditorFirmId" id="f-59">1147</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 417.14pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1078">)</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 14.25pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1078">190</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1109">Consolidated Income Statement</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 28.5pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1109">193</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_2873">Consolidated Statement of Comprehensive Income</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 42.75pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_2873">194</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1119">Consolidated Statement of Financial Position</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 57pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1119">195</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1128">Consolidated Statement of the Changes in Equity</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 71.25pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1128">197</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1137">Consolidated Statement of Cash&#160;Flows</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 85.5pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1137">199</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">Notes to the Consolidated Financial&#160;Statements</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 99.75pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 114pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1518">Company Financial Statements</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 114pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1518">295</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 128.25pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1119">Company Statement of Financial&#160;Position</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 128.25pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_3746">296</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 142.5pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1536">Company Statement of Cash Flows</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 142.5pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1536">297</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 156.75pt; width: 432.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 432.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1545">Notes to the Company Financial&#160;Statements</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #505068; border-top: 0.25pt solid #505068; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 432.75pt; position: var(--position); top: 156.75pt; width: 35.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 35.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.94pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1545">298</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">190<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1078"></div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM<span style="display: inline-block; height: 8.73pt;"></span><span id="i2dc3ed89ac264d8db28a5dce2ece2d3e"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 94pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">To the shareholders and the Board of Directors of Marex Group plc.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 112pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Opinion on the Financial Statements<span style="display: inline-block; height: 8pt;"></span><span id="i264077615d704886afe9050272753c74"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 135.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We have audited the accompanying consolidated statements of financial position of Marex Group plc (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 147.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Company&#8221;) and subsidiaries (the &#8220;Group&#8221;) as of December 31, 2024 and 2023, the related consolidated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 159.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income statements, statements of comprehensive income, changes in equity, and cash flows, for each of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 171.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the three years in the period ended December 31, 2024, and the related notes (collectively referred to as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 183.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 195.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the financial position of the Group as of December 31, 2024 and 2023, and the results of its operations <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 207.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 219.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS Accounting Standards as issued by the International Accounting Standards Board (&#8220;IASB&#8221;).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 237.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Restatement of the Financial Statements<span style="display: inline-block; height: 8pt;"></span><span id="ic597c59f3398496ab3b5b2dd386c6a64"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 260.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">As discussed in Note 36 to the financial statements, the accompanying financial statements have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 272.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restated from previously issued financial statements following changes to correct identified <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 284.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">misstatements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 302.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Basis for Opinion<span style="display: inline-block; height: 8pt;"></span><span id="id32733230d9a45d2a297479da26909c6"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 325.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">These financial statements are the responsibility of the Group&#8217;s management. Our responsibility is to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 337.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">express an opinion on the Group&#8217;s financial statements based on our audits. We are a public accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 349.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 361.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">required to be independent with respect to the Group in accordance with the U.S. federal securities laws <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 373.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 391.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 403.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we plan and perform the audit to obtain reasonable assurance about whether the financial statements are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 415.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">free of material misstatement, whether due to error or fraud. The Group is not required to have, nor were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 427.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 439.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are required to obtain an understanding of internal control over financial reporting but not for the purpose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 451.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of expressing an opinion on the effectiveness of the Group&#8217;s internal control over financial reporting. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 463.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Accordingly, we express no such opinion.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 481.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Our audits included performing procedures to assess the risks of material misstatement of the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 493.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements, whether due to error or fraud, and performing procedures that respond to those risks. Such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 505.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 517.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial statements. Our audits also included evaluating the accounting principles used and significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 529.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimates made by management, as well as evaluating the overall presentation of the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 541.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements. We believe that our audits provide a reasonable basis for our opinion.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 559.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Critical Audit Matters <span style="display: inline-block; height: 8pt;"></span><span id="ie8895697f07b49a6898962b308cb51f9"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 582.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The critical audit matters communicated below are matters arising from the current-period audit of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 594.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial statements that were communicated or required to be communicated to the audit committee and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 606.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 618.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">especially challenging, subjective, or complex judgments. The communication of critical audit matters <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 630.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 642.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">communicating the critical audit matters below, providing separate opinions on the critical audit matters or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 654.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the accounts or disclosures to which they relate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 672.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets - Cowen customer relationship intangible impairment <span style="display: inline-block; height: 7.28pt;"></span><span id="ic0c56bc98e2944a1a5d59f981a63489a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 411.15pt; position: var(--position); text-decoration: none; white-space: pre;">&#8211; Refer to notes 4 and 12 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 684.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the financial statements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 702.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Critical Audit Matter description<span style="display: inline-block; height: 7.28pt;"></span><span id="i0a0c5192e2f140ed8233bed9492bed9d"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">191<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets disclosed in Note 12 include a customer relationship intangible asset acquired through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the acquisition of Cowen's Prime Service and Outsourced Trading Business during 2023 (the &#8220;Cowen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customer relationship intangible asset&#8221;).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">As required by IAS 36 Impairment of Assets, if indicators of impairment exist an impairment test must be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completed, as set out in Note 4. Determining whether the intangible asset is impaired requires an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimation of the recoverable amount of the asset, using the higher of the value in use (&#8220;VIU&#8221;) or fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">less costs to sell, which requires management to make significant estimates and assumptions related to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the revenue growth rate, costs growth rate, customer attrition and useful life. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We identified the Cowen customer relationship intangible asset as a critical audit matter because of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant estimates and assumptions made by management in estimating the recoverable amount and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the sensitivity of the calculation to revenue growth rate, costs growth rate, and customer attrition and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">useful life. This required a high degree of auditor judgement and increased extent of effort, when <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performing audit procedures to evaluate the reasonableness of management&#8217;s estimates and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assumptions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">How the Critical Audit Matter Was Addressed in the Audit <span style="display: inline-block; height: 7.28pt;"></span><span id="ic7a265e09c794c708a28bb44cd819c02"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We performed the following audit procedures, amongst others, over the forecast revenue growth rates, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forecast cost growth rates, and customer attrition and useful life used in the valuation of the Cowen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customer relationship intangible asset: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Inquired with key individuals within Finance, personnel responsible for the budgeting process and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">business heads. We used the outcome of these inquiries to evaluate evidence to support key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">assumptions such as forecast revenue growth rates, forecast cost growth rates, and customer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">attrition;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Evaluated the reasonableness of significant data inputs and assumptions applied in estimating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">forecast revenue and cost growth rates, including benchmarking of revenue forecasts against <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">external market data;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Performed procedures over the completeness and accuracy of the acquired customer relationship <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">intangible to assess whether those acquired remained active customers at the valuation date; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Performed procedures to test attrition rates used in the model against observed attrition and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">engaged with valuation specialists to benchmark useful life assumptions; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Assessed whether events or transactions that occurred after the balance sheet date, but before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the reporting date, affect the conclusions reached on the on the carrying values of the Cowen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">customer relationship assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 529.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based Payments - Fair value of the cash settlement option of the growth shares<span style="display: inline-block; height: 7.28pt;"></span><span id="iedb7f66b68634ea48c7c04780488b6b7"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 480.04pt; position: var(--position); text-decoration: none; white-space: pre;"> &#8211; Refer to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 541.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">note 4 in the financial statements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 559.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Critical Audit Matter description<span style="display: inline-block; height: 7.28pt;"></span><span id="ib96d690783754a92920f23e50146a255"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 577.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Company issued growth shares awards to employees which vest or become exercisable on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 589.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occurrence of a liquidity event which was satisfied by the IPO. As the terms of the awards permitted the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 601.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holders to elect cash or equity settlement, these awards were compound instruments, with a debt and an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 613.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity component. At the point of settlement, the Group remeasured the liability arising from the cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 625.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settlement option to its fair value. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 643.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">As required by IFRS 2, Share-based payment, and disclosed in Note 4, management determined the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 655.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of the cash settlement option to be $2.3m, based on a valuation range of $31.5m to $0.8m. This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 667.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">range includes scenarios to account for a variety of management actions which, had the options been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 679.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settled in cash, would have impacted the timing of the cash payments within the scenarios identified and, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 691.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">therefore, the present value disclosed.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">192<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Determining the fair value of the cash settlement option was complex and required a number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">judgements. The terms of the growth shares restricted the amount of cash that the Company could <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provide for settlement of the obligation in any given year based on its profitability. The profit forecasts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company used to estimate the fair value were subject to a number of significant assumptions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including the probability and impact of management actions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We identified the fair value of the cash settlement option of the growth shares as a critical audit matter <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">because of assumptions and risk of bias related to the probability and impact of management actions on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value. Auditing these assumptions was complex and required a high degree of auditor judgment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and increased audit effort.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">How the Critical Audit Matter Was Addressed in the Audit <span style="display: inline-block; height: 7.28pt;"></span><span id="i65a587b2ba8041deafbe6266a2ab74a5"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We performed the following audit procedures, amongst others, related to the probability and impact of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management actions to estimate the fair value of the cash settlement option of the growth shares:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Assessed the impact of management actions on the Company&#8217;s articles of association and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">terms of the growth shares terms through inspecting the articles and award terms. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Discussed with management and evaluated their conclusions reached on the probability and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">impact of management actions by: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#9702;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Inquiring with members of the board of directors and inspecting board of directors meeting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">materials and associated minutes through to the issuance date of the financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#9702;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Evaluating the impact of management actions to assess probability of execution;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#9702;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Inspecting evidence supporting the feasibility of management actions from external advisors;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#9702;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Inquiring with external supervisors to evaluate the feasibility of management actions; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 90pt; position: var(--position); text-decoration: none; white-space: pre;">&#9702;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Benchmarking management actions executed by peer companies in historical periods.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">/s/ <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 85.31pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:AuditorName" id="f-60">Deloitte LLP</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="dei:AuditorLocation" id="f-61">London, United Kingdom</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 473.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">March 20, 2025<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 509.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">We have served as the Group&#8217;s auditor since 2015.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">193<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1109"></div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 214.7pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Income Statement <span style="display: inline-block; height: 8.73pt;"></span><span id="i5d1446388d2746f38d8db2d76499efae"></span></span></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 237.11pt; position: var(--position); text-decoration: none; white-space: pre;">For the Years <span style="display: inline-block; height: 6.18pt;"></span><span id="i54f02439ce294f7f91eaef15646c0167"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 293.73pt; position: var(--position); text-decoration: none; white-space: pre;">Ended<span style="display: inline-block; height: 6.18pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 319.68pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 6.18pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 322.04pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 247.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-62">1,618.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-63">1,342.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-64">651.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 36.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-65">762.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 36.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-66">637.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 36.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-67">299.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: underline; white-space: pre;">5<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-68">856.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-69">704.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-70">351.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: underline; white-space: pre;">5<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-71">492.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-72">411.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-73">325.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">6<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-74">765.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-75">591.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-76">194.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">6<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-77">538.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-78">470.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-79">165.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">6<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-80">227.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-81">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-82">29.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: underline; white-space: pre;">5<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-83">19.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-84">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-85">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: underline; white-space: pre;">5<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-86">1,594.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-87">1,244.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-88">711.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 166.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">7<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 180.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-89">971.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 180.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-90">770.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 180.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-91">438.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 195pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.9pt; position: var(--position); text-decoration: none; white-space: pre;">12, 13, 30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 195pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-92">29.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 195pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-93">27.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 195pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-94">13.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 209.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other expenses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">8<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 209.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-95">306.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 209.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-96">237.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 209.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-97">147.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 223.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.93pt; position: var(--position); text-decoration: none; white-space: pre;">11<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 223.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" format="ixt:fixed-zero" scale="6" id="f-98">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 223.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-99">10.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 223.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-100">53.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Provision for credit losses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 237.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-101">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 237.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-102">7.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 237.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-103">9.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 252pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 252pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.5pt; position: var(--position); text-decoration: none; white-space: pre;">15<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 252pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-104">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 252pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-105">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 252pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-106">71.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 266.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 266.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-107">6.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 266.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-108">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 266.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-109">2.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 280.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share of results in associates and joint ventures<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 280.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-110">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 280.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-111">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 280.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-112">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 294.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 294.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-113">295.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 294.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-114">196.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 294.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-115">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.34pt; position: var(--position); text-decoration: none; white-space: pre;">9<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 309pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-116">77.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 309pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-117">55.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 309pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-118">23.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 323.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 323.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-119">218.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 323.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-120">141.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 323.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-121">98.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 353.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 367.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary shareholders of the company<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 367.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-122">204.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 367.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-123">128.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 367.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-124">91.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 381.75pt; width: 247.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other equity holders<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 92.61999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 381.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-125">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 381.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-126">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 381.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-127">6.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 411.75pt; width: 247.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Earnings per share<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 93.13pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 426pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Basic (dollars per share) <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 426pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.56pt; position: var(--position); text-decoration: none; white-space: pre;">33<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 426pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-128">2.96</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 426pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-129">1.94</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 426pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-130">1.39</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 440.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Diluted (dollars per share) <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 440.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.56pt; position: var(--position); text-decoration: none; white-space: pre;">33<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 440.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-131">2.72</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 440.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-132">1.82</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 440.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-133">1.36</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 580.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">1.<span style="display: inline-block; height: 4.36pt; width: 3.51pt;"></span></span></span><ix:footnote id="fn-1" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;">Other equity holders relate to holders of AT1 securities.<span style="display: inline-block; height: 4.36pt;"></span></span></ix:footnote></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 587.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2. <span style="display: inline-block; height: 4.36pt;"></span></span><ix:footnote id="fn-2" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 78.65pt; position: var(--position); text-decoration: none; white-space: pre;">Earnings per share has been restated due to the reverse share split. Refer to note 33 for further information. <span style="display: inline-block; height: 4.36pt;"></span></span></ix:footnote></div><div style="line-height: 10pt; position: var(--position); top: 604.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of these financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">194<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_2873"></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 160.72pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement <span style="display: inline-block; height: 8.73pt;"></span><span id="ia017813f359442379be2495ce0bda0a8"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 301.32pt; position: var(--position); text-decoration: none; white-space: pre;">of Com<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 342.62pt; position: var(--position); text-decoration: none; white-space: pre;">prehensive Income<span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 237.11pt; position: var(--position); text-decoration: none; white-space: pre;">For the Years Ended <span style="display: inline-block; height: 6.18pt;"></span><span id="i51dcc635492b41d2a959c1050010134a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 322.04pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 247.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-134">218.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-135">141.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-136">98.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 52.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other comprehensive income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Items that may be reclassified subsequently to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">profit and loss:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 123pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value (loss)/gain arising on hedging instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 123pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-137">29.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 123pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-138">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 123pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-139">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 149.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on hedging instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 149.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.84pt; position: var(--position); text-decoration: none; white-space: pre;">9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.4pt; position: var(--position); text-decoration: underline; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-140">7.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-141">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 149.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-142">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 163.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Currency translation adjustments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 163.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-143">3.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 163.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-144">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 163.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" format="ixt:fixed-zero" scale="6" id="f-145">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 193.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Items that will not be recycled to profit or loss:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 207.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value of financial liabilities designated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">at FVTPL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">due to own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-146">15.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-147">6.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-148">4.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 246pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on change in fair value of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities designated at FVTPL due to own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 246pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.84pt; position: var(--position); text-decoration: none; white-space: pre;">9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.4pt; position: var(--position); text-decoration: underline; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-149">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-150">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-151">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 272.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value gain/(loss) on investments in equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">instruments designated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">as at FVTOCI<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 272.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">14<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 272.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-152">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 272.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-153">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 272.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-154">0.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 310.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on revaluation of investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.84pt; position: var(--position); text-decoration: none; white-space: pre;">9<span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 35.4pt; position: var(--position); text-decoration: underline; white-space: pre;">(a)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 310.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-155">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 310.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-156">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 310.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-157">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 324.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other comprehensive loss, net of tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 324.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-158">34.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 324.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-159">2.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 324.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-160">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 339pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total comprehensive income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 339pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-161">183.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 339pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-162">139.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 339pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-163">97.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 369pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Attributable to:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 383.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary shareholders of the Company<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 383.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" scale="6" id="f-164">170.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 383.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" scale="6" id="f-165">125.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 383.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" scale="6" id="f-166">90.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 397.5pt; width: 247.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other equity holders<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 92.61999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 397.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" scale="6" id="f-167">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 397.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" scale="6" id="f-168">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 397.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" scale="6" id="f-169">6.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 533.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">1.<span style="display: inline-block; height: 4.36pt; width: 3.51pt;"></span></span><span style="left: 80.5pt; position: var(--position);">Other equity holders relate to holders of AT1 securities.<span style="display: inline-block; height: 4.36pt;"></span></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">All operations are continuing for the current and prior year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 572.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 196.34pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 218.56pt; position: var(--position); text-decoration: none; white-space: pre;">to<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.89pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 249.11pt; position: var(--position); text-decoration: none; white-space: pre;">form part of these financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">195<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1119"></div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 177.06pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement of Financial Position<span style="display: inline-block; height: 8.73pt;"></span><span id="i4168575ce1c748f28f19f1f0656863cd"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 247.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.58pt; position: var(--position); text-decoration: none; white-space: pre;">31 December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.58pt; position: var(--position); text-decoration: none; white-space: pre;">31 December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.47pt; position: var(--position); text-decoration: none; white-space: pre;">1 January<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 33.75pt; width: 54.75pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.05pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 49.59pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.24pt; position: var(--position); text-decoration: none; white-space: pre;">11<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Goodwill" scale="6" id="f-170">176.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Goodwill" scale="6" id="f-171">163.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Goodwill" scale="6" id="f-172">155.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 87.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">12<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-173">56.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-174">56.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-175">25.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">13<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-176">20.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-177">16.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-178">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 116.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Right of use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-179">59.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-180">40.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-181">33.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 130.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 130.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">14<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-182">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-183">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-184">16.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investment in associate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-185">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-186">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" scale="6" id="f-187">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 159pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">23<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-188">46.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-189">21.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-190">7.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 173.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (unpledged)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 173.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">16<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-191">53.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-192">60.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:NonCurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:fixed-zero" scale="6" id="f-193">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 187.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (pledged as collateral)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 187.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">16<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-194">46.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-195">300.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:NonCurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-196">133.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentAssets" scale="6" id="f-197">484.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentAssets" scale="6" id="f-198">675.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NoncurrentAssets" scale="6" id="f-199">389.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 231.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 246pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate income tax receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentTaxAssetsCurrent" scale="6" id="f-200">12.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentTaxAssetsCurrent" scale="6" id="f-201">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 246pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentTaxAssetsCurrent" scale="6" id="f-202">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 260.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 260.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">20<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 260.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-203">7,553.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 260.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-204">4,789.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 260.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-205">4,685.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 274.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inventory<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 274.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">19<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 274.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-206">35.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 274.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-207">163.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 274.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-208">35.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 288.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments (unpledged)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 288.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 24.28pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 288.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentEquityFinancialAssetsUnpledgedAsCollateral" scale="6" id="f-209">231.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 288.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentEquityFinancialAssetsUnpledgedAsCollateral" scale="6" id="f-210">189.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 288.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentEquityFinancialAssetsUnpledgedAsCollateral" scale="6" id="f-211">168.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 303pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments (pledged as collateral)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 303pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 24.28pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 303pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentEquityFinancialAssetsPledgedAsCollateral" format="ixt:num-dot-decimal" scale="6" id="f-212">4,446.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 303pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentEquityFinancialAssetsPledgedAsCollateral" format="ixt:num-dot-decimal" scale="6" id="f-213">1,331.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 303pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentEquityFinancialAssetsPledgedAsCollateral" scale="6" id="f-214">241.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 317.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 317.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">22<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 317.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-215">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 317.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-216">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 317.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-217">480.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 331.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 331.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 24.28pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 331.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialAssetsStockBorrowing" format="ixt:num-dot-decimal" scale="6" id="f-218">1,781.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 331.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialAssetsStockBorrowing" format="ixt:num-dot-decimal" scale="6" id="f-219">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 331.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentFinancialAssetsStockBorrowing" format="ixt:num-dot-decimal" scale="6" id="f-220">1,894.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 345.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (unpledged)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 345.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">16<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 345.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-221">556.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 345.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-222">481.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 345.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentFinancialAssetsUnpledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-223">247.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 360pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (pledged as collateral)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 360pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">16<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 360pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-224">2,912.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 360pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-225">2,062.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 360pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-226">2,338.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 374.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities (unpledged)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 374.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">17<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 374.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-227">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 374.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-228">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 374.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-229">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 388.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 388.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">18<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 388.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" format="ixt:num-dot-decimal" scale="6" id="f-230">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 388.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" format="ixt:num-dot-decimal" scale="6" id="f-231">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 388.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" format="ixt:num-dot-decimal" scale="6" id="f-232">4,346.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 402.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 402.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-233">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 402.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-234">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 402.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-235">910.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 417pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 417pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-236">23,828.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 417pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-237">16,936.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 417pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-238">15,354.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 431.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 431.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-239">24,312.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 431.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-240">17,611.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 431.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-241">15,743.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 567.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><ix:footnote id="fn-3" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Prior period comparatives have been restated. Refer to note 3(b) and 36 for further information<span style="display: inline-block; height: 4.36pt;"></span></span></ix:footnote></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 584.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 302.96000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">these<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 327.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">196<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 142.75pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement of Financial Position (continued)<span style="display: inline-block; height: 8.73pt;"></span><span id="ied84f869ba054f7e86cdb309392dd88b"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 243pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.58pt; position: var(--position); text-decoration: none; white-space: pre;">31 December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.58pt; position: var(--position); text-decoration: none; white-space: pre;">31 December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.47pt; position: var(--position); text-decoration: none; white-space: pre;">1 January<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.69pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 33.75pt; width: 54.75pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.05pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 49.59pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">18<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" format="ixt:num-dot-decimal" scale="6" id="f-242">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" format="ixt:num-dot-decimal" scale="6" id="f-243">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 73.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" format="ixt:num-dot-decimal" scale="6" id="f-244">4,381.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">24<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" format="ixt:num-dot-decimal" scale="6" id="f-245">9,740.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" format="ixt:num-dot-decimal" scale="6" id="f-246">6,785.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 87.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" format="ixt:num-dot-decimal" scale="6" id="f-247">6,647.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.78pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialLiabilitiesStockLending" format="ixt:num-dot-decimal" scale="6" id="f-248">4,952.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialLiabilitiesStockLending" format="ixt:num-dot-decimal" scale="6" id="f-249">2,323.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 102pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentFinancialLiabilitiesStockLending" format="ixt:num-dot-decimal" scale="6" id="f-250">1,396.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 116.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.78pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialLiabilitiesShortSecurities" format="ixt:num-dot-decimal" scale="6" id="f-251">1,704.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialLiabilitiesShortSecurities" format="ixt:num-dot-decimal" scale="6" id="f-252">1,924.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 116.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:CurrentFinancialLiabilitiesShortSecurities" scale="6" id="f-253">986.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 130.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">21<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" scale="6" id="f-254">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" format="ixt:fixed-zero" scale="6" id="f-255">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 130.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" scale="6" id="f-256">12.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentLeaseLiabilities" scale="6" id="f-257">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentLeaseLiabilities" scale="6" id="f-258">13.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 144.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentLeaseLiabilities" scale="6" id="f-259">6.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">22<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-260">751.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-261">402.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 159pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-262">294.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 173.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentTaxLiabilitiesCurrent" scale="6" id="f-263">41.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentTaxLiabilitiesCurrent" scale="6" id="f-264">7.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 173.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentTaxLiabilitiesCurrent" scale="6" id="f-265">8.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 187.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.78pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-266">2,119.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-267">1,308.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 187.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-268">823.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Provisions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentProvisions" scale="6" id="f-269">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentProvisions" scale="6" id="f-270">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 201.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentProvisions" scale="6" id="f-271">2.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 216pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 216pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-272">21,779.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 216pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-273">15,884.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 216pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-274">14,561.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 8.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 238.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 252.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 252.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 252.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentLeaseLiabilities" scale="6" id="f-275">67.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 252.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentLeaseLiabilities" scale="6" id="f-276">39.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 252.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NoncurrentLeaseLiabilities" scale="6" id="f-277">32.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 267pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Long term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 267pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">21<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 267pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LongtermBorrowings" format="ixt:fixed-zero" scale="6" id="f-278">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 267pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LongtermBorrowings" format="ixt:fixed-zero" scale="6" id="f-279">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 267pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:LongtermBorrowings" scale="6" id="f-280">135.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 281.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 281.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.78pt; position: var(--position); text-decoration: none; white-space: pre;">31(b)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 281.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-281">1,484.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 281.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-282">907.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 281.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-283">336.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 295.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 295.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">23<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 295.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DeferredTaxLiabilities" scale="6" id="f-284">4.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 295.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DeferredTaxLiabilities" scale="6" id="f-285">3.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 295.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:DeferredTaxLiabilities" scale="6" id="f-286">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 309.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-287">1,556.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 309.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentLiabilities" scale="6" id="f-288">951.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 309.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NoncurrentLiabilities" scale="6" id="f-289">504.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 324pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 324pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-290">23,335.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 324pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-291">16,835.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 324pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.14pt;"></span></span><span style="left: 11.77pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-292">15,066.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 338.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total net assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 338.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NetAssetsLiabilities" scale="6" id="f-293">976.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 338.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NetAssetsLiabilities" scale="6" id="f-294">775.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 338.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:NetAssetsLiabilities" scale="6" id="f-295">677.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 368.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 382.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share capital<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 382.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">26<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 382.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:IssuedCapital" scale="6" id="f-296">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 382.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:IssuedCapital" scale="6" id="f-297">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 382.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:IssuedCapital" scale="6" id="f-298">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 396.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share premium<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 396.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:SharePremium" scale="6" id="f-299">202.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 396.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:SharePremium" scale="6" id="f-300">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 396.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:SharePremium" scale="6" id="f-301">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 411pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 411pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">28<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 411pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-302">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 411pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-303">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 411pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-304">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 425.25pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Retained earnings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 425.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:RetainedEarnings" scale="6" id="f-305">722.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 425.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RetainedEarnings" scale="6" id="f-306">555.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 425.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:RetainedEarnings" scale="6" id="f-307">455.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 439.5pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 439.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">27<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 439.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-308">23.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 439.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-309">9.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 439.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-310">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 453.75pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other reserves<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 243pt; position: var(--position); top: 453.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41pt; position: var(--position); text-decoration: none; white-space: pre;">29<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 453.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="ifrs-full:OtherReserves" scale="6" id="f-311">22.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 453.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="ifrs-full:OtherReserves" scale="6" id="f-312">1.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 453.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" sign="-" name="ifrs-full:OtherReserves" scale="6" id="f-313">1.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 468pt; width: 243pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 243pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 468pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-314">976.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 468pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-315">775.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 468pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-316">677.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 593.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><ix:footnote id="fn-4" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Prior period comparatives have been restated. Refer to note 3(b) and 36 for further information<span style="display: inline-block; height: 4.36pt;"></span></span></ix:footnote></div><div style="line-height: 10pt; position: var(--position); top: 611.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of these financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 633.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The financial statements on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 262.98pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1109">193</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293.53pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.21000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> were approved and authorised for issue by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 645.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board of Directors on 20 March 2025 and are signed on its behalf by:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 667.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">I T Lowitt<span style="display: inline-block; height: 7.28pt;"></span><span id="i666c1f4ebb48421f972d14955578310e"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 679.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Director<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 12pt; position: var(--position); top: 691.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;">20 March 2025<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">197<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1128"></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 165.4pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement of the <span style="display: inline-block; height: 8.73pt;"></span><span id="ibb74e8c766e5459aa16fbc862fe81c8b"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 341.97pt; position: var(--position); text-decoration: none; white-space: pre;">Changes<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 392.63pt; position: var(--position); text-decoration: none; white-space: pre;"> in Equity <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 237.11pt; position: var(--position); text-decoration: none; white-space: pre;">For the Years Ended <span style="display: inline-block; height: 6.18pt;"></span><span id="ife0a22cbddba48b7810cb5183feaffba"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 322.04pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 507.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 184.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.69pt; position: var(--position); text-decoration: none; white-space: pre;">Share<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.97pt; position: var(--position); text-decoration: none; white-space: pre;">capital<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.69pt; position: var(--position); text-decoration: none; white-space: pre;">Share<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.59pt; position: var(--position); text-decoration: none; white-space: pre;">premium<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.2pt; position: var(--position); text-decoration: none; white-space: pre;">Additional <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.72pt; position: var(--position); text-decoration: none; white-space: pre;">Tier 1 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.22pt; position: var(--position); text-decoration: none; white-space: pre;">capital <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.5pt; position: var(--position); text-decoration: none; white-space: pre;">(AT1)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.59pt; position: var(--position); text-decoration: none; white-space: pre;">Retained<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.98pt; position: var(--position); text-decoration: none; white-space: pre;">earnings<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.97pt; position: var(--position); text-decoration: none; white-space: pre;">Own <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.8pt; position: var(--position); text-decoration: none; white-space: pre;">Shares<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.47pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.34pt; position: var(--position); text-decoration: none; white-space: pre;">reserves<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Group<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.69pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 36pt; width: 45pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 36pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 50.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2022<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-9" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-317">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-10" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-318">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 50.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-11" decimals="-5" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-319">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-12" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-320">346.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-13" decimals="-5" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-321">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-14" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-322">3.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 50.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-15" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-323">477.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 64.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax for the period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 64.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.4pt;"></span></span><span style="left: 27.029999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-324">6.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-325">91.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 64.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-326">98.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 78.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Gain on cash flow hedge<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 78.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 78.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 78.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 78.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 78.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-327">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 78.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-328">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on cash flow hedge <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 93pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-329">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 93pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-330">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities designated at FVTPL due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 119.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-331">4.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 119.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-332">4.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 157.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on change in fair value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial liabilities designated at FVTPL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">due to own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 157.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-333">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 157.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-334">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 195.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loss on revaluation of investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 195.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-335">0.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 195.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-336">0.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 210pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on revaluation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 210pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-337">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 210pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-338">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 236.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total comprehensive income for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 236.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.4pt;"></span></span><span style="left: 27.029999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-339">6.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-340">91.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" sign="-" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-341">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 236.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-342">97.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 262.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additional (AT1) capital<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 262.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments" scale="6" id="f-343">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 262.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments" scale="6" id="f-344">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 276.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 276.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.07pt;"></span></span><span style="left: 23.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-345">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 276.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-346">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 291pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase of own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 291pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-19" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-347">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 291pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-348">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 305.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 305.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-349">17.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 305.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-350">17.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 319.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other movements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 319.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-351">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-352">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 319.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-353">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 333.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2022 and 1 January <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-20" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-354">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-21" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-355">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 333.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-22" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-356">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-23" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-357">455.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-24" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-358">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-25" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-359">1.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 333.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-360">677.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 360pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax for the period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 360pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-26" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-361">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-362">128.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 360pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-363">141.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 374.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Gain on cash flow hedge<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 374.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-364">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 374.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-365">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 388.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on cash flow hedge <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 388.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-366">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 388.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-367">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 414.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.02em; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value of financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.02em; position: var(--position); text-decoration: none; white-space: pre;">designated at FVTPL due to own credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.02em; position: var(--position); text-decoration: none; white-space: pre;">risk <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 414.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-368">6.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 414.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-369">6.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 453pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on change in fair value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial liabilities designated at FVTPL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">due to own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 453pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-370">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 453pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-371">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 491.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on revaluation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 491.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-372">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 491.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-373">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 517.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Currency translation adjustments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 517.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-374">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 517.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-375">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 531.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Total comprehensive income for the period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 531.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-26" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-376">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-377">128.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" sign="-" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-378">2.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 531.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-379">139.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 546pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">28<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 546pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.51pt;"></span></span><span style="left: 18.14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-26" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-380">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 546pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-381">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 560.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">10<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 560.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" name="ifrs-full:DividendsPaid" scale="6" id="f-382">45.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 560.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DividendsPaid" scale="6" id="f-383">45.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 574.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase of own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 574.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-29" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-384">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 574.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-385">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 588.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">35<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 588.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-386">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 588.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-387">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">198<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 507.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 184.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughDeferredTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-388">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughDeferredTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-389">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Share settlement (share-based payments)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 14.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" sign="-" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" scale="6" id="f-390">1.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-29" decimals="-5" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" scale="6" id="f-391">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 14.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" format="ixt:fixed-zero" scale="6" id="f-392">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 28.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other movements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 28.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-393">2.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 28.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-394">2.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023 and 1 January 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-395">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-31" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-396">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 42.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-397">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-398">555.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-34" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-399">9.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-35" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-400">1.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 42.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-401">775.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax for the period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 57pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-36" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-402">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-403">204.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 57pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-404">218.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value loss on hedging instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 71.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-405">29.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 71.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxCashFlowHedges" scale="6" id="f-406">29.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 85.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on hedging instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 85.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-407">7.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 85.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnCashFlowHedges" scale="6" id="f-408">7.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities designated at FVTPL due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 99.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-409">15.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 99.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-410">15.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on change in fair value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">financial liabilities designated at FVTPL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">due to own credit risk<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 138pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-411">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 138pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-412">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 176.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Gain on revaluation of investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 176.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-413">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 176.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-414">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 190.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on revaluation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 190.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-415">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 190.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:OtherComprehensiveIncomeNetOfTaxDeferredTaxOnGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-416">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 216.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Currency translation adjustments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 216.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-417">3.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-right: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 216.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" scale="6" id="f-418">3.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 231pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Total comprehensive income for the period<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 231pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-36" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-419">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-420">204.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-421">34.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 231pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-422">183.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 245.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">28<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 245.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.51pt;"></span></span><span style="left: 18.14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-36" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-423">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 245.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherDistributionsToOwners" scale="6" id="f-424">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 259.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">10<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 259.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:DividendsPaid" scale="6" id="f-425">63.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 259.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DividendsPaid" scale="6" id="f-426">63.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 273.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share premium<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-39" decimals="-5" name="mar:IncreaseDecreaseThroughSharePremiumEquity" scale="6" id="f-427">68.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 273.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 273.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:IncreaseDecreaseThroughSharePremiumEquity" scale="6" id="f-428">68.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 288pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase of own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 288pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-40" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-429">19.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 288pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions" scale="6" id="f-430">19.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 302.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of the cash settlement option <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">on the growth shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 302.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughExerciseOfOptions" scale="6" id="f-431">2.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 302.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughExerciseOfOptions" scale="6" id="f-432">2.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 328.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">35<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 328.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-433">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 328.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-434">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 342.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax on share based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 21.92pt;"></span></span><span style="left: 24.55pt; position: var(--position);">23<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 342.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughDeferredTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-435">12.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 342.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughDeferredTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-436">12.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-left: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 357pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Current tax on share based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 357pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughCurrentTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-437">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 357pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:DecreaseIncreaseThroughCurrentTaxOnShareBasedPaymentTransactionsEquity" scale="6" id="f-438">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 371.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share settlement of share-based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">awards<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 371.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" sign="-" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" scale="6" id="f-439">6.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-40" decimals="-5" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" scale="6" id="f-440">6.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 371.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" format="ixt:fixed-zero" scale="6" id="f-441">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 397.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other movements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 397.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.29pt;"></span></span><span style="left: 30.919999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-442">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.82pt;"></span></span><span style="left: 18.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-443">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 397.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-444">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 411.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-41" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-445">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-42" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-446">202.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303.75pt; position: var(--position); top: 411.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-43" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-447">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-44" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-448">722.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-45" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-449">23.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.26pt;"></span></span><span style="left: 12.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-5" sign="-" name="ifrs-full:Equity" scale="6" id="f-450">22.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 468pt; position: var(--position); top: 411.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-451">976.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="line-height: 12pt; position: var(--position); top: 503pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of these financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">199<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1137"></div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 195.05pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement of Cash Flows<span style="display: inline-block; height: 8.73pt;"></span><span id="i5266ec1383bf438681842eda40ae9d78"></span></span></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 237.11pt; position: var(--position); text-decoration: none; white-space: pre;">For the Years Ended <span style="display: inline-block; height: 6.18pt;"></span><span id="i774032dc76fc45bb9726c7ee25aacb77"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 322.04pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 247.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.56pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 11.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-452">295.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-453">196.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 22.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-454">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustments for:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amortisation of intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">12<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForAmortisationExpenseOfIntangibleAssetsOtherThanGoodwill" scale="6" id="f-455">10.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForAmortisationExpenseOfIntangibleAssetsOtherThanGoodwill" scale="6" id="f-456">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 51pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForAmortisationExpenseOfIntangibleAssetsOtherThanGoodwill" scale="6" id="f-457">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loss on disposal of intangibles<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">12<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:AdjustmentsForGainLossOnDisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-458">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:AdjustmentsForGainLossOnDisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-459">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 65.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:AdjustmentsForGainLossOnDisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-460">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation of property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">13<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfPropertyPlantAndEquipment" scale="6" id="f-461">7.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfPropertyPlantAndEquipment" scale="6" id="f-462">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 79.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfPropertyPlantAndEquipment" scale="6" id="f-463">2.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation of right-of-use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfRightOfUseAssets" scale="6" id="f-464">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfRightOfUseAssets" scale="6" id="f-465">9.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForDepreciationExpenseOfRightOfUseAssets" scale="6" id="f-466">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of right-of-use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRightOfUseAssets" scale="6" id="f-467">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRightOfUseAssets" scale="6" id="f-468">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRightOfUseAssets" format="ixt:fixed-zero" scale="6" id="f-469">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">15<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-470">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-471">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-472">71.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.24pt; position: var(--position); text-decoration: none; white-space: pre;">11<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" format="ixt:fixed-zero" scale="6" id="f-473">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-474">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 136.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-475">53.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Movement in provisions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 150.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForProvisions" scale="6" id="f-476">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 150.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForProvisions" scale="6" id="f-477">2.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 150.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForProvisions" scale="6" id="f-478">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Provision for credit losses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 165pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-479">1.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 165pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-480">7.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 165pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:FinancialAssetsProvisionForCreditLosses" scale="6" id="f-481">9.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 179.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share of results in associates and joint ventures<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 179.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-482">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 179.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-483">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 179.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-484">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 193.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability foreign exchange revaluation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 193.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 193.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains" scale="6" id="f-485">1.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 193.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains" scale="6" id="f-486">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 193.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains" scale="6" id="f-487">1.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 207.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Movement in fair value of derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-488">188.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-489">66.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 207.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-490">111.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 222pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other revaluations<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 222pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" scale="6" id="f-491">15.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 222pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" scale="6" id="f-492">9.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 222pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" scale="6" id="f-493">9.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 236.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other non-cash movements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 236.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherAdjustmentsForNoncashItems" scale="6" id="f-494">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 236.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:OtherAdjustmentsForNoncashItems" scale="6" id="f-495">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 236.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherAdjustmentsForNoncashItems" format="ixt:fixed-zero" scale="6" id="f-496">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 250.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payment expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 247.5pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">35<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 250.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-497">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 250.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-498">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 250.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-499">16.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 264.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.035em; position: var(--position); text-decoration: none; white-space: pre;">Operating cash flows before changes in working <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.035em; position: var(--position); text-decoration: none; white-space: pre;">capital<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 264.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-500">181.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 264.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-501">181.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 26.25pt; left: 410.25pt; overflow: hidden; position: var(--position); top: 264.75pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 3pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">181.9<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 264.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-502">265.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 291pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Working capital adjustments:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 305.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Increase)/decrease in trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 305.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 11.37pt;"></span></span><span style="left: 14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" format="ixt:num-dot-decimal" scale="6" id="f-503">2,757.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 305.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" scale="6" id="f-504">777.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 305.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" format="ixt:num-dot-decimal" scale="6" id="f-505">3,141.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 319.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase/(decrease) in trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 319.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" format="ixt:num-dot-decimal" scale="6" id="f-506">2,952.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 319.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" scale="6" id="f-507">709.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 319.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 11.37pt;"></span></span><span style="left: 14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" format="ixt:num-dot-decimal" scale="6" id="f-508">2,873.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 333.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in treasury instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 333.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost" scale="6" id="f-509">663.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 333.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost" scale="6" id="f-510">185.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 333.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost" format="ixt:fixed-zero" scale="6" id="f-511">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 348pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 348pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughProfitOrLoss" scale="6" id="f-512">11.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 348pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughProfitOrLoss" scale="6" id="f-513">76.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 348pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughProfitOrLoss" scale="6" id="f-514">494.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 362.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 362.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 11.37pt;"></span></span><span style="left: 14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" format="ixt:num-dot-decimal" scale="6" id="f-515">3,376.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 362.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" scale="6" id="f-516">173.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 362.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" scale="6" id="f-517">402.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 376.5pt; width: 247.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in debt securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 118.72999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 376.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-518">1,372.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 376.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-519">1,049.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 376.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" scale="6" id="f-520">83.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 390.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Decrease in financial institution notes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 390.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks" format="ixt:fixed-zero" scale="6" id="f-521">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 390.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks" format="ixt:fixed-zero" scale="6" id="f-522">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 390.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks" scale="6" id="f-523">1.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 405pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net increase/(repayment) of borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 405pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForIncreaseDecreaseInBorrowings" scale="6" id="f-524">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 405pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:AdjustmentsForIncreaseDecreaseInBorrowings" scale="6" id="f-525">148.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 405pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:AdjustmentsForIncreaseDecreaseInBorrowings" scale="6" id="f-526">49.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 419.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Decrease/(increase) in inventory<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 419.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" scale="6" id="f-527">127.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 419.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" scale="6" id="f-528">127.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 419.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" scale="6" id="f-529">44.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 433.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Decrease)/increase in net repurchase and reverse <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 433.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-530">103.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 433.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-531">116.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 433.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 9pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-532">39.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 459.75pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in net stock borrowing and lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 459.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForIncreaseDecreaseInStockBorrowingAndLending" format="ixt:num-dot-decimal" scale="6" id="f-533">3,348.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 459.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForIncreaseDecreaseInStockBorrowingAndLending" scale="6" id="f-534">319.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 459.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForIncreaseDecreaseInStockBorrowingAndLending" scale="6" id="f-535">489.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 474pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash flow from operating activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 474pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperations" format="ixt:num-dot-decimal" scale="6" id="f-536">1,221.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 474pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperations" scale="6" id="f-537">790.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 474pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperations" scale="6" id="f-538">243.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 488.25pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporation tax paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 488.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-539">58.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 488.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-540">55.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 488.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-541">18.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 502.5pt; width: 247.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 247.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash from operating activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 502.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.7pt;"></span></span><span style="left: 17.33pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-542">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 502.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" scale="6" id="f-543">735.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 502.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" scale="6" id="f-544">225.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 638.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">During 2024, interest received was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.65pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" scale="6" id="f-545">768.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 303.55pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 337.43pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" scale="6" id="f-546">595.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 376.33pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 409.65pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" scale="6" id="f-547">159.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 448.55pt; position: var(--position); text-decoration: none; white-space: pre;">), interest paid was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" scale="6" id="f-548">521.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 144.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" scale="6" id="f-549">470.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.68pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 217pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" scale="6" id="f-550">161.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.9pt; position: var(--position); text-decoration: none; white-space: pre;">) and dividends received were $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 397.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" format="ixt:fixed-zero" scale="0" id="f-551">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407.02pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.46pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" format="ixt:fixed-zero" scale="0" id="f-552">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 456.46pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 495.34pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" format="ixt:fixed-zero" scale="0" id="f-553">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 505.34pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of these financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">200<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 160.74pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidated Statement of Cash Flows (continued)<span style="display: inline-block; height: 8.73pt;"></span><span id="i92abc94045284dbd95b106ffc03b2a15"></span></span></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 86.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 237.11pt; position: var(--position); text-decoration: none; white-space: pre;">For the Years Ended <span style="display: inline-block; height: 6.18pt;"></span><span id="ic50a19da22d94b7285d761d2ac864215"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 322.04pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="position: var(--position); top: 106.6pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 261pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Notes<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Redemption of investment in associate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInterestsInAssociates" format="ixt:fixed-zero" scale="6" id="f-554">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInterestsInAssociates" scale="6" id="f-555">6.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInterestsInAssociates" format="ixt:fixed-zero" scale="6" id="f-556">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition of businesses, net of cash acquired<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" scale="6" id="f-557">11.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" scale="6" id="f-558">90.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" scale="6" id="f-559">36.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Payment of contingent consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:PaymentsForContingentConsiderationLiability" format="ixt:fixed-zero" scale="6" id="f-560">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:PaymentsForContingentConsiderationLiability" scale="6" id="f-561">1.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:PaymentsForContingentConsiderationLiability" format="ixt:fixed-zero" scale="6" id="f-562">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase of investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">14<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-563">5.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-564">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-565">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Proceeds from sale of investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">14<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-566">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-567">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" format="ixt:fixed-zero" scale="6" id="f-568">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase of intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">12<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" scale="6" id="f-569">8.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" scale="6" id="f-570">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" scale="6" id="f-571">5.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase of property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">13<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" scale="6" id="f-572">11.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" scale="6" id="f-573">9.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" scale="6" id="f-574">3.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash used in investing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-575">35.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-576">97.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-577">46.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 166.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Proceeds from issuance of additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">28<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" format="ixt:fixed-zero" scale="0" id="f-578">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" format="ixt:fixed-zero" scale="0" id="f-579">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" scale="6" id="f-580">100.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 195pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Issuance costs of additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">28<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-581">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-582">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" scale="6" id="f-583">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 209.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repayment of Tier 2 debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="6" id="f-584">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="6" id="f-585">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" scale="6" id="f-586">50.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 223.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Proceeds from issuance of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" scale="6" id="f-587">73.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-588">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-589">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 237.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Issuance costs of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 237.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" scale="6" id="f-590">4.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 237.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-591">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 237.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-592">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 252pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase of own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 252pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">27<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 252pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-593">19.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 252pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-594">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 252pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-595">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 266.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 266.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">10<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 266.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-596">77.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 266.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-597">58.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 266.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-598">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 280.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease incentive received<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 280.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ProceedsFromLeaseIncentiveOnLeaseLiabilities" scale="6" id="f-599">6.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 280.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ProceedsFromLeaseIncentiveOnLeaseLiabilities" format="ixt:fixed-zero" scale="6" id="f-600">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 280.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ProceedsFromLeaseIncentiveOnLeaseLiabilities" format="ixt:fixed-zero" scale="6" id="f-601">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 294.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Payment of lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 261pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;">30<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" scale="6" id="f-602">15.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" scale="6" id="f-603">11.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" scale="6" id="f-604">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash (used in)/from financing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-605">37.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-606">72.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-607">26.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 323.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net increase in cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 323.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" format="ixt:num-dot-decimal" scale="6" id="f-608">1,091.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 323.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-609">564.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 323.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-610">205.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 353.25pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 367.5pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents at 1&#160;January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 367.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-611">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 367.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-612">910.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 367.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-15" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-613">712.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 381.75pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in cash<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 381.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" format="ixt:num-dot-decimal" scale="6" id="f-614">1,091.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 381.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-615">564.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 381.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-616">205.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 396pt; width: 261pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Effect of foreign exchange rate changes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 396pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-617">17.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 396pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-618">8.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 396pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-619">7.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 410.25pt; width: 261pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 261pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 207.54999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 410.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-620">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 410.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-621">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 410.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-622">910.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 543.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Included in the movement in debt securities is the movement of EMTN notes and the Group's debt issuance during November 2024. Please refer to note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 487.59pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468"> </a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 489.25pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31(e</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 501.22999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 503.21999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> for further <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 550.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">detail.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 557.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 84.42999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents includes restricted cash of <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 228.89999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:RestrictedCashAndCashEquivalents" scale="6" id="f-623">173.9</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 252.2pt; position: var(--position); text-decoration: none; white-space: pre;"> at 31 December 2024 (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 331.73pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RestrictedCashAndCashEquivalents" scale="6" id="f-624">197.7</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 355.03pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The notes on pages <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.11pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1146">201</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.66pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1554">298</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 246.34pt; position: var(--position); text-decoration: none; white-space: pre;"> form part of these financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">201<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.5pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1146"></div><div style="line-height: 12pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: bold; left: 180.72pt; position: var(--position); text-decoration: none; white-space: pre;">Notes to Consolidated Financial Statements<span style="display: inline-block; height: 8.73pt;"></span><span id="i57076a5faa7f4d23aa3e078e20e56af3"></span></span></div><div style="position: absolute; top: 92.4pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1155"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 92.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" id="f-625" continuedAt="f-625-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160; &#160; &#160; &#160; General Information<span style="display: inline-block; height: 8pt;"></span><span id="i8ef81d0fc19b4db1837f0f635b2dfb0b"></span></span></ix:nonNumeric></div><ix:continuation id="f-625-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 115.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Group plc (the &#8216;Company&#8217;) is incorporated in England and Wales under the Companies Act. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 127.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The address of the registered office is 155 Bishopsgate, London, EC2M 3TQ, United Kingdom. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 139.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">principal activities of Marex Group plc and its subsidiaries (the 'Group') and the nature of the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 151.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operations are set out in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 204.2pt; position: var(--position); text-decoration: underline; white-space: pre;">5<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.76pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 169.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The consolidated financial statements of the Group have been prepared in accordance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 181.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">International Financial Reporting Standards (&#8216;IFRS<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 295.28pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">&#174;<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 300.06pt; position: var(--position); text-decoration: none; white-space: pre;"> Accounting Standards&#8217;), as issued by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 193.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">International Accounting Standards Board ('IASB').<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 211.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The consolidated financial statements of the Group are presented in US dollars (&#8216;USD&#8217; or &#8216;$&#8217;), which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 223.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is also the Company&#8217;s functional currency. All amounts have been rounded to the nearest tenth of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 235.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">million (&#8216;m&#8217;), except where otherwise indicated.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 253.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 24 April 2024, the Group&#8217;s registration statement on Form F-1 related to its initial public offering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 265.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">('IPO') was declared effective. On 25 April 2024, the Group&#8217;s ordinary shares began trading on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 277.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Nasdaq Global Select Market under the symbol &#8220;MRX&#8221;. On 29 April 2024, the Group completed its IPO, in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 289.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which the Group issued <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 179.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-47" decimals="INF" name="ifrs-full:NumberOfSharesIssued" format="ixt:num-dot-decimal" scale="0" id="f-626">3,846,153</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.67pt; position: var(--position); text-decoration: none; white-space: pre;"> new ordinary shares each at initial offering price of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-47" decimals="2" name="mar:SaleOfOrdinarySharesPerShare" scale="0" id="f-627">19.00</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 482.34pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 485.11pt; position: var(--position); text-decoration: none; white-space: pre;">per ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 301.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share for gross proceeds to the Group of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.74pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-48" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" scale="6" id="f-628">73.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 288.08000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 290.85pt; position: var(--position); text-decoration: none; white-space: pre;"> before deducting issuance transaction costs of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 501.94pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-48" decimals="-5" name="ifrs-full:ShareIssueRelatedCost" scale="6" id="f-629">4.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 529.72pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 313.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In the IPO, selling shareholders sold a total of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.37pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-48" decimals="INF" name="mar:NumberOfOrdinarySharesSold" format="ixt:num-dot-decimal" scale="0" id="f-630">13,028,951</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 326.39pt; position: var(--position); text-decoration: none; white-space: pre;"> existing ordinary shares. During October 2024, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 325.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">selling shareholders sold an additional <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 244.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-49" decimals="INF" name="mar:NumberOfOrdinarySharesSold" format="ixt:num-dot-decimal" scale="0" id="f-631">8,472,333</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 288.7pt; position: var(--position); text-decoration: none; white-space: pre;"> of their existing ordinary shares. The Group did <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 502.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-49" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" format="ixt:fixed-zero" scale="0" id="f-632">not</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 516.24pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 337.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receive any proceeds from the selling shareholders activities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 355.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with its IPO, the Group undertook a share capital reorganisation involving the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 367.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issuance and conversion of growth shares and non-voting ordinary shares into ordinary shares, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 379.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cancellation of deferred shares, the redenomination of the nominal value of ordinary shares and a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 505.31pt; position: var(--position); text-decoration: none; white-space: pre;">1.88<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 524.76pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 391.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 77.56pt; position: var(--position); text-decoration: none; white-space: pre;"> reverse split of ordinary shares. Further information is disclosed in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 396.92pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1413">26</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 408.04pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 409.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1165"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 409.6pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations" id="f-634" continuedAt="f-634-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2&#160; &#160; &#160; &#160; Adoption of New and Revised Standards<span style="display: inline-block; height: 8pt;"></span><span id="i99bddd0f775345abb678ad4c3b0fb6b8"></span></span></ix:nonNumeric></div><ix:continuation id="f-634-1" continuedAt="f-634-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" id="f-635" continuedAt="f-635-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) New and amended IFRS Accounting Standards that are effective for the current year<span style="display: inline-block; height: 7.28pt;"></span><span id="i524a6c66ea89450fa44b42dee183997e"></span></span></ix:nonNumeric></div><ix:continuation id="f-635-1" continuedAt="f-635-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group applied for the first time certain standards and amendments, which are effective for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">annual periods beginning on or&#160;after 1&#160;January 2024 (unless otherwise stated). The Group has not early <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adopted any other standard, interpretation or amendment that has been issued but is not yet effective.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amendments to IFRS 16 Leases - Lease Liability in a Sale and Leaseback<span style="display: inline-block; height: 7.28pt;"></span><span id="i9fcd4632eb564261b8b429e2dc5f1386"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments to IFRS 16 add subsequent measurement requirements for sale and leaseback <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounted for as a sale. The amendments require the seller-lessee to determine &#8216;lease payments&#8217; or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8216;revised lease payments&#8217; such that the seller-lessee does not recognise a gain or&#160;loss that relates to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 558.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">right-of-use retained by the seller-lessee, after the commencement date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 576.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments do not affect the gain or loss recognised by the seller-lessee relating to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">partial or full termination of a lease. Without these new requirements, a seller-lessee may have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised a gain on the right-of-use it retains solely because of a remeasurement of the lease liability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 612.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(for example, following a lease modification or change in the lease term) applying the general <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements in IFRS 16.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 642.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">This could have been particularly the case in a leaseback that includes variable lease payments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 654.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that are not dependent on an index or rate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments had no impact on the Group&#8217;s consolidated financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 690.8pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Amendments to IAS 1 Presentation of Financial Statements - Classification of Liabilities as Current or </span><span style="display: inline-block; height: 7.28pt;"></span><span id="i0f75ba63dbda48aaadc4f9ce20ae5f5f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 702.8pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Non-Current</span><span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">202<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-635-2" continuedAt="f-635-3"><ix:continuation id="f-634-2" continuedAt="f-634-3"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments to IAS 1 published in January 2020 (effective for annual periods beginning on or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">after 1 January 2024) affect only the presentation of liabilities as current or non-current in the statement of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial position and not the amount or timing of recognition of any asset, liability, income or expense, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the information disclosed about those items.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments clarify that the classification of liabilities as current or non-current is based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rights that are in existence at the end of the reporting period, specify that classification is unaffected by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expectations about whether an entity will exercise its right to defer settlement of a liability, explain that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rights are in existence if covenants are complied with at the end of the reporting period, and introduce a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">definition of &#8216;settlement&#8217; to make clear that settlement refers to the transfer to the counterparty of cash, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity instruments, other assets or services.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments had no material impact on the Group's consolidated financial statements.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">203<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-635-3" continuedAt="f-635-4"><ix:continuation id="f-634-3" continuedAt="f-634-4"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2&#160; &#160; &#160; &#160; Adoption of New and Revised Standards<span style="display: inline-block; height: 8pt;"></span><span id="i1945a54265f9491a9c9be7cc0ecda3cc"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 314.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amendments to IAS 1 Presentation of Financial Statements &#8211; Non-current Liabilities with Covenants<span style="display: inline-block; height: 7.28pt;"></span><span id="ice6c16af43264632ac0107376dccd3b8"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments to IAS 1 issued in October 2022 (effective for annual periods beginning on or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">after 1 January 2024) specify that only covenants that an entity is required to comply with on or before the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">end of the reporting period affect the entity&#8217;s right to&#160;defer settlement of a liability for at least 12 months <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">after the reporting date (and therefore must be considered in assessing the classification of the liability as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">current or non-current). Such covenants affect whether the right exists at the end of the reporting period, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">even if compliance with the covenant is assessed only after the reporting date (e.g. a covenant based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the entity&#8217;s financial position at the reporting date that is assessed for compliance only after the reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The IASB also specifies that the right to defer settlement of a liability for at least 12 months after <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the reporting date is not affected if an entity only has to comply with a covenant after the reporting period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">However, if the entity&#8217;s right to defer settlement of a liability is subject to the entity complying with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">covenants within 12 months after the reporting period, an entity discloses information that enables users <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of financial statements to understand the risk of the liabilities becoming repayable within 12&#160;months after <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the reporting period. This would include information about the covenants (including the nature of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">covenants and when the entity is required to comply with them), the carrying amount of related liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and facts and circumstances, if&#160;any, that indicate that the entity may have difficulties complying with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">covenants.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments had no material impact on the Group's consolidated financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures &#8211; Supplier <span style="display: inline-block; height: 7.28pt;"></span><span id="if9cce8c3c3b3456599342daa20bf0d31"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Finance&#160;Arrangements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments add a disclosure objective to IAS 7 stating that an entity is required to disclose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information about its supplier finance arrangements that enables users of financial statements to assess <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the effects of those arrangements on the entity&#8217;s liabilities and cash flows. In addition, IFRS 7 was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amended to add supplier finance arrangements as an example within the requirements to disclose <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information about an entity&#8217;s exposure to concentration of liquidity risk.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments had no material impact on the Group's consolidated financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) New and revised IFRS Accounting Standards in issue, but not yet effective<span style="display: inline-block; height: 7.28pt;"></span><span id="i838bfb9e5ba14502bbabec39d95fd21e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At the date of authorisation of these financial statements, the Group has not applied the following <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">new and revised IFRS Accounting Standards. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates <span style="display: inline-block; height: 7.28pt;"></span><span id="i80e20f5a06774539ae26e15ef2f7ee03"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments to IAS 21 sets out the requirements to help entities to assess exchangeability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between two currencies, and to&#160;determine the spot exchange rate, when exchangeability is lacking. An <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">entity is impacted by the amendments when it has a&#160;transaction or an operation in a foreign currency that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is not exchangeable into another currency at a measurement date for a&#160;specified purpose. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">When a currency is not exchangeable into another currency, the spot exchange rate needs to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimated. The objective in estimating the spot exchange rate at a measurement date is to determine the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate at which an orderly exchange transaction would take place at that date between market participants <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under prevailing economic conditions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments are applicable for annual periods beginning on or after 1 January 2025 with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">earlier adoption permitted. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 665.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">These amendments are not expected to have a material impact on the Group's financial statements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 677.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in future periods. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 695.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amendments to IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments: <span style="display: inline-block; height: 7.28pt;"></span><span id="idfe52704dfaa402cbee3583bb256bc62"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 707.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Classification and Measurement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">204<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-635-4" continuedAt="f-635-5"><ix:continuation id="f-634-4" continuedAt="f-634-5"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In May 2024, the IASB issued amendments to IFRS 7 and IFRS 9 which include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">A clarification on the derecognition requirements for financial assets and financial liabilities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">including establishing a new accounting policy choice for derecognition of a financial liability when <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">a payment is initiated by the reporting entity using an electronic payment system provided <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">specific.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Additional guidance on how the contractual cash flows for financial assets with environmental, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">social and corporate governance and similar features should be assessed.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Clarifications on what constitute &#8216;non-recourse features&#8217; and what are the characteristics of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contractually linked instruments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The introduction of disclosures for financial instruments with contingent features and additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure requirements for equity instruments classified at fair value through other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive income.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amendments are effective for annual periods beginning on or after 1 January 2026 with earlier <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adoption permitted. The&#160;Group is currently assessing the impact of these amendments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 18 Presentation and Disclosure in Financial Statements <span style="display: inline-block; height: 7.28pt;"></span><span id="ib79688f1b986422e9d864220e127d9de"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In April 2024, the IASB issued IFRS 18, which replaces IAS 1 Presentation of Financial Statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 18 introduces new requirements for presentation within the statement of profit or loss, including <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">specified totals and subtotals. Furthermore, entities are required to classify all income and expenses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within the statement of profit or loss into one of five categories: operating, investing, financing, income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxes and discontinued operations, whereof the first three are new. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">It also requires disclosure of newly defined management-defined performance measures, subtotals <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of income and expenses, and includes new requirements for aggregation and disaggregation of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information based on the identified &#8216;roles&#8217; of the primary financial statements and the notes. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, narrow-scope amendments have been made to IAS 7 Statement of Cash Flows, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">include changing the starting point for determining cash flows from operations under the indirect method, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from &#8216;profit or loss&#8217; to &#8216;operating profit or loss&#8217; and removing the optionality around classification of cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">flows from dividends and interest. In addition, there are consequential amendments to several other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">standards. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 18, and the amendments to the other standards, is effective for annual periods beginning on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or after 1 January 2027 with earlier adoption permitted. IFRS 18 will apply retrospectively. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">205<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-635-5" continuedAt="f-635-6"><ix:continuation id="f-634-5" continuedAt="f-634-6"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2&#160; &#160; &#160; &#160; Adoption of New and Revised Standards<span style="display: inline-block; height: 8pt;"></span><span id="ide05b0247de5465c9255837568e03e3c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 314.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The application of IFRS 18 will have an impact on the Group&#8217;s consolidated financial statements in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 107.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future periods. The&#160;assessment to identify all impacts the amendments will have on the consolidated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 119.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial statements is ongoing.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 19 Subsidiaries without Public Accountability: Disclosures<span style="display: inline-block; height: 7.28pt;"></span><span id="i09b47f109ff24ce889360a79b775cd8c"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In May 2024, the IASB issued IFRS 19, which allows eligible entities to elect to apply its reduced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure requirements while still applying the recognition, measurement and presentation requirements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in other IFRS accounting standards. To be eligible, at the end of the reporting period, an entity must be a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiary as defined in IFRS 10, cannot have public accountability and must have a parent (ultimate or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intermediate) that prepares consolidated financial statements, available for public use, which comply with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS accounting standards. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 19 will become effective for annual periods beginning on or after 1 January 2027 with earlier <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">adoption permitted. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-635-6"><ix:continuation id="f-634-6">As the Group&#8217;s equity instruments are publicly traded, it is not eligible to elect to apply IFRS 19.</ix:continuation></ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 295.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1174"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 295.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="idc159f6fb1ca43b0878549dc588b81e4"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group is required to disclose material accounting policy information. Accounting policy <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information is material if it can reasonably be expected to influence decisions that the primary users of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial statements make on the basis of those financial statements when considered together with other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information included in the financial statements. The Group considers an accounting policy as material if <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the information relates to material transactions, other events or conditions or involves a high degree of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">uncertainty and has a material impact on the financial statements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Basis of accounting<span style="display: inline-block; height: 7.28pt;"></span><span id="icf9dcc2521a84cb8b7c9f1996f250f32"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" id="f-636" continuedAt="f-636-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The consolidated financial statements of the Group have been prepared on a historical cost basis, <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-636-1" continuedAt="f-636-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">except for the revaluation of certain assets and liabilities that are measured at fair value, as&#160;explained in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the accounting policies below. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-636-2">The principal accounting policies adopted are set out below.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Restatement<span style="display: inline-block; height: 7.28pt;"></span><span id="i42e098d4a49e4cb7a090d9dfbdf4272b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DescriptionOfAccountingPolicyForErrorsInPriorPeriodsPolicyTextBlock" id="f-637" continuedAt="f-637-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group restated the consolidated statement of financial position as at 31 December 2023 due to <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-637-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 504.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the correction of errors. The&#160;details of the corrections are outlined in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 396.73pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1513">36.</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Basis of consolidation<span style="display: inline-block; height: 7.28pt;"></span><span id="i1401a5e989ae405cb71549f5a81fb488"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 540.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfBasisOfConsolidationExplanatory" id="f-638" continuedAt="f-638-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The consolidated financial statements include the financial statements of the Company and entities <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-638-1" continuedAt="f-638-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 552.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">controlled by the Company (its subsidiaries) made up to 31 December each year. Control is achieved <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 564.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">when the Company:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 582.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">has the power over the investee;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">is exposed, or has rights, to variable return from its involvement with the investee; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">has the ability to use its power to affect its returns. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Company reassesses whether or not it controls an investee if the facts and circumstances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indicate that there are changes to one or more of the three elements of control listed above. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 666.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 678.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ceases when the Company loses control of the subsidiary. Specifically, the results of subsidiaries <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 690.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired or disposed of during the year are included in the&#160;consolidated income statement from the date <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 702.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company gains control until the date when the Company ceases to control the subsidiary. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">206<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-638-2" continuedAt="f-638-3"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="ib1bb0bcd135b40d5bb493f650b0ec559"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(d) Current versus non-current classification<span style="display: inline-block; height: 7.28pt;"></span><span id="ib6b7002846ca4fffadf1f2fde84b38c1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Where necessary, adjustments are made to the financial statements of subsidiaries to bring the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounting policies used in line with the Group&#8217;s accounting policies. All intragroup assets and liabilities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity, income, expenses and cash flows relating to transactions between the members of the Group are <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-638-3">eliminated on consolidation.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" id="f-639" continuedAt="f-639-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group presents assets and liabilities in the statement of financial position based on current or <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-639-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-current classification. An&#160;asset is current when it is:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">expected to be realised or intended to be sold or consumed in the normal operating cycle;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">held primarily for the purpose of trading; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">expected to be realised within 12 months after the reporting period.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All other assets are classified as non-current.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A liability is current when:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is expected to be settled in the normal operating cycle;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is held primarily for the purpose of trading;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is due to be settled within 12 months after the reporting period; or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The Group does not have the right at the end of the reporting period to defer settlement of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">liability for at least 12 months after the reporting period.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The terms of the liability that could, at the option of the counterparty, result in its settlement by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">issue of equity instruments do&#160;not affect&#160;its classification.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group classifies all other liabilities as non-current. Deferred tax assets and liabilities are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">classified as non-current assets and&#160;liabilities.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(e) Going concern<span style="display: inline-block; height: 7.28pt;"></span><span id="i73844555dd0c47f2ac8baa6a04691dd9"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" id="f-640" continuedAt="f-640-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Directors have assessed the going concern assumptions during the preparation of the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-640-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consolidated financial statements. The&#160;Group believes that no events or conditions, including those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related to recent macro-economic events give rise&#160;to doubt about the ability of the Group to continue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operating for a period of at least 12 months from the date the financial statements were approved and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">authorised for issuance.&#160; This conclusion is drawn based on the knowledge of the Group, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimated economic outlook and identified risks, which have been modelled to be included within several <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stress tests. The&#160;results of the stress tests highlighted that the&#160;Group has sufficient liquidity and capital to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">satisfy its regulatory requirements. The Group has sufficient cash and undrawn balances in&#160;its credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">facilities. Therefore, the Group expects that it will be able to meet contractual and expected maturities and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">covenants. Consequently, it has been concluded that it&#160;is reasonable to continue to adopt the going <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">concern basis of accounting in preparing these consolidated financial statements.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">207<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i767ed09a653b4b42980eacbb3e1323fa"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(f) Business combinations <span style="display: inline-block; height: 7.28pt;"></span><span id="i749f4b3d382c47e4a2860130ff6f5e69"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" id="f-641" continuedAt="f-641-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions of businesses are accounted for using the acquisition method. The consideration <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-641-1" continuedAt="f-641-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transferred in a business combination is measured at fair value, which is calculated as the sum of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquisition-date fair values of assets transferred by&#160;the Group, liabilities incurred by the Group to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">former owners of the acquiree and the equity interest issued by the Group in exchange for control of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquiree. Acquisition-related costs are recognised in the income statement as incurred and presented <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within other expenses. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At the acquisition date, the identifiable assets acquired, and the liabilities assumed are recognised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at their fair values at the acquisition date, except that, where relevant:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">deferred tax assets or liabilities and assets or liabilities related to employee benefit arrangements <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">are recognised and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Benefits respectively; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities or equity instruments related to share-based payment arrangements of the acquiree or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">share-based payment arrangements of&#160;the Group entered into to replace share-based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">arrangements of the acquiree are measured in accordance with IFRS 2 at the acquisition date; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">current Assets held for Sale and Discontinued Operations are measured in accordance with IFRS <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">5. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill arises on business combinations and represents the excess of the sum of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consideration transferred, the amount of&#160;any non-controlling interests in the acquiree, and the fair value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the acquirer&#8217;s previously held equity interest in the acquiree (if any) over the fair value of the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s share of the identifiable assets, liabilities and contingent liabilities of the acquired business is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">greater than the cost of acquisition, the excess is recognised immediately in the income statement as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bargain purchase gain.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">When the consideration transferred by the Group in a business combination includes contingent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consideration, the contingent consideration is measured at its acquisition date fair value. Subsequent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounting for changes in the fair value of the contingent consideration depends on its classification. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contingent consideration that is classified as equity is not subsequently remeasured and its settlement is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting dates with changes in fair value recognised in the income statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill has an indefinite useful economic life and is measured at cost less any accumulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impairment losses. It is tested for impairment annually and whenever there is an indicator of impairment. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Where the carrying value exceeds the higher of the value in use or&#160;fair value less cost to sell, an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impairment loss is recognised in the income statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">208<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-641-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i8d2306264ca24a41b7f1dc3bbc43b11a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(g) Revenue recognition<span style="display: inline-block; height: 7.28pt;"></span><span id="ied6e91f9c5564f99a91474d868c6d817"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue" id="f-642" continuedAt="f-642-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s Revenue consists of:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-642-1" continuedAt="f-642-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission and fee income <span style="display: inline-block; height: 7.28pt;"></span><span id="i2416c6c049b04e1a80253f72e895caf6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Sales and brokerage commissions are generated by internal brokers and introducing broker <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dealers when customers trade exchange traded derivatives, over-the-counter ('OTC') traded derivatives, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fixed income securities and equity securities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group is responsible for executing and clearing its customers&#8217; purchases and sales and as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such it acts as principal and commission income is recognised on a gross basis.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Commissions charged to customers on exchange traded derivatives and over-the-counter traded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivatives are recognised at a&#160;point in time on the trade date when a client order is cleared or executed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(i.e. when the performance obligation is satisfied). Commissions charged to customers on traded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities are sales-based commissions that are recognised at a point in time on&#160;the trade date. Sales <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based commissions are typically a fixed fee per security transaction and in certain instances, are based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on a percentage of the transaction value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Commission charged to customers on clearing transactions recoup clearing fees and other fee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses incurred. Clearing fees earned represent the recharge of transaction-based fees charged by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">various exchanges and clearing organisations at which the Group or one of its clearing brokers is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">member for the purpose of executing and/or clearing trades through them. Clearing fees incurred are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generally passed through to clients&#8217; accounts and are reported gross as the Group maintains control over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the clearing and execution services provided, maintains relationships with the exchanges or clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brokers, and has ultimate discretion in whether the fees incurred are passed through to the clients and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rates at which they are passed through. As clearing fees charged are transactional based, they are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised at a point in time on the trade date along with the related commission income when the client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">order is cleared or executed.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the execution and clearing of trades, the Group is required to pay fees to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">executing brokers, exchanges, clearing organisations and banks. These fees are based on transaction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">volumes and recognised as commission and fee expense on the trade date. The Group also pays <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commissions to third party introducing brokers (individuals or organisations) that maintain relationships <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with clients and introduce them to the Group. Introducing brokers accept orders from clients whilst <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the&#160;Group provides the accounts, transaction, margining and reporting services, including money and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities from clients. Introducing brokers' commissions are determined monthly and presented in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commission and fee expense in the income statement and settled quarterly. Commission and fee <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses are generally passed through to clients' accounts. No other costs related to the generation of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commission income are included within commission and fee expense.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">209<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-642-2" continuedAt="f-642-3"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="ic6f0cfd7b69040459b6df01110791e54"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income <span style="display: inline-block; height: 7.28pt;"></span><span id="i3f9471be9dc7477e8f7f901f646181fd"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income includes realised and unrealised gains and losses derived from transactions in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OTC derivatives, exchange traded derivatives, equity instruments, stock borrowing and stock lending, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reverse repurchase agreements, fixed income securities, and foreign exchange. These transactions are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the result of trading activity, being managed at fair value. As such the resulting net trading income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">includes the gains and losses on transactions executed with clients and other counterparties, and where <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group enters into these transactions on its own account. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income also includes fair value movements on the following financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designated at fair value through profit&#160;or loss: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Structured notes, are hybrid debt securities issued. Fair value movements, excluding those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">related to own credit risk and interest expense, are recorded in net trading income;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements and stock loans, held as part of the Group's trading book, are managed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">at fair value. The fair value movements, including the realised gain or loss on settlement, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">interest derived from the activity is recorded within net trading income. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In certain transactions, the transaction price of the financial instrument differs from the fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calculated using valuation models. This difference is called day 1 profit or loss and is recognised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">immediately in the income statement in net trading income only when:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value determined using valuation models is based only on observable inputs;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value determined using valuation models is based on both observable and unobservable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">inputs but the impact of the unobservable inputs in the fair value is insignificant.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In all other cases, the financial instrument is initially recognised at the transaction price and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognition of day 1 profit or loss is deferred and amortised through the term of the deal or to the date <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">when unobservable inputs become observable (if sooner) unless specific factors relevant to the trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">require a specific recognition pattern.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income <span style="display: inline-block; height: 7.28pt;"></span><span id="i195c9ba22b0b40eea19e5845ea0690a7"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income includes the interest earned on the cash and financial instruments balances held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on behalf of the Group's clients as well as the Group's own cash balances and the interest earned from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments in reverse repurchase agreements and US Treasuries which are undertaken on the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">own behalf instead of the facilitation of the Group&#8217;s market making and opportunistic trading activities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income is calculated using the effective interest rate (&#8216;EIR&#8217;) method. The effective interest rate is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the rate that exactly discounts the estimated future cash payments or receipts over the expected life of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credit losses) or the amortised cost of the financial liability. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense includes interest paid to our clients on their balances and interest paid on debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities issued and other drawn borrowings. Interest expense is calculated using the effective interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">method. The interest expense component of the Group&#8217;s structured notes, designated at fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through profit or loss is also presented in interest expense. This approach aligns with the way that the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group manages the issued debt securities, as it considers the structured notes to be a source of liquidity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and funding and therefore the interest flows are crucial to understanding the interest rate sensitivity of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">210<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-642-3"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i9bdfe3c39957403fa535434f31e98311"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities income <span style="display: inline-block; height: 7.28pt;"></span><span id="ic63ae1416ec04a9b89305e0373b92a79"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group enters into contracts to purchase physical commodities for the purpose of selling in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">near future (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 126.43pt; position: var(--position); text-decoration: none; white-space: pre;">90 days<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.44pt; position: var(--position); text-decoration: none; white-space: pre;"> on average) to generate a profit from the fluctuations in prices. In accordance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IFRS 9, these contracts are recognised and measured at fair value, with the resulting fair value gains and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">losses included in net physical commodities income. Contracts to purchase and sell physical commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are provisionally priced at the date that an initial invoice is issued. Provisionally priced contracts are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts where the price of the contract is subject to adjustments resulting from these contracts being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">priced against a future quoted price after settlement of&#160;the underlying commodity. Provisionally priced <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payables and receivables are measured initially and subsequently at their fair value through profit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss until settlement and are presented within trade payables in the trade and other payables and trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">debtors in the trade and other receivables line item in the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(h) Tax<span style="display: inline-block; height: 7.28pt;"></span><span id="i2a8dd213f2dd4b308a0587dcacae5629"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory" id="f-643" continuedAt="f-643-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The tax expense represents the sum of the tax currently payable and deferred tax. <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-643-1" continuedAt="f-643-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Current tax<span style="display: inline-block; height: 7.28pt;"></span><span id="i69373ccd7a4848edba22a668a7989f28"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The current tax payable is based on taxable profit for the year. Taxable profit differs from profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">before tax as reported in the income statement because it excludes items of income or expense that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taxable or deductible in other years and it further excludes items that are never taxable or deductible. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s liability for current tax is calculated using tax rates that have been enacted or substantively <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enacted by the balance sheet date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A provision is recognised for those matters for which the tax determination is uncertain but it is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">considered probable that there will be a&#160;future outflow of funds to a tax authority. The provisions are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at the best estimate of the amount expected to become payable. The assessment is based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the judgement of tax professionals within the Company supported by previous experience in respect of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such activities and in certain cases based on specialist independent tax advice.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 296.44pt; position: var(--position); white-space: pre;">211<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-643-2" continuedAt="f-643-3"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i8f122e23c89b494dbd03b43072d948ef"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax<span style="display: inline-block; height: 7.28pt;"></span><span id="i0d43635b2096429bbe8bc596071c3a63"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax is the tax expected to be payable or recoverable on differences between the carrying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities are generally recognised for all taxable temporary differences and deferred tax assets are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised to the extent that it is probable that future taxable profits will be available against which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">temporary difference arises from the initial recognition of goodwill or from the initial recognition (other than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in a business combination) of other assets and liabilities in a transaction that affects neither the taxable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profit nor the accounting profit. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liabilities are recognised for taxable temporary differences arising on investments in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsidiaries and associates, and interests in joint ventures, except where the Group is able to control the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reversal of the temporary difference and it is probable that the&#160;temporary difference will not reverse in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">foreseeable future. Deferred tax assets arising from deductible temporary differences associated with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such investments and interests are only recognised to the extent that it is probable that there will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sufficient taxable profits against which to utilise the benefits of the temporary differences and they are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expected to&#160;reverse in the foreseeable future. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the asset to be recovered. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is settled or the asset is realised based on tax laws and rates that have been enacted or substantively <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enacted at the balance sheet date. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The measurement of deferred tax liabilities and assets reflects the tax consequences that would <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the carrying amount of its assets and liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">current tax assets against current tax liabilities and when they relate to income taxes levied by the same <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax authority and the Group intends to settle its current tax assets and liabilities on a net basis or to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">realise the asset and settle the liability simultaneously.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">212<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-643-3"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="iff8b6b006bee4630aca607498fceccf2"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Current tax and deferred tax for the year<span style="display: inline-block; height: 7.28pt;"></span><span id="i1613eb2353b74e7ebb7306169395f9ee"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Current and deferred tax are recognised in profit and loss, except when they relate to items that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in other comprehensive income or directly in equity, in which case, the current and deferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax are also recognised in other comprehensive income or directly in&#160;equity respectively, with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exception of the coupon on AT1 securities in respect of which the coupon is charged to equity but the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">related tax relief is taken to the income statement tax expense. Where current tax or deferred tax arises <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the initial accounting for a&#160;business combination, the tax effect is included in the accounting for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business combination.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In determining whether uncertain tax positions exist, the Group assesses whether it is probable that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a tax authority will accept the uncertain tax treatment applied or proposed to be applied in its income tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">filings. The Group assesses for each uncertain tax treatment whether it should be considered <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">independently or whether some tax treatments should be considered together based on what the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">believes provides a better prediction of the resolution of the uncertainty. The Group measures tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">uncertainties using its best estimate of likely outcomes for which it relies on estimates and assumptions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and may involve judgements about future events. Corporate activity as well as day to day operations may <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">give rise to tax uncertainties. The Group has determined, with the benefit of opinions from external tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">advisors and legal counsel, where appropriate, that it has provided for all tax liabilities that are probable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">arise from such activities. New information may become available that causes the Group to change its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">judgement regarding the adequacy of existing tax liabilities. Such changes could result in incremental tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities which could have a material effect on cash flows, financial condition and results of operations. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Where the final tax outcome of these matters is different from the amounts that were originally estimated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such differences will impact the income tax and deferred tax provisions in the period in which such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determination is made.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(i) Impairment of non-financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="ia96675e91f994af5a13e0c0edeee64dc"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" id="f-644" continuedAt="f-644-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment tests on goodwill and intangible assets with indefinite useful lives (such as brands) are <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-644-1" continuedAt="f-644-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undertaken annually and whenever there is&#160;an indicator of impairment. Other non-financial assets are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to impairment tests whenever events or changes in circumstances indicate that their carrying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amount may not be recoverable.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The impairment test is carried out on the asset&#8217;s cash generating unit (i.e. the smallest group of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assets in which the asset belongs for which management measures separately identifiable cash flows). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Where the asset does not generate cash flows that are independent from other assets, the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimates the recoverable amount of the cash generating unit to which the asset belongs. When a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual cash generating units, or&#160;otherwise, they are allocated to the smallest group of cash generating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">units for which a reasonable and consistent allocation can be&#160;identified.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The recoverable amount is the higher of fair value less costs of disposal and value in use. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assessing value in use, the estimated future cash flows are discounted to their present value using a pre-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax discount rate that reflects current market assessments of the time value of money and risks specific to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the asset for which the estimates of future cash flows have not been adjusted. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Where the carrying value of an asset exceeds its recoverable amount an impairment loss is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in the income statement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">An impairment loss in respect of goodwill is not reversed. For non-financial assets other than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">goodwill, an impairment loss is reversed only to the extent that the asset&#8217;s carrying amount does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impairment loss had been recognised. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">213<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-644-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i62ed6a42c7524acf99626db938e5de5a"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(j) Financial instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="i974cc9fcee5e41598806c1ff14a4ab66"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" id="f-645" continuedAt="f-645-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Initial recognition and measurement<span style="display: inline-block; height: 7.28pt;"></span><span id="i83aab84850a240c8adf002e86a663a10"></span></span></ix:nonNumeric></div><ix:continuation id="f-645-1" continuedAt="f-645-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets and financial liabilities are recognised in the Group&#8217;s statement of financial position <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">when the Group becomes a&#160;party to the contractual provisions of the instrument. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets and financial liabilities are initially measured at fair value. Transaction costs that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial assets and financial liabilities at fair value through profit and loss) are added to or deducted from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value through profit and loss are recognised immediately in profit and loss. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i27e346660f344ee5a794451e5fa5fcde"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All regular way purchases or sales of financial assets are recognised and derecognised on a trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date basis. Regular way purchases or&#160;sales are purchases or sales of financial assets that require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">delivery of assets within the timeframe established by&#160;regulation or convention in the marketplace. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All recognised financial assets are subsequently measured in their entirety at either amortised cost <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or fair value, depending on&#160;the classification of the financial assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets that meet both of the following conditions and have not been designated as at fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value through profit or loss (&#8216;FVTPL&#8217;) are measured at amortised cost:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the financial asset is held within a business model whose objective is to hold financial assets in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">order to collect contractual cash flows; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the contractual terms of the financial asset give rise on specified dates to cash flows that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">solely payments of principal and interest on the principal amount outstanding. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets that meet both of the following conditions and have not been designated as at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 70.02pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL are measured at fair value through other comprehensive income (&#8216;FVTOCI&#8217;):<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the financial asset is held within a business model whose objective is achieved by both collecting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">contractual cash flows and selling the financial assets; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the contractual terms of the financial asset give rise on specified dates to cash flows that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">solely payments of principal and interest on the principal amount outstanding.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All financial assets not classified as measured at amortised cost or FVTOCI as described above <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are measured at FVTPL. This&#160;includes all derivative financial assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group may make the following irrevocable election and/or designation at initial recognition of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial asset:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Group may irrevocably elect to present subsequent changes in fair value of an equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">investment in other comprehensive income if certain criteria are met; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Group may irrevocably designate a debt investment that meets the amortised cost or FVTOCI <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">criteria as measured at&#160;FVTPL if doing so eliminates or significantly reduces an accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 623.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">mismatch. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 641.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following accounting policies apply to the subsequent measurement of financial assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">214<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-2" continuedAt="f-645-3"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i8152b5893b54443e94b546939476c111"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost and effective interest rate method <span style="display: inline-block; height: 7.28pt;"></span><span id="ia145cfe101e94e9d845c814ed37bbd01"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The effective interest rate method is a method of calculating the amortised cost of a debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument and of allocating interest income over the relevant period.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For financial instruments other than purchased or originated credit-impaired financial assets, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and points paid or received that form an integral part of the effective interest rate, transaction costs and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other premiums or discounts) excluding expected credit losses, through the expected life of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">debt&#160;instrument, or, where appropriate, a shorter period, to the gross carrying amount of the debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument on initial recognition.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The amortised cost of a financial asset is the amount at which the financial asset is measured at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">initial recognition minus the principal repayments, plus the cumulative amortisation using the EIR method <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">On the contrary, the gross carrying amount of a financial asset is the amortised cost of a financial asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">before adjusting for any loss allowance.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income is recognised using the EIR method for debt instruments measured subsequently <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at amortised cost and at FVTOCI. For&#160;financial instruments other than purchased or originated credit-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impaired financial assets, interest income is calculated by applying the&#160;EIR to the gross carrying amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of a financial asset, except for financial assets that have subsequently become credit-impaired. For <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial assets that have subsequently become credit-impaired interest income is&#160;recognised by applying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the EIR to the amortised cost of the financial asset.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investments in debt instruments classified as amortised cost<span style="display: inline-block; height: 7.28pt;"></span><span id="i0db74dc537ce4c50aec53f94b2df2c31"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Debt instruments classified as amortised cost are subsequently measured using the EIR method <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and are subject to impairment. Gains and losses are recognised in the income statement when the asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is derecognised, modified or impaired. The Group&#8217;s financial assets held at amortised cost include US <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treasury and agency bonds (classified as Treasury Instruments on the statement of financial position) and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade receivables.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investments in equity designated as at FVTOCI<span style="display: inline-block; height: 7.28pt;"></span><span id="ib133e0a3fabd46cea76c43843af3a29d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On initial recognition, the Group made an irrevocable election (on an instrument-by-instrument <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis) to designate investments in equity instruments as at FVTOCI. Designation at FVTOCI is not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">permitted if the equity investment is held for trading or if it is contingent consideration recognised by an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquirer in a business combination to which IFRS 3 Business Combinations ("IFRS&#160;3") applies.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A financial asset is held for trading if:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it has been acquired principally for the purpose of selling it in the near term; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">on initial recognition it is part of a portfolio of identified financial instruments that the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">manages together and has evidence of a&#160;recent actual pattern of short-term profit taking; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is a derivative (except for a derivative that is a financial guarantee contract or a designated and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">effective hedging instrument).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">costs and are presented as investments in the statement of financial position. Subsequently, they are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 641.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at fair value with gains and losses arising from changes in fair value recognised in other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 653.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive income and accumulated in the revaluation reserve. The cumulative gain or loss will not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 665.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be reclassified to profit and loss on disposal of the equity investments; instead it will be transferred to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 677.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">retained earnings. The Group has designated all investments in equity instruments that are not held for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 689.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading as&#160;at FVTOCI on initial application of IFRS 9.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">215<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-3" continuedAt="f-645-4"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i78ffe1addc854592966c22fd01e65115"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets at FVTPL<span style="display: inline-block; height: 7.28pt;"></span><span id="i3b9002279c7548a08cfef7413ff452d4"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets that do not meet the criteria for being measured at amortised cost or FVTOCI are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at FVTPL. Specifically: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">investments in equity instruments are classified as at FVTPL, unless the Group designates an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">equity investment that is neither held for trading nor a contingent consideration arising from a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">business combination as at FVTOCI on initial recognition; and, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">debt instruments that do not meet the amortised cost criteria are classified as FVTPL, such as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">fixed income securities and reverse repurchase agreements which the Group holds to settle the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">trading and market making obligations of the Group. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For financial assets that are measured at FVTPL, either through the business model test or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designation, interest income is recorded as a part of the changes in the fair value of the asset, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including other components is recorded within net trading income.&#160; Investments in equity instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">remeasured at FVTPL include equity securities and derivative instruments which have equities as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">underlier. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="iab5ad9446b424ed18fe3980b1bfb9f93"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises a loss allowance for expected credit losses ('ECL') on investments in debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments that are measured at amortised cost or at FVTOCI. No impairment loss is recognised for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments in equity instruments. The amount of ECL is updated at each reporting date to reflect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in credit risk since initial recognition of the respective financial instrument. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group always recognises lifetime ECL for trade receivables. ECL are a probability&#8208;weighted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimate of credit losses based on both quantitative and qualitative information and analysis, based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s historical experience and informed credit assessment and forward-looking expectation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For all other financial instruments, the Group recognises lifetime ECL when there has been a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial instrument has not increased significantly since initial recognition, the Group measures the loss <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">allowance for that financial instrument at an amount equal to 12-month ECL. The assessment of whether <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lifetime ECL should be recognised is based on significant increases in the likelihood or risk of a default <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occurring since initial recognition instead of on evidence of a financial asset being credit-impaired at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting date or&#160;an actual default occurring. Lifetime ECL represents the ECL that will result from all <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">possible default events over the expected life of a financial instrument. In contrast, 12-month ECL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represents the portion of lifetime ECL that is expected to result from default events on a financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument that is possible within 12&#160;months after the reporting date.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">216<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-4" continuedAt="f-645-5"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i8c5556cacd504a5e8b6cc01eba07f6bb"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Measurement and recognition of expected credit losses<span style="display: inline-block; height: 7.28pt;"></span><span id="if2adbb25287d4e80846c63e571c813fc"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">At the reporting date, an allowance is required for the 12-month (Stage 1) ECL. If the credit risk has <span style="display: inline-block; height: 7.28pt;"></span><span id="ibd634aba067549d1bb3c8a9b516f8c63"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significantly increased since initial recognition (Stage 2), or if the financial instrument is credit-impaired <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(Stage 3), an allowance (or provision) is recognised for the lifetime ECL.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The measurement of ECL is a function of the probability of default, loss given default (i.e. the magnitude <span style="display: inline-block; height: 7.28pt;"></span><span id="ia17533a380fc46b3800eed345549e69d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the loss if there is a&#160;default) and the exposure at default. The assessment of the probability of default <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and loss given default is based on historical data adjusted by forward-looking information as in<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 488.08pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">dicated </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">ab</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 83.12pt; position: var(--position); text-decoration: none; white-space: pre;">ove. As for the exposure at default, for financial assets, this is represented by the assets&#8217; gross <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying amount at the reporting date, less any collateral held. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">For financial assets, the ECL is estimated as the difference between all contractual cash flows that are <span style="display: inline-block; height: 7.28pt;"></span><span id="i8d5b67a6201b4cc2abe45b7dc62379fb"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">due to the Group in accordance with the contract and all the cash flows that the Group expects to receive, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discounted at the original effective interest rate.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The grouping is regularly reviewed by management to ensure the constituents of each group continue to <span style="display: inline-block; height: 7.28pt;"></span><span id="i0b370e9251db44f2a7aa7839e8c9d265"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share similar credit risk&#160;characteristics. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Where lifetime ECL is measured on a collective basis to cater for cases where evidence of significant <span style="display: inline-block; height: 7.28pt;"></span><span id="i65aa815f8ecf49c492c94f141b644bd5"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increases in credit risk at&#160;the individual instrument level may not yet be available, the financial instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are grouped on the following basis:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span><span id="iba0e50d3315c4968bc5d7c8f058b4c86"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">nature of financial instruments; and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span><span id="i2fa0c502cff44d52bb4f078471123c98"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">external credit ratings where available.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">If the Group has measured the loss allowance for a financial instrument at an amount equal to lifetime <span style="display: inline-block; height: 7.28pt;"></span><span id="i9741689d4ed94f2b87e6413d7f7d2095"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ECL in the previous reporting period, but determines at the current reporting date that the conditions for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lifetime ECL are no longer met, the Group measures the loss allowance at an amount equal to 12-month <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ECL at the current reporting date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises an impairment gain or loss in profit and loss for all financial instruments with a <span style="display: inline-block; height: 7.28pt;"></span><span id="i477537709bd44200bb255b5d3877b5f8"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corresponding adjustment to their carrying amount through a loss allowance account, except for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments in debt instruments that are measured at FVTOCI, for which the loss allowance is recognised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in other comprehensive income and accumulated in the revaluation reserve, and does not reduce the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying amount in the statement of financial position. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Simplified approach<span style="display: inline-block; height: 7.28pt;"></span><span id="i6eaf84ec93ee45c99e0f28c74726fb81"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group adopts a simplified approach for trade receivables whereby allowances are always <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equal to lifetime ECL. The ECL on trade receivables are estimated using a provision matrix by reference <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to historical credit losses experience adjusted for current and expected future&#160;economic conditions. When <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a trade receivable balance is more than 180 days past due, the Group further performs a qualitative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">review of the debtor analysing factors such as the debtor&#8217;s current financial position, past due days, cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">collection history and internal credit ratings to determine whether the Group has reasonable and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">supportable information to apply a higher credit loss rate adjusted by forward-looking information.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">217<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-5" continuedAt="f-645-6"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i63119f0649c8465abfbf548650df846d"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Significant increases in credit risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i08d142dbc7ec4db6b625f5043a434852"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In assessing whether the credit risk on a financial instrument has increased significantly since initial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognition, the Group compares the&#160;risk of a default occurring on the financial instrument at the reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date with the risk of a default occurring on the financial instrument as at the date of initial recognition. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">making this assessment, the Group considers both quantitative and qualitative information that is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reasonable and supportable, including historical experience and forward-looking information that is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">available without undue cost or effort.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In particular, the following information is taken into account when assessing whether credit risk has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased significantly since initial recognition:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">an actual or expected significant deterioration in the financial instrument&#8217;s external (if available) or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">internal credit rating; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">significant deterioration in external market indicators of credit risk for a particular financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">instrument.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group assumes that the credit risk on a financial instrument has not increased significantly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">since initial recognition if the financial instrument is determined to have low credit risk, based on all of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">following: (i) the financial instrument has a low risk of default in accordance with either internal or external <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credit ratings; (ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">near term; and (iii) adverse changes in economic and business conditions in the long term may, but will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regularly monitors the effectiveness of the criteria used to identify whether there has been a significant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increase in credit risk and revises them as appropriate to ensure that each criterion is capable of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">identifying a significant increase in credit risk before the amount becomes past due.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Definition of default<span style="display: inline-block; height: 7.28pt;"></span><span id="i7ed7a2fbe13049b2a96e9918e051e976"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group considers the following as constituting an event of default for internal credit risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management purposes as historical experience indicates that receivables and other assets that meet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">either of the following criteria are generally not recoverable:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">when there is a breach of financial covenants by the counterparty; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">information developed internally or obtained from external sources indicates that the debtor is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">unlikely to pay its creditors, including the Group, in full (without taking into account any collateral <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">held by the Group) or partially.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit-impaired financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i1be9398eca814546b4562f97d53ef72a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A financial asset is credit-impaired when one or more events that have a detrimental impact on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">impaired includes observable data about the following events:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">significant financial difficulty of the issuer or the borrower; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">a breach of contract, such as default or past due event;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the disappearance of an active market for that financial asset because of financial difficulties.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">218<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-6" continuedAt="f-645-7"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i959b196b14514a2e93b8294917ffe2a4"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Write-off policy<span style="display: inline-block; height: 7.28pt;"></span><span id="i2e57d86a940743eab4fd010806ea37b6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group writes off a financial asset when there is information indicating that the counterparty is in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">severe financial difficulty and there is&#160;no reasonable expectation of recovery, e.g. when the counterparty <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">may still be subject to collection activities under the Group&#8217;s recovery procedures, taking into account <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legal advice where appropriate. Any recoveries made are recognised in profit and loss.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Presentation of impairment<span style="display: inline-block; height: 7.28pt;"></span><span id="i1fdf49a5ecf849f382857b76229d576c"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises an impairment gain or loss in profit and loss for all financial instruments with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a corresponding adjustment to their carrying amount through a loss allowance account, except for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments in debt instruments that are measured at FVTOCI, for which the loss allowance is recognised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in other comprehensive income and accumulated in the revaluation reserve, and does not reduce the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying amount of the financial asset in the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Provision for credit losses related to trade and other receivables, including settlement balances and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposits paid for securities borrowed are presented on the face of the income statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derecognition of financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i1904b8d6582341f98df6c086228fd264"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group derecognises a financial asset only when the contractual rights to the cash flows from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the asset expire, or when it transfers the&#160;financial asset and substantially all the risks and rewards of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ownership of the asset to another entity. If the Group neither transfers nor&#160;retains substantially all the risks <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and rewards of ownership and continues to control the transferred asset, the Group recognises its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">retained interest in the asset and an associated liability for amounts it may have to pay. If the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">retains substantially all the risks and&#160;rewards of ownership of a transferred financial asset, the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">received.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On derecognition of a financial asset measured at amortised cost, the difference between the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">asset&#8217;s carrying amount and the sum of the&#160;consideration received and receivable is recognised in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income statement. In addition, on derecognition of an investment in a debt instrument classified as at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI, the cumulative gain or loss previously accumulated in the revaluation reserve is reclassified to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the income statement. In contrast, on derecognition of an investment in equity instrument which the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group has elected on initial recognition to&#160;measure at FVTOCI, the cumulative gain or loss previously <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accumulated in the revaluation reserve is not reclassified to the income statement but is transferred to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">retained earnings.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities<span style="display: inline-block; height: 7.28pt;"></span><span id="i39e6077cc38d41bebbf4a5188e1d0e87"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All financial liabilities are measured subsequently at amortised cost using the effective interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">method or at FVTPL.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or when the continuing involvement approach applies and financial guarantee contracts issued by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group, are measured in accordance with the specific accounting policies set out below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities at FVTPL<span style="display: inline-block; height: 7.28pt;"></span><span id="i33ca2efcb92449fe8349bdca819ee0df"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 623.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities are classified as at FVTPL when the financial liability is (i) contingent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consideration recognised by an acquirer in a business combination to which IFRS 3 applies, (ii) held for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading or (iii) designated as at FVTPL.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">219<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-7" continuedAt="f-645-8"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i72648cc465014dd988a4e42c98d14d33"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">A financial liability is classified as held for trading if:<span style="display: inline-block; height: 7.28pt;"></span><span id="i0359256fe4a74221a9d392a825bb3204"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it has been acquired principally for the purpose of repurchasing it in the near term; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">on initial recognition it is part of a portfolio of identified financial instruments that the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">manages together and has a&#160;recent actual pattern of short-term profit-taking; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it is a derivative, except for a derivative that is a financial guarantee contract or a designated and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">effective hedging instrument.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A financial liability other than a financial liability held for trading or contingent consideration of an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquirer in a business combination may be designated as at FVTPL upon initial recognition if:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">such designation eliminates or significantly reduces a measurement or recognition inconsistency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">that would otherwise arise; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the financial liability forms part of a group of financial assets or financial liabilities or both, which is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">managed and its performance is evaluated on a fair value basis, in accordance with the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">documented risk management or investment strategy, and information about the grouping is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">provided internally on that basis; or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">it forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">entire combined contract to&#160;be designated at FVTPL.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities at FVTPL are measured at fair value, with any gains or losses arising on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in fair value recognised in&#160;the income statement to the extent that they are not part of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designated hedging relationship. The interest expense on structured notes designated at FVTPL is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in interest expense based on the implied variable market interest rate. The&#160;fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associated with the remaining underlying risk is recognised in net trading income. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In respect of financial liabilities that are designated as at FVTPL (i.e. structured notes issued, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">repurchase agreements and stock lending), the amount of change in the fair value of the financial liability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that is attributable to changes in the credit risk of that liability is recognised in other comprehensive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income, unless the recognition of the effects of changes in the liability&#8217;s credit risk in other comprehensive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income would create or enlarge an accounting mismatch in the income statement. The remaining amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of change in the fair value of the liability is recognised in the income statement. Changes in the fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">attributable to&#160;a financial liability&#8217;s credit risk that are recognised in other comprehensive income are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subsequently reclassified to the income statement. Instead, they are transferred to retained earnings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">upon derecognition of the financial&#160;liability.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities measured at amortised cost<span style="display: inline-block; height: 7.28pt;"></span><span id="ib9c01cab624a4e50afb08acd22936d6f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities that are not (i) contingent consideration of an acquirer in a business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">combination, (ii) held-for-trading, or (iii)&#160;designated at FVTPL, are measured subsequently at amortised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cost using the effective interest rate method.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">220<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-645-8" continuedAt="f-645-9"><div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i11642bcebaf74e3196257583a254940c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derecognition of financial liabilities<span style="display: inline-block; height: 7.28pt;"></span><span id="iba332248fde3450f910549276ca1fd1a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A financial liability is derecognised when the obligation under the liability is discharged, cancelled or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expired. The difference between the carrying amount of the financial liability derecognised and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consideration paid and payable is recognised in the&#160;income statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">When the Group exchanges with the existing lender one debt instrument into another one with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantially different terms, such exchange is accounted for as an extinguishment of the original financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liability and the recognition of a new financial liability. Similarly the Group accounts for substantial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">modification of terms of an existing liability or part of it as an extinguishment of the original financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liability and the recognition of a new liability. The terms are substantially different if the discounted present <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of the cash flows under the new terms, including any fees paid net of any fees received and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">discounted using the original effective rate, is at least 10% different from the discounted present value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the remaining cash flows of the original financial liability. If the modification is not substantial, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">difference between: (i) the carrying amount of the liability before the modification; and (ii) the present <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of the cash flows after modification should be recognised in the income statement as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">modification gain or loss.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Offsetting of financial assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span><span id="i74255c442e664d7b9b0426e394607a23"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets and liabilities are offset and the net amount is reported in the statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position if there is a currently enforceable legal right to offset the recognised amounts and there is an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">intention and ability to settle on a net basis, or&#160;to realise the assets and liabilities simultaneously. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The financial assets and liabilities which met the requirements for offsetting have been presented in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.22pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31(d).</a><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="ieee246bb0789470f835e10406a0b7f43"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group uses derivative financial instruments, such as forward currency contracts, OTC precious <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and base metal contracts, agriculture contracts, energy contracts and equities. Such derivative financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments are initially recognised at fair value on&#160;the date on which a derivative contract is entered into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value is positive and as financial liabilities when the fair value is negative.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">This includes embedded derivatives in a hybrid contract, with a financial liability or non-financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">host, is separated from the host and accounted for as a separate derivative if: the economic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">characteristics and risks are not closely related to the host; a separate instrument with the same terms as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the embedded derivative would meet&#160; the definition of a derivative; and the hybrid contract is not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at fair value through profit or loss. Embedded derivatives are measured at fair value with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in fair value recognised in profit or loss. Reassessment only occurs if there is either a change in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the terms of the contract that significantly modifies the cash flows that would otherwise be required or a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reclassification of a financial asset out of the fair value through profit or loss category.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group utilises the services of a prime broker to enter into derivative contracts that are used to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedge its structured notes issuance business. The agreement provides for net settlement of daily margin <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calls and in addition, should there be a default event, this would also be settled on a net basis. On this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis the Group has determined that the balance representing cash held&#160;at the prime broker and various <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative instruments should be shown within &#8216;Derivative Assets&#8217; in the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">221<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-645-9" continuedAt="f-645-10"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i69823f3bbbe748f9a93b37dddb7ba057"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Issued debt and equity instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="ifad8ec8d09c644cfbb3c54e48d0cde4b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group applies IAS 32 Financial Instruments: Presentation to determine whether an instrument <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is either a financial liability (debt) or equity. Issued financial instruments or their components are classified <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as liabilities if the contractual arrangement results in the Group having an unconditional obligation to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">either deliver cash or another financial asset, or a variable number of&#160;equity shares, to the holder of&#160;the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instrument. If this is not the case, the instrument is generally an equity instrument and the proceeds <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">included in equity, net of transaction costs. Dividends and other returns to equity holders are recognised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(other than for AT1 securities) when approved for payment by the Board of Directors and treated as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deduction from equity. Distributions paid to holders of AT1 securities are shown as dividends and are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">treated as a deduction from equity.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities are the Group's issued debt instruments which are comprised of hybrid financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments and vanilla debt instrument. Structured notes issued are hybrid financial instruments and are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">composed of debt components and embedded derivatives and are designated as FVTPL. Changes in fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value are recognised within net trading income except for changes related to the Group&#8217;s own credit risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which are recognised in other comprehensive income and interest related to the hybrid debt securities is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">presented within interest expense. Vanilla debt instruments are presented within debt securities in line <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with their maturity profile and have no other embedded or linked instruments. The Group presents the <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-645-10">hedged interest expense related to vanilla debt instruments through interest expense.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(k) Inventories <span style="display: inline-block; height: 7.28pt;"></span><span id="i51b426b3999d4032b8b7fc7a5234d133"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories" id="f-646" continuedAt="f-646-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group applies the broker-dealer exemption to its inventories stated in paragraph 3 of IAS 2, <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-646-1" continuedAt="f-646-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Inventories. The Group has physical holdings of commodities held for trading purposes. These are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at fair value less costs to sell and relate to the&#160;recycled metals trading division. The cost of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such inventories including the changes in their fair value is recognised within "Net physical commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income" in the Consolidated Income Statement. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group holds cryptocurrencies, both for its own account in order to generate a return, and to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">complement its cryptocurrency client offerings. The Group does not act as a custodian for crypto and, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other than in limited circumstances, does not allow clients to provide crypto as security for client activity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Group holds these cryptocurrencies in either a hot wallet at Fireblocks (kept online) or in cold storage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at a crypto custodian (kept offline). The Group classifies cryptocurrency holdings as inventories on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement of financial position measured at fair value less costs to sell.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has holdings of carbon emission certificates held for trading purposes. These are held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at fair value less costs to sell. The cost of such inventories including the changes in their fair value is <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-646-2">recognised within "Net trading income' in the Consolidated income statement.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(l) Physical commodity contracts<span style="display: inline-block; height: 7.28pt;"></span><span id="iacf1835489bf462889cb6fbc0e57b551"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DescriptionOfAccountingPolicyForPhysicalCommodityContractsPolicyTextBlock" id="f-647" continuedAt="f-647-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group trades in physical commodity contracts for the purposes of trading. As such, these <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-647-1" continuedAt="f-647-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts meet the definition of a&#160;derivative financial instrument and therefore where outstanding at year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">end are recorded at fair value on the statement of financial position with changes in fair value reflected <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within net physical commodities income.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">222<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-647-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="ic16d58abd6ca4ed8a0cd602399e45471"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(m) Hedge accounting<span style="display: inline-block; height: 7.28pt;"></span><span id="i99541e137d3c44408917d547f697d00d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory" id="f-648" continuedAt="f-648-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span><span id="ie8fcacb06f1e40de88e507c29b3af4ca"></span></span></ix:nonNumeric></div><ix:continuation id="f-648-1" continuedAt="f-648-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group designates certain derivatives as hedging instruments in respect of the foreign currency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk exposure that arises from firm commitments and the interest rate exposure resulting from customer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances being placed on deposit in interest bearings accounts over the short term. These hedge <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationships are accounted for as cash flow hedges. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At the inception of the hedge relationship, the Group documents the relationship between the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedging instrument and the hedged item, along with its risk management objectives and its strategy for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undertaking various hedge transactions. Furthermore, at the inception of the hedge and at each reporting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">date or on a significant change in circumstances, the Group documents whether the hedging instrument is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">highly effective in offsetting changes in the cash flows of the hedged item. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The effective portion of changes in the fair value of foreign currency forward contracts and interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate swaps that are designated and qualify as cash flow hedges is recognised in other comprehensive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income and accumulated in the cash flow hedge reserve. The gain or loss relating to the ineffective <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portion, if any, would be recognised immediately in profit or loss. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts previously recognised in other comprehensive income and accumulated in equity are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reclassified to profit or loss in the&#160;periods when the hedged item is recognised in profit or loss, in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">same line of the income statement as the recognised hedged item. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercised, or no longer qualifies for hedge accounting. Any gain or loss recognised in other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive income at that time is accumulated in equity and is recognised when the forecast <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">transaction is ultimately recognised in profit or loss. When a forecast transaction is no longer expected to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occur, the gain or loss accumulated in equity is recognised immediately in profit or loss.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value hedges<span style="display: inline-block; height: 7.28pt;"></span><span id="id7a0e94024be4a5abff7d672e7ac06f6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group designates certain derivatives as hedging instruments in respect of the fair value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fixed rate issuance of debt, in&#160;particular the EMTN and Senior Note issuances. The changes in the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of a hedging instrument is recognised in the statement of profit or loss as interest expense. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying value of the hedged item and is also recognised in the income statement as interest expense.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For fair value hedges relating to items carried at amortised cost, any adjustments to carrying value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are amortised through the interest expense over the remaining term of the hedge using the EIR method. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The EIR amortisation may begin as soon as an adjustment exists and no later than when the hedged item <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ceases to be adjusted for changes in its fair value attributable to the risk being hedged. If the hedged item <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is derecognised, the unamortised fair value is recognised immediately as interest expense in the profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and loss.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exercised, or no longer qualifies for hedge accounting.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">223<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-648-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i6782d7d4ac02435381e6dd02c7b9c88c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(n) Reverse repurchase agreements, repurchase agreements, stock borrowing and stock lending<span style="display: inline-block; height: 7.28pt;"></span><span id="i3c10f0b36b90408fb998f285b017e330"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsStockBorrowingAndStockLendingPolicyTextBlock" id="f-649" continuedAt="f-649-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value through profit or loss<span style="display: inline-block; height: 7.28pt;"></span><span id="ica26dacd7aa94203b96ddbfd1e782959"></span></span></ix:nonNumeric></div><ix:continuation id="f-649-1" continuedAt="f-649-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group purchases debt securities under agreements to resell (a reverse repurchase agreement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8211; &#8216;reverse repo&#8217;), debt securities sold under agreements to repurchase (a repurchase agreement - &#8216;repo&#8217;), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stock borrowing transactions, and stock lend<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.65pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">ing transactions to meet counterparty needs under matched </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">book principal strategies managed at fair value, to facilitate market making and trading activities. It is the </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Group&#8217;s policy to receive or pledge cash or securities (non-cash coll</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 371.24pt; position: var(--position); text-decoration: none; white-space: pre;">ateral) to collateralise such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreements and transactions in accordance with contractual arrangements. The Group monitors the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of its collateral daily, requiring counterparties to deposit additional collateral or return collateral <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pledged. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repo and stock borrowing transactions are managed within <span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 402.01pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">a trading model a</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.23pt; position: var(--position); text-decoration: none; white-space: pre;">nd as a result <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">they are measured at fair value through profit or loss. Repo and stock lending transactions have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designated as financial liabilities at fair value through profit and loss during 2024 to reflect the fact that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">both assets and liabilities are managed together and therefore better reflects the economic reality, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">avoids a valuation mismatch.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">T<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">he Group records the income statement impact of these reverse repo, repo, stock borrowing and </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">stock lending activities (collectively referred to as the securities financing business) as net trading income </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">owing to the nature of the activity undertaken. The desks and the underlying securities are managed on a </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">fair value basis, with spreads being earned dependent upon the underlying collateral, representing the net </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">results of the securities financing business. Net trading income includes the realised transactional </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">purchases and sales as well as any residual interest income and expens</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 392.01pt; position: var(--position); text-decoration: none; white-space: pre;">e arising from these structures. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Any non-cash collateral received is not included on the balance sheet as the Group does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquire the risk and rewards of ownership, however they are recorded off-balance sheet as collateral <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">received. Cash consideration paid (or cash collateral provided) is accounted for as a loan asset at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amortised cost unless it is mandatorily classified as fair value through profit or loss. Whereas the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities and stock are retained on the balance sheet as the Group retains substantially all the risk and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rewards of ownership and these securities and stock are disclosed as pledged collateral. Cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consideration received (or cash collateral received) is accounted for as a financial liability at amortised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cost unless it is irrevocably designated at fair value through profit or&#160;loss at initial recognition.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost<span style="display: inline-block; height: 7.28pt;"></span><span id="ic7429f5d64594336b7d3909105889847"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group also enters into reverse repo, repo, stock borrowing and stock lending transactions for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">its own purposes such as&#160;investment of excess cash or raising funding (also referred to as &#8216;for needs&#8217; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">funding).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Investment of excess cash to generate a return - The business model is different to the market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">making activity above, and therefore the management of the Group&#8217;s excess cash are accounted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">for under the held to collect business model as financial assets at amortised cost with the income <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">being recorded through interest income.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">&#8216;for needs&#8217; funding - This funding activity is separate and distinct from the market making activity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">referred to above. The resulting financial liabilities are measured at amortised cost with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">expense being recorded through interest expense.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The treatment of the non-cash collateral received or pledged remains the same regardless of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business model. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">224<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-649-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="ia7d1efc5f5b64191b712bb5127a35a65"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(o) Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span><span id="i9f0023c2233142c387076ebe8423cc33"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" id="f-650" continuedAt="f-650-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group considers cash held at banks and all highly liquid investments not held for trading <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-650-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">purposes, with original or acquired maturities of 90 days or less, including certificates of deposit, to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cash and cash equivalents. Cash and cash equivalents not deposited with or pledged to broker-dealers, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clearing organisations, counterparties or segregated under federal or other regulations is recognised on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Pursuant to the requirements of the Commodity Exchange Act and Commission Regulation 30.7 of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the U.S. Commodity Futures Trading Commission (&#8216;CFTC&#8217;) in the U.S. the Markets in Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Instruments Implementing Directive 2006/73/EC underpinning the Client Asset (&#8216;CASS&#8217;) rules in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Conduct Authority (&#8216;FCA&#8217;) handbook in the U.K. and the Securities &amp; Futures Act in Singapore, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">funds deposited by clients relating to futures and options on futures contracts in regulated commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">must be carried in separate accounts, which are designated as segregated or secured client accounts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(which are off-balance sheet). Additionally, in accordance with rule 15c3-3 of the Securities Exchange Act <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of 1934, the Group maintains separate accounts for the exclusive benefit of securities clients and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">proprietary accounts of broker dealers. Rule 15c3-3 requires the Group to maintain special reserve bank <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts for the exclusive benefit of securities clients and the&#160;proprietary accounts of broker dealers. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposits in segregated client accounts and the special reserve bank accounts are not commingled with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group funds. Under the FCA's rules certain categories of clients may choose to opt-out of segregation.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(p) Share-based payments<span style="display: inline-block; height: 7.28pt;"></span><span id="i782df457b9f84267b9a33ed67a1894f4"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" id="f-651" continuedAt="f-651-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group operates various share-based compensation schemes.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-651-1" continuedAt="f-651-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Equity-settled share-based payments to employees and others providing similar services are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of&#160;non-market-based&#160;vesting conditions. Details regarding the determination of the fair value of equity-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settled share-based transactions are set out in note<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 299.2pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.97pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1504">35</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 313.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 315.86pt; position: var(--position); text-decoration: none; white-space: pre;"> The fair value determined at the grant date of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity-settled share-based payments is expensed on a straight line basis over the vesting period, based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the Group's estimate of the number of equity instruments that will eventually vest. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The expense is recognised in compensation and benefits, together with a corresponding increase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in equity. At each reporting date, the Group revises its estimate of the number of equity instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expected to vest as a result of the effect of non-market-based vesting conditions. The impact of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">revision on the original estimates, if any, is recognised in profit or loss such that the cumulative expense <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reflects the revised estimate, with a corresponding adjustment to reserves<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 398.05pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For cash-settled share-based payments, a liability is recognised for the goods or services acquired, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured initially at the fair value of the liability. At each reporting date until the liability is settled, and at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the date of settlement, the fair value of the liability is&#160;remeasured, with any changes in fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in the income statement for the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">225<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-651-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i983917ac96bf4f0882e436785e2be827"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(q) Leases<span style="display: inline-block; height: 7.28pt;"></span><span id="i2d546e5909e64adebeab3c1679108f0f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory" id="f-652" continuedAt="f-652-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group assesses whether a contract is or contains a lease at inception of the contract. That is, <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-652-1" continuedAt="f-652-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">if the contract conveys the right to control the use of an identified asset for a period of time in exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for consideration.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Group as lessee<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group applies a single recognition and measurement approach for all leases. The Group does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not apply the practical expedient in IFRS 16 for short-term leases and leases of low-value assets. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group recognises lease liabilities to make lease payments and right-of-use assets representing the right <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to use the underlying assets. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Right-of-use assets<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the underlying asset is available for use). Right-of-use assets are measured at cost, less any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">incurred, and lease payments made at or before the commencement date less any lease incentives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">received. Right-of-use assets are subsequently measured at cost less accumulated depreciation where <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the depreciation is calculated on a straight-line basis. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The right-of-use assets are presented as a separate line in the consolidated statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position. The Group applies IAS 36 to determine whether a right-of-use asset is impa<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.17pt; position: var(--position); text-decoration: none; white-space: pre;">ired.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At the commencement date of the lease, the Group recognises lease liabilities measured at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">present value of lease payments to be made over the lease term. The lease payments include fixed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payments (less any lease incentives receivable), variable lease payments that depend on an index or a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate, and amounts expected to be paid under residual value guarantees.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 390.9pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 439.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In calculating the present value of lease payments, the Group uses its incremental borrowing rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 451.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at the lease commencement date because the interest rate implicit in the lease is not readily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 463.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determinable. After the commencement date, the amount of lease liabilities is increased to reflect the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 475.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 487.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 499.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payments (e.g., changes to future payments resulting from a change in an index or rate used to determine <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 511.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">such lease payments) or a change in the assessment of an option to purchase the underlying asset. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 529.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The lease liabilities are presented as a separate line in the consolidated statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">226<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-652-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="id95619e639784d8baf28cc4021b29a37"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(r) Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="i589ef9bc658046659a0613d0cf002937"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" id="f-653" continuedAt="f-653-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.34pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-653-1" continuedAt="f-653-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors are financial assets, consisting of two types. The first are financial assets measured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 143.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at amortised cost such as invoiced commissions and amounts receivable for securities sold but not yet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">delivered by the Group. The second type are transactions which qualify as financial assets measured at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value through profit or loss, such as the provisionally priced invoices on physical commodity sales and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s trade facilitation invoices which the Group has funded.&#160;  <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing houses and other counterparties includes cash deposits to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">meet margin requirements. The margin requirements comprise of both initial and daily variation margin to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">secure futures, options and over-the-counter products pertaining to the Group&#8217;s membership of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges and the legal agreements with the clearing houses and other counterparties. Where the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposit of cash constitutes settlement, the amounts receivable from the exchanges, clearing houses and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other counterparties constitute cash receivable. There are exchanges where the deposit of cash does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">constitute the settlement of the outstanding position, and when this is the case and where applicable the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balance against these exchanges, clearing houses and other counterparties are reported net reflecting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the initial margin and cash collateral being offset against the unrealised transactions.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 445.11pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 331.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 349.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Receivables from clients include the total net deficits related to client activity in exchange-traded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 361.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">futures, options and OTC derivative trading accounts. Client deficits arise from realised and unrealised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 373.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading losses as well as any margin transactions. Client deficit accounts are reported gross of client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts that contain net credit or positive balances, except where a right of offset exists, or where the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreement with the client is operated under a title transfer collateral agreement (TTCA). Where clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">operate under TTCA agreements, this represents a single legal agreement, and in particular where these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 421.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients are provided clearing services by the Group, each client is accounted for as a single unit of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 433.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">account. Regardless of whether the amounts receivable from clients is a single unit of account or whether <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 445.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">they represent part of a gross position, the income from clients is mainly reported through commission <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 457.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income with interest being earned on client deficits and interest being paid to clients on excess cash on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 469.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposit. Where clients are accounted for as a single unit of account, the net interest income or expense <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 481.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from the excess cash placed with the Group or owing to the Group from any margin financing will be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 493.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recorded net within interest income or interest expense&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 511.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 529.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits balances with exchanges represent credit risk protection for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">members of exchange, whereby a certain amount of cash is placed on deposit representing the members&#8217; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 553.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">activities and the volatility in the prices of the exchange-traded commodities. These cash deposits are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at amortised cost.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 583.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 601.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable mainly constitute loans made to counterparties outside of the Group such as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 613.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients and other counterparties. These loans are measured initially at fair value and are subsequently <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounted for at amortised cost. The interest income from these loan assets is recorded within interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 637.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income and calculated and recognised on an effective interest rate method.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">227<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-653-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3&#160; &#160; &#160; &#160; Material Accounting Policy Information<span style="display: inline-block; height: 8pt;"></span><span id="i46a505d947784811b925a1b9fd88308c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 306.4pt; position: var(--position); text-decoration: none; white-space: pre;"> continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors mainly consist of interest receivable from banks on cash deposits which is accrued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for in line with payment expectations on average balances and using agreed upon rates. Additionally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other debtors include sign-on bonuses which are&#160;amortised over the contractual period.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 155.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(s) Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span><span id="i006e5bdb655b4f34bbafb5748c6bf2c2"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" id="f-654" continuedAt="f-654-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-654-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables are financial liabilities comprised of two types. The first are financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at amortised cost such as amounts payable for securities delivered but not yet paid. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">second type are transactions which qualify as financial liabilities measured at fair value through profit or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss, such as provisionally priced invoices on physical commodity contracts. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amount due to exchanges, clearing houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing houses and other counterparties include cash amounts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payable to exchanges where the Group is required to meet margin requirements, either initial or daily <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">variation margin. These margin requirements are there to secure futures, options and other over-the-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counter products, including forwards. These amounts represent financial liabilities that are recorded at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amortised cost. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s relationships with its clients are governed by the legal agreements that are signed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between the parties. The amounts due to other counterparties specifically addresses the cash received <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from clients for Clearing and Prime Brokerage activity under these legal agreements. The legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreements underpin the various different components of a balance with the client; ranging from cash, to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">realised and unrealised gains or losses on futures and options, to margin financing. As they are governed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by a single legal agreement, they will be accounted for as a single unit of account. As financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that are not (i)&#160;contingent consideration of an acquirer in a business combination, (ii) held-for-trading, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(iii) designated at FVTPL, the single unit of account is initially recorded at fair value but then remeasured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at amortised cost. The one exception being the amounts due to clients which relate to the settlement of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts at the London Metal Exchange (&#8216;LME&#8217;), where the Group is subject to the settlement and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">margining requirements of LME Clear. Where clients are requesting to clear LME forward contracts, these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts do not settle until the prompt date and cannot be said to settle daily. Any outstanding LME <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">forwards cleared by the Group will be treated as an amount due to clients constituting a hybrid instrument <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which comprises of cash for initial margin, cash collateral and the outstanding forward which will settle in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the future. As a hybrid instrument, the entire instrument will be categorised as a financial liability held at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients include the total of excess pertaining to client activity in exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">traded futures, options and OTC&#160;derivative trading accounts. Client excesses arise from realised and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unrealised trading losses as well as any margin transactions. Client excess accounts are reported gross <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of client accounts that contain net debit or negative balances, except where a right of offset exists, or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">where the agreement with the client is operated under a title transfer collateral agreement (TTCA). Clients <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which operate under TTCA agreements represent a single legal agreement, and in particular where these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients are provided clearing services by the Group, each client is accounted for as a single unit of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">account, within amounts receivable from clients measured at amortised cost, except as above when the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 641.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">client activity relates to outstanding LME forwards.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">228<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1183"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory" id="f-655" continuedAt="f-655-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4&#160; &#160; &#160; &#160; Critical accounting judgements and key sources of estimation uncertainty<span style="display: inline-block; height: 8pt;"></span><span id="ic3083159ef824006bd9a6d658a15b5d3"></span></span></ix:nonNumeric></div><ix:continuation id="f-655-1" continuedAt="f-655-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In the application of the Group&#8217;s accounting policies, the Directors are required to make <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 107.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">judgements, estimates and assumptions that affect the reported carrying amounts of assets, liabilities, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 119.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income and expenses. The estimates and associated assumptions are based on&#160;historical experience <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other factors that are considered to be relevant and reasonable under the circumstances.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Estimates and assumptions are reviewed on an ongoing basis and revisions to accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimates are recognised in the period an estimate is revised. The following critical accounting judgement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has been applied in the preparation of these financial&#160;statements:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Accounting for Growth Shares<span style="display: inline-block; height: 7.28pt;"></span><span id="iff783999d0624f61b1e3e4ded833a2c9"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group issued Growth Shares and Growth Share Options under previous share-based payment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">awards which vest or become exercisable on the occurrence of a liquidity event which was satisfied by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the IPO. The terms of the awards permitted the&#160;holders to elect for cash or equity settlement, though in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the absence of an election, the default settlement was through the issuance of non-voting ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares. In accordance with IFRS 2 Share-Based Payments, these awards were considered to&#160;be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">compound instruments since the choice of settlement method resided with the holder. Consequently, at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the point of settlement the Group remeasured the liability arising from the cash settlement option to its fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value. As the awards were all settled in equity, the fair value of the liability was transferred directly to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity, as the consideration for the equity instruments issued. The Group recorded the fair value of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cash settlement option liability related to these instruments immediately prior to the IPO at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 471.3pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-656">2.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 499.08pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Consequently, in line with the subsequent settlement of the liability being through the issuance of non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">voting ordinary shares, the liability was transferred to reserves immediately following the settlement post <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">IPO through reserves. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Key sources of estimation uncertainty are as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation of the cash settlement option on the Growth Shares and Growth Share Options<span style="display: inline-block; height: 7.28pt;"></span><span id="i634a85c9efd24760bd28d989d43d2796"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recorded the fair value of the cash settlement option liability related to the Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shares and Growth Share Options of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 238.62pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-657">2.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.4pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.16999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> This fair value was calculated in line with the terms of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">award which provided the potential for the award to be settled in cash, but which is simultaneously <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restricted to the amount of cash that Marex Group plc could provide for settlement of the obligation in any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">given year based upon its standalone profitability. As Marex Group plc activity only consists of holding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares of its subsidiaries, it does not have regular income flows. Consequently its profitability is subject to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management actions. The probability and impact of management actions that could have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reasonably contemplated, the Group&#8217;s growth rate driving potential internal and external dividend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements and the discount rate applied to the cash flows were considered and creates estimation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">uncertainty. The estimation uncertainty creates a valuation range for the liability between <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.89pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-50" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-658">31.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 498.23pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-51" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-659">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">, representing the available management actions to take to reduce the cash outflows of any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">potential cash settlement option. The&#160;highest end of the range is where no management actions are taken <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and therefore the least likely. The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.59pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-660">2.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 249.37pt; position: var(--position); text-decoration: none; white-space: pre;"> liability reflects the likelihood of the management actions being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">taken and the fact that all the Growth Shares and Growth Share options&#160;were settled in equity. <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">229<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-655-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4&#160; &#160; &#160; &#160; Critical accounting judgements and key sources of estimation uncertainty<span style="display: inline-block; height: 8pt;"></span><span id="i92f1b3e7acd948d4b54520d8bf9e6a92"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 488.95pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 85.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continued<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="i8c015c251e494327bb5edafee9323d0c"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Determining whether goodwill is impaired requires an estimation of the recoverable amount of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cash generating unit to which the goodwill&#160;has been allocated, which is the higher of the value in use or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value less costs of disposal. The value in use calculation requires the Group to estimate both the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future revenue from the cash generating unit and a suitable discount rate in&#160;order to calculate the&#160;present <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A number of factors, many of which the Group has no ability to control, could cause actual results <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to differ from the estimates and assumptions employed. These factors include:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">a prolonged global or regional economic downturn;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">a significant decrease in the demand for the Group&#8217;s services;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">a significant adverse change in legal factors or in the business climate;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">an adverse action or assessment by a regulator; and<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">successful efforts by our competitors to gain market share in our markets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Where the actual future revenues are less than expected, or changes in facts and circumstances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which result in a downward revision of future cash flows or an upward revision of the discount rate, a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">material impairment loss or a further impairment loss may arise.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The key sources of estimation uncertainty in the assessment of goodwill impairment are the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">assumptions around the discount rates, revenue and cost growth rates as well as terminal growth rates. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The value in use calculation uses the cash flows inferred from budgets or achieved during the period and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">applies the assumptions above to create a discounted cash flow model. The cash flows do not include <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restructuring activities that the Group is not yet committed to or significant future investments that will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enhance the performance of the assets of the cash generating unit being tested. The recoverable amount <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is sensitive to the discount rate used as well as the growth rates both growth and terminal. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimates are most relevant to the testing of goodwill for impairment. The key assumptions used to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determine the recoverable amount for the different CGUs, including a&#160;sensitivity analysis, are disclosed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and further explained in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 201.44pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1277">11</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.82pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of acquired intangible assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i7cb277d225444e3eb341b6d526828492"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">An impairment exists when an asset's carrying value exceeds its recoverable amount. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recoverable amount is determined as&#160;the higher of fair value less costs of disposal and value in use. A <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portion of the premium paid for acquiring Cowen's Prime Services and Outsourced Trading business <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represented the customer lists of the acquired businesses. The fair value less costs of disposal was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">calculated in line with the purchase price allocation exercise conducted by valuations experts, while the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 558.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group separately computed the value in use. The cash flow projections were based on actual revenues <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and costs incurred in 2024, applying the growth factors consistent with the impairment model.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Neither the value in use nor the fair value less costs of disposal models incorporated a terminal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">growth rate. Instead, both models projected revenues over the useful life of the assets. The useful lives of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 612.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the intangible assets were determined at acquisition based on historical customer attrition rates. Key <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sources of estimation uncertainty used to determine the recoverable amount include the revenue and cost <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">growth rates, the discount rate applied and customer attrition rate assumptions. The key assumptions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">used to determine the recoverable amount of the customer relationships, including a sensitivity analysis, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are disclosed and further explained in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 263.11pt; position: var(--position); text-decoration: none; white-space: pre;">12<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 274.23pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">230<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1201"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory" id="f-661" continuedAt="f-661-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">5&#160; &#160; &#160; &#160; Segmental Analysis<span style="display: inline-block; height: 8pt;"></span><span id="i9c2d68126c944217b01665d957f7fd00"></span></span></ix:nonNumeric></div><ix:continuation id="f-661-1" continuedAt="f-661-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Revenues within the scope of IFRS 15 of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.18pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:RevenueFromContractsWithCustomers" scale="6" id="f-662">772.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 323.08pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 356.96000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:RevenueFromContractsWithCustomers" scale="6" id="f-663">631.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.86pt; position: var(--position); text-decoration: none; white-space: pre;">; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 401.4pt; position: var(--position); text-decoration: none; white-space: pre;">2022: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 429.17999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:RevenueFromContractsWithCustomers" scale="6" id="f-664">351.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.08000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">) are included <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 107.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">within commission and fee income in the income statement. In addition, the net proceeds from a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 119.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commitment to simultaneously buy and sell financial instruments with counterparties on matched principal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">basis, which are not in the scope of IFRS 15 are also recorded within commissions and fee income.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Revenues that are not within the scope of IFRS 15 are presented within net trading income, net <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interest income and net physical commodities income in the income statement.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The below disaggregation shows the revenue by each of the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.78999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="segment" contextRef="c-1" decimals="INF" name="mar:OperatingSegmentsNumber" format="ixt-sec:numwordsen" scale="0" id="f-665">five</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.34000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> operating segments. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">substantial majority of the Group's performance obligations for revenues from contracts with clients are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">satisfied at a point in time. Revenue recognised over time is not material. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Operating segment information is presented in a manner consistent with the internal reporting provided <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">to the Chief Operating Decision Maker (&#8216;CODM&#8217;). The CODM, who is responsible for allocating resources and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 245.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">assessing performance, has been identified as the Group&#8217;s Executive Committee. The CODM regularly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">reviews the Group&#8217;s operating results in order to assess performance and to allocate resources. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">accounting policies of the operating segments are the same as the Group&#8217;s accounting policies. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Profit Before Tax (previously labelled as 'Adjusted operating profit/(loss)') is the segmental <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance measure and excludes income and expenses that are not considered directly related to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performance of our segments as detailed in the reconciliation below.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For management purposes, the Group is organised into the following operating segments, based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the services provided, as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing &#8211; the interface between exchanges and clients. The Group provides the connectivity that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">allows its clients access to exchanges and central clearing houses. As clearing members, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Group acts as principal on behalf of its clients and generates revenue on a commission per trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">basis. The Group provides clearing services across <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 335.26pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="market" contextRef="c-52" decimals="INF" name="mar:NumberOfRevenueMarkets" format="ixt-sec:numwordsen" scale="0" id="f-666">four</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 352.48pt; position: var(--position); text-decoration: none; white-space: pre;"> principal markets: metals, agricultural <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">products, energy and financial securities markets across different geographies.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and Execution &#8211; The Group matches buyers and sellers by facilitating price discovery <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">primarily across energy and financial securities markets. The Agency and Execution segment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">primarily generates revenue on a commission per trade basis without material credit or market risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">exposure. In addition to listed products that trade directly on exchanges, many of the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">markets are traded on an OTC basis.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making &#8211; The Group acts as principal to provide direct market pricing to professional and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">wholesale counterparties, primarily within the metals, agriculture, energy and financial securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">markets. The Market Making segment primarily generates revenue through charging a spread <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">between buying and selling prices, without taking significant proprietary risk. The Market Making <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">operations are diversified across geographies and asset classes.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions &#8211; The Group offers bespoke hedging and investment solutions to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">its clients and generates revenue through a return built into the product pricing. Tailored hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">solutions allow producers and consumers of commodities to hedge their exposure to movements in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">market prices, as well as exchange rates, across a variety of different time horizons.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The Corporate segment includes the Group&#8217;s control and support functions: finance, treasury, IT, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 623.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">risk, compliance, legal, human resources and executive management to support the operating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">segments. Corporate manages the resources of the Group, makes investment decisions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">provides operational support to the business segments. Corporate manages the Group&#8217;s funding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">requirements, interest expense is incurred through debt securities issuance, which is recharged to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">other segments thorough inter-segmental funding allocations to reflect their consumption of these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 683.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">resources. Interest Income is generated&#160; on cash balances. The adjusted loss before tax includes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 695.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the expenses related to costs of the functions that are not recovered from the operating segments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 707.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and corporate costs.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">231<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-661-2" continuedAt="f-661-3"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOperatingSegmentsExplanatory" id="f-667" continuedAt="f-667-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Segment information for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.21000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 364.23pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-667-1" continuedAt="f-667-2"><div style="position: var(--position); top: 98.4pt; width: 612pt;"><div style="font-size: 0pt; left: 71.25pt; position: var(--position); top: 0pt; width: 468.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 147.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.65pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.99pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Execution<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.07pt; position: var(--position); text-decoration: none; white-space: pre;">Market <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.53pt; position: var(--position); text-decoration: none; white-space: pre;">Making<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.79pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.2pt; position: var(--position); text-decoration: none; white-space: pre;">Investment <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.28pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 27.75pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-668">950.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-669">652.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-670">14.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 39pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-671">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-672">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-673">1,618.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-674">687.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-675">55.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-676">18.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 53.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-677">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-678">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-679">762.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission income/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-680">263.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-681">597.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-682">4.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 67.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-683">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-684">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-685">856.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-686">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-687">61.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-688">215.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-689">210.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-690">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-691">492.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income/(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-58" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-692">317.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-59" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-693">39.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-60" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-694">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-61" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-695">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-62" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-696">129.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-63" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-697">227.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 147.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inter-segmental funding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 14.63pt; width: 147.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allocations<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 49.86pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.69pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-64" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-698">119.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-65" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-699">4.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-66" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-700">20.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 26.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-67" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-701">48.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-68" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-702">193.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-69" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-703">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 148.5pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income/(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-704">198.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-705">34.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-706">20.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 148.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 26.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-707">48.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-708">63.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-709">227.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 162.75pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 162.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-710">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 162.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-711">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 162.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-712">16.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 162.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-713">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 162.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-714">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 162.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-715">19.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-716">466.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-717">695.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-718">207.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 189pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-719">161.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-720">63.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 14.28pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-721">1,594.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 203.25pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted profit/(loss) before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-722">247.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-723">107.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-724">65.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 203.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 32.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-725">42.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 15.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" sign="-" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-726">141.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-727">321.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 245.25pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other segment information<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 259.5pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 259.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-728">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 259.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-729">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 259.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-730">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 259.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 31.57pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-731">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 259.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-732">27.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 259.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-733">29.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 273.75pt; width: 147.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147.75pt; position: var(--position); top: 273.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.69pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-734">118.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 273.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-735">449.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 254.25pt; position: var(--position); top: 273.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-736">89.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 307.5pt; position: var(--position); top: 273.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-737">70.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 273.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-738">243.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 273.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-739">971.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 401.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The Inter-segmental funding allocation represents the interest costs borne by the Group, excluding interest earned centrally on house cash balances, which is subsequently <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 408.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">recharged to the business segments. The recharge is based on the funding requirements of each business.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 421.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Segment information for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.86pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 335.88pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">232<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-667-2" continuedAt="f-667-3"><ix:continuation id="f-661-3" continuedAt="f-661-4"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 75.75pt; position: var(--position); top: 0pt; width: 464.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 143.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.65pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.99pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Execution<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.07pt; position: var(--position); text-decoration: none; white-space: pre;">Market <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.53pt; position: var(--position); text-decoration: none; white-space: pre;">Making<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.79pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.2pt; position: var(--position); text-decoration: none; white-space: pre;">Investment <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.28pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 27.75pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-740">825.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-741">506.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-742">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 39pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-743">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-744">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-745">1,342.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-746">588.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-747">33.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-748">15.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 53.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-749">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-750">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-751">637.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission income/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-752">236.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-753">473.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-754">4.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 67.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-755">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-756">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-757">704.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-758">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-759">62.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-760">182.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-761">165.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" sign="-" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-762">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-763">411.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 120pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income/(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-75" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-764">232.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-76" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-765">8.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-77" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-766">3.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 120pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-78" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-767">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-79" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-768">116.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-80" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-769">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 134.25pt; width: 143.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Inter-segmental funding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 14.63pt; width: 143.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allocations<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 49.86pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-81" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-770">96.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-82" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-771">2.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-83" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-772">27.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 134.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-84" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-773">37.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-85" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-774">164.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-86" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-775">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 160.5pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-776">136.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-777">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-778">30.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 160.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-779">37.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-780">47.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-781">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 186.75pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-782">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-783">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-784">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 186.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-785">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-786">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-787">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 213pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 213pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-788">373.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 213pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-789">541.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 213pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-790">153.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 213pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-791">128.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 213pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-792">47.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 213pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-793">1,244.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 227.25pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted profit/(loss) before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 227.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-794">185.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 227.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-795">71.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 227.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-796">33.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 227.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-797">33.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 227.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" sign="-" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-798">94.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 227.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-799">230.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 269.25pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other segment information<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 283.5pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 283.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-800">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 283.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-801">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 283.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-802">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 283.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-803">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 283.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-804">25.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 283.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-805">27.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 297.75pt; width: 143.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 143.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 143.25pt; position: var(--position); top: 297.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-806">88.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 196.5pt; position: var(--position); top: 297.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-807">368.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 297.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-808">72.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 297.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-809">51.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 360.75pt; position: var(--position); top: 297.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-810">190.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414pt; position: var(--position); top: 297.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-811">770.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 389pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The Inter-segmental funding allocation represents the interest costs borne by the Group, excluding interest earned centrally on house cash balances, which is subsequently <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 396.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">recharged to the business segments. The recharge is based on the funding requirements of each business.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 416.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Segment information for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.86pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December 2022<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 335.88pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">233<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-661-4" continuedAt="f-661-5"><div><ix:continuation id="f-667-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 147pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.65pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.99pt; position: var(--position); text-decoration: none; white-space: pre;">Agency and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Execution<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.07pt; position: var(--position); text-decoration: none; white-space: pre;">Market <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.53pt; position: var(--position); text-decoration: none; white-space: pre;">Making<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.79pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.2pt; position: var(--position); text-decoration: none; white-space: pre;">Investment <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.28pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">Corporate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 27.75pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-812">424.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-813">220.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-814">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 39pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-815">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" format="ixt:fixed-zero" scale="6" id="f-816">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 39pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionIncome" scale="6" id="f-817">651.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Commission and fee expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-818">280.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-819">13.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-820">5.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 53.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-821">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" format="ixt:fixed-zero" scale="6" id="f-822">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 53.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionExpense" scale="6" id="f-823">299.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net commission income/<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-824">144.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-825">207.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-826">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 67.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-827">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-828">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 67.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-829">351.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net trading income/(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:TradingIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-830">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-831">18.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-832">179.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 93.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-833">128.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" sign="-" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-834">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-835">325.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income/(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-92" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-836">70.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-93" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-837">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-94" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-838">1.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 108pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-95" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-839">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-96" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-840">45.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-97" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-841">29.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intersegmental funding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allocations<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-98" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-842">15.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-99" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-843">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-100" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-844">9.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 122.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-101" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-845">28.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-102" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-846">54.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-103" decimals="-5" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-847">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 148.5pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income/ <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(expense)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-848">55.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-849">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-850">11.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 148.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-851">28.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-852">8.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 148.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-853">29.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174.75pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net physical commodities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-854">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-855">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-856">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 174.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-857">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-858">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:PhysicalCommoditiesIncomeExpense" scale="6" id="f-859">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-860">200.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-861">230.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-862">172.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 201pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-863">100.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-864">7.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-865">711.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 215.25pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted profit/(loss) before <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 215.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-866">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 215.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-867">23.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 215.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-868">66.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 215.25pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-869">27.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 215.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" sign="-" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-870">73.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 215.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-871">121.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 257.25pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other segment information<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 271.5pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 271.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-872">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 271.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-873">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 271.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-874">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 271.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-875">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 271.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-876">12.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 271.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DepreciationAndAmortisationExpense" scale="6" id="f-877">13.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 285.75pt; width: 147pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 147pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation and benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 285.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-878">55.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 200.25pt; position: var(--position); top: 285.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-879">162.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 253.5pt; position: var(--position); top: 285.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-880">75.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 306.75pt; position: var(--position); top: 285.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-881">40.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 285.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-882">104.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 285.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-883">438.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Clearing provides connectivity between clients, exchanges and clearing houses across <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.16999999999996pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="market" contextRef="c-52" decimals="INF" name="mar:NumberOfRevenueMarkets" format="ixt-sec:numwordsen" scale="0" id="f-884">four</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.78999999999996pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"> principal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">markets: metals, agriculture, energy and financial products.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Agency and Execution provides services primarily across <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.93pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="market" contextRef="c-104" decimals="INF" name="mar:NumberOfRevenueMarkets" format="ixt-sec:numwordsen" scale="0" id="f-885">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.03pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"> core markets: energy and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">securities. Revenue for 2024 can be split as follows: energy $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 334.33pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-105" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-886">286.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 358.59pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 404.86pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-106" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-887">219.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 429.12pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 474.83pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-107" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-888">140.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 499.09pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m) and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">financial securities $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.69pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-108" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-889">407.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 182.95pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.22pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-109" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-890">319.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 253.48pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 299.19pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-110" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-891">88.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 318.03999999999996pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Market Making operates within <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 234.16pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="market" contextRef="c-111" decimals="INF" name="mar:NumberOfRevenueMarkets" format="ixt-sec:numwordsen" scale="0" id="f-892">four</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.78pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"> principal markets: metals, agriculture, energy and financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">securities. Revenue for 2024 can be split as follows: metals $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 333.2pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-112" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-893">105.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 357.46pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.73pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-113" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-894">69.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 422.58pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.29pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-114" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-895">88.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 487.14pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m), <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">agriculture $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 125.05pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-115" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-896">33.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.9pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 190.17000000000002pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-116" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-897">27.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.02pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.73pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-117" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-898">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.58000000000004pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m), energy $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 327.88pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-118" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-899">32.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.73pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 393pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-119" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-900">31.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.85pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 457.56pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-120" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-901">52.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 476.41pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m) and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">financial securities $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.69pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-121" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-902">35.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.54000000000002pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.81pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-122" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-903">25.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 242.66pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 288.37pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-123" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-904">11.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 306.48pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 527pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions provides high quality bespoke hedging and investment solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">across <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.17pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="market" contextRef="c-124" decimals="INF" name="mar:NumberOfRevenueMarkets" format="ixt-sec:numwordsen" scale="0" id="f-905">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 118.27000000000001pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"> core markets: hedging solutions and financial products. Revenue for 2024 can be split as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">hedging solutions $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 155.28pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-125" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-906">69.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.13pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.4pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-126" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-907">62.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.25pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.96000000000004pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-127" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-908">52.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 303.81pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m,) and financial products $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 422.37pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-128" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-909">92.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 441.22pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 487.49pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-129" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-910">66.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 506.34pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.28999999999999pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-130" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-911">47.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 123.14pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Corporate net interest income is derived through earning interest on house cash balances placed at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">banks and exchanges, Revenue for 2024 is $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.28pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-912">63.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 285.13pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.4pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-913">47.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 350.25pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.96pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-914">7.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 409.4pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">m). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contract assets<span style="display: inline-block; height: 7.28pt;"></span><span id="if81e6599dc8848c7809ad2217d9b33ee"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">There were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 152.01999999999998pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="INF" name="ifrs-full:ContractAssets" format="ixt:fixed-zero" scale="0" id="f-915">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162.84pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"> assets that met the definition of a contract asset as at 31 December 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 516.41pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="INF" name="ifrs-full:ContractAssets" format="ixt:fixed-zero" scale="0" id="f-916">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 525.96pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 641pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.28999999999999pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="INF" name="ifrs-full:ContractAssets" format="ixt:fixed-zero" scale="0" id="f-917">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.84pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfReconciliationOfProfitLossBeforeTaxTableTextBlock" id="f-918" continuedAt="f-918-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">Reconciliation of total segments Adjusted Profit Before Tax to the Group's profit before tax per the <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-918-1" continuedAt="f-918-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.015em; position: var(--position); text-decoration: none; white-space: pre;">income statement:<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">234<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-661-5"><ix:continuation id="f-918-2" continuedAt="f-918-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 3pt;"><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total segments adjusted profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-919">321.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-920">230.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustedProfitLossBeforeTax" scale="6" id="f-921">121.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill impairment charge<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 126.50999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" format="ixt:fixed-zero" scale="6" id="f-922">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-923">10.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-924">53.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gains<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 107.64999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-925">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-926">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-927">71.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition costs<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 77.06pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" format="ixt:fixed-zero" scale="6" id="f-928">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-929">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-930">11.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amortisation of acquired brands and customer lists<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 227.04pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-931">5.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-932">2.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-933">1.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Activities relating to shareholders<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 149.26999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DividendsPaidOtherShares" scale="6" id="f-934">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DividendsPaidOtherShares" scale="6" id="f-935">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DividendsPaidOtherShares" scale="6" id="f-936">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employer tax on vesting of the growth shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 202.59pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ExpenseFromIncomeTaxesForShareBasedPaymentTransactionsWithEmployees" scale="6" id="f-937">2.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ExpenseFromIncomeTaxesForShareBasedPaymentTransactionsWithEmployees" format="ixt:fixed-zero" scale="6" id="f-938">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ExpenseFromIncomeTaxesForShareBasedPaymentTransactionsWithEmployees" format="ixt:fixed-zero" scale="6" id="f-939">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 125.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Owner fees<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 53.730000000000004pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">7<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-940">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-941">6.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-942">3.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 139.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">IPO preparation costs<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 99.27pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">8<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AuditorsRemunerationForAuditServicesAndOther" scale="6" id="f-943">8.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AuditorsRemunerationForAuditServicesAndOther" scale="6" id="f-944">10.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AuditorsRemunerationForAuditServicesAndOther" scale="6" id="f-945">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of the cash settlement option on the growth shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 273.13pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">9<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:FairValueOfCashSettlementOnShareBasedPaymentTransactions" scale="6" id="f-946">2.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:FairValueOfCashSettlementOnShareBasedPaymentTransactions" format="ixt:fixed-zero" scale="6" id="f-947">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:FairValueOfCashSettlementOnShareBasedPaymentTransactions" format="ixt:fixed-zero" scale="6" id="f-948">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 168pt; width: 311.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Public offering of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 148.54pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">10<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:EquitySellDownExpense" scale="6" id="f-949">1.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:EquitySellDownExpense" format="ixt:fixed-zero" scale="6" id="f-950">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:EquitySellDownExpense" format="ixt:fixed-zero" scale="0" id="f-951">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 182.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-952">295.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-953">196.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-954">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 295.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill impairment charge in 2023 relates to the impairment recognised for goodwill relating to the Volatility Performance Fund S.A. CGU (&#8216;VPF&#8217;) largely due to declining <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 302.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">projected revenue. The goodwill impairment charge in 2022 relates to the impairment charge recognised for the OTC Energy CGU largely due to declining budgeted <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 309.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">performance and macroeconomic factors, such as high inflation and interest rates.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 316.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">A bargain purchase gain was recognised as a result of the ED&amp;F Man Capital Markets division acquisition. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 323.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition costs are costs, such as legal fees incurred in relation to the business acquisitions of ED&amp;F Man Capital Markets business, the OTCex group and Cowen's Prime <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 331.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Services and Outsourced Trading business.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 338.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">This represents the amortisation charge for the period of acquired brands and customers lists.&#160; <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 345.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Activities in relation to shareholders primarily consist of dividend-like contributions made to participants within certain of our share-based payments schemes. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 352.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">6.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Employer tax on vesting of the growth shares represents the Group's tax charge arising from the vesting of the growth shares. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 359.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">7.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Owner fees relate to management services fees paid to parties associated with the ultimate controlling party based on a percentage of our EBITDA in each year, presented <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 367.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">in the income statement within other expenses.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 374.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">8.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">IPO preparation costs related to consulting, legal and audit fees, presented in the income statement within other expenses.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 381.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">9.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of the cash settlement option on the growth shares represents the fair value liability of the growth shares at <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 394.54999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LiabilitiesFromSharebasedPaymentTransactions2011" scale="6" id="f-955">2.3</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 411.19pt; position: var(--position); text-decoration: none; white-space: pre;">. Subsequent to the initial public offering when <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 388.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">the holders of the growth shares elected to settle the awards in ordinary shares, the liability was derecognised.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 395.9pt; width: 612pt;"><ix:continuation id="f-918-3" continuedAt="f-918-4"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">10.<span style="display: inline-block; height: 4.36pt;"></span></span></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 82.77pt; position: var(--position);"><ix:continuation id="f-918-4">Costs relating to the public offerings of ordinary shares by certain selling shareholders.</ix:continuation> <span style="display: inline-block; height: 4.36pt; width: 21.49pt;"></span></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.1pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGeographicalAreasExplanatory" id="f-956" continuedAt="f-956-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s Revenue and total assets by geography are as follows. In presenting geographical <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-956-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 421.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">information, revenue is based on the geographic location of the legal entity where the customers' revenue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 433.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is recorded. Non-current assets are based on the geographic location of the legal entity where the assets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 445.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are recorded.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 463.1pt; width: 612pt;"><div style="font-size: 0pt; left: 122.25pt; position: var(--position); top: 0pt; width: 417.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 163.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 0pt; width: 150.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 150.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 60.8pt; position: var(--position); text-decoration: none; white-space: pre;">Revenue<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 0pt; width: 100.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 100.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.19pt; position: var(--position); text-decoration: none; white-space: pre;">Total Assets<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 69.77pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 49.5pt; width: 163.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 163.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">United Kingdom<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 49.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-131" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-957">710.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 49.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-132" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-958">607.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 49.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-133" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-959">414.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 49.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-134" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-960">6,094.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 49.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-135" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-961">3,825.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63.75pt; width: 163.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 163.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">United States<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-136" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-962">581.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-137" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-963">422.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-138" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-964">238.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-139" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-965">17,322.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-140" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-966">13,312.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 78pt; width: 163.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 163.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rest of the world<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 78pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-141" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-967">302.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 78pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-142" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-968">215.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 78pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-143" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-969">58.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 78pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-144" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-970">894.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 78pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-145" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-971">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 92.25pt; width: 163.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 163.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 163.5pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-972">1,594.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 213.75pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:Revenue" format="ixt:num-dot-decimal" scale="6" id="f-973">1,244.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:Revenue" scale="6" id="f-974">711.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-975">24,312.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-976">17,611.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 584.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre; width: 6.66pt;">1.<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 298.62pt;">Non-current assets included in Group assets as at 31 December 2024 amounted to <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 381.39pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-977">337.7</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 412.46999999999997pt; position: var(--position); text-decoration: none; white-space: pre; width: 27.46pt;"> (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 439.93pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-978">293.0</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 471.01pt; position: var(--position); text-decoration: none; white-space: pre; width: 29.23pt;">), being <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 500.24pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">$<ix:nonFraction unitRef="usd" contextRef="c-134" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-979">259.6</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 531.32pt; position: var(--position); text-decoration: none; white-space: pre; width: 8.62pt;"> in<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.94pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 594.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 100.58pt;">the United Kingdom (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 183.35pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">$<ix:nonFraction unitRef="usd" contextRef="c-135" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-980">234.7</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 214.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.94pt;">), <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 222.37pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-139" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-981">61.7</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 249.01pt; position: var(--position); text-decoration: none; white-space: pre; width: 104.04pt;"> in the United States (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 353.04999999999995pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-140" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-982">46.3</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 379.69pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.54pt;">) and $<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 406.22999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 22.2pt;"><ix:nonFraction unitRef="usd" contextRef="c-144" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-983">16.4</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 428.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 111.53pt;"> in the rest of the world (2023:<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 603.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-145" decimals="-5" name="mar:NonCurrentAssetsExcludingInvestmentsInAssociatesDeferredTaxAssetsAndFinancialAssetsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-984">12.0</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 109.41pt; position: var(--position); text-decoration: none; white-space: pre; width: 372.97pt;">. Tangible non-current assets included in non-current assets as at 31 December 2024 amounted to <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 482.38pt; position: var(--position); text-decoration: none; white-space: pre; width: 31.08pt;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-985">106.5</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 513.46pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.41pt;"> (2023:<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.87pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 613.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-986">73.4</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 109.41pt; position: var(--position); text-decoration: none; white-space: pre; width: 27.77pt;">, being <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 137.18pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-134" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-987">54.4</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 163.82pt; position: var(--position); text-decoration: none; white-space: pre; width: 112.61pt;"> in the United Kingdom (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 276.43pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-135" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-988">30.2</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 303.07pt; position: var(--position); text-decoration: none; white-space: pre; width: 7.89pt;">), <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 310.96pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-139" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-989">37.5</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 337.6pt; position: var(--position); text-decoration: none; white-space: pre; width: 103.74pt;"> in the United States (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 441.34pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-140" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-990">32.6</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 467.97999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 22pt;">) and <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 489.97999999999996pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-144" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-991">14.6</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 516.62pt; position: var(--position); text-decoration: none; white-space: pre; width: 23.33pt;"> in the<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 539.95pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 623pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 90.15pt;">rest of the world (2023: <span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 172.92000000000002pt; position: var(--position); text-decoration: none; white-space: pre; width: 26.64pt;">$<ix:nonFraction unitRef="usd" contextRef="c-145" decimals="-5" name="mar:NonCurrentAssetsTangibleAssets" scale="6" id="f-992">10.6</ix:nonFraction>m<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 199.56pt; position: var(--position); text-decoration: none; white-space: pre; width: 340.44pt;">).Tangible non-current assets includes property, plant and equipment, right-of-use assets and<span style="display: inline-block; height: 5.82pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 540pt; position: var(--position); text-decoration: none; white-space: pre; width: 2.22pt;"> <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); text-align: justify; text-align-last: var(--justify); top: 632.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre; width: 44.85pt;">investments.<span style="display: inline-block; height: 5.82pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 661.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The balances in Rest of the world mainly consist of those from countries in Europe and the Asia <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 673.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Pacific region, none of which are individually material for separate disclosure.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 691.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current assets for this purpose consist of goodwill, intangible assets, property, plant and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 703.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equipment, right-of-use assets and investments.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">235<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1219"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory" id="f-993" continuedAt="f-993-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">6&#160; &#160; &#160; Interest income and expense<span style="display: inline-block; height: 8pt;"></span><span id="i113c601648924806a17288dcf7f43c48"></span></span></ix:nonNumeric></div><ix:continuation id="f-993-1"><div style="position: var(--position); top: 95.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:InterestIncomeExpenseTableTextBlock" id="f-994" continuedAt="f-994-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 459pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 108.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 38.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 0pt; width: 114.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 114.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 49.59pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 0pt; width: 114.75pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 114.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.59pt; position: var(--position); text-decoration: none; white-space: pre;">2023 Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 79.63pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 0pt; width: 114.75pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 114.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.59pt; position: var(--position); text-decoration: none; white-space: pre;">2022 Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 79.63pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.31pt; position: var(--position); text-decoration: none; white-space: pre;">Amortise<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.87pt; position: var(--position); text-decoration: none; white-space: pre;">d Cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.49pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.31pt; position: var(--position); text-decoration: none; white-space: pre;">Amortise<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.87pt; position: var(--position); text-decoration: none; white-space: pre;">d Cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.49pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.31pt; position: var(--position); text-decoration: none; white-space: pre;">Amortise<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.87pt; position: var(--position); text-decoration: none; white-space: pre;">d Cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.49pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 11.25pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 9pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 31.5pt; width: 38.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 40.5pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest Income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54.75pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial institutions<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 92.61pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-995">309.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-996">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-997">309.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-998">261.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-149" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-999">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-1000">261.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-1001">87.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-1002">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 54.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestIncomeOnCashAndCashEquivalents" scale="6" id="f-1003">87.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Exchanges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1004">156.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1005">27.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1006">183.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1007">108.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-149" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1008">21.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1009">129.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.91pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1010">11.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1011">7.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 69pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestIncomeOnDeposits" scale="6" id="f-1012">18.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 46.510000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1013">220.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1014">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1015">220.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1016">179.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-149" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1017">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1018">179.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1019">78.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1020">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 83.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" scale="6" id="f-1021">78.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Clients<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 33.18pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1022">52.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1023">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1024">52.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1025">21.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-149" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1026">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1027">21.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1028">10.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1029">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 97.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestIncomeOnDebtInstrumentsHeld" scale="6" id="f-1030">10.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1031">737.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1032">28.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1033">765.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1034">570.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-149" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1035">21.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1036">591.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1037">187.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1038">7.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 111.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-1039">194.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 141.75pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 156pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Clients<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 33.18pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1040">256.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1041">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1042">257.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1043">216.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1044">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1045">216.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1046">29.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1047">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 156pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" scale="6" id="f-1048">29.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 170.25pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Borrowings and debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 15.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">issued<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 31.529999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1049">47.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1050">170.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1051">217.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1052">37.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1053">142.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1054">179.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1055">3.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1056">55.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 170.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1057">58.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 196.5pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Exchanges<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 52.09pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">7<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1058">40.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1059">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1060">40.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1061">36.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1062">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1063">36.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1064">32.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1065">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 196.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:InterestExpenseOnDepositsInExchanges" scale="6" id="f-1066">32.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 210.75pt; width: 108.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 46.510000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">8<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1067">20.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1068">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1069">20.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1070">35.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1071">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1072">35.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1073">42.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1074">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 210.75pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" scale="6" id="f-1075">42.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 225pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease interest expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1076">3.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1077">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1078">3.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1079">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1080">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1081">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1082">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1083">0.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 225pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.07pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-1084">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-152" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1085">367.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1086">170.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1087">538.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1088">328.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1089">142.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1090">470.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-156" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1091">109.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1092">55.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 239.25pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-1093">165.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 253.5pt; width: 108.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 108.75pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-146" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1094">369.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 147pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-153" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1095">142.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 185.25pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1096">227.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1097">242.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 264.75pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.95pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-155" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1098">120.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 303pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1099">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 344.25pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1100">77.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 382.5pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 9.51pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-5" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1101">47.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 253.5pt; width: 38.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 38.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-1102">29.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-994-1"><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 367.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain categories of interest income and expense have been <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 247.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">restated<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 269.15pt; position: var(--position); text-decoration: none; white-space: pre;"> to better reflect the appropriate underlying business driver.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 375.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income earned from investment of customer funds into securities purchased under agreements to resell or purchases of US Treasury securities. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 382.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Securities interest income primarily arising from US Treasuries held as collateral for securities purchased under agreements to resell, and securities segregated under <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 389.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Federal and&#160;other regulation and interest income from the Group's stock lending activities within the Group's held to collect business model.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 396.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income from clients is the result of credit lines offered to clients.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 403.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense includes interest paid to clients on cash deposited with the Group by clients.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 411.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">6.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense from debt securities includes the interest component on structured notes and the coupons for Group issuance. Interest expense from Group Issuance was <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 418.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-158" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1103">44.7</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 102.74pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 123.03pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-159" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1104">33.4</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 143pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: $<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 166.29pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-160" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" format="ixt:fixed-zero" scale="0" id="f-1105">nil</ix:nonFraction><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 172.28pt; position: var(--position); text-decoration: none; white-space: pre;">) and interest expense on structured notes was <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 298.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-161" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1106">170.4</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 321.71pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 342pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-162" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1107">142.2</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 365.29999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 385.26pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-163" decimals="-5" name="mar:InterestExpenseOnBorrowingsAndDebtInstrumentsIssued" scale="6" id="f-1108">55.1</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 405.22999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">). Structured notes are measured at fair value <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 425.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">through profit or loss.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 432.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">7.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense from balances placed at exchanges, clearing houses, and intermediary brokers placed at these counterparties to facilitate transactional activity. Interest <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 439.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">expense is calculated using an internal deposit rate linked to the benchmark interest rates.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 447.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">8.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Securities expense primarily relates to interest expenses on stock lending transactions initiated to fund customer positions and interest expense from the Group's stock <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 454.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">lending activities within the Group's held to collect business model.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></ix:continuation><div style="position: absolute; top: 568.35pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1228"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 568.35pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEmployeeBenefitsExplanatory" id="f-1109" continuedAt="f-1109-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">7&#160; &#160; &#160; &#160; Compensation and benefits<span style="display: inline-block; height: 8pt;"></span><span id="id9b11a03c4784932a586d821c17ae427"></span></span></ix:nonNumeric></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">236<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="-sec-extract: summary; left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1109-1" continuedAt="f-1109-2"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:EmployeeBenefitsTableTextBlock" id="f-1110" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Wages and salaries<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:WagesAndSalaries" scale="6" id="f-1111">845.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:WagesAndSalaries" scale="6" id="f-1112">680.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:WagesAndSalaries" scale="6" id="f-1113">382.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based compensation expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-1114">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-1115">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-1116">16.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Employer&#8217;s national insurance contributions and similar taxes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:EmployerInsuranceContributionsAndTaxes" scale="6" id="f-1117">60.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:EmployerInsuranceContributionsAndTaxes" scale="6" id="f-1118">43.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:EmployerInsuranceContributionsAndTaxes" scale="6" id="f-1119">26.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short-term monetary benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherShorttermEmployeeBenefits" scale="6" id="f-1120">17.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherShorttermEmployeeBenefits" scale="6" id="f-1121">15.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherShorttermEmployeeBenefits" scale="6" id="f-1122">7.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Defined contribution pension cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-1123">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-1124">8.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-1125">3.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Apprenticeship levy<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ApprenticeshipLevy" scale="6" id="f-1126">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ApprenticeshipLevy" scale="6" id="f-1127">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ApprenticeshipLevy" scale="6" id="f-1128">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Redundancy payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:RedundancyPayments" scale="6" id="f-1129">5.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:RedundancyPayments" scale="6" id="f-1130">1.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:RedundancyPayments" scale="6" id="f-1131">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total staff costs<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-1132">971.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-1133">770.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:EmployeeBenefitsExpense" scale="6" id="f-1134">438.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 219.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, there were contributions totall<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.97pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">i</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 349.19pt; position: var(--position); text-decoration: none; white-space: pre;">ng <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 363.08000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:BenefitsPayable" scale="6" id="f-1135">1.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.86pt; position: var(--position); text-decoration: none; white-space: pre;"> (20<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 408.08000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">23:</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 421.97pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424.74pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:BenefitsPayable" scale="6" id="f-1136">1.6</ix:nonFraction>m</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 452.52pt; position: var(--position); text-decoration: none; white-space: pre;">) payable to the <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 231.5pt; width: 612pt;"><ix:continuation id="f-1109-2"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">defined contribution pension scheme by the Group.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.11pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 267.5pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1237"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 267.5pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOtherProvisionsExplanatory" id="f-1137" continuedAt="f-1137-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">8&#160; &#160; &#160; Other expenses<span style="display: inline-block; height: 8pt;"></span><span id="i2195717b9b73481bb3cfb8993f8ae88d"></span></span></ix:nonNumeric></div><ix:continuation id="f-1137-1"><div style="position: var(--position); top: 290.7pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:OtherProvisionsTableTextBlock" id="f-1138" escape="true"><div style="font-size: 0pt; left: 72.75pt; position: var(--position); top: 0pt; width: 467.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 310.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Professional fees<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-1139">87.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-1140">61.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-1141">44.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-trading technology and support<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ExpensesFromRenderingOfInformationTechnologyMaintenanceAndSupportServices" scale="6" id="f-1142">59.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ExpensesFromRenderingOfInformationTechnologyMaintenanceAndSupportServices" scale="6" id="f-1143">45.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ExpensesFromRenderingOfInformationTechnologyMaintenanceAndSupportServices" scale="6" id="f-1144">36.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trading systems and market data<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ExpensesFromRenderingTradingSystemsAndMarketData" scale="6" id="f-1145">68.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ExpensesFromRenderingTradingSystemsAndMarketData" scale="6" id="f-1146">54.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ExpensesFromRenderingTradingSystemsAndMarketData" scale="6" id="f-1147">25.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Occupancy and equipment rental<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OccupancyAndRentalExpense" scale="6" id="f-1148">25.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:OccupancyAndRentalExpense" scale="6" id="f-1149">23.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OccupancyAndRentalExpense" scale="6" id="f-1150">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Travel and business development<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:TravelAndBusinessDevelopmentExpense" scale="6" id="f-1151">25.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:TravelAndBusinessDevelopmentExpense" scale="6" id="f-1152">20.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:TravelAndBusinessDevelopmentExpense" scale="6" id="f-1153">10.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Communications<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CommunicationExpense" scale="6" id="f-1154">8.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CommunicationExpense" scale="6" id="f-1155">7.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CommunicationExpense" scale="6" id="f-1156">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bank fees<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:BankAndSimilarCharges" scale="6" id="f-1157">8.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:BankAndSimilarCharges" scale="6" id="f-1158">5.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:BankAndSimilarCharges" scale="6" id="f-1159">4.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Owner fees<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-1160">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-1161">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:OwnerFeesExpense" scale="6" id="f-1162">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">VAT (irrecoverable)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:ValueAddedTaxExpense" scale="6" id="f-1163">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:ValueAddedTaxExpense" scale="6" id="f-1164">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:ValueAddedTaxExpense" scale="6" id="f-1165">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 310.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 310.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:MiscellaneousOtherOperatingExpense" scale="6" id="f-1166">15.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:MiscellaneousOtherOperatingExpense" scale="6" id="f-1167">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:MiscellaneousOtherOperatingExpense" scale="6" id="f-1168">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 310.5pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-1169">306.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363.75pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-1170">237.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-1171">147.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div></ix:continuation><div style="position: absolute; top: 495.35pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1246"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 495.35pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfIncomeTaxExplanatory" id="f-1172" continuedAt="f-1172-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">9&#160; &#160; &#160; Tax<span style="display: inline-block; height: 8pt;"></span><span id="i2cff6f2a2fdb41e4b23389c8b1b0420b"></span></span></ix:nonNumeric></div><ix:continuation id="f-1172-1" continuedAt="f-1172-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 518.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Tax expense<span style="display: inline-block; height: 7.28pt;"></span><span id="i82c4d90a03884c48ac898b4dcd724f9d"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="-sec-extract: summary; left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">237<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="-sec-extract: summary; left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="-sec-extract: exhibit; color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1172-2" continuedAt="f-1172-3"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock" id="f-1173" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">UK corporation tax on profit for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:CurrentTaxExpenseIncomeDomestic" scale="6" id="f-1174">40.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:CurrentTaxExpenseIncomeDomestic" scale="6" id="f-1175">38.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:CurrentTaxExpenseIncomeDomestic" scale="6" id="f-1176">19.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign corporation tax on profit for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:CurrentTaxExpenseIncomeForeign" scale="6" id="f-1177">43.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:CurrentTaxExpenseIncomeForeign" scale="6" id="f-1178">23.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:CurrentTaxExpenseIncomeForeign" scale="6" id="f-1179">4.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total UK and Foreign corporation tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncome" scale="6" id="f-1180">83.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncome" scale="6" id="f-1181">62.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncome" scale="6" id="f-1182">23.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 95.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustment in respect of prior years:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 109.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">UK corporation tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 109.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsDomestic" scale="6" id="f-1183">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 109.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsDomestic" scale="6" id="f-1184">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 109.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsDomestic" scale="6" id="f-1185">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 123.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign corporation tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 123.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsForeign" scale="6" id="f-1186">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 123.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsForeign" scale="6" id="f-1187">1.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 123.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:AdjustmentsForCurrentTaxOfPriorPeriodsForeign" scale="6" id="f-1188">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total adjustments in respect of prior years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 138pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod" scale="6" id="f-1189">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 138pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod" scale="6" id="f-1190">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 138pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod" scale="6" id="f-1191">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 152.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" scale="6" id="f-1192">83.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 152.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" scale="6" id="f-1193">63.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 152.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" scale="6" id="f-1194">24.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 166.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Origination and reversal of temporary differences<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" scale="6" id="f-1195">5.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" scale="6" id="f-1196">9.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" scale="6" id="f-1197">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 195pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustment in respect of prior years &#8211; other<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:AdjustmentsForDeferredTaxOfPriorPeriodsOther" scale="6" id="f-1198">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdjustmentsForDeferredTaxOfPriorPeriodsOther" scale="6" id="f-1199">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:AdjustmentsForDeferredTaxOfPriorPeriodsOther" scale="6" id="f-1200">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods" scale="6" id="f-1201">5.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods" scale="6" id="f-1202">8.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods" scale="6" id="f-1203">1.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 223.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax expense for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1204">77.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1205">55.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 223.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1206">23.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 253.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax charge relating to items recognised in OCI<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 267.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Items that may be reclassified subsequently to profit and loss<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-1207">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-1208">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-1209">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 282pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Items that will not be recycled to profit and loss<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-1210">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-1211">1.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-1212">1.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeExcludingShareBasedPayments" scale="6" id="f-1213">11.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeExcludingShareBasedPayments" scale="6" id="f-1214">1.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeExcludingShareBasedPayments" scale="6" id="f-1215">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 310.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current tax expense relating to items recognised in Equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" scale="6" id="f-1216">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" format="ixt:fixed-zero" scale="6" id="f-1217">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" format="ixt:fixed-zero" scale="0" id="f-1218">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 324.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax expense relating to items recognised in Equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 324.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" scale="6" id="f-1219">12.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 324.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" scale="6" id="f-1220">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 324.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" format="ixt:fixed-zero" scale="0" id="f-1221">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Reconciliation between tax expense and profit before tax<span style="display: inline-block; height: 7.28pt;"></span><span id="ia8664d2c08194b859ece4d35c5f0bd0e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s reconciliation between the tax expense and profit before tax is based on its domestic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UK tax rate. The tax assessed for the year is higher (2023: higher; 2022: higher) than the standard rate of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corporation tax in the UK of 25% (2023: 23.5%; 2022: 19.0%). This is primarily driven by material non-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deductible acquisition and IPO preparation expenses incurred during the year, offset by deductions taken <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in respect of the Group's AT1 securities issuance in June 2022. Under IAS12, whilst the coupon on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 is accounted for in equity, the related tax relief is recognised in the Income Statement which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 516pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">generates a material tax reconciling item. The headline rate of UK corporation tax increased from 19% to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">25% on 1 April 2023 which results in a blended effective rate of 23.50% for 2023 and 25% for 2024 and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 540pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">future periods. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s future tax expense will be sensitive to the geographic mix of profits earned, the tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rates in force and changes to the tax rules in the jurisdictions in which the Group operates.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="-sec-extract: summary; left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">238<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="-sec-extract: summary; left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="-sec-extract: exhibit; color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1172-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock" id="f-1222" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AccountingProfit" scale="6" id="f-1223">295.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AccountingProfit" scale="6" id="f-1224">196.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AccountingProfit" scale="6" id="f-1225">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 9.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 46.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expected tax expense based on the standard rate of corporation tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">in the UK of 25% (2023: 23.50%; 2022: 19.0%)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 46.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" scale="6" id="f-1226">73.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 46.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" scale="6" id="f-1227">46.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 46.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" scale="6" id="f-1228">23.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Explained by:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Effect of overseas tax rates<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 87pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-1229">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 87pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-1230">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 87pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-1231">1.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 101.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Income not subject to tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 101.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" scale="6" id="f-1232">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 101.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" scale="6" id="f-1233">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 101.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" scale="6" id="f-1234">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 115.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses not deductible for tax purposes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 115.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" scale="6" id="f-1235">6.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 115.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" scale="6" id="f-1236">4.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 115.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" scale="6" id="f-1237">4.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-deductible goodwill adjustments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 129.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxEffectOfImpairmentOfGoodwill" format="ixt:fixed-zero" scale="6" id="f-1238">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 129.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxEffectOfImpairmentOfGoodwill" scale="6" id="f-1239">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 129.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:TaxEffectOfImpairmentOfGoodwill" scale="6" id="f-1240">2.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Movements in deferred tax not recognised<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 144pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:TaxEffectOfTaxLosses" scale="6" id="f-1241">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 144pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:TaxEffectOfTaxLosses" scale="6" id="f-1242">2.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 144pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:TaxEffectOfTaxLosses" scale="6" id="f-1243">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 158.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deductible payments on AT1 securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 158.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:TaxEffectOfPaymentsOnFinancialInstrumentsInReserves" scale="6" id="f-1244">3.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 158.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:TaxEffectOfPaymentsOnFinancialInstrumentsInReserves" scale="6" id="f-1245">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 158.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="mar:TaxEffectOfPaymentsOnFinancialInstrumentsInReserves" scale="6" id="f-1246">1.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 172.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax rate change<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 172.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:TaxEffectFromChangeInTaxRate" format="ixt:fixed-zero" scale="6" id="f-1247">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 172.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:TaxEffectFromChangeInTaxRate" scale="6" id="f-1248">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 172.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="ifrs-full:TaxEffectFromChangeInTaxRate" scale="6" id="f-1249">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 186.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Prior year adjustments <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:TaxEffectOfPriorYearIncomeTaxes" scale="6" id="f-1250">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:TaxEffectOfPriorYearIncomeTaxes" scale="6" id="f-1251">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 186.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:TaxEffectOfPriorYearIncomeTaxes" scale="6" id="f-1252">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax expense for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1253">77.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1254">55.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 201pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1255">23.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 8.5pt; position: var(--position); top: 302.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Impact of Pillar II model rules on the group<span style="display: inline-block; height: 6.18pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In December 2021, the OECD released the Pillar Two model rules, also referred to as the &#8216;Global <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Anti-Base Erosion&#8217; or &#8216;GLOBE&#8217; rules. Several jurisdictions in which the Group operates have adopted the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">OECD rules including the UK and France who have both transposed the rules into their respective tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">legislation effective for years beginning on or after 31 December 2023.The Group is expected to meet the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">criteria to be subject to these rules. The Group currently has trading operations in the following low tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">jurisdictions with an IAS 12 Effective Tax Rate ('ETR') below 15%: Ireland and the UAE. Ireland and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UAE are both subject to tax at a headline rate of less than 15% and as such we will be required to make a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">top-up payment in both jurisdictions to bring the effective tax rate up to 15%. The impact of these is set <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.89pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">out below for the year ended 31 December 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 437.89pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfKnownOrReasonablyEstimableInformationAboutExposureToPillarTwoIncomeTaxesExplanatory" id="f-1256" escape="true"><div style="font-size: 0pt; left: 100.35pt; position: var(--position); top: 0pt; width: 439.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 107.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; border-top: 1pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 383.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 38.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 1pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 383.25pt; position: var(--position); top: 11.25pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ireland<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 383.25pt; position: var(--position); top: 22.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-164" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" scale="6" id="f-1257">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 276pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">United Arab Emirates<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 383.25pt; position: var(--position); top: 36.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-165" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" scale="6" id="f-1258">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 276pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 276pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current tax expense related to Pillar II<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 383.25pt; position: var(--position); top: 51pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" scale="6" id="f-1259">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div></ix:continuation><div style="position: absolute; top: 532.14pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1268"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 532.14pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDividendsExplanatory" id="f-1260" continuedAt="f-1260-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">10&#160; &#160; &#160; Dividends Paid and Proposed<span style="display: inline-block; height: 8pt;"></span><span id="i30d3634870494c9b9cac40cc0224698e"></span></span></ix:nonNumeric></div><ix:continuation id="f-1260-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 555.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.12pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DividendsPaidOrdinaryShares" scale="6" id="f-1261">63.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 191.45999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> were paid to ordinary shareholders during the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 567.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DividendsPaidOrdinaryShares" scale="6" id="f-1262">45.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.45pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 175.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:DividendsPaidOrdinaryShares" format="ixt:fixed-zero" scale="0" id="f-1263">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">) as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 585.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">First interim dividend for the year ended 31 December 2024 paid at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407.4pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-166" decimals="2" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" scale="0" id="f-1264">0.41</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 432.41pt; position: var(--position); text-decoration: none; white-space: pre;"> per share.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 603.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">Second and third interim dividends for the year ended 31 December 2024 paid at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.54pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-167" decimals="2" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" scale="0" id="f-1265"><ix:nonFraction unitRef="usdPerShare" contextRef="c-168" decimals="2" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" scale="0" id="f-1266">0.14</ix:nonFraction></ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 493.55pt; position: var(--position); text-decoration: none; white-space: pre;"> per share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 615.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in line with the Group's progressive dividend policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 633.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends per weighted number of shares amounted to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.9pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="mar:DividendsPerShareWeightedAveragePrice" scale="0" id="f-1267">0.22</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 370.90999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> in 2023.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 651.34pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Refer to note<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 158.10999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 160.88pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1432">28</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 172pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">for dividends paid to holders of Additional Tier 1 securities.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 669.34pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1277"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 669.34pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGoodwillExplanatory" id="f-1268" continuedAt="f-1268-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">11&#160; &#160; &#160; Goodwill<span style="display: inline-block; height: 8pt;"></span><span id="icac928c0cdc147909be4e0b1c034b83c"></span></span></ix:nonNumeric></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">239<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1268-1" continuedAt="f-1268-2"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" id="f-1269" continuedAt="f-1269-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-169" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1270">239.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-170" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1271">220.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-171" decimals="-5" name="mar:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsAndGoodwill" scale="6" id="f-1272">12.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-172" decimals="-5" name="mar:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsAndGoodwill" scale="6" id="f-1273">18.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cost at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-173" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1274">252.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-169" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1275">239.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment losses at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-174" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1276">75.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-175" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1277">64.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of Volatility Performance Fund S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-176" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="6" id="f-1278">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-177" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1279">10.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net book value at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-178" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1280">176.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-179" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1281">163.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 205.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Goodwill impairment testing<span style="display: inline-block; height: 7.28pt;"></span><span id="ie0d5a99931b849c0aafa81b3845b6ffc"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 223.25pt; width: 612pt;"><ix:continuation id="f-1269-1" continuedAt="f-1269-2"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For the purpose of impairment testing, goodwill has been allocated to the CGUs which represent <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-1269-2" continuedAt="f-1269-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 235.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the level at which goodwill is&#160;monitored and managed:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 253.25pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Group goodwill by CGU:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Energy<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-180" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1282">86.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-181" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1283">83.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CSC Commodities UK Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-182" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1284">20.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-183" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1285">20.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agriculture<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-184" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1286">11.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-185" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1287">11.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volatility Performance Fund S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-186" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="6" id="f-1288">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-187" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="6" id="f-1289">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rosenthal Collins Group<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-188" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1290">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-189" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1291">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volcap Trading Partners Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-190" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1292">7.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-191" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1293">7.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">X-Change Financial Access LLC<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-192" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1294">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-193" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1295">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recycled Metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-194" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1296">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-195" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1297">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ProTrader<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-196" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1298">3.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-197" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1299">3.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Spectron Europe Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-198" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1300">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-199" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1301">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 179.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Arfinco S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-200" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1302">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-201" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1303">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 193.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">OTCex<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 193.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-202" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1304">13.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 193.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-203" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1305">12.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 207.75pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cowen's Prime Services and Outsourced Trading Business<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 263.95pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1306">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-205" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1307">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 222pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Dropet<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 222pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-206" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1308">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 222pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-207" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="6" id="f-1309">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 236.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">I.L.S. Brokers Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-208" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1310">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-209" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="3" id="f-1311">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 250.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-178" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1312">176.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-179" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1313">163.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 533pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">1 <span style="display: inline-block; height: 4.36pt; width: 3.51pt;"></span></span><span style="left: 80.5pt; position: var(--position);">There has been an increase in the Cowen goodwill due to the recognition of deferred tax on the customer list intangible recorded as a part of the finalisation of the purchase <span style="display: inline-block; height: 4.36pt;"></span></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 540.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;">price <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 95.14pt; position: var(--position); text-decoration: none; white-space: pre;">agreement and the finalisation of the provisional accounting during 2024. <span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 553.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The Group performed the annual impairment test as at 1 October each year. Between annual tests, </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">the Group reviews&#160;each CGU for impairment triggers that could adversely impact the valuation of the </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 577.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">CGU and, if necessary, undertakes additional impairment testing. In assessing whether an impairment is </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 589.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">required, the carrying value of the CGU is compared with the recoverable amount, which is determined by </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 601.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">calculating both the fair value less cost of disposal (&#8216;FVLCD&#8217;) and the value in use&#160;(&#8216;VIU&#8217;). The higher of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 613.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">these two amounts is compared with the carrying value of the CGU. If either the VIU or the FVLCD </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.4pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">is&#160;higher than the carrying value, no impairment is necessary.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 643.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill arising from business combinations during the year has been allocated to CGUs that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 655.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expected to benefit from the&#160;synergies and summarised as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 673.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill amounting to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-210" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1314">2.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 235.45pt; position: var(--position); text-decoration: none; white-space: pre;"> arising on the acquisition of Pinnacle Fuel LLC has been allocated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">to the Energy CGU.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">240<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1268-2" continuedAt="f-1268-3"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Dropet and ILS have been identified as standalone CGUs, with goodwill amounting to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 485.96999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$<ix:nonFraction unitRef="usd" contextRef="c-206" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1315">1.8</ix:nonFraction>m</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 513.75pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> and </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">$<ix:nonFraction unitRef="usd" contextRef="c-208" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1316">3.1</ix:nonFraction>m</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.8pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> arising on the acquisition of each business, respectively, recognised during the year. The </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">allocation of goodwill to each CGU represents the&#160;lowest level at which the goodwill is monitored </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">for internal management purposes.</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 261.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="INF" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="0" id="f-1317"><ix:nonFraction unitRef="usd" contextRef="c-212" decimals="INF" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:fixed-zero" scale="0" id="f-1318">No</ix:nonFraction></ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.8pt; position: var(--position); text-decoration: none; white-space: pre;"> impairment arose as a result of the annual impairment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">testing over goodwill during the year. In 2023, the impairment charge&#160;was against the Volatility <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Performance Fund S.A. CGU (&#8216;VPF&#8217;). Due to a combination of projected performance and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">macroeconomic factors, the recoverable amount for the VPF of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 387.04999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-213" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1319">6.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 414.83pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.37pt; position: var(--position); text-decoration: none; white-space: pre;">based upon its VIU, was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">lower than its carrying value&#160;of<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.99pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.76pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-214" decimals="-5" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1320">17.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 277.1pt; position: var(--position); text-decoration: none; white-space: pre;"> and an impairment charge of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 409.85999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-215" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1321">10.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.2pt; position: var(--position); text-decoration: none; white-space: pre;"> was recognised. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, the review of the indicators of impairment did not require any further <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">testing<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Key assumptions<span style="display: inline-block; height: 7.28pt;"></span><span id="i4e6db26184044e42b0d2ea18f4788d4e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value less cost of disposal is determined by applying a price earnings multiple to the post-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">tax earnings of each CGU arising in&#160;the period and for the effect of any organisational changes to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the CGU. The price earnings multiples applied are derived from comparable peer companies.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Comparable peers are those against whom our stakeholders evaluate our performance, whilst the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">price earnings multiples are obtained from third party market data providers. The provision of data <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">from third party data sources, such as Bloomberg, would suggest that this data and therefore any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">valuation conducted using this data would contain only observable market data. However, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">management applies a level of judgement in the application of this data and in determining the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">price earnings multiple. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">In assessing the VIU, a discounted cash flow model is used covering a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsProjectedPeriod" format="ixt-sec:duryear" id="f-1322">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 425.96999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> year projected period, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">which drives the valuation of the CGUs. VIU was calculated using post-tax discount rates and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">post-tax cash flows. An equivalent pre-tax discount rate was determined and has been presented <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">in the table below. Future projections are based on the most recent financial projections <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">considered by the Board of Directors as at the valuation date which are used to project post-tax <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">cash flows for the next <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 208.2pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsProjectedPeriod" format="ixt-sec:duryear" id="f-1323">5</ix:nonNumeric> years<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.98000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">. After this period, a steady cash flow is used to derive a terminal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">value for the CGU. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The stable terminal growth rate for each CGU has been assessed on a standalone basis taking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">into account market and company expectations for each unit which are summarised as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Energy, Agriculture and Marex Spectron Europe Limited have been forecast using a terminal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">growth rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 169.88pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-216" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" format="ixt:fixed-zero" scale="0" id="f-1324"><ix:nonFraction unitRef="number" contextRef="c-217" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" format="ixt:fixed-zero" scale="0" id="f-1325"><ix:nonFraction unitRef="number" contextRef="c-218" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" format="ixt:fixed-zero" scale="0" id="f-1326">nil</ix:nonFraction></ix:nonFraction></ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 179.88pt; position: var(--position); text-decoration: none; white-space: pre;">% owing to voice brokerage not expected to be a growth business in the long <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">term.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">All other CGUs are expected to grow at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 282.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-219" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1327"><ix:nonFraction unitRef="number" contextRef="c-220" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1328"><ix:nonFraction unitRef="number" contextRef="c-221" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1329"><ix:nonFraction unitRef="number" contextRef="c-222" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1330"><ix:nonFraction unitRef="number" contextRef="c-223" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1331"><ix:nonFraction unitRef="number" contextRef="c-224" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1332"><ix:nonFraction unitRef="number" contextRef="c-225" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1333"><ix:nonFraction unitRef="number" contextRef="c-226" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1334"><ix:nonFraction unitRef="number" contextRef="c-227" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1335"><ix:nonFraction unitRef="number" contextRef="c-228" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1336"><ix:nonFraction unitRef="number" contextRef="c-229" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1337"><ix:nonFraction unitRef="number" contextRef="c-230" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1338">2</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 297.07pt; position: var(--position); text-decoration: none; white-space: pre;"> which is in line with the long-run sustainable growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">rate and inflation target across all economies in which the Group operates. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">During 2023, the stable terminal growth rate of all CGUs was expected to be <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 445.93pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-231" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1339"><ix:nonFraction unitRef="number" contextRef="c-232" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1340"><ix:nonFraction unitRef="number" contextRef="c-233" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1341"><ix:nonFraction unitRef="number" contextRef="c-234" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1342"><ix:nonFraction unitRef="number" contextRef="c-235" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1343"><ix:nonFraction unitRef="number" contextRef="c-236" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1344"><ix:nonFraction unitRef="number" contextRef="c-237" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1345"><ix:nonFraction unitRef="number" contextRef="c-238" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1346"><ix:nonFraction unitRef="number" contextRef="c-239" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1347"><ix:nonFraction unitRef="number" contextRef="c-240" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1348"><ix:nonFraction unitRef="number" contextRef="c-241" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1349"><ix:nonFraction unitRef="number" contextRef="c-242" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1350"><ix:nonFraction unitRef="number" contextRef="c-243" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1351"><ix:nonFraction unitRef="number" contextRef="c-244" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1352"><ix:nonFraction unitRef="number" contextRef="c-245" decimals="2" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-1353">2</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 460.38pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Discount rates represent the current market assessment of the risks specific to each CGU, taking <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">into consideration the time value of&#160;money and individual risks of the assets that have not been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">incorporated in the cash flow estimates. The discount rate&#160;calculation is based on the market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">assessment of the weighted average cost of capital derived from observable inputs at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">valuation date. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">&#8226;</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The other assumption for the VIU calculation is that total direct costs are expected to grow by </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-221" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1354"><ix:nonFraction unitRef="number" contextRef="c-224" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1355"><ix:nonFraction unitRef="number" contextRef="c-222" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1356"><ix:nonFraction unitRef="number" contextRef="c-216" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1357"><ix:nonFraction unitRef="number" contextRef="c-228" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1358"><ix:nonFraction unitRef="number" contextRef="c-227" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1359"><ix:nonFraction unitRef="number" contextRef="c-226" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1360"><ix:nonFraction unitRef="number" contextRef="c-225" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1361"><ix:nonFraction unitRef="number" contextRef="c-229" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1362"><ix:nonFraction unitRef="number" contextRef="c-220" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1363"><ix:nonFraction unitRef="number" contextRef="c-217" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1364"><ix:nonFraction unitRef="number" contextRef="c-230" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1365"><ix:nonFraction unitRef="number" contextRef="c-218" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1366"><ix:nonFraction unitRef="number" contextRef="c-223" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1367"><ix:nonFraction unitRef="number" contextRef="c-219" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1368">5.0</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.8pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> over the first </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.31pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsInitialPeriod" format="ixt-sec:duryear" id="f-1369">2</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 194.87pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> years of the </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsProjectedPeriod" format="ixt-sec:duryear" id="f-1370">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.18pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> year projected period for all CGUs in line with the global </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">headline inflation forecast before stabilizing at between </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 351.55pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-246" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1371"><ix:nonFraction unitRef="number" contextRef="c-247" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1372"><ix:nonFraction unitRef="number" contextRef="c-248" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1373"><ix:nonFraction unitRef="number" contextRef="c-249" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1374"><ix:nonFraction unitRef="number" contextRef="c-250" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1375"><ix:nonFraction unitRef="number" contextRef="c-251" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1376"><ix:nonFraction unitRef="number" contextRef="c-252" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1377"><ix:nonFraction unitRef="number" contextRef="c-253" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1378"><ix:nonFraction unitRef="number" contextRef="c-254" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1379"><ix:nonFraction unitRef="number" contextRef="c-255" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1380"><ix:nonFraction unitRef="number" contextRef="c-256" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1381"><ix:nonFraction unitRef="number" contextRef="c-257" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1382"><ix:nonFraction unitRef="number" contextRef="c-258" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1383"><ix:nonFraction unitRef="number" contextRef="c-259" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1384"><ix:nonFraction unitRef="number" contextRef="c-260" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1385">0</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 357.11pt; position: var(--position); text-decoration: none; white-space: pre;">-<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.44pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-261" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1386"><ix:nonFraction unitRef="number" contextRef="c-262" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1387"><ix:nonFraction unitRef="number" contextRef="c-263" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1388"><ix:nonFraction unitRef="number" contextRef="c-264" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1389"><ix:nonFraction unitRef="number" contextRef="c-265" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1390"><ix:nonFraction unitRef="number" contextRef="c-266" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1391"><ix:nonFraction unitRef="number" contextRef="c-267" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1392"><ix:nonFraction unitRef="number" contextRef="c-268" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1393"><ix:nonFraction unitRef="number" contextRef="c-269" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1394"><ix:nonFraction unitRef="number" contextRef="c-270" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1395"><ix:nonFraction unitRef="number" contextRef="c-271" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1396"><ix:nonFraction unitRef="number" contextRef="c-272" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1397"><ix:nonFraction unitRef="number" contextRef="c-273" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1398"><ix:nonFraction unitRef="number" contextRef="c-274" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1399"><ix:nonFraction unitRef="number" contextRef="c-275" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsStabilizationRate" scale="0" id="f-1400">2</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">% for the remaining term based on </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">management's individual CGU forecasts. In 2023, total direct costs were expected to grow by </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-238" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1401"><ix:nonFraction unitRef="number" contextRef="c-240" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1402"><ix:nonFraction unitRef="number" contextRef="c-233" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1403"><ix:nonFraction unitRef="number" contextRef="c-237" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1404"><ix:nonFraction unitRef="number" contextRef="c-244" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1405"><ix:nonFraction unitRef="number" contextRef="c-242" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1406"><ix:nonFraction unitRef="number" contextRef="c-232" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1407"><ix:nonFraction unitRef="number" contextRef="c-231" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1408"><ix:nonFraction unitRef="number" contextRef="c-241" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1409"><ix:nonFraction unitRef="number" contextRef="c-245" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1410"><ix:nonFraction unitRef="number" contextRef="c-243" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1411"><ix:nonFraction unitRef="number" contextRef="c-235" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1412"><ix:nonFraction unitRef="number" contextRef="c-239" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1413">3.2</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.8pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> over the </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.45pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsProjectedPeriod" format="ixt-sec:duryear" id="f-1414">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.01pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> year projected period for all CGUs, with the exception of Cowen's Prime Services </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">and Outsourced Trading Business and OTCex SA Group, where total direct costs were expected </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">to grow by only </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-236" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1415">1.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.78pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> and </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-234" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" scale="-2" id="f-1416">2.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.77999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">, respectively; driven by inflation in the near term.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">241<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1268-3" continuedAt="f-1268-4"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 92.4pt; width: 612pt;"><ix:continuation id="f-1269-3" continuedAt="f-1269-4"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following inputs represent key assumptions for each CGU in 2024:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-1269-4" continuedAt="f-1269-5"><div style="position: var(--position); top: 110.4pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 156pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/></tr><tr style="height: 42.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 156pt;"><div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CGU<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.66pt; position: var(--position); text-decoration: none; white-space: pre;">Pre-tax <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.68pt; position: var(--position); text-decoration: none; white-space: pre;">valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.24pt; position: var(--position); text-decoration: none; white-space: pre;">discount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.24pt; position: var(--position); text-decoration: none; white-space: pre;">discount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.91pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 1.09pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.17pt; position: var(--position); text-decoration: none; white-space: pre;">terminal <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.49pt; position: var(--position); text-decoration: none; white-space: pre;">value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.91pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.99pt; position: var(--position); text-decoration: none; white-space: pre;">cost <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.49pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 17.89pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.99pt; position: var(--position); text-decoration: none; white-space: pre;">cost <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 26.29pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 34.69pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 58.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Energy<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1417">12.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1418">20.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1419">1.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1420">4.8</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1421">19.4</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1422">2.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 58.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-180" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1423">12.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CSC Commodities UK Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1424">12.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1425">27.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1426">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1427">5.2</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1428">49.2</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1429">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 72.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-182" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1430">13.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agriculture<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1431">12.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1432">40.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1433">1.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1434">10.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 15.23pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 35.760000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1435">2.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 87pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-184" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1436">20.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 101.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volatility Performance Fund S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" format="ixt:fixed-zero" scale="-2" id="f-1437">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" format="ixt:fixed-zero" scale="-2" id="f-1438">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" format="ixt:fixed-zero" scale="-2" id="f-1439">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" format="ixt:fixed-zero" scale="-2" id="f-1440">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" format="ixt:fixed-zero" scale="-2" id="f-1441">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" format="ixt:fixed-zero" scale="-2" id="f-1442">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 101.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 19.03pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 19.03pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-186" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" format="ixt:fixed-zero" scale="-2" id="f-1443">&#8212;</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 115.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rosenthal Collins Group<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1444">11.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1445">17.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1446">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1447">0.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1448">9.4</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1449">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 115.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-188" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1450">7.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volcap Trading Partners Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1451">11.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1452">12.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1453">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1454">1.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1455">0.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1456">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 129.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-190" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1457">5.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">X-Change Financial Access LLC<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1458">11.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1459">15.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1460">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1461">0.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1462">3.8</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1463">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 144pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-192" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1464">5.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 158.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recycled Metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1465">10.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1466">40.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1467">2.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1468">13.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 15.23pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 35.760000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1469">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 158.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-194" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1470">28.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 172.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ProTrader<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1471">12.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1472">59.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1473">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1474">2.2</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 15.23pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 35.760000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1475">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 172.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-196" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1476">8.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 186.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Spectron Europe Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1477">9.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1478">41.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1479">1.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1480">7.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 15.23pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 35.760000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1481">2.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 186.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-198" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1482">16.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 201pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Arfinco S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1483">10.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1484">11.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1485">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1486">1.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1487">0.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1488">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 201pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-200" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1489">4.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 215.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">OTCex <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1490">10.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1491">26.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1492">2.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1493">3.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1494">53.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1495">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 215.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-202" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1496">10.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 229.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cowen's Prime Services and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outsourced Trading Business<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1497">11.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1498">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1499">2.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1500">2.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1501">0.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1502">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 229.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-204" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1503">3.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 377.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;  n.m.not meaningful<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 384.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">This table does not include Dropet and ILS because these businesses were acquired after the annual impairment test. The associated goodwill was reviewed for <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 391.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">indicators of impairment as at 31 December 2024.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following inputs represent key assumptions for each CGU in 2023:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 422.75pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 156pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 42pt;"/></tr><tr style="height: 45pt;"><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 156pt;"><div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CGU<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.66pt; position: var(--position); text-decoration: none; white-space: pre;">Pre-tax <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.68pt; position: var(--position); text-decoration: none; white-space: pre;">valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.24pt; position: var(--position); text-decoration: none; white-space: pre;">discount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.24pt; position: var(--position); text-decoration: none; white-space: pre;">discount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.91pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.99pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.07pt; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.54pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 45pt; left: 336pt; overflow: hidden; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.34pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.34pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.69pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">terminal <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.52pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.93pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.74pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 45pt; left: 381pt; overflow: hidden; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.26pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">Valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.19pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">cost <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.93pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.74pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 45pt; left: 426pt; overflow: hidden; position: var(--position); top: 0pt; width: 42pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.74pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.34pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 20.14pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.19pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">cost <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 28.54pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.93pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 36.94pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.74pt; letter-spacing: 0.025em; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Energy<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1504">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1505">35.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1506">0.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1507">8.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1508">52.3</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1509">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 60.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-181" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1510">17.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">CSC Commodities UK Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1511">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1512">16.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1513">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1514">1.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1515">2.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1516">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-183" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1517">15.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agriculture<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1518">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1519">43.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1520">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1521">10.2</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 336pt; overflow: hidden; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1522">157.2</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1523">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 89.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-185" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1524">22.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 103.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volatility Performance Fund S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1525">9.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1526">4.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1527">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1528">8.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1529">5.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1530">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 103.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-187" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1531">7.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rosenthal Collins Group<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-189" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1532">11.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 4.02pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 4.02pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-189" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1533">150.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-189" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1534">1.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-189" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1535">0.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.33pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 35.76pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-189" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1536">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 117.75pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.33pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 35.76pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Volcap Trading Partners Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1537">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1538">42.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1539">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1540">11.6</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 336pt; overflow: hidden; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1541">132.3</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1542">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 132pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-191" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1543">27.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 146.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">X-Change Financial Access LLC<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1544">11.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1545">17.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1546">2.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1547">0.5</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1548">4.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1549">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 146.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-193" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1550">10.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 160.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recycled Metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1551">12.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1552">14.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1553">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1554">3.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1555">0.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1556">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 160.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-195" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1557">5.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ProTrader<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1558">13.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 4.02pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 4.02pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1559">345.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1560">1.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1561">3.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 16.33pt; position: var(--position); text-decoration: none; white-space: pre;">n.m.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 35.76pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1562">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 174.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-197" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1563">17.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Marex Spectron Europe Limited<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1564">9.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1565">19.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1566">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1567">2.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1568">15.5</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1569">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 189pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-199" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1570">15.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 203.25pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Arfinco S.A.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1571">9.7</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1572">12.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1573">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1574">1.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 11.81pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 11.81pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1575">0.1</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1576">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 203.25pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-201" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1577">5.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 217.5pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">OTCex SA Group<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1578">10.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1579">11.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1580">3.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1581">3.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1582">1.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1583">2.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 217.5pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-203" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1584">2.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 231.75pt; width: 156pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cowen's Prime Services and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 156pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outsourced Trading Business<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 156pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1585">10.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 201pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 9.58pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 9.58pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1586">19.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 246pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1587">3.3</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 291pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1588">0.9</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 336pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 6.25pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 6.25pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenTerminalValue" scale="-2" id="f-1589">11.0</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1590">1.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 426pt; position: var(--position); top: 231.75pt; width: 42pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 42pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 15.14pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 15.14pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-205" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1591">5.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 685.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;  n.m.not meaningful<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">242<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1268-4"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The impact on future cash flows resulting from falling growth rates does not reflect any </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">management actions that would </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">be taken</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.34pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In 2022 an impairment charge of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 247pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-276" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsAndGoodwill" scale="6" id="f-1592">53.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.34000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> was recognised in relation to the Energy CGU due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">declining budgeted performance and macroeconomic factors, such as high inflation and interest rates.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 144pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1287"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 144pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfIntangibleAssetsExplanatory" id="f-1593" continuedAt="f-1593-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">12&#160; &#160; &#160; Intangible Assets<span style="display: inline-block; height: 8pt;"></span><span id="i1fd40c345b284fce9429e8dbbb758323"></span></span></ix:nonNumeric></div><ix:continuation id="f-1593-1" continuedAt="f-1593-2"><div style="position: var(--position); top: 167.2pt; width: 612pt;"><ix:continuation id="f-1269-5" continuedAt="f-1269-6"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 209.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 34.48pt; position: var(--position); text-decoration: none; white-space: pre;">Customer <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.75pt; position: var(--position); text-decoration: none; white-space: pre;">Relationships<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 64.59pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.28pt; position: var(--position); text-decoration: none; white-space: pre;">Brands<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.84pt; position: var(--position); text-decoration: none; white-space: pre;">Software<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.67pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 20.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 20.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 20.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 20.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 45.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-277" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1594">17.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 45.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-278" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1595">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 45.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-279" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1596">26.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 45.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-280" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1597">44.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 60pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-281" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1598">32.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 60pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-282" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1599">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 60pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-283" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1600">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 60pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1601">34.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 74.25pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 74.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-281" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1602">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 74.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-282" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1603">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 74.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-283" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1604">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 74.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1605">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 88.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 88.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-281" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1606">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 88.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-282" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1607">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 88.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-283" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1608">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 88.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1609">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 102.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-285" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1610">49.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 102.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-286" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1611">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 102.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-287" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1612">29.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 102.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-288" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1613">81.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 117pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-289" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1614">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 117pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-290" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1615">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 117pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-291" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1616">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 117pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1617">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 131.25pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 131.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-289" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1618">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 131.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-290" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1619">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 131.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-291" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1620">8.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 131.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1621">8.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 145.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-289" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1622">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 145.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-290" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1623">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 145.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-291" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1624">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 145.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1625">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 159.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-293" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1626">52.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 159.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-294" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1627">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 159.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-295" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1628">37.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 159.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-296" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1629">92.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 185.25pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment provisions and amortisation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 199.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 199.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-297" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1630">3.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 199.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-298" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1631">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 199.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-299" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1632">15.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 199.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-300" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1633">18.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 213.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Charge for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 213.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-301" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1634">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 213.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-302" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1635">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 213.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-303" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1636">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 213.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-304" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1637">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 228pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 228pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-301" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1638">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 228pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-302" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1639">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 228pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-303" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1640">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 228pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-304" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1641">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 242.25pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 242.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-305" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1642">5.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 279pt; overflow: hidden; position: var(--position); top: 242.25pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 3pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">5.4<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 242.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-306" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1643">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 342pt; overflow: hidden; position: var(--position); top: 242.25pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 3pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">0.1<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 242.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-307" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1644">19.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 405pt; overflow: hidden; position: var(--position); top: 242.25pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 3pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);">19.7<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 242.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-308" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1645">25.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 256.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Charge for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 256.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-309" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1646">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 256.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-310" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1647">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 256.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-311" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1648">5.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 256.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-312" decimals="-5" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" scale="6" id="f-1649">10.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 270.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 270.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-309" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1650">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 270.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-310" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1651">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 270.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-311" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1652">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 270.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-312" decimals="-5" name="ifrs-full:DisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-1653">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 285pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 285pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-313" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1654">10.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 285pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-314" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1655">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 285pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-315" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1656">25.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 285pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-316" decimals="-5" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1657">36.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 310.5pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net book value<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 324.75pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 324.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-317" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1658">41.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 324.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-318" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1659">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 324.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-319" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1660">12.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 324.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1661">56.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 350.25pt; width: 209.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 209.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 209.25pt; position: var(--position); top: 350.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-320" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1662">44.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 350.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-321" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1663">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 350.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-322" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1664">9.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 350.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1665">56.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><ix:continuation id="f-1269-6" continuedAt="f-1269-7"><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 536.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Customer relationships, with a net book value of <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 211.89pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-317" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1666">41.8</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 231.86pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 252.14999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-320" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1667">44.2</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 272.12pt; position: var(--position); text-decoration: none; white-space: pre;">), mainly relate to the acquisitions of RCG <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 384.25pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-323" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1668">1.6</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 400.89pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 421.18pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-324" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1669">2.0</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 437.82pt; position: var(--position); text-decoration: none; white-space: pre;">), Volcap <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 462.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-325" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1670">3.7</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 479.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 499.71pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-326" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1671">4.2</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 516.35pt; position: var(--position); text-decoration: none; white-space: pre;">), XFA <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 543.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-327" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1672">3.0</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.41pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 119.69999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-328" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1673">3.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 136.34pt; position: var(--position); text-decoration: none; white-space: pre;">), Eagle Commodities <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 195.24pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-329" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1674">4.3</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 211.88pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 232.17000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-330" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1675">5.2</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 248.81pt; position: var(--position); text-decoration: none; white-space: pre;">), Cowen's Prime Service and Outsourced Trading Business <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 409.4pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-331" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1676">21.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 429.37pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 449.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-332" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1677">24.4</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 469.63pt; position: var(--position); text-decoration: none; white-space: pre;">) and GMN <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 500.57pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-333" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1678">2.2</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 517.21pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 551.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-334" decimals="-5" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-1679">2.6</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 99.41pt; position: var(--position); text-decoration: none; white-space: pre;">). The remaining amortisation periods are <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 210.43pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-335" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1680">3.25</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 222.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> years for RCG, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 265.33pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-336" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1681">5.75</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 276.98pt; position: var(--position); text-decoration: none; white-space: pre;"> years for Volcap, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 324.9pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-337" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1682">5</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 328.23pt; position: var(--position); text-decoration: none; white-space: pre;"> years for XFA, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 369.49pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-338" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1683">7.4</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 377.81pt; position: var(--position); text-decoration: none; white-space: pre;"> years for Eagle Commodities, <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 459.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-339" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1684">8</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 463pt; position: var(--position); text-decoration: none; white-space: pre;"> years for Cowen's Prime <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 558.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Service and Outsourced Trading Business and <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 207.95pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-340" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-1685">7.4</ix:nonNumeric><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 216.26999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> years for GMN.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 589.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The Group reviews all intangible assets for indicators of impairment as at 31 December each year. </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 601.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Both internal and external sources of information are considered when assessing whether indications </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 613.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">exists that an asset may be impaired. As at 31&#160;December 2024, an impairment trigger was identified when </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">assessing expected cash flows relating to acquired customer relationships, which resulted in the carrying </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 637.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">amount thereof being tested for impairment. No indicators of impairment were identified during 2023.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 655.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The recoverable amount of the intangible was based on the asset's value in use which exceeded </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 667.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">its recognised carrying amount thus no impairment recognised.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The value in use was calculated over the remaining useful life of the intangible.</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 448.63pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> The useful life of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 697.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">the intangible was determined at acquisition based on historical customer attrition rates.The forecasted </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 709.5pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">customer attrition rates were calculated by using the attrition rates for Prime Brokerage and Outsourced </span><span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">243<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1593-2" continuedAt="f-1593-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Trading which are </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.84pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="2" name="mar:IntangibleAssetsOtherThanGoodwillPrimeBrokerageAttritionRate" scale="-2" id="f-1686">10</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.85pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> and </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 196.07pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="2" name="mar:IntangibleAssetsOtherThanGoodwillOutsourcedTradingAttritionRate" scale="-2" id="f-1687">20</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 216.08pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> respectively. The estimated useful life of&#160; Prime Brokerage and </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Outsourced Trading customers is </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.42pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonNumeric contextRef="c-341" name="mar:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwillPrimeBrokerageAttritionRate" format="ixt-sec:duryear" id="f-1688">10</ix:nonNumeric></span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 232.54pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> and </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.76pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonNumeric contextRef="c-341" name="mar:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwillOutsourcedTradingAttritionRate" format="ixt-sec:duryear" id="f-1689">7</ix:nonNumeric></span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 260.32pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> years respectively. The customer attrition rates have an impact </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">on revenue and costs as the revenue and costs decrease in line with the customer attrition rates. As a </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">result of using the customer attrition rates to forecast revenue and costs, there was no need for a long </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">term growth rate to be used in the value in use. </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Revenue is forecast to grow by </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.32pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsRevenueNotLaterThanOneYear" scale="-2" id="f-1690">5</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> in 2025, </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.87pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsRevenueLaterThanOneYearAndNotLaterThanTwoYears" scale="-2" id="f-1691">3</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 310.32pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> in 2026 and </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 368.1pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsRevenueLaterThanTwoYears" scale="-2" id="f-1692">2</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.54999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> over the remaining useful life. The </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">growth is calculated after taking into account the customer attrition rates. The increase in 2025 is driven </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">by synergistic benefits from the intangible being purchased in 2023 and the increase in 2026 aligns with </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">global growth estimates.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The discount rate represents the current market assessment of the risks specific to the CGU to </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">which the asset is allocated and is based on the market assessment of the weighted average cost of </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">capital derived from observable inputs at the valuation date.</span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><ix:continuation id="f-1269-7" continuedAt="f-1269-8"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">The following inputs represent key assumptions used to determine the value in use:</span><span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-1269-8"><div style="position: var(--position); top: 252pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 490.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 117.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 53.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117.75pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.91pt; position: var(--position); text-decoration: none; white-space: pre;">Pre-tax <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.93pt; position: var(--position); text-decoration: none; white-space: pre;">valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 6.72pt; position: var(--position); text-decoration: none; white-space: pre;">discount rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 171pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.24pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 6.72pt; position: var(--position); text-decoration: none; white-space: pre;">discount rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.16pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.8pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">growth rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.24pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.8pt; position: var(--position); text-decoration: none; white-space: pre;">revenue <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">growth rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 330.75pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.24pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.83pt; position: var(--position); text-decoration: none; white-space: pre;">attrition rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.84pt; position: var(--position); text-decoration: none; white-space: pre;">Valuation cost <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.55pt; position: var(--position); text-decoration: none; white-space: pre;">growth rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 437.25pt; position: var(--position); top: 0pt; width: 53.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.24pt; position: var(--position); text-decoration: none; white-space: pre;">Breakeven <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11pt; position: var(--position); text-decoration: none; white-space: pre;">cost growth <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.79pt; position: var(--position); text-decoration: none; white-space: pre;">rate<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 117.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 117.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Customer Relationships<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117.75pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 20.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 20.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsValuation" scale="-2" id="f-1693">17.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 171pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 20.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 20.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:DiscountRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1694">80.0</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 224.25pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 26.39pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 26.39pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationRevenue" scale="-2" id="f-1695">2.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 277.5pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.5pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.5pt; position: var(--position);">(<ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" sign="-" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenRevenue" scale="-2" id="f-1696">10.9</ix:nonFraction>%)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 330.75pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 20.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 20.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:AttritionRateAppliedToCashFlowProjectionsBreakeven" scale="-2" id="f-1697">27.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 384pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 26.39pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 26.39pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsValuationCost" scale="-2" id="f-1698">2.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000000; border-top: 0.5pt solid #000000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 437.25pt; position: var(--position); top: 27.75pt; width: 53.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 53.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 24.16pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsBreakevenCost" scale="-2" id="f-1699">20.6</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">Other key assumptions relate to the cost growth rate, with total direct costs forecast to grow at </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 517.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsNotLaterThanTwoYears" scale="-2" id="f-1700">5</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 532.4pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">for the first </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonNumeric contextRef="c-317" name="mar:UsefulLifeOfGrowthRateUsedToExtrapolateCashFlowProjectionsDirectCosts" format="ixt-sec:duryear" id="f-1701">2</ix:nonNumeric></span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.50999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> years and </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.95pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:nonFraction unitRef="number" contextRef="c-317" decimals="2" name="mar:GrowthRateUsedToExtrapolateCashFlowProjectionsDirectCostsLaterThanTwoYears" scale="-2" id="f-1702">2</ix:nonFraction>%</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 191.4pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> over the remaining useful life in line with the global headline inflation forecast. </span><span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329pt; width: 612pt;"><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"><ix:continuation id="f-1593-3">The cost growth is calculated after taking into account the customer attrition rates.</ix:continuation> </span><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 378.2pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1296"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 378.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory" id="f-1703" continuedAt="f-1703-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">13&#160; &#160; &#160; Property, Plant and Equipment<span style="display: inline-block; height: 8pt;"></span><span id="i03e375149a53400eb3932c828000ad65"></span></span></ix:nonNumeric></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">244<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1703-1"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" id="f-1704" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 180pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.54pt; position: var(--position); text-decoration: none; white-space: pre;">Leasehold<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.32pt; position: var(--position); text-decoration: none; white-space: pre;">improvements<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 34.1pt; position: var(--position); text-decoration: none; white-space: pre;">Computer<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.77pt; position: var(--position); text-decoration: none; white-space: pre;">equipment<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 34.5pt; position: var(--position); text-decoration: none; white-space: pre;">Furniture,<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.49pt; position: var(--position); text-decoration: none; white-space: pre;">fixtures and <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.82pt; position: var(--position); text-decoration: none; white-space: pre;">fittings<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 50.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 27.75pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 27.75pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 27.75pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 27.75pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-342" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1705">13.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-343" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1706">25.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-344" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1707">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-280" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1708">45.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-345" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1709">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-346" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1710">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-347" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1711">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1712">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-345" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1713">3.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-346" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1714">3.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-347" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1715">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1716">9.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-348" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1717">18.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-349" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1718">28.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-350" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1719">8.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-288" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1720">55.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 110.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 110.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-351" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1721">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 110.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-352" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1722">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 110.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-353" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1723">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 110.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1724">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 124.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 124.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-351" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1725">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 124.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-352" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1726">5.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 124.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-353" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1727">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 124.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" scale="6" id="f-1728">11.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 138.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-351" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" scale="6" id="f-1729">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 138.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-352" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" scale="6" id="f-1730">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 138.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-353" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" scale="6" id="f-1731">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 138.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-292" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" scale="6" id="f-1732">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 153pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-354" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1733">23.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 153pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-355" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1734">33.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 153pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-356" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1735">9.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 153pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-296" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1736">66.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 178.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 192.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 192.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-357" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1737">6.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 192.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-358" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1738">22.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 192.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-359" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1739">4.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 192.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-300" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1740">33.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 207pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Charge for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 207pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-360" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1741">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 207pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-361" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1742">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 207pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-362" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1743">1.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 207pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-304" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1744">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 221.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 221.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-363" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1745">8.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 221.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-364" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1746">24.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 221.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-365" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1747">5.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 221.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-308" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1748">38.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 235.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Charge for the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 235.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-366" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1749">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 235.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-367" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1750">3.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 235.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-368" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1751">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 235.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-312" decimals="-5" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-1752">7.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 249.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 249.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-366" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1753">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 249.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-367" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1754">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 249.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-368" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1755">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 249.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-312" decimals="-5" name="ifrs-full:DisposalsPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-1756">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 264pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 264pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-369" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1757">10.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 264pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-370" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1758">28.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 264pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-371" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1759">6.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 264pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-316" decimals="-5" sign="-" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1760">46.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 289.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net book value<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 303.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 303.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-372" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1761">12.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 303.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-373" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1762">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 303.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-374" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1763">2.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 303.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1764">20.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 329.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 329.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-375" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1765">9.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 329.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-376" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1766">4.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 329.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-377" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1767">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 329.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:PropertyPlantAndEquipment" scale="6" id="f-1768">16.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 433.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Property, plant and equipment is measured at cost less accumulated depreciation and impairment. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 445.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation of property, plant and equipment begins when they are available for use (i.e. when they are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 457.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in the location and condition necessary for them to be capable of operating in the manner intended by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 469.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management). Depreciation is calculated on a straight-line basis over an asset&#8217;s estimated useful life. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 481.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">estimated useful economic lives of the Group&#8217;s property, plant and equipment are:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 499.7pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 234pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 234pt;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 234pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Leasehold improvements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 0pt; width: 234pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">over the remaining length of the lease or<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 14.63pt; width: 234pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-378" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" format="ixt-sec:duryear" id="f-1769">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 8.19pt; position: var(--position); text-decoration: none; white-space: pre;"> years straight-line, where appropriate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; border-top: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 26.25pt; width: 234pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Computer equipment and other hardware<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; border-top: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 26.25pt; width: 234pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-379" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" format="ixt-sec:duryear" id="f-1770">2</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 8.19pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-380" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" format="ixt-sec:duryear" id="f-1771">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.619999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> years straight-line<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; border-top: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 40.5pt; width: 234pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Furniture, fixtures and fittings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #3e3441; border-top: 0.5pt solid #3e3441; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 40.5pt; width: 234pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 234pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-381" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" format="ixt-sec:duryear" id="f-1772">2</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 8.19pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-382" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" format="ixt-sec:duryear" id="f-1773">5</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 27.619999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> years straight-line<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="position: absolute; top: 565.45pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1305"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 565.45pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" id="f-1774" continuedAt="f-1774-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">14&#160; &#160; &#160; Investments<span style="display: inline-block; height: 8pt;"></span><span id="i70224bb6ceac4d00a3991183ed609549"></span></span></ix:nonNumeric></div><ix:continuation id="f-1774-1" continuedAt="f-1774-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Investments <span style="display: inline-block; height: 7.28pt;"></span><span id="ie9947bbf07de472d9de39ec18eb49a9c"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">245<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1774-2" continuedAt="f-1774-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfNoncurrentFinancialAssetsTableTextBlock" id="f-1775" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 485.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 381.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.91pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.91pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1776">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1777">16.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-1778">5.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-1779">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revaluation of investments held at FVTOCI<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" scale="6" id="f-1780">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" format="ixt:fixed-zero" scale="6" id="f-1781">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Change in value of investments held at FVTPL<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-1782">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-1783">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Disposals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:GainsLossesOnDisposalsOfInvestments" scale="6" id="f-1784">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:GainsLossesOnDisposalsOfInvestments" format="ixt:fixed-zero" scale="6" id="f-1785">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1786">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1787">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 133.5pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Listed investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 133.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:OtherNonCurrentFinancialAssetsListedInvestment" scale="6" id="f-1788">12.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 133.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:OtherNonCurrentFinancialAssetsListedInvestment" scale="6" id="f-1789">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 147.75pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Unlisted investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 147.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:OtherNonCurrentFinancialAssetsUnlistedInvestment" scale="6" id="f-1790">11.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 147.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:OtherNonCurrentFinancialAssetsUnlistedInvestment" scale="6" id="f-1791">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 162pt; width: 381.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 381.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 381.75pt; position: var(--position); top: 162pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1792">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 435pt; position: var(--position); top: 162pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-1793">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Investments mainly comprise shares and seats held in clearing houses which are deemed relevant <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the Group&#8217;s trading activities and are classified as FVTOCI financial assets and recorded at fair value, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with changes in fair value reported in equity within the revaluation reserve. The fair value for these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 299.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">investments is based on valuations as disclosed in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 320.32pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1468">31</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.44pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 25 September 2024 the Group invested <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 294.22pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-383" decimals="-6" name="ifrs-full:PurchaseOfInterestsInAssociates" scale="6" id="f-1794">5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 313.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> in return for a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 378.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-383" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" scale="-2" id="f-1795">1.2</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 401.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> stake in Key Carbon, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 329.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">representing a minority stake in Key Carbon Ltd (Key Carbon) and providing financing for carbon offset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">projects. Key Carbon sources and finance carbon credit projects and provides ongoing governance, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring and operational support to ensure its projects are held to the highest quality and integrity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">standards. The investment provides Marex with access to a wider carbon client base as well as future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">streams of carbon credits which will grow the environmentals business and support clients through the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">low carbon transition. As&#160;the Group has a minority stake without significant influence and it is not held for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading, the equity investment in Key Carbon is accounted for as an investment in equity designated at <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-1774-3">FVTOCI.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">246<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1323"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfBusinessCombinationsExplanatory" id="f-1796" continuedAt="f-1796-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">15&#160; &#160; &#160; Business Combinations<span style="display: inline-block; height: 8pt;"></span><span id="iaee6a24b2b4f4044aa65832da29ece20"></span></span></ix:nonNumeric></div><ix:continuation id="f-1796-1" continuedAt="f-1796-2"><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions in 2024:<span style="display: inline-block; height: 8pt;"></span><span id="idb7924012d224e1bbc00969e3b3a44d6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 118.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Acquisition of Pinnacle Fuel LLC<span style="display: inline-block; height: 7.28pt;"></span><span id="ida6385e653b6428e8812dbcb0c202f58"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 136.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 5 January 2024, the Group acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.23pt; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 289.23pt; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital in Pinnacle Fuel LLC ('Pinnacle) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 148.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from Empire Holdings Group LLC for the consideration noted below. Pinnacle is a physical oil trading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 160.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business and has been purchased in order to facilitate the back-to-back oil trading business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 178.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" id="f-1797" continuedAt="f-1797-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 405pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 354.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1798">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 24pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 24pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1799">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 49.5pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1800">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1801">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87.75pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 87.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1802">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 100.5pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 100.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1803">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 113.25pt; width: 354.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 354.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354.75pt; position: var(--position); top: 113.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1804">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 315.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span><span id="ied197790edc6420db9a65d5428378476"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 333.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The customer list intangible assets relate to new customer relationships introduced to the Group. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 345.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value was determined by using the excess earnings method. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 363.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 381.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables consist of trade receivables of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.16999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1805">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.95000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">. The fair value of trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 393.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receivables approximates to their book value. Gross contractual amounts of trade receivables are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 504.73pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-384" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1806">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 532.51pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 411.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition related costs<span style="display: inline-block; height: 7.28pt;"></span><span id="i0bca18db1ccf449294ff4b5eeac4ce6f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 429.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition related costs (included in other expenses) amounted to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 397.54999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-1807">0.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 425.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 447.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 465.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Pinnacle contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 193.68pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1808">2.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.45999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a profit before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1809">1.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 401.98pt; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s results for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 477.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period between the date of acquisition and the reporting date. Pinnacle did <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.64pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" format="ixt:fixed-zero" scale="0" id="f-1810">not</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 417.53pt; position: var(--position); text-decoration: none; white-space: pre;"> generate any profit or loss <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 489.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between the first day of the financial year and its acquisition date, thus there would be <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 453.58pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-385" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" format="ixt:fixed-zero" scale="0" id="f-1811">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.7pt; position: var(--position); text-decoration: none; white-space: pre;"> impact on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 501.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">revenue and profit before tax should the entity have been acquired on the first day of the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 519.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="ibf53082536e74db4bc2df8ad894a16c3"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 537.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The goodwill recognised on acquisition related to the expected growth and revenue synergies with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 549.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group's existing product and service offerings and the valuation of Pinnacle's workforce which cannot <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 561.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be separately recognised as an intangible asset.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 579.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Acquisition of Dropet <span style="display: inline-block; height: 7.28pt;"></span><span id="i9fcefdd4b06047c181acd8423417a43f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 597.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 1 October 2024, the Group acquired certain assets which qualified as a business combination, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 609.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">from Dropet Intertrade SL and Dropet Brokers Limited for the consideration noted below. Dropet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 621.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">comprises a physical biofuel broking business and a derivatives trading business. The acquisition gives <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 633.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group additional capabilities in physical biofuel products.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">247<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-2" continuedAt="f-1796-3"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-1797-1" continuedAt="f-1797-2"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 417.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-386" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1812">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-386" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1813">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 55.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 69.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-386" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1814">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 84pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-386" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1815">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 98.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-387" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1816">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 195.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible asset<span style="display: inline-block; height: 7.28pt;"></span><span id="iac297987c60d4a62a6494b064a2f66ae"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 213.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The intangible asset acquired as part of the transaction consists of the Dropet brand.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 231.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="ie9b40b53b57a48f199a139d1e7ecdbfc"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 249.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The asset acquisition of Dropet contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-387" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1817">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 320.87pt; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a profit before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.61pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-387" decimals="-5" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1818">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 501.39pt; position: var(--position); text-decoration: none; white-space: pre;"> to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 261.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s results for the period between the date of acquisition and the reporting date. It is impracticable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 273.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">determine the impact of the asset acquisition on the performance of the Group had it been acquired on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 285.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the first day of the financial year owing to the&#160; financial information for the acquired assets not being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 297.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maintained separately in the acquiree's records prior to the disposal date. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 315.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="i01da06eca1404fe7b9112d76bb510681"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 333.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The goodwill recognised on acquisition related to expected growth and revenue synergies with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 345.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group's existing product and service offerings and the valuation of the workforce taken over which cannot <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 357.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be separately recognised as an intangible asset.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 375.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Acquisition of ILS Brokers Limited<span style="display: inline-block; height: 7.28pt;"></span><span id="i7ce1aacf8925422c98ebc11ca7ac56e3"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 393.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 1 December 2024, the Group, through Spectron Services Limited, a wholly owned subsidiary, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 405.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 113.12pt; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 123.12pt; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital in ILS Brokers Limited ('ILS') for the consideration noted below. ILS is a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 417.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">multinational brokerage house based in Tel Aviv. The acquisition will create growth opportunity within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 429.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital Markets to enhance the FX offering to other currencies.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 447.5pt; width: 612pt;"><ix:continuation id="f-1797-2" continuedAt="f-1797-3"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 417.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1819">5.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1820">5.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 55.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 69.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1821">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 84pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1822">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 98.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1823">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 112.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" scale="6" id="f-1824">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 126.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Right of use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:RightOfUseAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1825">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 141pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease Liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:LeaseLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1826">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 155.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1827">0.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 169.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 169.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1828">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 183.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 183.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1829">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 198pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 198pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1830">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 674.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="i714a6932ebb74cf78fe9d351f907a162"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">248<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-3" continuedAt="f-1796-4"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables consist of trade receivables of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.16999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1831">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.95000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> and other debtors of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 484.92999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:OtherDebtorReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1832">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 512.71pt; position: var(--position); text-decoration: none; white-space: pre;">. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value of trade receivables approximates to their book value. Gross contractual amounts of trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receivables are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.56pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1833">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.34pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="i4a3b96430a8b4ac7940a9c645369e14e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">ILS contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1834">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.11pt; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a loss before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-3" sign="-" name="ifrs-full:ProfitLossOfCombinedEntity" scale="3" id="f-1835">8</ix:nonFraction>k<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.53999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s results for the period <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">between the date of acquisition and the reporting date. If the acquisition of ILS had been completed on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the first day of the financial year, Group revenue for the year would have increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 453.6pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1836">4.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 481.38pt; position: var(--position); text-decoration: none; white-space: pre;"> and Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profit before tax would have increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 256.98pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-5" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1837">0.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.76pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition related costs<span style="display: inline-block; height: 7.28pt;"></span><span id="iab0c0e3dd0884546bc5705c2fb367ed7"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Costs directly related to the acquisition (included in other expenses) consist mainly of legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses totalling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 154.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-389" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-1838">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 182.56pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="i9c2ddc0d8f1b43398ada0a270b583214"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The goodwill recognised on acquisition related to the expected growth and revenue synergies with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group's existing product and service offerings and the valuation of ILS' workforce and brand which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">cannot be separately recognised as an intangible asset.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Provisional accounting<span style="display: inline-block; height: 7.28pt;"></span><span id="i7194c2ef81204110b8941e9d336e3d0a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The preliminary consideration for the acquisition consisted of the fixed premium of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueFixedPremium" scale="6" id="f-1839">4.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 492.5pt; position: var(--position); text-decoration: none; white-space: pre;"> and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">net asset value of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.09pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueNetAssetValue" scale="6" id="f-1840">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 180.87pt; position: var(--position); text-decoration: none; white-space: pre;"> totalling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 220.85pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-388" decimals="-5" name="ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred" scale="6" id="f-1841">5.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 248.63pt; position: var(--position); text-decoration: none; white-space: pre;">. The net asset value was based upon the initial closing balance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sheet dated <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127pt; position: var(--position); text-decoration: none; white-space: pre;">31 October 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As per the share purchase agreement, the legal mechanism to true up to the final consideration <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and net assets is that <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 169.19pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-389" name="mar:ConsiderationTransferredNumberOfDaysAfterClosingAdjustment" format="ixt-sec:durday" id="f-1842">120</ix:nonNumeric> days<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.76pt; position: var(--position); text-decoration: none; white-space: pre;"> after the completion date (31 March 2025) both the buyer and seller agree <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on a completion balance sheet as at 1 December 2024 detailing the assets and liabilities that were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">purchased as a part of the acquisition.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions in 2023:<span style="display: inline-block; height: 8pt;"></span><span id="iec725f0c3ffb4dc9b312e6912534c56f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Acquisition of OTCex SA Group companies<span style="display: inline-block; height: 7.28pt;"></span><span id="id352ff4c7bec422b8e279afbb9a27cb9"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 449.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;February 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.79pt; position: var(--position); text-decoration: none; white-space: pre;">, the Group acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 283.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-390" decimals="INF" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-1843">100</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.23pt; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital of the entities engaged in voice <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">brokerage from OTCex SA (HPC SA, OTCex Hong Kong, OTCex LLC). The acquisition of the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 487.74pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="company" contextRef="c-390" decimals="INF" name="mar:NumberOfCompaniesAcquired" format="ixt-sec:numwordsen" scale="0" id="f-1844">three</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 510.52pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">companies was accounted for as a single acquisition under IFRS 3. The acquisition expanded the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capabilities and geographical reach of the capital markets business.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">249<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-4" continuedAt="f-1796-5"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-1797-3" continuedAt="f-1797-4"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 356.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 58.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 356.25pt; position: var(--position); top: 0pt; width: 58.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FX rate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 14.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 356.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.19999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.3pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1845">54.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 127.64pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 356.25pt; position: var(--position); top: 25.5pt; width: 58.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 1.87pt; width: 58.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 5.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerShare" contextRef="c-391" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-1846">1.0864</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.44pt; position: var(--position); white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 39.21pt; position: var(--position); text-decoration: none; white-space: pre;"> &#8364;/$<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1847">59.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Contingent consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 38.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" scale="6" id="f-1848">4.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 52.5pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 52.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred" scale="6" id="f-1849">63.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 78pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 90.75pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" scale="6" id="f-1850">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1851">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Right-of-use assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 119.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:RightOfUseAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1852">6.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 133.5pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 133.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1853">29.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 147.75pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 147.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1854">70.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 160.5pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 160.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1855">51.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174.75pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 174.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:LeaseLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1856">6.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Taxes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:TaxesRecognisedAsOfAcquisitionDate" scale="6" id="f-1857">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 203.25pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1858">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 217.5pt; width: 356.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 217.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1859">50.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 230.25pt; width: 356.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 1.87pt; width: 356.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 44.78pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 230.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1860">13.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><ix:continuation id="f-1797-4" continuedAt="f-1797-5"><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 327.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1. There was an adjustment to the goodwill during 2024 resulting from an adjustment to the contingent consideration.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 340.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i85cd7b3842814144990f2f40435b9f7b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 358.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets acquired as part of the transaction consist of the HPC (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.41999999999996pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-392" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1861">1.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 440.70000000000005pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) and OTCex (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 502.70000000000005pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-393" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1862">0.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 529.98pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 370.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">brands.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 388.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="ia925df29ac1c4971b8ab1cae66800c05"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 406.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables consist of trade receivables of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 356.16999999999996pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1863">58.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.90999999999997pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> and other debtors of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 481.68999999999994pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:OtherDebtorReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1864">11.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 513.6899999999999pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 418.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">fair value of trade receivables approximates to their book value. Gross contractual amounts of trade <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 430.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">receivables are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 140.95999999999998pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1865">58.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.7pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 448.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="i97a497c8d7f64694a41ad5852d02c4df"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 466.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">OTCex contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.19pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1866">139.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.39pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a profit before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 372.53pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1867">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.80999999999995pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s results for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 478.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">period between the date of acquisition and the reporting date. If the acquisition of OTCex had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 490.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">completed on the first day of the financial year, Group revenue for the year would have increased by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 502.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1868">151.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.2pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> and Group profit before tax would have increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 342.65pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1869">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.93pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 520.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Consideration<span style="display: inline-block; height: 7.28pt;"></span><span id="i741ec75f3b2446bda0804434e8eec8ae"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 538.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">The consideration paid is split between the net asset value of the acquisition balance sheets of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">entities being purchased of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 191.42000000000002pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueNetAssetValue" scale="6" id="f-1870">48.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 224.16pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 230.06pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueNetAssetValue" scale="6" id="f-1871">45.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 262.8pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">), a premium <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 320.36pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueFixedPremium" scale="6" id="f-1872">10.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 353.1pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 359pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueFixedPremium" scale="6" id="f-1873">9.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.28pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) and contingent consideration. As <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">the contingent consideration is calculated as a specific percentage of earnings of the acquired business for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.26pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-391" name="mar:ConsiderationTransferredContingentConsiderationPeriodForRecognition" format="ixt-sec:duryear" id="f-1874">4</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 93.72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">-year period following the acquisition date, it is not possible to estimate a range as the contingent <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 586.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">consideration is based upon earnings which could be uncapped as the earnings of the business are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 598.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">capped. The fair value of the contingent consideration was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 327pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationRecognisedAsOfAcquisitionDateFairValue" scale="6" id="f-1875">5.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 354.28pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.18pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationRecognisedAsOfAcquisitionDateFairValue" scale="6" id="f-1876">4.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 387.46pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) at the acquisition date. This <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 610.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">represented the Group&#8217;s estimate of the present value of the cash outflows and based on the best estimate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 622.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">of the profit levels of the acquired business after combination. At 31 December 2023, the deferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 634.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">contingent consideration credit was revalued downwards by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.87pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationChangeInRangeOfOutcomesLow" scale="6" id="f-1877">1.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 360.15pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.05pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationChangeInRangeOfOutcomesLow" scale="6" id="f-1878">1.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 393.33pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 410.03pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationChangeInRangeOfOutcomesHigh" scale="6" id="f-1879">3.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 437.31pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.21pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-390" decimals="-5" name="mar:ContingentConsiderationChangeInRangeOfOutcomesHigh" scale="6" id="f-1880">3.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 470.49pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">) as a result of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 646.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">the post acquisition performance of the acquired entities not meeting the required hurdle rate in the first <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 658.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">year. This reduction in the contingent consideration liability has been recognised as a reduction in the value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 670.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">of goodwill associated with the transaction.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.01pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 688.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition-related costs<span style="display: inline-block; height: 7.28pt;"></span><span id="i7e879e54fdcd4144b4c88f673e6f7119"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 706.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Acquisition-related costs (included in other expenses) amounted to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.40999999999997pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-391" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-1881">0.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 418.68999999999994pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">250<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-5" continuedAt="f-1796-6"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="i8799b79cc0bb49ec9e0b021561cee851"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">The goodwill recognised on acquisition relates to expected growth and revenue synergies with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s existing product and service offerings. The total amount of goodwill that is expected to be deductible <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">for tax purposes is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 154.42000000000002pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-390" decimals="-5" name="ifrs-full:GoodwillExpectedDeductibleForTaxPurposes" scale="6" id="f-1882">1.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.7pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Acquisition of Global Metals Network Limited<span style="display: inline-block; height: 7.28pt;"></span><span id="i745e0bec0c414948a7da6a5d4a3e2b83"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.14999999999999pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">1 July 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.17pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">, the Group acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.94pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.64pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital in Global Metals Network Limited ('GMN') <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">from <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.26pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="individual" contextRef="c-394" decimals="INF" name="mar:VotingEquityInterestsAcquiredNumberOfPriorOwners" format="ixt-sec:numwordsen" scale="0" id="f-1883">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 109.50999999999999pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;"> private individuals for the consideration noted below. GMN is a recycled metals market maker and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">was purchased to augment the Group&#8217;s current recycled metals strategy and to support our clients as they <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">transition towards a low-carbon economy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 204pt; width: 612pt;"><ix:continuation id="f-1797-5" continuedAt="f-1797-6"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 417.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 4.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1884">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 25.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1885">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 63.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1886">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 76.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1887">2.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1888">2.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1889">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 114.75pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 114.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1890">3.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 127.5pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 127.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-394" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1891">3.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 140.25pt; width: 417.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 417.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 140.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1892">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 368pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="i3e84888503a14f6f8b7fd2d3ec9675af"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 386pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value of trade receivables approximates to their book value. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i7d4981d4a3eb4c4d875a782716ea2692"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The customer list intangible assets relates to new customer relationships introduced to the Group. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 434pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the new customers, the purchase brings in a well-known market maker with knowledge and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 446pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expertise in the global recycled metals market.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 464pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span><span id="i2bb37f23b8f84966b8def69b58a08448"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 482pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The trade and other payables relate to trade creditors and accrued expenses.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 500pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="i166937c1f3384338b078d87787573cbe"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 518pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">GMN contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.66pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1893">1.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 206.44pt; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a loss before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 354.75pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" sign="-" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1894">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.53pt; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s results for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 530pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period between the date of acquisition and the reporting date. If the acquisition of the business and assets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 542pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">had been completed on the first day of the financial year, Group revenue for the year would have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 131.45pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1895">2.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 159.23000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> and Group profit before tax would have decreased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 400.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" sign="-" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1896">0.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 428.1pt; position: var(--position); text-decoration: none; white-space: pre;">. GMN incurred costs of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-395" decimals="-5" name="mar:CostsIncurredByAcquireeSinceAcquisitionDate" scale="6" id="f-1897">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;"> as a result of the acquisition during the period ended 31 December 2023. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">251<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-6" continuedAt="f-1796-7"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisitions in 2023 continued:<span style="display: inline-block; height: 7.28pt;"></span><span id="i632d3ef59a5a4119882116427f5e3073"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Acquisition of Eagle Energy Brokers LLC<span style="display: inline-block; height: 7.28pt;"></span><span id="ib7d6cc2263ef494f899d624e48f17e7e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;August 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 180.35pt; position: var(--position); text-decoration: none; white-space: pre;">, the Group acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 274.22pt; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.22pt; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital in Eagle Energy Brokers LLC (which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">owns <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 98.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-396" decimals="INF" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-1898">100</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 123.68pt; position: var(--position); text-decoration: none; white-space: pre;"> of the share capital of Eagle Commodities Brokers Limited) from <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 412.47pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="individual" contextRef="c-396" decimals="INF" name="mar:VotingEquityInterestsAcquiredNumberOfPriorOwners" format="ixt-sec:numwordsen" scale="0" id="f-1899">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 428.02pt; position: var(--position); text-decoration: none; white-space: pre;"> private owners. Eagle <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Energy Brokers LLC ('Eagle') was purchased to augment the existing OTC energy business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 150pt; width: 612pt;"><ix:continuation id="f-1797-6" continuedAt="f-1797-7"><div style="font-size: 0pt; left: 72.75pt; position: var(--position); top: 0pt; width: 467.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 407.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 18pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 18pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 18pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1900">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 30.75pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 30.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1901">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 56.25pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1902">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81.75pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 81.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1903">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 94.5pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 94.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1904">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 107.25pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 107.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1905">1.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 120pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 120pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1906">1.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132.75pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 132.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1907">5.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 407.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 407.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 407.25pt; position: var(--position); top: 145.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-397" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1908">5.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 319.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="i0f1a3790669045a99959ef3568af1af0"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 337.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value of trade receivables approximates to their book value. Gross contractual amounts of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 349.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade receivables are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 168.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-396" decimals="-5" name="mar:TradeReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1909">2.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.89pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 367.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span><span id="ifc022672db6345d0af7b310656e28e7a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The customer list intangible assets acquired consists of over <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.74pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="client" contextRef="c-396" decimals="INF" name="mar:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDateNumberOfCustomers" scale="0" id="f-1910">150</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> clients ranging from oil majors, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trading houses, banks and hedge funds between the commodities and environmental businesses leading <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to significant ongoing revenue streams. The Group expects to benefit significantly from the acquisition of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 421.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">these new customer relationships while seeking synergies with other parts of the Group's business.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 439.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="i05ff25340d5b4d6aaca24cf08fcb23d1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 457.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Eagle contributed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 180.89999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-397" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1911">5.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 208.68pt; position: var(--position); text-decoration: none; white-space: pre;"> revenue and a profit before tax of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 361.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-397" decimals="-5" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1912">0.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.20000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s results for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 469.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">period between the date of acquisition and&#160;the reporting date. If the acquisition of the entity had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 481.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">completed on the first day of the financial year, Group revenue for the year would have increased by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 493.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-397" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1913">12.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 105.34pt; position: var(--position); text-decoration: none; white-space: pre;"> and Group profit before tax would have decreased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.43pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-397" decimals="-5" sign="-" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1914">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.21pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 376.98pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 511.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span><span id="ie3975407f03f429498bbc93fd940df6f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 529.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The goodwill recognised on acquisition related to expected growth and revenue synergies with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s existing product and service offerings.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 559.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(d) Acquisition of Cowen's Prime Services and Outsourced Trading business<span style="display: inline-block; height: 7.28pt;"></span><span id="ie2383ea573f24396bd45343e2689196d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 577.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;December 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.91pt; position: var(--position); text-decoration: none; white-space: pre;">, the Group acquired the business and entities related to Cowen&#8217;s prime <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 589.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">services and outsourced trading business ('Cowen') from Toronto-Dominion Bank. The transaction was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 601.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">structured as an acquisition of trading assets in Hong Kong and the US, and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 410.83pt; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.83pt; position: var(--position); text-decoration: none; white-space: pre;"> of the issued share capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 613.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of Cowen International Limited being purchased by the Company and its subsidiaries . The Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">acquired this business to augment the capital markets business line, adding a significant number of new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 637.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients, and increasing its client offering to prime services.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 655.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For the purposes of the 2023 financial statements, provisional accounting was applied. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 667.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">preliminary consideration for the acquisition consisted of the fixed premium of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 416.38pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueFixedPremium" scale="6" id="f-1915">25.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 449.72pt; position: var(--position); text-decoration: none; white-space: pre;"> and the net asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 679.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 109.77000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="mar:ConsiderationTransferredAcquisitionDateFairValueNetAssetValue" scale="6" id="f-1916">81.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.11pt; position: var(--position); text-decoration: none; white-space: pre;"> totalling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.09pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred" scale="6" id="f-1917">106.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.99pt; position: var(--position); text-decoration: none; white-space: pre;">. The net asset value being based upon the closing balance sheet <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 691.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">dated 31 October 2023. As a part of closing there were adjustments to the net asset value totalling <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 703.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" sign="-" name="mar:ConsiderationTransferredAcquisitionDateFairValueAdjustments" scale="6" id="f-1918">11.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.6pt; position: var(--position); text-decoration: none; white-space: pre;"> which reduced the total consideration. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">252<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1796-7" continuedAt="f-1796-8"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-1797-7" continuedAt="f-1797-8"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The below shows the impact of the finalised accounting: <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-1797-8" continuedAt="f-1797-9"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 108pt; width: 612pt;"><div style="font-size: 0pt; left: 73.5pt; position: var(--position); top: 0pt; width: 466.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 406.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 18pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 18pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 18pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1919">94.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 30.75pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 30.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1920">94.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 56.25pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Intangible assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1921">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Property, plant and equipment<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 83.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" scale="6" id="f-1922">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 97.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1923">803.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111.75pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments &#8211; asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 111.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:FinancialAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1924">14.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 124.5pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 124.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1925">56.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138.75pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 138.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1926">790.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments &#8211; liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 153pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.51pt;"></span></span><span style="left: 33.14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:FinancialLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1927">14.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 167.25pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 167.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1928">4.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 181.5pt; width: 406.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 181.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-398" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1929">89.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 194.25pt; width: 406.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 1.87pt; width: 406.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Goodwill<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 44.78pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 406.5pt; position: var(--position); top: 194.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="ifrs-full:AdditionalRecognitionGoodwill" scale="6" id="f-1930">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 327.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">There has been an increase in the Cowen goodwill due to the recognition of deferred tax on the customer list intangible recorded as a part of the finalisation of the purchase <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 334.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">price <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 97.41pt; position: var(--position); text-decoration: none; white-space: pre;">agreement and the finalisation of the provisional accounting during 2024. As the amount was immaterial, it was not retrospectively recorded.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables and Trade and other payables <span style="display: inline-block; height: 7.28pt;"></span><span id="ib3d92a31ab3f41ec9035526f376a05c7"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables and trade and other payables represent cash amounts due from and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">due to brokers and clients. The fair value of the amounts due from brokers and clients and due to brokers <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and clients approximates their book value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instrument<span style="display: inline-block; height: 7.28pt;"></span><span id="ib0ac726c514f4847b97270518c6d7306"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Both the derivative asset and liabilities represent the fair value of outstanding foreign exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments held at fair value through P&amp;L<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Contribution to the Group's results<span style="display: inline-block; height: 7.28pt;"></span><span id="ibd14ae6b19f64159a7cd8629609eaf6b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The business and assets acquired from Cowen contributed to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="ifrs-full:RevenueOfCombinedEntity" scale="6" id="f-1931">6.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 402.54999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> to the Group&#8217;s revenue and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="ifrs-full:ProfitLossOfCombinedEntity" scale="6" id="f-1932">1.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;"> of profit before tax for the period between the date of acquisition and the year ended 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 504.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023. If the acquisition of the business and assets had been completed on the first day of the financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 516.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">year, the Group&#8217;s revenue for the year would increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.24pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="mar:RevenueOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1933">112.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 369.4pt; position: var(--position); text-decoration: none; white-space: pre;"> and the profit before tax would have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">increased by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 131.45pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="mar:ProfitLossOfAcquireesAsIfCombinationOccurredAtBeginningOfPeriod" scale="6" id="f-1934">8.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 159.23000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition related costs<span style="display: inline-block; height: 7.28pt;"></span><span id="i6af790c022a4432cb49e63ef51b7db72"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 564.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Costs directly related to the acquisition (included in other expenses) consists mainly of legal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 576.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">expenses totalling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 154.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-399" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-1935">1.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 182.56pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 594.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(e) Acquisition of ED&amp;F Man Capital Markets Hong Kong Limited<span style="display: inline-block; height: 7.28pt;"></span><span id="if0cfde200a4c4a9a966729deac90f771"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 612.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">8&#160;February 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.79pt; position: var(--position); text-decoration: none; white-space: pre;">, the Group acquired <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 283.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">all<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 293.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> of the issued share capital of ED&amp;F Man Capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Markets Hong Kong Limited for the consideration noted below.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">253<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1796-8"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-1797-9"><div style="font-size: 0pt; left: 58.5pt; position: var(--position); top: 0pt; width: 481.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 425.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/></tr><tr style="height: 18pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 0pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 9.94pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 43.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 18pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 18pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1936">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 30.75pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total consideration<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 30.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="ifrs-full:CashTransferred" scale="6" id="f-1937">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 56.25pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recognised amounts of identifiable net assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 69pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" scale="6" id="f-1938">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81.75pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 81.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="mar:TradeAndOtherReceivablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1939">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 94.5pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Right-of-use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 94.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="mar:RightOfUseAssetsRecognisedAsOfAcquisitionDate" scale="6" id="f-1940">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 107.25pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 107.25pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.32pt;"></span></span><span style="left: 34.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" scale="6" id="f-1941">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 120pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 120pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.32pt;"></span></span><span style="left: 34.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="mar:LeaseLiabilitiesRecognisedAsOfAcquisitionDate" scale="6" id="f-1942">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132.75pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total fair value of identifiable assets and liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 132.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-400" decimals="-5" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" scale="6" id="f-1943">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 425.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 425.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 425.25pt; position: var(--position); top: 145.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.65pt;"></span></span><span style="left: 38.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-401" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-1944">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:continuation></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 241.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="icfa102cbbcdc4b35b5642496e0c3ca96"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 259.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value of trade and other receivables approximates to their book value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 277.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition-related costs <span style="display: inline-block; height: 7.28pt;"></span><span id="i24e3114ef2b44809b15c7a068103152e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 295.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Acquisition-related costs (included in other expenses) amount to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.99pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-401" decimals="-5" name="ifrs-full:AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" scale="6" id="f-1945">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 414.77pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 313.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain<span style="display: inline-block; height: 7.28pt;"></span><span id="iedd06d8ed29e4bfd884e5456b404ad25"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 331.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">A bargain purchase gain of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 222.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-401" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-1946">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 249.79999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> was recognised as a result of the acquisition. The transaction <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 343.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resulted in a gain due to the discount applied to the purchase; the gain has been recognised within the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 355.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s income statement. The transaction resulted in a gain due to the&#160;desire of the seller to exit the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 367.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital markets business segment and raise capital to meet financial obligations. The lack of other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 379.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">companies that could acquire the business allowed Marex to obtain an acquisition price that was at&#160;a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 391.25pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">material discount to the tangible net&#160;asset value of the acquired businesses.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 434.45pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1332"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 434.45pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFinancialInstrumentsExplanatory" id="f-1952" continuedAt="f-1952-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">16&#160; &#160; &#160; Treasury Instruments - Unpledged and Pledged<span style="display: inline-block; height: 8pt;"></span><span id="idd6a709129274be382335ca27447783e"></span></span></ix:nonNumeric></div><ix:continuation id="f-1952-1" continuedAt="f-1952-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 457.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Unpledged<span style="display: inline-block; height: 7.28pt;"></span><span id="ibb3a4bb5404f487681229caf45af8053"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 475.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, the Group held <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 285.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:FinancialAssetsUnpledgedAsCollateralTreasuriesAndOtherInstruments" scale="6" id="f-1953">609.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.22pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 326.81pt; position: var(--position); text-decoration: none; white-space: pre;">Treasuries and other similar instruments (such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 487.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as reverse repos) which were unpledged (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 285.9pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:FinancialAssetsUnpledgedAsCollateralTreasuriesAndOtherInstruments" scale="6" id="f-1954">542.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.8pt; position: var(--position); text-decoration: none; white-space: pre;">). These instruments will fully mature by<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 500.1pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 502.87pt; position: var(--position); text-decoration: none; white-space: pre;">30 June <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 499.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2027.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 517.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Pledged as collateral<span style="display: inline-block; height: 7.28pt;"></span><span id="i36f999bf52cc49a1b62f89d65ba4ee7f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 535.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments pledged as collateral comprise US Treasuries and agency bonds which will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 547.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fully mature b<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 131.98pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">y </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.75pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">30 June 2027</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 200.33pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">. At ye</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 228.08pt; position: var(--position); text-decoration: none; white-space: pre;">ar end, the Group has pledged <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.41pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1955">2,959.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.64pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 447.52pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1956">2,363.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.75pt; position: var(--position); text-decoration: none; white-space: pre;">) US <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 559.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Treasuries to counterparties as collateral for securities purchased under agreements to resell, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 571.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities segregated under Federal and other regulations. Financial instruments which have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 583.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pledged in&#160;this way are held under certain terms and conditions set out in specific agreements with each <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 595.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparty. In these agreements it is generally stated that whilst the US Treasury is pledged at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 607.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparty the Group cannot sell or transfer the financial instrument or have any third party rights <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 619.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">associated with the financial instrument whereby it&#160;can be used as security towards any further <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 631.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financing&#160;activities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 649.65pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutFinancialAssetsPledgedAsCollateralTableTextBlock" id="f-1957" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (pledged as collateral) - (non-current)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-1958">46.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-1959">300.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (pledged as collateral) - (current)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1960">2,912.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1961">2,062.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1962">2,959.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1963">2,363.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">254<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1952-2" continuedAt="f-1952-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Unpledged and pledged non-current/current analysis<span style="display: inline-block; height: 7.28pt;"></span><span id="i15e5ab118c424a7386fcf1f8785dc66c"></span></span></div><div style="position: var(--position); top: 98.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutUnpledgedFinancialAssetsTableTextBlock" id="f-1964" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (non-current)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:NonCurrentFinancialAssetsUnpledgedPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-1965">99.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:NonCurrentFinancialAssetsUnpledgedPledgedAsCollateralForLiabilitiesOrContingentLiabilities" scale="6" id="f-1966">361.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments (current)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentFinancialAssetsUnpledgedPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1967">3,469.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentFinancialAssetsUnpledgedPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1968">2,544.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:FinancialAssetsUnpledgedAndPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1969">3,568.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:FinancialAssetsUnpledgedAndPledgedAsCollateralForLiabilitiesOrContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1970">2,905.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div></ix:continuation><div style="position: absolute; top: 192.65pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3812"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 192.65pt; width: 612pt;"><ix:continuation id="f-1952-3" continuedAt="f-1952-4"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">17&#160; &#160; &#160; Fixed Income Securities<span style="display: inline-block; height: 8pt;"></span><span id="i0bae332aef184f69ae9024f9b50faa09"></span></span></ix:continuation></div><ix:continuation id="f-1952-4" continuedAt="f-1952-5"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities are corporate bonds which are invested in as a part of the Group's Agency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Execution and Hedging and Investment Solutions segments. The aim of investing in these securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are to realise the value through the crystallisation of&#160;the spread between buying and selling ,in Agency <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.85pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and Execution, and as hedges to client positions in Hedging and Investment&#160;Solutions. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 263.85pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" id="f-1971" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities (current)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-402" decimals="-5" name="ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-1972">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-403" decimals="-5" name="ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-1973">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div></ix:continuation><div style="position: absolute; top: 340.4pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3823"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 360.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" id="f-1974" continuedAt="f-1974-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">18&#160; &#160; &#160; Reverse Repurchase Agreements and Repurchase Agreements<span style="display: inline-block; height: 8pt;"></span><span id="if8fb75d3ed794a8abbf4b098357f7269"></span></span></ix:nonNumeric></div><ix:continuation id="f-1974-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">These assets and liabilities relate to business activities of the Group, and are invested to generate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an income from the spread between the rate earned on the reverse repurchase agreement and the rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">paid on the repurchase agreement. These assets and liabilities are measured at fair value through profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">or loss.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 438pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutRepurchaseAndReverseRepurchaseAgreementsTableTextBlock" id="f-1975" continuedAt="f-1975-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 431.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 158.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 68.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="2" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 158.25pt; position: var(--position); top: 0pt; width: 136.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 136.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 60.47pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="2" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 294.75pt; position: var(--position); top: 0pt; width: 136.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 136.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 60.47pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 158.25pt; position: var(--position); top: 11.25pt; width: 68.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 55.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 11.25pt; width: 68.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 55.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 294.75pt; position: var(--position); top: 11.25pt; width: 68.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 55.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363pt; position: var(--position); top: 11.25pt; width: 68.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 55.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 50.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 50.25pt; left: 158.25pt; overflow: hidden; position: var(--position); top: 22.5pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 18.08pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 39.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 45.29pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 50.25pt; left: 226.5pt; overflow: hidden; position: var(--position); top: 22.5pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 18.98pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.9pt; position: var(--position); text-decoration: none; white-space: pre;">through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 26.78pt; position: var(--position); text-decoration: none; white-space: pre;">Profit or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 39.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 38.69pt; position: var(--position); text-decoration: none; white-space: pre;">Loss<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: bold; left: 62.01pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 50.25pt; left: 294.75pt; overflow: hidden; position: var(--position); top: 22.5pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 20.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 45.07pt; position: var(--position); text-decoration: none; white-space: pre;">Cost <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 39.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.35pt; position: var(--position); text-decoration: none; white-space: pre;">(Restated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 58.68pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 62.29pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 50.25pt; left: 363pt; overflow: hidden; position: var(--position); top: 22.5pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.74pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 31.72pt; position: var(--position); text-decoration: none; white-space: pre;">through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 6.76pt; position: var(--position); text-decoration: none; white-space: pre;">Profit or Loss <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 39.37pt; width: 68.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.35pt; position: var(--position); text-decoration: none; white-space: pre;">(Restated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 58.68pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 62.29pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 158.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 158.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 158.25pt; position: var(--position); top: 72.75pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 51.54pt;"></span></span><span style="left: 54.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAtAmortisedCost" format="ixt:fixed-zero" scale="6" id="f-1976">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 72.75pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.2pt;"></span></span><span style="left: 30.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAtFairValueThroughProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-1977">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 294.75pt; position: var(--position); top: 72.75pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 51.54pt;"></span></span><span style="left: 54.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAtAmortisedCost" format="ixt:fixed-zero" scale="6" id="f-1978">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363pt; position: var(--position); top: 72.75pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.2pt;"></span></span><span style="left: 30.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAtFairValueThroughProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-1979">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87pt; width: 158.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 158.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 158.25pt; position: var(--position); top: 87pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 51.54pt;"></span></span><span style="left: 54.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAtAmortisedCost" format="ixt:fixed-zero" scale="6" id="f-1980">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 87pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.87pt;"></span></span><span style="left: 27.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAtFairValueThroughProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-1981">2,305.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 294.75pt; position: var(--position); top: 87pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.87pt;"></span></span><span style="left: 27.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-1982">3,118.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363pt; position: var(--position); top: 87pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 55.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-1983">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 158.25pt; position: var(--position); top: 101.25pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 51.54pt;"></span></span><span style="left: 54.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndRepurchaseAgreementsAndCashCollateralOnSecuritiesAtAmortisedCostNet" format="ixt:fixed-zero" scale="6" id="f-1984">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 226.5pt; position: var(--position); top: 101.25pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.53pt;"></span></span><span style="left: 39.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndRepurchaseAgreementsAndCashCollateralOnSecuritiesAtFairValueThroughProfitOrLossNet" scale="6" id="f-1985">184.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 294.75pt; position: var(--position); top: 101.25pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.87pt;"></span></span><span style="left: 27.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="mar:ReverseRepurchaseAgreementsAndRepurchaseAgreementsAndCashCollateralOnSecuritiesAtAmortisedCostNet" format="ixt:num-dot-decimal" scale="6" id="f-1986">3,118.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 363pt; position: var(--position); top: 101.25pt; width: 68.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 68.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.2pt;"></span></span><span style="left: 30.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:ReverseRepurchaseAgreementsAndRepurchaseAgreementsAndCashCollateralOnSecuritiesAtFairValueThroughProfitOrLossNet" format="ixt:num-dot-decimal" scale="6" id="f-1987">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-1975-1" continuedAt="f-1975-2"><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 565.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The prior year comparatives at amortised cost have been restated to be designated as fair value through profit or loss. The fair value and amortised cost measurement <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 572.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">bases for 2023 were consistent and therefore there is no measurement impact of this restatement. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 580.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements have been designated as financial liabilities at fair value through profit or loss during 2024 to reflect the fact that both assets and liabilities are <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 587.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">managed together and therefore better reflects the economic reality, and avoids a valuation mismatch. Refer to note 3 (n) Reverse repurchase agreements, repurchase <span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 594.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-1975-2">agreements, stock borrowing and stock lending for further detail.</ix:continuation> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 607.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, reverse repurchase agreements and repurchase agreements were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 619.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carried at average interest r<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 194.2pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;">ates of </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.96pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAverageInterestRate" scale="-2" id="f-1988">5.17</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.3pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 277.52pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAverageInterestRate" scale="-2" id="f-1989">5.12</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 305.86pt; position: var(--position); text-decoration: none; white-space: pre;"> respectively (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.29pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="4" name="mar:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedAverageInterestRate" scale="-2" id="f-1990">5.42</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 423.63pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 445.85pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="4" name="mar:RepurchaseAgreementsAndCashCollateralOnSecuritiesLentAverageInterestRate" scale="-2" id="f-1991">5.38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 474.19pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 658.1pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1341"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 658.1pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInventoriesExplanatory" id="f-1992" continuedAt="f-1992-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">19&#160; &#160; &#160; Inventory<span style="display: inline-block; height: 8pt;"></span><span id="i08d4d4fd768f4db28ad2d6e13ddc5415"></span></span></ix:nonNumeric></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">255<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1992-1"><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationOfInventoriesExplanatoryTableTextBlock" id="f-1993" continuedAt="f-1993-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cryptocurrency - Trading<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtFairValuesLessCostsToSell" scale="6" id="f-1994">6.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtFairValuesLessCostsToSell" scale="6" id="f-1995">121.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon emission certificates and credits - Trading<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-1996">6.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-1997">23.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recyclable scrap metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtFairValueLessCostsToSell" scale="6" id="f-1998">22.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtFairValueLessCostsToSell" scale="6" id="f-1999">18.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total inventories at fair value less cost to sell<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-2000">35.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-2001">163.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 166.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">All inventories are held at fair value less cost to sell.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group economically hedges its exposure to cryptocurrencies and hence the Group's net <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure to market risk has not been material to our operations for the periods presented. As at 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 212.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024, the Group&#8217;s overall net market risk exposure to cryptocurrencies was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 455.1pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CryptocurrencyNetMarketRiskExposure" scale="6" id="f-2002">1.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 482.88pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 224.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CryptocurrencyNetMarketRiskExposure" scale="6" id="f-2003">1.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">). The fair values of cryptocurrencies held as assets are determined based on quoted market prices <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 236.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and are classified as a level 1 valuation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 254.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon emission certificates and credits comprise:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 272.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Solar renewable energy certificates (RECs) which are held to trade with a fair value of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 487.58pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-404" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-2004">6.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 515.36pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 284.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.13pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-405" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-2005">23.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.47pt; position: var(--position); text-decoration: none; white-space: pre;">). The fair value is&#160;based on quoted market prices and classified as a Level 1 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 296.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">valuation under the fair value hierarchy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 314.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">New Zealand Units (NZUs) which are held to trade with a fair value of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 415.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-406" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-2006">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.13pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023:$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.79999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-407" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" format="ixt:fixed-zero" scale="0" id="f-2007">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.79999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">). The fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 326.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">value is based on observable market prices and classified as a Level 2 valuation under the fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">value hierarchy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 356.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Recyclable scrap metals are those where the Group has title over and is in transit from the supplier <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 368.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to the customer. The vast majority of recyclable scrap metals consist of non-ferrous metals and comprise <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 380.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">various grades of copper (including brass), aluminium and lead. The fair value is determined based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 392.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">quoted metal prices, which are discounted for grade and location where appropriate, and is classified as a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Level 2 valuation.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422.5pt; width: 612pt;"><ix:continuation id="f-1993-1" continuedAt="f-1993-2"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value movements charged to profit and loss are as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-1993-2"><div style="position: var(--position); top: 440.5pt; width: 612pt;"><div style="font-size: 0pt; left: 68.25pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 315pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="3" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.08pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.64pt; position: var(--position); text-decoration: none; white-space: pre;">movement<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.15pt; position: var(--position); text-decoration: none; white-space: pre;">Inventory<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 315pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 315pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cryptocurrencies<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtCost" scale="6" id="f-2008">8.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="mar:InventoriesCryptocurrenciesIncreaseDecreaseInFairValue" scale="6" id="f-2009">2.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtFairValuesLessCostsToSell" scale="6" id="f-2010">6.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 315pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 315pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon emission certificates and credits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtCost" scale="6" id="f-2011">6.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsIncreaseDecreaseInFairValue" format="ixt:fixed-zero" scale="6" id="f-2012">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-2013">6.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 315pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 315pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recyclable scrap metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtCost" scale="6" id="f-2014">22.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="mar:InventoriesRecyclableScrapMetalsIncreaseDecreaseInFairValue" scale="6" id="f-2015">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtFairValueLessCostsToSell" scale="6" id="f-2016">22.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 315pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:InventoriesAtCost" scale="6" id="f-2017">38.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="mar:InventoriesIncreaseDecreaseInFairValue" scale="6" id="f-2018">2.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-2019">35.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 559.65pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="3" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.08pt; position: var(--position); text-decoration: none; white-space: pre;">Cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.64pt; position: var(--position); text-decoration: none; white-space: pre;">movement<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.15pt; position: var(--position); text-decoration: none; white-space: pre;">Inventory<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cryptocurrencies<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtCost" scale="6" id="f-2020">114.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCryptocurrenciesIncreaseDecreaseInFairValue" scale="6" id="f-2021">6.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 42.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCryptocurrencyTradingAtFairValuesLessCostsToSell" scale="6" id="f-2022">121.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 57pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Carbon emission certificates and credits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtCost" scale="6" id="f-2023">26.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsIncreaseDecreaseInFairValue" scale="6" id="f-2024">3.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 57pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesCarbonEmissionCertificatesAndCreditsTradingAtFairValueLessCostsToSell" scale="6" id="f-2025">23.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 71.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Recyclable scrap metals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtCost" scale="6" id="f-2026">18.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsIncreaseDecreaseInFairValue" scale="6" id="f-2027">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 71.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesRecyclableScrapMetalsAtFairValueLessCostsToSell" scale="6" id="f-2028">18.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesAtCost" scale="6" id="f-2029">159.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:InventoriesIncreaseDecreaseInFairValue" scale="6" id="f-2030">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 85.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:InventoriesAtFairValueLessCostsToSell" scale="6" id="f-2031">163.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation><div style="position: absolute; top: 670.4pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1350"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 670.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory" id="f-2032" continuedAt="f-2032-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">20&#160; &#160; &#160; Trade and Other Receivables<span style="display: inline-block; height: 8pt;"></span><span id="ic02f9cd175ad49978304c79a9f1b7a71"></span></span></ix:nonNumeric></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">256<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-2032-1" continuedAt="f-2032-2"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutTradeAndOtherReceivablesTableTextBlock" id="f-2033" continuedAt="f-2033-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2034">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2035">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2036">2,838.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2037">1,728.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentTradeReceivables" scale="6" id="f-2038">785.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentTradeReceivables" scale="6" id="f-2039">300.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2040">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2041">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2042">89.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2043">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other tax and social security taxes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" scale="6" id="f-2044">12.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" scale="6" id="f-2045">10.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2046">104.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2047">119.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Prepayments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentPrepaymentsAndCurrentAccruedIncomeOtherThanCurrentContractAssets" scale="6" id="f-2048">32.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentPrepaymentsAndCurrentAccruedIncomeOtherThanCurrentContractAssets" scale="6" id="f-2049">20.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-2050">7,553.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-2051">4,789.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 250.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Included in amounts receivable from clients and amounts due from exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 262.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties are segregated balances of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 307.01pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterpartiesSegregatedBalance" format="ixt:num-dot-decimal" scale="6" id="f-2052">1,833.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 354.24pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023:&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.12pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterpartiesSegregatedBalance" format="ixt:num-dot-decimal" scale="6" id="f-2053">1,699.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 435.35pt; position: var(--position); text-decoration: none; white-space: pre;">) and non-segregated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 274.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 125.89pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterpartiesNonSegregatedBalance" format="ixt:num-dot-decimal" scale="6" id="f-2054">4,220.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.12pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterpartiesNonSegregatedBalance" format="ixt:num-dot-decimal" scale="6" id="f-2055">2,372.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.23pt; position: var(--position); text-decoration: none; white-space: pre;">).&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 292.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors includes amounts related to sign-on bonuses of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 376.43999999999994pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:OtherCurrentReceivablesSignOnBonuses" scale="6" id="f-2056">41.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 409.78pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:OtherCurrentReceivablesSignOnBonuses" scale="6" id="f-2057">39.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 310.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises lifetime ECL allowance for trade debtors of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 392.68999999999994pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-408" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2058">1.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.47pt; position: var(--position); text-decoration: none; white-space: pre;"> as at 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 322.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-409" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2059">1.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 130.89pt; position: var(--position); text-decoration: none; white-space: pre;">) using a provision matrix under the simplified approach. Further to this, the Group has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 334.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recorded within amounts due from exchanges, clearing houses and other counterparties, an ECL <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 346.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">allowance of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 130.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-410" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2060">15.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> as at 31 December 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-411" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2061">19.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 343.11pt; position: var(--position); text-decoration: none; white-space: pre;">), based on individual assessment, to reflect <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 358.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the credit losses associated with certain counterparties. The Directors consider that the carrying amounts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 370.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of trade and other receivables are not materially different to their fair value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 388.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Ageing of trade debtors and other receivables<span style="display: inline-block; height: 7.28pt;"></span><span id="i7ef1ba97e0424509ada59bddf3b10299"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 406.95pt; width: 612pt;"><ix:continuation id="f-2033-1" continuedAt="f-2033-2"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The provision matrix for trade debtors is as follows.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2033-2" continuedAt="f-2033-3"><div style="position: var(--position); top: 424.95pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 116.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 116.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">Current<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.96pt; position: var(--position); text-decoration: none; white-space: pre;">30&#160;days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">31 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.96pt; position: var(--position); text-decoration: none; white-space: pre;">60 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">61 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.96pt; position: var(--position); text-decoration: none; white-space: pre;">90 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">91 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.13pt; position: var(--position); text-decoration: none; white-space: pre;"> 120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">More than <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.07pt; position: var(--position); text-decoration: none; white-space: pre;">120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expected credit loss rate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-412" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2062">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-413" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2063">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-414" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2064">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-415" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2065">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-416" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2066">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-417" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2067">0.14</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 34.5pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors $m<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2068">716.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2069">24.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2070">11.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2071">7.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2072">4.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 28.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2073">20.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 22.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2074">784.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48.75pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors lifetime <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ECL $m<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-418" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2075">1.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-419" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2076">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-420" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2077">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-421" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2078">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-422" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2079">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-423" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2080">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-408" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2081">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 504.95pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 116.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 116.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">Current<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.96pt; position: var(--position); text-decoration: none; white-space: pre;">30&#160;days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">31 to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.96pt; position: var(--position); text-decoration: none; white-space: pre;">60 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">61 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.02pt; position: var(--position); text-decoration: none; white-space: pre;"> 90 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.3pt; position: var(--position); text-decoration: none; white-space: pre;">91 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.07pt; position: var(--position); text-decoration: none; white-space: pre;">120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">More than <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 18.07pt; position: var(--position); text-decoration: none; white-space: pre;">120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expected credit loss rate<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-424" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2082">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-425" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2083">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-426" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2084">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-427" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2085">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-428" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2086">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 17.83pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="number" contextRef="c-429" decimals="4" name="ifrs-full:ExpectedCreditLossRate" scale="-2" id="f-2087">0.33</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 34.5pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors $m<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.64pt;"></span></span><span style="left: 12.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2088">135.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 9.64pt;"></span></span><span style="left: 12.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2089">120.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2090">22.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2091">5.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2092">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2093">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 34.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeReceivables" scale="6" id="f-2094">299.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48.75pt; width: 116.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors lifetime <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ECL $m<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 116.25pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-430" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2095">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 166.5pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-431" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2096">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.65pt;"></span></span><span style="left: 27.279999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-432" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2097">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 267pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.65pt;"></span></span><span style="left: 27.279999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-433" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2098">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 317.25pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.65pt;"></span></span><span style="left: 27.279999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-434" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2099">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.65pt;"></span></span><span style="left: 27.279999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-435" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2100">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 12.22pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-409" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2101">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Below we present the ageing of the Group&#8217;s other receivables different from trade debtors, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">excluding other tax and social security taxes and prepayments.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">257<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-2032-2" continuedAt="f-2032-3"><ix:continuation id="f-2033-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 184.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 184.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 ($m)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.12pt; position: var(--position); text-decoration: none; white-space: pre;">Current<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.48pt; position: var(--position); text-decoration: none; white-space: pre;">Less than <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.46pt; position: var(--position); text-decoration: none; white-space: pre;">30 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">31 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.52pt; position: var(--position); text-decoration: none; white-space: pre;"> 60 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">61 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.52pt; position: var(--position); text-decoration: none; white-space: pre;"> 90 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">91 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.63pt; position: var(--position); text-decoration: none; white-space: pre;"> 120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">More than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.63pt; position: var(--position); text-decoration: none; white-space: pre;"> 120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.95pt;"></span></span><span style="left: 7.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2102">3,200.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2103">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2104">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2105">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2106">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2107">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2108">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 46.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 46.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.95pt;"></span></span><span style="left: 7.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2109">2,825.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2110">4.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2111">2.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2112">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2113">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2114">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2115">2,838.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 60.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.28pt;"></span></span><span style="left: 15.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2116">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2117">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2118">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2119">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2120">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2121">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2122">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2123">89.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="mar:CurrentLoansReceivable" format="ixt:fixed-zero" scale="6" id="f-2124">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="mar:CurrentLoansReceivable" format="ixt:fixed-zero" scale="6" id="f-2125">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="mar:CurrentLoansReceivable" format="ixt:fixed-zero" scale="6" id="f-2126">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="mar:CurrentLoansReceivable" format="ixt:fixed-zero" scale="6" id="f-2127">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2128">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2129">89.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 89.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.28pt;"></span></span><span style="left: 15.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-412" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2130">103.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-413" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2131">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-414" decimals="-5" name="ifrs-full:OtherCurrentReceivables" format="ixt:fixed-zero" scale="6" id="f-2132">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-415" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2133">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-416" decimals="-5" name="ifrs-full:OtherCurrentReceivables" format="ixt:fixed-zero" scale="6" id="f-2134">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-417" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2135">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2136">104.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 103.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherCurrentFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2137">6,722.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corresponding allowance for loan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">losses ECL<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 117.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-436" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2138">13.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 221pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 184.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 45pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 39.75pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 184.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 ($m)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 0pt; width: 45pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.12pt; position: var(--position); text-decoration: none; white-space: pre;">Current<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.48pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.52pt; position: var(--position); text-decoration: none; white-space: pre;"> 30 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">31 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.52pt; position: var(--position); text-decoration: none; white-space: pre;"> 60 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">61 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.52pt; position: var(--position); text-decoration: none; white-space: pre;"> 90 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.8pt; position: var(--position); text-decoration: none; white-space: pre;">91 to<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.63pt; position: var(--position); text-decoration: none; white-space: pre;"> 120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">More than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.63pt; position: var(--position); text-decoration: none; white-space: pre;"> 120 days<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 0pt; width: 39.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 20.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.95pt;"></span></span><span style="left: 7.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2139">2,329.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2140">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2141">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2142">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:fixed-zero" scale="6" id="f-2143">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" scale="6" id="f-2144">14.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 20.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2145">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 46.5pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 46.5pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.95pt;"></span></span><span style="left: 7.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2146">1,716.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2147">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2148">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2149">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:fixed-zero" scale="6" id="f-2150">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" scale="6" id="f-2151">1.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 46.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentAmountsReceivableFromClients" format="ixt:num-dot-decimal" scale="6" id="f-2152">1,728.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 60.75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.28pt;"></span></span><span style="left: 15.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2153">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2154">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2155">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2156">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2157">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" format="ixt:fixed-zero" scale="6" id="f-2158">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 60.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentReceivablesFromDefaultFundsAndDeposits" scale="6" id="f-2159">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 75pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.4pt;"></span></span><span style="left: 27.029999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2160">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2161">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2162">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2163">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2164">1.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2165">1.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CurrentLoansReceivable" scale="6" id="f-2166">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 184.5pt; position: var(--position); top: 89.25pt; width: 45pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 45pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.84pt;"></span></span><span style="left: 21.47pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-424" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2167">85.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 229.5pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-425" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2168">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-426" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2169">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 309pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.15pt;"></span></span><span style="left: 21.779999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-427" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2170">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348.75pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.04pt;"></span></span><span style="left: 25.669999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-428" decimals="-5" name="ifrs-full:OtherCurrentReceivables" format="ixt:fixed-zero" scale="6" id="f-2171">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 388.5pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-429" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2172">30.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 89.25pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.03pt;"></span></span><span style="left: 10.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherCurrentReceivables" scale="6" id="f-2173">119.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 103.5pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt;"></span></span><span style="left: 2.63pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherCurrentFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2174">4,458.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117.75pt; width: 184.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corresponding allowance for loan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 184.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">losses ECL<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 428.25pt; position: var(--position); top: 117.75pt; width: 39.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 39.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.59pt;"></span></span><span style="left: 16.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-411" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2175">19.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 376pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Reconciliation of the movement in impairment allowance<span style="display: inline-block; height: 7.28pt;"></span><span id="i3df1892b9ca2410fb6ac253efab16859"></span></span></div><div style="position: var(--position); top: 388pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-437" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2176">20.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-438" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2177">14.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bad debts written off<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-439" decimals="-5" sign="-" name="ifrs-full:DecreaseThroughWriteoffFinancialAssets" scale="6" id="f-2178">4.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-440" decimals="-5" sign="-" name="ifrs-full:DecreaseThroughWriteoffFinancialAssets" scale="6" id="f-2179">0.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Released to the income statement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-439" decimals="-5" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2180">3.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-440" decimals="-5" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2181">2.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Charged to the income statement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-439" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2182">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-440" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2183">9.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other balance sheet movements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-439" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherMovementsFinancialAssets" scale="6" id="f-2184">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-440" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughOtherMovementsFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2185">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-410" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2186">15.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-437" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2187">20.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 511pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The impairment allowance of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 230.88pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-410" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2188">15.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.22pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.1pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-437" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2189">20.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.44pt; position: var(--position); text-decoration: none; white-space: pre;">) in the table above includes <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 458.65pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-441" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2190">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 486.42999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 523pt; width: 612pt;"><ix:continuation id="f-2032-3" continuedAt="f-2032-4"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-442" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2191">0.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-2032-4">) ECL for cash and cash&#160;equivalents.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">258<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1359"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDebtSecuritiesExplanatory" id="f-2192" continuedAt="f-2192-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">21&#160; &#160; &#160; Borrowings<span style="display: inline-block; height: 8pt;"></span><span id="if7bf9142e36c4ef99a23793b7b0e9325"></span></span></ix:nonNumeric></div><ix:continuation id="f-2192-1" continuedAt="f-2192-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Loans<span style="display: inline-block; height: 7.28pt;"></span><span id="i861f4d863efc48ff8560132c0d9fe56c"></span></span></div><div style="position: var(--position); top: 113.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory" id="f-2193" continuedAt="f-2193-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short-term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" scale="6" id="f-2194">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" format="ixt:fixed-zero" scale="6" id="f-2195">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Long-term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LongtermBorrowings" format="ixt:fixed-zero" scale="6" id="f-2196">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LongtermBorrowings" format="ixt:fixed-zero" scale="6" id="f-2197">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2198">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="6" id="f-2199">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-2193-1"><div style="position: var(--position); top: 183.45pt; width: 612pt;"><div style="font-size: 0pt; left: 71.25pt; position: var(--position); top: 0pt; width: 468.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 365.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 365.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 365.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1&#160;January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="6" id="f-2200">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2201">148.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 365.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 365.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repayments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="6" id="f-2202">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" scale="6" id="f-2203">148.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 365.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 365.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additional draws<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" scale="6" id="f-2204">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="0" id="f-2205">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 365.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 365.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2206">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="6" id="f-2207">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 289.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Secured credit agreements <span style="display: inline-block; height: 7.28pt;"></span><span id="i5743c0d47c5045338a9a511857da0090"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 307.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group, through its regulated subsidiary, Marex Capital Markets Inc. ('MCMI') has a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 486.07000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-443" decimals="INF" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-2208">200.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 524.97pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 319.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-444" decimals="INF" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-2209">125.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.01pt; position: var(--position); text-decoration: none; white-space: pre;">) uncommitted securities financing facility arranged by a leading financial institution. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 331.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding borrowing was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.88pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-443" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2210">30.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.22pt; position: var(--position); text-decoration: none; white-space: pre;"> as at 31 December 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 380.88pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-444" decimals="-5" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="0" id="f-2211">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.88pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 349.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In the ordinary course of its broker-dealer activities, MCMI has appointed The Bank of New York <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 361.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Mellon to act as its clearing agent ('Clearing Agent') for the purpose of clearing and settling transactions in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 373.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities maintained in the Federal Reserve/Treasury book entry system for receiving and delivering <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Federal Reserve Board (FRB) Securities ('MCMI Clearing Agreement'). Under the terms of the MCMI <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Clearing Agreement, the Clearing Agent may finance, on an overnight basis, failed deliveries of FRB <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities and/or the position in FRB Securities collateralised on FRB Securities, subject to certain <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 421.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">haircuts. There was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-445" decimals="INF" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="0" id="f-2212">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 172.91pt; position: var(--position); text-decoration: none; white-space: pre;"> outstanding borrowing as at 31 December 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 425.69pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-446" decimals="INF" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="0" id="f-2213">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 435.69pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 457.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Revolving credit facilities<span style="display: inline-block; height: 7.28pt;"></span><span id="iff6696447fbc458492dc58dcfd1a5a23"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 475.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 30 June 2023, the Group refinanced its syndicated revolving credit facility (RCF) on improved <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 487.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms and conditions with HSBC Bank plc. The RCF is unsecured and committed up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 457.81pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-447" decimals="INF" name="mar:BorrowingFacilitiesMaximumBorrowingCapacity" scale="6" id="f-2214">150.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 496.71pt; position: var(--position); text-decoration: none; white-space: pre;"> (31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 499.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 148.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-448" decimals="INF" name="mar:BorrowingFacilitiesMaximumBorrowingCapacity" scale="6" id="f-2215">150.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.57pt; position: var(--position); text-decoration: none; white-space: pre;">) with a renewal date of 30&#160;June 2026. As at 31 December 2024 the facility was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 511.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">undrawn (2023: undrawn). The RCF contains certain financial and other covenants.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 529.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest on the amount utilised is calculated at a currency risk free rate plus a spread of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 487.47pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-449" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-4" id="f-2216">210</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 504.15pt; position: var(--position); text-decoration: none; white-space: pre;"> basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">points plus a utilisation fee payable dependent on the percentage of utilisation. The maximum utilisation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 553.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fee payable is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.44pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-450" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-4" id="f-2217">50</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 147.56pt; position: var(--position); text-decoration: none; white-space: pre;"> basis points. Interest on the unutilised portion is charged at a fixed percentage rate of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-451" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-4" id="f-2218">74</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 83.12pt; position: var(--position); text-decoration: none; white-space: pre;"> basis points (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 172.55pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-451" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-4" id="f-2219">74</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> basis points).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 583.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group, through its regulated subsidiary, MCMI, has access to a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 401.75pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-452" decimals="INF" name="mar:BorrowingFacilitiesMaximumBorrowingCapacity" scale="6" id="f-2220">125.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 440.65pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 443.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-453" name="mar:BorrowingsMaturityTerm" format="ixt-sec:durday" id="f-2221">364</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 460.1pt; position: var(--position); text-decoration: none; white-space: pre;">-day (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 595.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-454" decimals="INF" name="mar:BorrowingFacilitiesMaximumBorrowingCapacity" scale="6" id="f-2222">100.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;">) unsecured committed revolving credit facility arranged by a leading financial institution. Interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 607.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">on the amount utilised is calculated as the US prime rate less <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.26pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-455" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-4" id="f-2223">25</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 356.38pt; position: var(--position); text-decoration: none; white-space: pre;"> basis points. Borrowing of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 476.34pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-452" decimals="-5" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-2224">122.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 515.24pt; position: var(--position); text-decoration: none; white-space: pre;"> was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 619.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding under this facility as at 31 December 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 352.53pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-454" decimals="-5" name="ifrs-full:UndrawnBorrowingFacilities" format="ixt:fixed-zero" scale="0" id="f-2225">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 362.53pt; position: var(--position); text-decoration: none; white-space: pre;">). The credit facility agreement contains <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 631.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain financial and other covenants.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">259<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1368"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory" id="f-2228" continuedAt="f-2228-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">22&#160; &#160; &#160; Derivative Instruments<span style="display: inline-block; height: 8pt;"></span><span id="i71aba7f7525748e2b68ea954ca16ed53"></span></span></ix:nonNumeric></div><ix:continuation id="f-2228-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" id="f-2229" continuedAt="f-2229-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative assets and derivative liabilities comprise the following:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-2229-1" continuedAt="f-2229-2"><div style="position: var(--position); top: 139.2pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.55pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 45.09pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Held for trading derivatives carried at fair value through profit and loss that are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">not designated in hedge accounting relationships:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Synthetic equity swap<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-456" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2230">243.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-457" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2231">177.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 74.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agriculture contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 74.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-458" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2232">296.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 74.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-459" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2233">171.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 88.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Energy contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 88.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-460" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2234">83.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 88.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-461" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2235">68.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 102.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-462" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2236">204.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-463" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2237">156.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Precious metal contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 117pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-464" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2238">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 117pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-465" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2239">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 131.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Credit contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 131.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-466" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2240">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 131.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-467" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2241">2.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Metals contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 145.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-468" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2242">3.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 145.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-469" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2243">11.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 159.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-470" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2244">233.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 159.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-471" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2245">24.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Crypto contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-472" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2246">13.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-473" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2247">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 188.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rates contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 188.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-474" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2248">55.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 188.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-475" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2249">11.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 202.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.005em; position: var(--position); text-decoration: none; white-space: pre;">Held for trading derivatives that are designated in hedge accounting relationships:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 216.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 216.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-476" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2250">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 216.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-477" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2251">6.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 231pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rates contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 231pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-478" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2252">25.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 231pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-479" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2253">23.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 245.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2254">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 245.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForTrading" scale="6" id="f-2255">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 413.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 263.78pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1174">3(b</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 272.43pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 274.42pt; position: var(--position); text-decoration: none; white-space: pre;"> and note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 301.04pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1513">36</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 307.7pt; position: var(--position); text-decoration: none; white-space: pre;"> for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="position: var(--position); top: 428.1pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.55pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 45.09pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Held for trading derivatives carried at fair value through profit or loss that are not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">designated in hedge accounting relationships:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Agriculture contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-458" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2256">221.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-459" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2257">131.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 74.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Energy contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 74.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-460" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2258">53.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 74.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-461" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2259">56.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 88.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 88.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-462" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2260">259.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 88.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-463" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2261">103.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Precious metal contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 102.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-464" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2262">3.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-465" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2263">2.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 117pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Credit contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 117pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-466" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2264">9.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 117pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-467" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2265">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 131.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Metals contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 131.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-468" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2266">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 131.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-469" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2267">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 145.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 145.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-470" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2268">65.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 145.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-471" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2269">52.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 159.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Crypto contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 159.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-472" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2270">16.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 159.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-473" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2271">34.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 174pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rates contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-474" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2272">62.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 174pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-475" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2273">13.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 188.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Held for trading derivatives that are designated in hedge accounting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">relationships:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 214.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-476" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2274">24.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-477" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2275">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 228.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rates contracts<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 228.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-478" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2276">33.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 228.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-479" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" format="ixt:fixed-zero" scale="6" id="f-2277">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 243pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2278">751.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 243pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForTrading" scale="6" id="f-2279">402.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 695.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 263.78pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1174">3(b</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 272.43pt; position: var(--position); text-decoration: none; white-space: pre;">)<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 274.42pt; position: var(--position); text-decoration: none; white-space: pre;"> and note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 301.04pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1513">36</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 307.7pt; position: var(--position); text-decoration: none; white-space: pre;"> for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">260<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1377"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDeferredTaxesExplanatory" id="f-2280" continuedAt="f-2280-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">23&#160; &#160; &#160; Deferred Tax<span style="display: inline-block; height: 8pt;"></span><span id="ifbf3fe0d27b54d7a887681c02d635cc8"></span></span></ix:nonNumeric></div><ix:continuation id="f-2280-1" continuedAt="f-2280-2"><div style="position: var(--position); top: 95.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" id="f-2281" continuedAt="f-2281-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 768pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 177.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 75pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 177.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.65pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">Credited/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.91pt; position: var(--position); text-decoration: none; white-space: pre;">(expensed) to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.46pt; position: var(--position); text-decoration: none; white-space: pre;">the income <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.33pt; position: var(--position); text-decoration: none; white-space: pre;">statement<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.26pt; position: var(--position); text-decoration: none; white-space: pre;">Recognised on <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.47pt; position: var(--position); text-decoration: none; white-space: pre;">acquisition<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 36pt; left: 348pt; overflow: hidden; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.68pt; position: var(--position); text-decoration: none; white-space: pre;">Credited to other <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.7pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15pt; position: var(--position); text-decoration: none; white-space: pre;">income &amp; equity<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.24pt; position: var(--position); text-decoration: none; white-space: pre;">At <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.08pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 36pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 47.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Acquired Intangibles<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 47.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-480" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2282">1.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 47.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-481" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2283">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 47.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-481" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2284">4.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 47.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-481" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2285">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 47.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-482" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2286">4.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-483" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2287">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 61.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-484" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2288">1.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 61.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-484" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2289">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 61.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-484" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2290">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-485" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2291">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75.75pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation in excess of capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allowances<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 75.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-486" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2292">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 75.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-487" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2293">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 75.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-487" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2294">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 75.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-487" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2295">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 75.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-488" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2296">2.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease accounting<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-489" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2297">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 102pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-490" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2298">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 102pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-490" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2299">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 102pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-490" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2300">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-491" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2301">2.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 116.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other short-term timing differences<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-492" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2302">6.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 116.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-493" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2303">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 116.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-493" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2304">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 116.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-493" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2305">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-494" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2306">3.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 130.5pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Prepayments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 130.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-495" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2307">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 130.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-496" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-2308">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 130.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-496" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2309">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 130.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-496" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2310">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 130.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-497" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2311">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144.75pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revaluation of investments, cash flow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">hedges and liabilities designated at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 144.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-498" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2312">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 144.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-499" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2313">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 144.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-499" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2314">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 144.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-499" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2315">11.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 144.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-500" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2316">11.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 183pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 183pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-501" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2317">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 183pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-502" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2318">5.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 183pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-502" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2319">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 183pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-502" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2320">12.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 183pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-503" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2321">30.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 197.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax losses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 197.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-504" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2322">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 197.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-505" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-2323">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 197.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-505" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2324">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 197.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-505" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2325">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 197.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-506" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2326">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 211.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2327">17.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 211.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2328">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 211.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2329">4.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 211.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2330">23.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 211.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2331">42.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-2281-1"><div style="position: var(--position); top: 325.95pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 177.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 177.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.65pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.07pt; position: var(--position); text-decoration: none; white-space: pre;">Credited/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.91pt; position: var(--position); text-decoration: none; white-space: pre;">(expensed) to <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.46pt; position: var(--position); text-decoration: none; white-space: pre;">the income <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.33pt; position: var(--position); text-decoration: none; white-space: pre;">statement<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.26pt; position: var(--position); text-decoration: none; white-space: pre;">Recognised on <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.47pt; position: var(--position); text-decoration: none; white-space: pre;">acquisition<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="height: 36pt; left: 348pt; overflow: hidden; position: var(--position); top: 0pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.68pt; position: var(--position); text-decoration: none; white-space: pre;">Credited to other <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.7pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15pt; position: var(--position); text-decoration: none; white-space: pre;">income &amp; equity<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.24pt; position: var(--position); text-decoration: none; white-space: pre;">At <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 4.08pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 36pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 47.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Acquired Intangibles<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 47.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-507" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2332">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 47.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-508" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2333">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 47.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-508" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2334">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 47.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-508" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2335">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 47.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-480" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2336">1.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-509" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2337">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 61.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-510" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2338">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 61.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-510" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2339">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 61.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-510" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2340">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-483" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2341">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75.75pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation in excess of capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">allowances<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 75.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-511" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2342">3.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 75.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-512" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2343">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 75.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-512" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2344">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 75.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-512" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2345">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 75.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-486" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2346">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease accounting<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-513" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2347">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 102pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-514" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2348">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 102pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-514" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2349">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 102pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-514" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2350">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-489" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2351">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 116.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other short-term timing differences<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-515" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2352">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 116.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-516" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2353">3.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 116.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-516" decimals="-5" sign="-" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2354">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 116.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-516" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2355">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-492" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2356">6.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 130.5pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Prepayments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 130.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-517" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2357">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 130.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-518" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2358">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 130.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-518" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2359">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 130.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-518" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2360">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 130.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-495" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2361">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 144.75pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revaluation of investments, cash flow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">hedges and liabilities designated at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 144.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-519" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2362">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 144.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-520" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2363">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 144.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-520" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2364">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 144.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-520" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2365">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 144.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-498" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2366">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 183pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 183pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-521" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2367">4.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 183pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-522" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2368">5.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 183pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-522" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2369">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 183pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-522" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2370">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 183pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-501" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2371">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 197.25pt; width: 177.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 177.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax losses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 197.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-523" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2372">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 197.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-524" decimals="-5" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2373">1.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 197.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-524" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2374">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 197.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-524" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2375">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 197.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-504" decimals="-5" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-2376">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177.75pt; position: var(--position); top: 211.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2377">7.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 211.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-2378">8.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 211.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 36.07pt;"></span></span><span style="left: 38.7pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" scale="6" id="f-2379">2.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 211.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-2380">3.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 211.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2381">17.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 580.7pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 465pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-2382">46.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-2383">21.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DeferredTaxLiabilities" scale="6" id="f-2384">4.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DeferredTaxLiabilities" scale="6" id="f-2385">3.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2386">42.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" scale="6" id="f-2387">17.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">261<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-2280-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Business Combinations<span style="display: inline-block; height: 7.28pt;"></span><span id="ia5c64cdc76424eca9cd197c7b17facac"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The recognition of Marex&#8217;s deferred tax assets is dependent on the availability of sufficient taxable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profits when the timing differences reverse. The acquisitions of Pinnacle Fuel LLC, Dropet and ILS <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Brokers Limited (2024) in addition to Cowen, OTCex, GMN, Eagle and ED&amp;F acquisitions (2023) have <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not changed the probability of the availability of sufficient future taxable profits and therefore the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">probability of realising any pre-acquisition deferred tax assets has not changed. As such, no&#160;additional <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosure is made.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Offset<span style="display: inline-block; height: 7.28pt;"></span><span id="iced87b3f791c4b73a341847ba5c5fdec"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax assets and liabilities are offset where the Group has a legally enforceable right to do <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">so. Deferred tax balances have been measured using the tax rates that are expected to apply when the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">asset is realised or the liability is settled based upon the tax rates that have been enacted or substantially <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enacted by the balance sheet date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Unrecognised deferred tax assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i5a146561ae80474b91be332778dec6d5"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has unrecognised deferred tax assets in respect of the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Tax losses of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.56pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" scale="6" id="f-2388">34.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.89999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 233.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" scale="6" id="f-2389">27.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.12pt; position: var(--position); text-decoration: none; white-space: pre;">) relate to losses with no expiry date. The increase in these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">unrecognised losses compared to the prior period is primarily driven by tax losses incurred during <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the year in Australia and losses acquired in Hong Kong. These assets are not recognised on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">basis of insufficient evidence concerning profits being available against which deferred tax assets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">could be utilised.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 356.4pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1386"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 356.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory" id="f-2390" continuedAt="f-2390-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">24&#160; &#160; &#160; Trade and Other Payables<span style="display: inline-block; height: 8pt;"></span><span id="i193e15ef0b934cde83199a1778089edd"></span></span></ix:nonNumeric></div><ix:continuation id="f-2390-1" continuedAt="f-2390-2"><div style="position: var(--position); top: 369.6pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutTradeAndOtherPayablesTableTextBlock" id="f-2391" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing houses and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2392">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterparties" format="ixt:num-dot-decimal" scale="6" id="f-2393">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:PayablesToClients" format="ixt:num-dot-decimal" scale="6" id="f-2394">7,270.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:PayablesToClients" format="ixt:num-dot-decimal" scale="6" id="f-2395">4,899.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Accruals<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:Accruals" scale="6" id="f-2396">468.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Accruals" scale="6" id="f-2397">379.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherPayablesToTradeSuppliers" scale="6" id="f-2398">470.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherPayablesToTradeSuppliers" scale="6" id="f-2399">16.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other tax and social security taxes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" scale="6" id="f-2400">9.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" scale="6" id="f-2401">10.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:DeferredIncomeOtherThanContractLiabilities" scale="6" id="f-2402">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:DeferredIncomeOtherThanContractLiabilities" scale="6" id="f-2403">0.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:OtherPayables" scale="6" id="f-2404">17.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:OtherPayables" scale="6" id="f-2405">18.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" format="ixt:num-dot-decimal" scale="6" id="f-2406">9,740.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" format="ixt:num-dot-decimal" scale="6" id="f-2407">6,785.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></ix:nonNumeric></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 550.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Included in amounts payable to clients and amounts due to exchanges, clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 562.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties are segregated balances of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 262.01pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterpartiesSegregated" format="ixt:num-dot-decimal" scale="6" id="f-2408">4,733.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.24pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 343.12pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterpartiesSegregated" format="ixt:num-dot-decimal" scale="6" id="f-2409">3,820.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.35pt; position: var(--position); text-decoration: none; white-space: pre;">) and non-segregated balances of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 574.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterpartiesNonSegregated" format="ixt:num-dot-decimal" scale="6" id="f-2410">4,038.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.22999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:PayablesToExchangesClearingHousesAndOtherCounterpartiesNonSegregated" format="ixt:num-dot-decimal" scale="6" id="f-2411">2,540.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 200.34pt; position: var(--position); text-decoration: none; white-space: pre;">).&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 592.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Directors consider that the carrying amount of trade and other payables is not materially <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 604.05pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-2390-2">different to their fair value.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 629.25pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1404"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 629.25pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfContingentLiabilitiesExplanatory" id="f-2412" continuedAt="f-2412-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">25&#160; &#160; &#160; Contingent Liabilities<span style="display: inline-block; height: 8pt;"></span><span id="i3ae17abca08f4af6899a41852d4d8e7a"></span></span></ix:nonNumeric></div><ix:continuation id="f-2412-1" continuedAt="f-2412-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 652.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">From time to time, the Group&#8217;s subsidiaries are engaged in litigation in relation to a variety of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 664.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">matters. In addition, the Group is required to provide information to regulators and other government <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 676.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agencies as part of informal and formal enquiries or market reviews.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">262<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-2412-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group's reputation may also be damaged by any involvement or the involvement of any of its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees or former employees in any regulatory investigation and by any allegations or findings, even <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">where the associated fine or penalty is not material.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As outlined above, in respect of legal matters or disputes for which a provision has not been made, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notwithstanding the uncertainties that are inherent in the outcome of such matters, there are no individual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">matters which are considered to pose a significant risk of material adverse financial impact on the Group's <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">results or net assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 168pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1413"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 168pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" id="f-2413" continuedAt="f-2413-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">26&#160; &#160; &#160; Share Capital<span style="display: inline-block; height: 8pt;"></span><span id="i965896acd9704618ac94ed8cc3f74ccc"></span></span></ix:nonNumeric></div><ix:continuation id="f-2413-1" continuedAt="f-2413-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory" id="f-2414" continuedAt="f-2414-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table provides the number and value of shares outstanding at the beginning and at <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-2414-1" continuedAt="f-2414-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the end of the period, which are further reconciled to their movements in subsequent sections of this note:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 221.2pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 240pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 63pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="7" rowspan="1" style="border-bottom: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 0pt; width: 228pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 228pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 103.51pt; position: var(--position); text-decoration: none; white-space: pre;">Group <span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 11.25pt; width: 108.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 108.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.8pt; position: var(--position); text-decoration: none; white-space: pre;">Issued and fully paid<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #82358b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 11.25pt; width: 116.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 116.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.55pt; position: var(--position); text-decoration: none; white-space: pre;">Issued and fully paid<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 22.5pt; width: 55.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.31pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 22.5pt; width: 63pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 44.81pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 33.75pt; width: 55.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.45pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.4pt; position: var(--position); text-decoration: none; white-space: pre;">$'000<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 33.75pt; width: 63pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.95pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.4pt; position: var(--position); text-decoration: none; white-space: pre;">$'000<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45pt; width: 240pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 240pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 89.27pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-525" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2415">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> each<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 45pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-525" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2416">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 45pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-525" decimals="-3" name="ifrs-full:IssuedCapital" format="ixt:fixed-zero" scale="3" id="f-2417">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 45pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.79pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-526" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2418">106,491,588</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 45pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-526" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2419">18</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 240pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 240pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 89.27pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-527" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2420">0.001551</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> each<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 59.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.85pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-527" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2421">72,221,843</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 59.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 30.94pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-527" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2422">112</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 59.25pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 50.37pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-528" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2423">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 59.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-528" decimals="-3" name="ifrs-full:IssuedCapital" format="ixt:fixed-zero" scale="3" id="f-2424">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 240pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 240pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-voting Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 140.38pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-529" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2425">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.63pt; position: var(--position); text-decoration: none; white-space: pre;"> each<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 73.5pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-529" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2426">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-529" decimals="-3" name="ifrs-full:IssuedCapital" format="ixt:fixed-zero" scale="3" id="f-2427">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 73.5pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 15.91pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-530" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2428">3,986,376</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 73.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-530" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2429">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 87.75pt; width: 240pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 240pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 89.83pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-531" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2430">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> each<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 87.75pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 8.41pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-531" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2431">4,129,436</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 87.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-531" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2432">3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 87.75pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.79pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-532" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2433">107,491,490</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 87.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-532" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2434">69</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 240pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 240pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 83.14999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-533" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2435">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 130.4pt; position: var(--position); text-decoration: none; white-space: pre;"> each<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-533" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2436">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 37.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-533" decimals="-3" name="ifrs-full:IssuedCapital" format="ixt:fixed-zero" scale="3" id="f-2437">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 102pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-534" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2438">24,892,848</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 102pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-534" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2439">4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 116.25pt; width: 55.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.85pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2440">76,351,279</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 298.5pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 30.94pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2441">115</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 351.75pt; position: var(--position); top: 116.25pt; width: 63pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 63pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.79pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2442">242,862,302</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.5pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="ifrs-full:IssuedCapital" scale="3" id="f-2443">92</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.22pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="mar:NumberOfSharesUnauthorised" format="ixt:fixed-zero" scale="0" id="f-2444">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.34pt; position: var(--position); text-decoration: none; white-space: pre;"> unauthorised share capital for any class of share. There are <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.55999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="ifrs-full:NumberOfSharesIssuedButNotFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2445">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 430.67999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> shares issued but not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fully paid.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 392.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the IPO, in April 2024, the following steps were taken to reorganise share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital. Such steps were completed immediately before the completion of the IPO:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 7.28pt;"></span><span id="i23f5744be1a045d497d0fc19ba398a54"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary shares reorganisation<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 440.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">a.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-534" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2446">24,892,848</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.04pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-534" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2447">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 286.58pt; position: var(--position); text-decoration: none; white-space: pre;"> were reorganised as the following:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 458.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The growth options were exercised which created <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.21999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-535" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2448">185,894</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 364.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> new growth shares.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 453.78pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-536" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2449">25,078,742</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.04pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.32999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-536" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2450">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 286.58pt; position: var(--position); text-decoration: none; white-space: pre;"> were converted into <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 379.34pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-537" decimals="INF" name="mar:IssueOfEquitySharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2451">15,148,855</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 429.35999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-538" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2452">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.26999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 175.49pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-539" decimals="INF" name="mar:IssueOfEquitySharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2453">9,929,887</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 219.95pt; position: var(--position); text-decoration: none; white-space: pre;"> deferred shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 306.6pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-540" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2454">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 353.85pt; position: var(--position); text-decoration: none; white-space: pre;"> upon the occurrence of the IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-539" decimals="INF" name="mar:IssueOfEquitySharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2455">9,929,887</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.48pt; position: var(--position); text-decoration: none; white-space: pre;"> deferred shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 237.13pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-540" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2456">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.38pt; position: var(--position); text-decoration: none; white-space: pre;"> which were redenominated and consolidated to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 518.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-541" decimals="INF" name="mar:IssueOfEquitySharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2457">2,806,815</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.48pt; position: var(--position); text-decoration: none; white-space: pre;"> Deferred Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 240.45pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2458">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.7pt; position: var(--position); text-decoration: none; white-space: pre;"> by using the exchange rate equal to the average closing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 530.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">rate of exchange for the five days up to and ended 19&#160;April 2024 for the relevant currency paid of&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 542.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">USD/GBP&#160; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.34pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerGBP" contextRef="c-543" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-2459">1.2446</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.47pt; position: var(--position); text-decoration: none; white-space: pre;">/&#163;1. All <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 225.22pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-530" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2460">3,986,376</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 269.68pt; position: var(--position); text-decoration: none; white-space: pre;"> Non-voting Ordinary Shares as at <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 423.53pt; position: var(--position); text-decoration: none; white-space: pre;">1&#160;January 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 492.44pt; position: var(--position); text-decoration: none; white-space: pre;"> and new <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">issuance of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 159.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-544" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2461">875,171</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 195.48pt; position: var(--position); text-decoration: none; white-space: pre;"> Non-voting Ordinary Shares to the holder of the warrant issued in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.29999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">2012<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 511.53999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">exercised before the occurrence of the IPO were reclassified to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 387.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-545" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2462">4,861,547</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 432.08pt; position: var(--position); text-decoration: none; white-space: pre;"> Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-546" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2463">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.26999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">.. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 596.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">b.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">In addition, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 157.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-547" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2464">2,039,124</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 202.13pt; position: var(--position); text-decoration: none; white-space: pre;"> ordinary shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.67pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-546" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2465">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 334.92pt; position: var(--position); text-decoration: none; white-space: pre;"> were issued in the capital of the Company to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 608.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the Employee Benefit Trust Limited in its role as nominee for the holders of Growth Shares in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">satisfaction of the dividends paid by Marex since the issuance of series <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 422.64pt; position: var(--position); text-decoration: none; white-space: pre;">2016<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 444.88pt; position: var(--position); text-decoration: none; white-space: pre;">, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 450.41999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">2019<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 472.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.88pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 517.12pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Growth shares in accordance with the terms upon which they were issued. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span><span id="id7d2be427f4642bf89b1556acc601bed"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse Share Split<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">All <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.89pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-546" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2466">128,541,114</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 174.73pt; position: var(--position); text-decoration: none; white-space: pre;"> Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 264.14pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-546" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2467">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 311.39pt; position: var(--position); text-decoration: none; white-space: pre;"> were consolidated into <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 416.38pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-548" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2468">68,375,690</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 466.4pt; position: var(--position); text-decoration: none; white-space: pre;"> Ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.56pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-549" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2469">0.001551</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.81pt; position: var(--position); text-decoration: none; white-space: pre;"> at a&#160;conversion rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 303.21999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">1.88<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 322.67pt; position: var(--position); text-decoration: none; white-space: pre;"> to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 336.54pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 342.1pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #ffffff; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">263<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-2413-2" continuedAt="f-2413-3"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 7.28pt;"></span><span id="i3ae868f624844377be4cea4a49d62ba3"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Share Cancellation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-541" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:num-dot-decimal" scale="0" id="f-2470">106,168,869</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.6pt; position: var(--position); text-decoration: none; white-space: pre;"> Deferred Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 251.57pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2471">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.82pt; position: var(--position); text-decoration: none; white-space: pre;"> each in the share capital of the Company were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">cancelled.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Deferred shares have no voting rights, no right to participate in dividends or distributions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">no right to redemption. On&#160;a&#160;return of capital on a winding up or otherwise, the assets of the Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">available for distribution to its members shall be&#160;applied in paying a sum equal to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 431.39pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesCancelledPayoutPerShareMaximum" scale="0" id="f-2472">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 442.51pt; position: var(--position); text-decoration: none; white-space: pre;"> to the holders of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deferred shares pro rata according to the number of deferred shares&#160;held by them (rounded to the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">nearest <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.11pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="2" name="mar:NumberOfSharesCancelledRoundingPayoutPerShare" scale="0" id="f-2473">0.01</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 133.12pt; position: var(--position); text-decoration: none; white-space: pre;">, but such that the total paid in aggregate to all the holders shall in no event&#160;exceed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 503.05pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesCancelledPayoutPerShareMaximum" scale="0" id="f-2474">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.1700000000001pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As part of the initial public offering, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.65pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-550" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2475">3,846,153</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 300.11pt; position: var(--position); text-decoration: none; white-space: pre;"> Ordinary Shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.52pt; position: var(--position); text-decoration: none; white-space: pre;">US$<ix:nonFraction unitRef="usdPerShare" contextRef="c-551" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2476">0.001551</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 450.65pt; position: var(--position); text-decoration: none; white-space: pre;"> each in the share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital of the Company were then issued.The sale of shares raised <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 370.29pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-550" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" scale="6" id="f-2477">68.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.63pt; position: var(--position); text-decoration: none; white-space: pre;"> in cash, with issue costs of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-550" decimals="-5" name="ifrs-full:ShareIssueRelatedCost" scale="6" id="f-2478">4.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following is a roll forward analysis of the share movements outlining the share capital <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reorganisation completed prior to the IPO and movements for the year:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><ix:continuation id="f-2414-2" continuedAt="f-2414-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table provides a reconciliation of the share reorganisation activities outlined above:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2414-3" continuedAt="f-2414-4"><div style="position: var(--position); top: 284.4pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 117pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 58.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="11" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 0pt; width: 351pt;"><div><div style="line-height: 6.9pt; position: var(--position); top: 3.28pt; width: 351pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 165.16pt; position: var(--position); text-decoration: none; white-space: pre;">Group<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td></tr><tr style="height: 44.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 11.44pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 20.27pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Ordinary <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 19.72pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 18.53pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">shares of <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 28pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 16.6pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-527" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2479">0.001551</ix:nonFraction><span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 47.620000000000005pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 50.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 22.6pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 11.25pt; width: 60.75pt;"><div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 19.72pt; width: 60.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 7.84pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Ordinary shares <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 28pt; width: 60.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 19.2pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">of <span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 27.1pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-525" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2480">0.000165</ix:nonFraction><span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 58.120000000000005pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 60.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 33.1pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 11.25pt; width: 55.5pt;"><div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 3.16pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 18.22pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Non-voting <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 11.44pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 25.52pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Ordinary <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 19.72pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 23.01pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Shares of <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 28pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 21.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-529" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2481">0.000165</ix:nonFraction><span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 52.870000000000005pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 27.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 11.25pt; width: 58.5pt;"><div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 19.72pt; width: 58.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 5.2pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Deferred Shares <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 28pt; width: 58.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 16.95pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">of <span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 24.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="usdPerShare" contextRef="c-531" decimals="INF" name="ifrs-full:ParValuePerShare" format="ixt:num-dot-decimal" scale="0" id="f-2482">0.000469</ix:nonFraction><span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 55.870000000000005pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 58.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 30.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 11.25pt; width: 55.5pt;"><div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 19.72pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 6.08pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 28pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 13.95pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">of <span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 21.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-533" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2483">0.000165</ix:nonFraction><span style="display: inline-block; height: 5.02pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 52.870000000000005pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="font-size: 12pt; line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 55.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 27.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 11.25pt; width: 55.5pt;"><div><div style="line-height: 6.9pt; position: var(--position); top: 28pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 37.27pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.02pt;"></span></span></div><div style="line-height: 6.9pt; position: var(--position); top: 36.28pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 6.9pt; font-style: normal; font-weight: bold; left: 27.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.02pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 55.5pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 55.5pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 38.84pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-528" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2484">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 55.5pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 10.54pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-526" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2485">106,491,588</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 55.5pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 14.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-530" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2486">3,986,376</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 55.5pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 8.29pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-532" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2487">107,491,490</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 55.5pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 10.07pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-534" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2488">24,892,848</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 55.5pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 5.29pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2489">242,862,302</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.29pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: italic; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Ordinary shares <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.09pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: italic; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">reorganisation pre-IPO (1)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 38.84pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-552" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:fixed-zero" scale="0" id="f-2490">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 68.25pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 15.32pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-553" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:num-dot-decimal" scale="0" id="f-2491">22,049,526</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.31pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-554" decimals="INF" sign="-" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:num-dot-decimal" scale="0" id="f-2492">3,986,376</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 68.25pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-555" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:num-dot-decimal" scale="0" id="f-2493">2,806,815</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.53pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-556" decimals="INF" sign="-" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:num-dot-decimal" scale="0" id="f-2494">24,892,848</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 68.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.31pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-557" decimals="INF" sign="-" name="mar:NumberOfSharesIssuedAndFullyPaidReorganization" format="ixt:num-dot-decimal" scale="0" id="f-2495">4,022,883</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 92.25pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.26pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Total: Post ordinary shares <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">organisation<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 92.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 38.84pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-549" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:fixed-zero" scale="0" id="f-2496">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 92.25pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 10.54pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-546" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2497">128,541,114</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 92.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-558" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:fixed-zero" scale="0" id="f-2498">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 92.25pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 8.29pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2499">110,298,305</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 92.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-536" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:fixed-zero" scale="0" id="f-2500">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 92.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 5.29pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-47" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterOrdinaryShareOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2501">238,839,419</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 116.25pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.84pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: italic; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Reverse share split (2)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 116.25pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.82pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-548" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2502">68,375,690</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 116.25pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 5.66pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-545" decimals="INF" sign="-" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2503">128,541,114</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 116.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-544" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:fixed-zero" scale="0" id="f-2504">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 116.25pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 47.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-541" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:fixed-zero" scale="0" id="f-2505">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 116.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-535" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:fixed-zero" scale="0" id="f-2506">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 116.25pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.53pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-48" decimals="INF" sign="-" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2507">60,165,424</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 129pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.29pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: italic; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Deferred share cancellation <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.09pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: italic; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(3)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 129pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 38.84pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-548" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:fixed-zero" scale="0" id="f-2508">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 129pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 49.34pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-545" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:fixed-zero" scale="0" id="f-2509">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 129pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-544" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:fixed-zero" scale="0" id="f-2510">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 129pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.75pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-541" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:num-dot-decimal" scale="0" id="f-2511">106,168,869</ix:nonFraction>)<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 129pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-535" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:fixed-zero" scale="0" id="f-2512">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 129pt; width: 55.5pt;"><div><div style="line-height: 8.5pt; position: var(--position); top: 14.54pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: normal; left: 2.74pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-48" decimals="INF" name="mar:NumberOfSharesCancelled" format="ixt:num-dot-decimal" scale="0" id="f-2513">106,168,869</ix:nonFraction>)<span style="display: inline-block; height: 6.18pt;"></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 3.26pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">Total: Post share capital <span style="display: inline-block; height: 6.55pt;"></span></span></div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">organisation<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 153pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.82pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-549" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2514">68,375,690</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 153pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 49.34pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-546" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:fixed-zero" scale="0" id="f-2515">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 153pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-558" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:fixed-zero" scale="0" id="f-2516">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 153pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2517">4,129,436</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 153pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-536" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:fixed-zero" scale="0" id="f-2518">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 153pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 14.06pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.07pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-47" decimals="INF" name="mar:NumberOfSharesIssuedAndFullyPaidAfterShareCapitalOrganisation" format="ixt:num-dot-decimal" scale="0" id="f-2519">72,505,126</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 177pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">IPO<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 177pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 9.6pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-550" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2520">3,846,153</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 177pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 49.34pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-537" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:fixed-zero" scale="0" id="f-2521">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 177pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-559" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:fixed-zero" scale="0" id="f-2522">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 177pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 47.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-539" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:fixed-zero" scale="0" id="f-2523">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 177pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-560" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:fixed-zero" scale="0" id="f-2524">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 177pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 14.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-561" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2525">3,846,153</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189.75pt; width: 117pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 117pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 117pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 4.82pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-527" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2526">72,221,843</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 170.25pt; position: var(--position); top: 189.75pt; width: 60.75pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 60.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 49.34pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-525" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2527">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 234pt; position: var(--position); top: 189.75pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-529" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2528">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 292.5pt; position: var(--position); top: 189.75pt; width: 58.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 58.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 17.85pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-531" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2529">4,129,436</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 354pt; position: var(--position); top: 189.75pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 44.09pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-533" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:fixed-zero" scale="0" id="f-2530">&#8212;</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 412.5pt; position: var(--position); top: 189.75pt; width: 55.5pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.81pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: normal; left: 10.07pt; letter-spacing: -0.025em; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2531">76,351,279</ix:nonFraction><span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 512.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table provides a reconciliation of the prior year movements in the Group's share <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 536.3pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 162.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 62.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 62.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 56.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 62.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="9" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 162.75pt; position: var(--position); top: 0pt; width: 305.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 305.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 142.9pt; position: var(--position); text-decoration: none; white-space: pre;">Group <span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 162.75pt; position: var(--position); top: 11.25pt; width: 62.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 32.8pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 38.62pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 34.74pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 13.8pt; position: var(--position); text-decoration: none; white-space: pre;">Non-voting<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 22.35pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 26.62pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 22.74pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 281.25pt; position: var(--position); top: 11.25pt; width: 62.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 32.41pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 38.62pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 34.74pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 346.5pt; position: var(--position); top: 11.25pt; width: 56.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 31.08pt; position: var(--position); text-decoration: none; white-space: pre;">Growth<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 32.62pt; position: var(--position); text-decoration: none; white-space: pre;">shares<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 28.74pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 11.25pt; width: 62.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 44.85pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: normal; left: 34.74pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 47.25pt; width: 162.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 162.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 1 January 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 162.75pt; position: var(--position); top: 47.25pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-562" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2532">106,491,588</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 47.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.16pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-563" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2533">3,986,376</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 281.25pt; position: var(--position); top: 47.25pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-564" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2534">107,462,989</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 346.5pt; position: var(--position); top: 47.25pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-565" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2535">24,992,848</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 47.25pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-8" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2536">242,933,801</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 162.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 162.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Movement during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 162.75pt; position: var(--position); top: 61.5pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-566" decimals="INF" name="mar:IncreaseDecreaseInNumberOfSharesIssuedAndFullyPaid" scale="0" id="f-2537">0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.06pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-567" decimals="INF" name="mar:IncreaseDecreaseInNumberOfSharesIssuedAndFullyPaid" scale="0" id="f-2538">0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 281.25pt; position: var(--position); top: 61.5pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 29.05pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-568" decimals="INF" name="mar:IncreaseDecreaseInNumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2539">28,501</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 346.5pt; position: var(--position); top: 61.5pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 10.83pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-569" decimals="INF" sign="-" name="mar:IncreaseDecreaseInNumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2540">100,000</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 61.5pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 22.39pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-5" decimals="INF" sign="-" name="mar:IncreaseDecreaseInNumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2541">71,499</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 75.75pt; width: 162.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 162.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 162.75pt; position: var(--position); top: 75.75pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-526" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2542">106,491,588</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 228pt; position: var(--position); top: 75.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.16pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-530" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2543">3,986,376</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 281.25pt; position: var(--position); top: 75.75pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-532" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2544">107,491,490</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 346.5pt; position: var(--position); top: 75.75pt; width: 56.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 56.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-534" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2545">24,892,848</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 75.75pt; width: 62.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 62.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 4.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-2546">242,862,302</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 637.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 6 November 2023, the Employee Benefit Trust acquired the beneficial interests in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 478.04999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-570" decimals="INF" name="mar:NumberOfSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-2547">100,000</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.18pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 649.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Growth shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.86pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-571" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2548">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.11pt; position: var(--position); text-decoration: none; white-space: pre;"> each&#160;from&#160;an ex-employee. Subsequently, on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 404.02pt; position: var(--position); text-decoration: none; white-space: pre;">14&#160;December 2023<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.04pt; position: var(--position); text-decoration: none; white-space: pre;">, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 661.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-570" decimals="INF" name="mar:NumberOfSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-2549">100,000</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108.13pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.76pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-571" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2550">0.000165</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 237.01pt; position: var(--position); text-decoration: none; white-space: pre;"> each were redenominated from USD to GBP using the exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 673.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate USD/GBP <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerGBP" contextRef="c-572" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-2551">1.23</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 164.55pt; position: var(--position); text-decoration: none; white-space: pre;">/<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 167.32pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.44pt; position: var(--position); text-decoration: none; white-space: pre;">, such that the new denomination of the Growth shares became <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 461.72pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-573" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2552">0.000133668</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 525.65pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 91.99pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-574" decimals="INF" name="mar:NumberOfSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-2553">100,000</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.12pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 209.75pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-573" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2554">0.000133668</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.68pt; position: var(--position); text-decoration: none; white-space: pre;"> were then consolidated into <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 400.89pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-575" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2555">28,501</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 431.46pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth shares of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 697.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-576" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2556">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 119.25pt; position: var(--position); text-decoration: none; white-space: pre;"> each. The <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 169.05pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-575" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2557">28,501</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.62pt; position: var(--position); text-decoration: none; white-space: pre;"> Growth shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 281.25pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-576" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2558">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.5pt; position: var(--position); text-decoration: none; white-space: pre;"> each were then re-designated as <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.61pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-577" decimals="INF" name="mar:ReverseShareSplitSharesConverted" format="ixt:num-dot-decimal" scale="0" id="f-2559">28,501</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 510.18pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 709.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred shares of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 157.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-578" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-2560">0.000469</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 204.79pt; position: var(--position); text-decoration: none; white-space: pre;"> each.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 232.01pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #ffffff; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">264<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-2413-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><ix:continuation id="f-2414-4" continuedAt="f-2414-5"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The rights of the shares are as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2414-5"><div style="position: var(--position); top: 108pt; width: 612pt;"><div style="font-size: 0pt; left: 69pt; position: var(--position); top: 0pt; width: 471pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 134.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 336.75pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 134.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 134.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Class of share<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 134.25pt; position: var(--position); top: 0pt; width: 336.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Rights<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 50.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 134.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 134.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Ordinary Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 134.25pt; position: var(--position); top: 14.25pt; width: 336.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Full voting rights and right to participate in ordinary dividends ranking pari <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">passu with non-voting ordinary shares. In the event of a winding up, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 26.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">entitled to a return of capital ranking pari passu with non-voting ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 38.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares and no right of redemption.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 64.5pt; width: 134.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 134.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-voting Ordinary Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 134.25pt; position: var(--position); top: 64.5pt; width: 336.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As per ordinary shares, other than having no voting rights.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 86.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 78.75pt; width: 134.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 134.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 134.25pt; position: var(--position); top: 78.75pt; width: 336.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">No voting rights, no right to participate in dividends or distributions and no <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 14.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">right to redemption. On a return of capital on a winding up or otherwise, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 26.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the assets of the Company available for distribution to its members shall <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 38.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">be applied in paying a sum equal to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162.63pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesCancelledPayoutPerShareMaximum" scale="0" id="f-2561">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 173.75pt; position: var(--position); text-decoration: none; white-space: pre;"> to the holders of the deferred <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 50.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares pro rata according to the number of deferred shares held by them <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 62.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(rounded to the nearest <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 109.28999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="2" name="mar:NumberOfSharesCancelledRoundingPayoutPerShare" scale="0" id="f-2562">0.01</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 134.29999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">, but such that the total paid in aggregate to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 74.63pt; width: 336.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">all the holders shall in no event exceed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.62pt; position: var(--position); text-decoration: none; white-space: pre;">&#163;<ix:nonFraction unitRef="gbpPerShare" contextRef="c-542" decimals="INF" name="mar:NumberOfSharesCancelledPayoutPerShareMaximum" scale="0" id="f-2563">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.74pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 158.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 134.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 134.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Growth Shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 134.25pt; position: var(--position); top: 165pt; width: 336.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Following its initial public offering, the Company no longer has any growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares. Growth shares were issued in several series as part of a share-<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 26.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">based remuneration scheme. On a liquidity event such as an initial public <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 38.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">offering or a sale, the growth shares entitled the holder thereof to a return <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 50.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">should the proceeds exceed a specific level, as set for each series on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 62.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">issuance. The holders of growth shares had no voting rights, no rights to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 74.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">participate in dividends, no entitlements to participate in a winding up and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 86.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">could not impact the timing of a liquidity event. The growth shares were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 98.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">redeemable on a liquidity event in cash or by conversion into non-voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 110.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares, as elected by the holders thereof. In the absence of such <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 122.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">an election, the default settlement was conversion into non-voting ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 134.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">shares. Prior to the initial public offering the holders of the growth shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 146.63pt; width: 336.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">elected to equity settle their awards. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation><div style="position: absolute; top: 442.25pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1423"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 442.25pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTreasurySharesExplanatory" id="f-2565" continuedAt="f-2565-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">27&#160; &#160; &#160; Own Shares<span style="display: inline-block; height: 8pt;"></span><span id="i419c72f9f9ee4fdaa99ad0fb524e88aa"></span></span></ix:nonNumeric></div><ix:continuation id="f-2565-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 465.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, the Group (through the Employee Benefit Trust) held <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.38pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-3" decimals="INF" name="mar:IssueOfSharesTreasuryShares" format="ixt:num-dot-decimal" scale="0" id="f-2566">1,930,957</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 495.84000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 477.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="INF" name="mar:IssueOfSharesTreasuryShares" format="ixt:num-dot-decimal" scale="0" id="f-2567">2,024,308</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 116.46000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">) non-voting ordinary shares purchased at a total cost of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.42pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-2568">23.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.76pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 433.64pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-2569">9.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 461.42pt; position: var(--position); text-decoration: none; white-space: pre;">). This amount is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 489.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shown as a debit balance within total equity. The movement in 2024 consists of the issuance of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 493.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-579" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-2570">875,171</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 529.9100000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 501.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-voting ordinary shares to the holder of warrants issued in 2012, which were subsequently <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 513.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">redesignated into ordinary shares and repurchased at a total cost of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 374.2pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PurchaseOfTreasuryShares" scale="6" id="f-2571">19.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407.54pt; position: var(--position); text-decoration: none; white-space: pre;">. The purchase cost is offset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 525.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">by the vesting of ordinary shares at a cost of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 270.83000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-40" decimals="-5" name="mar:IncreaseDecreaseThroughShareBasedPaymentTransactionsShareSettlementEquity" scale="6" id="f-2572">6.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 298.61pt; position: var(--position); text-decoration: none; white-space: pre;"> under the Deferred Bonus Plan. Refer to note 28, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 537.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Share Capital, for further detail in relation to the share redesignation of non-voting ordinary shares into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 549.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares as a result of the IPO.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">265<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1432"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-2192-2" continuedAt="f-2192-3"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">28&#160; &#160; &#160; Additional Capital (AT1 securities)<span style="display: inline-block; height: 8pt;"></span><span id="if30d581aac504d91bfaad7640de1d202"></span></span></ix:continuation></div><ix:continuation id="f-2192-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 95.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 169.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-2573">97.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 203.12pt; position: var(--position); text-decoration: none; white-space: pre;"> of AT1 securities (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.89pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-2574">97.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.23pt; position: var(--position); text-decoration: none; white-space: pre;">) which are perpetual securities with no <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 107.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fixed maturity and are structured to qualify as AT1 instruments under prevailing capital rules applicable. In <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 119.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2024, there was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 145.88pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 157pt; position: var(--position); text-decoration: none; white-space: pre;"> new issuance of AT1 securities (2023: no new issuance). There were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 466.58pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477.7pt; position: var(--position); text-decoration: none; white-space: pre;"> redemptions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 131.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.79000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> redemptions).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest on the securities, at a fixed rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 289.15pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-580" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2575">13.25</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 323.04999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"> per annum, is payable semi-annually in arrears <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 161.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in equal instalments on 30&#160;June and 30&#160;December in each year, commencing on 30 December 2022. On <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 173.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the first reset date on 30 December 2027, in&#160;the event that the securities are not redeemed, interest will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 185.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be reset to the five-year semi-annual US treasury securities yield plus a margin of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 434.69pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-581" decimals="5" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-2" id="f-2576">10.158</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 474.15pt; position: var(--position); text-decoration: none; white-space: pre;"> per&#160;annum. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 197.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The interest payment is fully discretionary and non-cumulative, and conditional upon the Group being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 209.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">solvent at the time of payment, having sufficient distributable reserves and not being required by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory authorities to cancel an interest payment.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Distributions amounting to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 218.66pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:DistributionsOfConvertibleInstruments" scale="6" id="f-2577">13.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252pt; position: var(--position); text-decoration: none; white-space: pre;"> were made in 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 373.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:DistributionsOfConvertibleInstruments" scale="6" id="f-2578">13.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407pt; position: var(--position); text-decoration: none; white-space: pre;">) on the AT1 securities.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 257.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The securities are perpetual securities with no fixed redemption date. The Group may, in its sole <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 269.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and full discretion, subject to&#160;regulatory approval, redeem all (but not some only) of the securities on any <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 281.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">day falling in the period commencing on (and including) 30 June 2027 and ending on (and including) the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 293.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">first reset date or on any interest payment date thereafter at the prevailing principal amount together with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accrued but unpaid interest. In addition, the securities are redeemable at the option of&#160;the Group for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 317.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">certain regulatory or tax reasons, subject to regulatory approval.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The securities, which do not carry voting rights, rank pari passu with holders of Tier 1 instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(excluding the Company&#8217;s Ordinary shares). They rank ahead of the holders of ordinary share capital of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company but junior to the claims of senior creditors of the Group.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All AT1 securities will be converted into ordinary shares, at a pre-determined price, should the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s Investment Firms Prudential Regime CET1 Ratio fall to less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 397.8pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="mar:ConvertibleInstrumentsTierOneCapitalRatioMinimum" scale="-2" id="f-2579">64</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 417.81pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 421.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1441"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 421.6pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory" id="f-2580" continuedAt="f-2580-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">29&#160; &#160; &#160; Other Reserves<span style="display: inline-block; height: 8pt;"></span><span id="ib95c48eb504b4208bf10e8035afafb50"></span></span></ix:nonNumeric></div><ix:continuation id="f-2580-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutReservesWithinEquityTableTextBlock" id="f-2581" continuedAt="f-2581-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following describes the nature and purpose of the reserves within other reserves: <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-2581-1"><div style="position: var(--position); top: 474.8pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 129.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 338.25pt;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 129.75pt;"><div><div style="line-height: 8.5pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reserves<span style="display: inline-block; height: 6.18pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 0pt; width: 338.25pt;"><div><div style="line-height: 8.5pt; position: var(--position); top: 2.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 8.5pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Description<span style="display: inline-block; height: 6.18pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 129.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Revaluation reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 12.75pt; width: 338.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cumulative unrealised gains on investments in exchanges that are held at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI and recognised in equity as well as changes in own credit risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 129.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash flow hedge reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 39pt; width: 338.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cumulative unrealised gains and losses on hedging instruments deemed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">effective cash flow hedges.&#160;  <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 62.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 129.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Currency translation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 129.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.25pt solid #000; border-top: 0.25pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 129.75pt; position: var(--position); top: 65.25pt; width: 338.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">On consolidation, the results of overseas operations are translated into <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">USD at rates approximating to those prevailing when the transactions took <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 26.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">place. All assets and liabilities of overseas operations, including goodwill <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 38.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">arising on the acquisition of those operations, are translated at the rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 50.63pt; width: 338.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">ruling at the prevailing date.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">266<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1450"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfLeasesExplanatory" id="f-2582" continuedAt="f-2582-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">30&#160; &#160; &#160; Leases<span style="display: inline-block; height: 8pt;"></span><span id="i55e18e7990a445f385c892450043d3f1"></span></span></ix:nonNumeric></div><ix:continuation id="f-2582-1" continuedAt="f-2582-2"><div style="position: var(--position); top: 95.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutLeasesTableTextBlock" id="f-2583" continuedAt="f-2583-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 103.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 103.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.25pt; position: var(--position); text-decoration: none; white-space: pre;">Right-of-use asset<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-2584">40.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-2585">33.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdditionsToRightofuseAssets" scale="6" id="f-2586">37.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdditionsToRightofuseAssets" scale="6" id="f-2587">22.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Incentive of right-of-use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:LeaseIncentiveRightOfUseAssets" scale="6" id="f-2588">8.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:LeaseIncentiveRightOfUseAssets" format="ixt:fixed-zero" scale="6" id="f-2589">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 76.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustment to initial recognition of right of use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdjustmentToRightOfUseAssets" scale="6" id="f-2590">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:AdjustmentToRightOfUseAssets" scale="6" id="f-2591">1.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 90.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Depreciation charged to income statement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:DepreciationRightofuseAssets" scale="6" id="f-2592">10.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:DepreciationRightofuseAssets" scale="6" id="f-2593">9.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of right of use asset<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2594">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2595">5.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 119.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-2596">59.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 119.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:RightofuseAssets" scale="6" id="f-2597">40.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-2583-1"><div style="position: var(--position); top: 233.7pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 103.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 103.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.82pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2598">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2599">38.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additions during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:AdditionsToLeaseLiabilities" scale="6" id="f-2600">37.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:AdditionsToLeaseLiabilities" scale="6" id="f-2601">22.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense charged to income statement<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:InterestExpenseOnLeaseLiabilities" scale="6" id="f-2602">3.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:InterestExpenseOnLeaseLiabilitiesPriorYear" scale="6" id="f-2603">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 76.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Payment of lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" scale="6" id="f-2604">15.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" scale="6" id="f-2605">11.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 90.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign exchange revaluation<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="mar:EffectOfForeignExchangeOnLeaseLiabilities" scale="6" id="f-2606">1.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" sign="-" name="mar:EffectOfForeignExchangeOnLeaseLiabilities" scale="6" id="f-2607">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease incentive<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:LeaseIncentiveOnLeaseLiabilities" format="ixt:fixed-zero" scale="6" id="f-2608">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:LeaseIncentiveOnLeaseLiabilities" scale="6" id="f-2609">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 119.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 119.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2610">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 119.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2611">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/></tr></tbody></table></div></div></div><div style="position: var(--position); top: 403.7pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 103.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 103.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.66pt; position: var(--position); text-decoration: none; white-space: pre;">Lease Liability<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentLeaseLiabilities" scale="6" id="f-2612">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentLeaseLiabilities" scale="6" id="f-2613">13.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NoncurrentLeaseLiabilities" scale="6" id="f-2614">67.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NoncurrentLeaseLiabilities" scale="6" id="f-2615">39.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.12pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">As as 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2616">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2617">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Right-of-use assets relate to leasehold buildings. Other operating lease expenses, including service <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">charges, utilities, property insurance and maintenance, amounted to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 375.31pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" scale="6" id="f-2618">10.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 408.65pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023:&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 442.53pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilities" scale="6" id="f-2619">8.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 470.31pt; position: var(--position); text-decoration: none; white-space: pre;">). Operating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">lease expenses for short-term leases amounted to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 296.98pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" scale="6" id="f-2620">1.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.76pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 358.64pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed" scale="6" id="f-2621">2.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.42pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In 2024, the Group extended the lease for the 4th and 5th floor at 155 Bishopsgate, London and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also took on the lease for the 3rd floor of the same building. The lease terms will run until 2035 with a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liability of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 115.86pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-582" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2622">36.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.2pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-583" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2623">8.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 210.86pt; position: var(--position); text-decoration: none; white-space: pre;">). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In 2024&#160; the Group recognised an impairment of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 315.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-584" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2624">0.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 343.1pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 376.98pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-585" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2625">4.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 404.76pt; position: var(--position); text-decoration: none; white-space: pre;">) on the leases of 190 South <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LaSalle, Chicago (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.66pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-586" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2626">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.44pt; position: var(--position); text-decoration: none; white-space: pre;">), Clark Plaza, New Jersey (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 305.27pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-587" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2627">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 333.05pt; position: var(--position); text-decoration: none; white-space: pre;">), Patterson Avenue, Virginia (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 465.42pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-588" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2628">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 493.2pt; position: var(--position); text-decoration: none; white-space: pre;">), and 150 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Martingale, Chicago (<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 166.99pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-589" decimals="-5" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossRightofuseAssets" scale="6" id="f-2629">0.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 194.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;">).&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The weighted average incremental borrowing rate applied to lease liabilities recognised in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement of financial position as at 31&#160;December 2024 is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.62pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" scale="-2" id="f-2630">6.45</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 356.96pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 390.84pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="4" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" scale="-2" id="f-2631">5.16</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.18pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has the following leases that have the option of extension at the end of the lease term:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 665.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Asia Square Towers, Singapore &#8211; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 256.93pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-590" name="mar:LesseeOperatingLeaseOptionToExtendRemainingLeaseTerm" format="ixt-sec:durwordsen" id="f-2632">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 306.93pt; position: var(--position); text-decoration: none; white-space: pre;">;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 683.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">ICBC Tower, Hong Kong &#8211; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 225.25pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-591" name="mar:LesseeOperatingLeaseOptionToExtendRemainingLeaseTerm" format="ixt-sec:durwordsen" id="f-2633">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 275.25pt; position: var(--position); text-decoration: none; white-space: pre;">;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 701.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">45th Street, New York &#8211; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.76pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-592" name="mar:LesseeOperatingLeaseOptionToExtendRemainingLeaseTerm" format="ixt-sec:durwordsen" id="f-2634">five years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 256.53pt; position: var(--position); text-decoration: none; white-space: pre;">;<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">267<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-2582-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Montreal &#8211; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.01pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-593" name="mar:LesseeOperatingLeaseOptionToExtendRemainingLeaseTerm" format="ixt-sec:durwordsen" id="f-2635">five years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.78pt; position: var(--position); text-decoration: none; white-space: pre;">;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Embarcadero Center, San Francisco &#8211; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 278.77pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-594" name="mar:LesseeOperatingLeaseOptionToExtendRemainingLeaseTerm" format="ixt-sec:durwordsen" id="f-2636">five years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 321.54pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:MaturityAnalysisForNonderivativeFinancialLiabilities" id="f-2637" continuedAt="f-2637-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The contractual maturities of lease liabilities as at 31 December are as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-2637-1" continuedAt="f-2637-2"><div style="position: var(--position); top: 144pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="3" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 103.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 103.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.82pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 33.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">1 year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-595" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2638">14.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 33.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-596" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2639">13.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 48pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2640">52.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 48pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2641">31.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 62.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">More than 5 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2642">37.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 62.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2643">12.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2644">104.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 76.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-2645">57.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 90.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less: future interest expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:FutureInterestExpenseOnLeaseLiabilities" scale="6" id="f-2646">26.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 90.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:FutureInterestExpenseOnLeaseLiabilities" scale="6" id="f-2647">5.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2648">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 105pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:LeaseLiabilities" scale="6" id="f-2649">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation><div style="position: absolute; top: 274.25pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1468"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 297.45pt; width: 612pt;"><ix:continuation id="f-1952-5" continuedAt="f-1952-6"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160; &#160; &#160; Financial Instruments<span style="display: inline-block; height: 8pt;"></span><span id="if96dbf3908344543b6a46703f3d4e817"></span></span></ix:continuation></div><ix:continuation id="f-1952-6" continuedAt="f-1952-7"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 320.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Capital risk management<span style="display: inline-block; height: 7.28pt;"></span><span id="ifbf723beb98b45d4b135283e14a1771d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For the purpose of the Group&#8217;s capital management, capital includes issued share capital, AT1 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital, share premium and all other equity reserves attributable to the equity holders of the Company as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">disclosed in notes 26, 28 and 29. The primary objective of the Group&#8217;s capital management is to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">maximise shareholder value.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 392.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In order to achieve this overall objective, the Group&#8217;s capital management, amongst other things, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aims to ensure that it meets the financial covenants attached to the interest-bearing borrowings that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 416.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">define capital structure requirements. Breaches in meeting the financial covenants would permit the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 428.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">banks to immediately call in any loans and borrowings that the Group might have withdrawn at that point <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 440.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in time. There have been no breaches in the financial covenants of any interest-bearing loans and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 452.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">borrowings in the current or prior year. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 470.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Many of the Group&#8217;s material operating subsidiaries are subject to regulatory restrictions and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 482.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">minimum capital requirements. As&#160;at 31&#160;December 2024, each of these subsidiaries had net capital in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 494.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">excess of the requisite minimum requirements. These requirements are&#160;designed to ensure institutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have an adequate capital base to support the nature and scale of their operations. Management of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 518.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">regulatory capital forms an important part of the Group&#8217;s risk governance structure. A robust programme <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 530.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of regular monitoring and review takes place to ensure each regulated entity is in adherence to local rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 542.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and has capital in excess of external and internal limits.&#160; Subsidiaries subject to regulatory restrictions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">manage their requirements through regular submissions to their prudential regulators, and internal <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring to maintain adherence with the Group&#8217;s risk appetite, as determined by the Board. One of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">those regulated entities is Marex Capital Markets Inc. (MCMI), regulated in the United States by both the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Commodity Futures Trading Commission (&#8216;CFTC&#8217;) and the Securities and Exchange Commission (&#8216;SEC&#8217;). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">As a regulated Futures Commission Merchant ('FCM') and Broker Dealer, MCMI is subject to the SEC&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 614.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Uniform Net Capital Rule (Rule 15c3-1) and the CFTC&#8217;s minimum financial requirements for FCMs and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 626.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">introducing brokers (Regulation 1.17), which require the maintenance of minimum net capital. Advances <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 638.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to affiliates, repayment of subordinated liabilities, dividend payments, and other equity withdrawals are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to certain limitations and other provisions of the capital rules of the SEC and other regulators. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 662.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Specifically, MCMI is required to hold sufficient regulatory capital to support its activities and regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 674.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval must be obtained prior to the repayment of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.19pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-601" decimals="2" name="mar:RegulatoryCapitalRequirementTransferOfCapitalThresholdPercentageOfExcessNetCapital" scale="-2" id="f-2650">10</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.2pt; position: var(--position); text-decoration: none; white-space: pre;"> or more of excess net capital. As at 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 686.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024, MCMI had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 197.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-601" decimals="-5" name="mar:RegulatoryCapital" scale="6" id="f-2651">723.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 236.44pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 270.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-602" decimals="-5" name="mar:RegulatoryCapital" scale="6" id="f-2652">664.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 309.22pt; position: var(--position); text-decoration: none; white-space: pre;">) of capital, of which the subordinated borrowing by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 698.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.76pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-601" decimals="-5" name="mar:RegulatoryCapitalSubordinatedDebt" scale="6" id="f-2653">345.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.66pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 212.54pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-602" decimals="-5" name="mar:RegulatoryCapitalSubordinatedDebt" scale="6" id="f-2654">345.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 251.44pt; position: var(--position); text-decoration: none; white-space: pre;">) and of which excess net capital was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 419.18pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-601" decimals="-5" name="mar:RegulatoryCapitalRequirementExcessNetCapital" scale="6" id="f-2655">212.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 458.08pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 491.96pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-602" decimals="-5" name="mar:RegulatoryCapitalRequirementExcessNetCapital" scale="6" id="f-2656">280.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 530.86pt; position: var(--position); text-decoration: none; white-space: pre;">). <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">268<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-7" continuedAt="f-1952-8"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Owing to the local requirement to obtain regulatory approval for payments of amounts in excess of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 508.03pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-601" decimals="2" name="mar:RegulatoryCapitalRequirementTransferOfCapitalThresholdPercentageOfExcessNetCapital" scale="-2" id="f-2657">10</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 528.04pt; position: var(--position); text-decoration: none; white-space: pre;"> of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the excess net capital, or <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 185.3pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-601" decimals="-5" name="mar:RegulatoryCapitalRequirementTransferOfCapitalThresholdAmountRequiringRegulatoryApproval" scale="6" id="f-2658">21.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 218.64pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 252.52pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-602" decimals="-5" name="mar:RegulatoryCapitalRequirementTransferOfCapitalThresholdAmountRequiringRegulatoryApproval" scale="6" id="f-2659">28.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 285.86pt; position: var(--position); text-decoration: none; white-space: pre;">), MCMI&#8217;s ability to transfer the remaining <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 470.59pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-601" decimals="-5" name="mar:RegulatoryCapitalRequirementTransferOfCapitalRestrictedAmount" scale="6" id="f-2660">323.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 509.49pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-602" decimals="-5" name="mar:RegulatoryCapitalRequirementTransferOfCapitalRestrictedAmount" scale="6" id="f-2661">316.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.01pt; position: var(--position); text-decoration: none; white-space: pre;">) of capital to its parent is restricted.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">No changes were made in objectives, policies or processes for managing capital during the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">269<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-8" continuedAt="f-1952-9"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Categories of financial instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="ie3c20b7352ae408788e7baa6df67eb5a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory" id="f-2663" continuedAt="f-2663-1" escape="true"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFinancialAssetsExplanatory" id="f-2662" continuedAt="f-2662-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Below is an analysis of the Group&#8217;s financial assets and liabilities as at 31 December.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></ix:nonNumeric></div><ix:continuation id="f-2663-1" continuedAt="f-2663-2"><ix:continuation id="f-2662-1" continuedAt="f-2662-2"><div style="position: var(--position); top: 108pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 219.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 59.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.24pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.74pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 0pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.72pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.67pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 Financial assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 11.25pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 46.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-603" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2664">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-604" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2665">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 25.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-605" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2666">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-606" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2667">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 96.13pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-607" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2668">29.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-608" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2669">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 39.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-609" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2670">3,539.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-610" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2671">3,568.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 107.06pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-611" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2672">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-612" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2673">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 54pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-613" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2674">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-402" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2675">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-614" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2676">4,678.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-615" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2677">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 68.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-616" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2678">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-617" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2679">4,678.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 101.5pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 82.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-618" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2680">1,162.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 82.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-619" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2681">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 82.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-620" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2682">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 82.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2683">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96.75pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 96.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-622" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2684">1,781.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 96.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-623" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2685">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 96.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-624" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2686">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 96.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-625" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2687">1,781.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 111pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-626" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2688">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 111pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-627" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2689">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 111pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-628" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2690">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 111pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2691">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 125.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.12pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 125.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-630" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2692">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 125.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-631" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2693">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 125.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-632" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2694">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 125.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-633" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2695">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 149.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 149.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-634" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2696">51.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 149.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-635" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2697">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 149.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-636" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2698">2,786.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 149.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-637" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2699">2,838.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 163.5pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 163.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-638" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2700">108.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 163.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-639" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2701">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 163.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 27.53pt;"></span></span><span style="left: 30.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-640" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2702">677.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 163.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-641" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2703">785.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 177.75pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 177.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-642" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2704">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 177.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-643" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2705">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 177.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 27.53pt;"></span></span><span style="left: 30.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-644" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2706">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 177.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-645" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2707">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 192pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 192pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-646" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2708">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 192pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-647" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2709">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 192pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.09pt;"></span></span><span style="left: 35.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-648" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2710">89.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 192pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-649" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2711">89.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 206.25pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 63.730000000000004pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><ix:nonFraction unitRef="usd" contextRef="c-650" xsi:nil="true" name="ifrs-full:FinancialAssets" id="f-2712"></ix:nonFraction></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 206.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-651" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2713">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 206.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.09pt;"></span></span><span style="left: 35.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-652" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2714">63.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 206.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-653" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2715">63.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 220.5pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 220.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-654" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2716">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 220.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-655" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2717">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 220.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-656" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2718">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 220.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-657" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2719">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 234.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-658" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2720">10,390.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 234.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-659" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2721">25.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 234.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 13.64pt;"></span></span><span style="left: 16.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-660" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2722">13,401.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 234.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2723">23,817.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-top: 1pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 264.75pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.24pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 264.75pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.74pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 264.75pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 5.72pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 264.75pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.67pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 276pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 Financial assets (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 148.73pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 276pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 276pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 276pt; width: 59.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 46.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 276pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 290.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 290.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-661" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2724">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 290.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-662" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2725">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 290.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-663" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2726">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 290.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-664" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2727">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 304.5pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 96.13pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 304.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-665" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2728">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 304.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-666" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2729">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 304.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-667" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2730">2,905.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 304.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-668" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2731">2,905.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #dbdbdb; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 318.75pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 107.06pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.67pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 318.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-669" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2732">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 318.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-670" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2733">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 318.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-671" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2734">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 318.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-403" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2735">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 333pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 333pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-672" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2736">1,521.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 333pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-673" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2737">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 333pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-674" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2738">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 333pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-675" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2739">1,521.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 347.25pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 150.93pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1,3,4<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 347.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-676" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2740">652.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 279.75pt; overflow: hidden; position: var(--position); top: 347.25pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 3pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: -3.24pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 347.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-677" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2741">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="height: 14.25pt; left: 342.75pt; overflow: hidden; position: var(--position); top: 347.25pt; width: 3pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 3pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: -3.24pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">4<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 347.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-678" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2742">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 347.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2743">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 361.5pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 123.72pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 361.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-680" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2744">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 361.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-681" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2745">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 361.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-682" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2746">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 361.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-683" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2747">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 375.75pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 197.64pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 375.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-684" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2748">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 375.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-685" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2749">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 375.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 42.54pt;"></span></span><span style="left: 45.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-686" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2750">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 375.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2751">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 24pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 390pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.12pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 390pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-688" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2752">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 390pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-689" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2753">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 390pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-690" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2754">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 390pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 13.12pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-691" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2755">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 414pt; width: 219.75pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 144.26999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 414pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-692" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2756">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 414pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-693" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2757">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 414pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-694" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2758">1,716.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 414pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-695" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2759">1,728.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #dbdbdb; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 428.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 113.91pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">5<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 428.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-696" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2760">38.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 428.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-697" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2761">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 428.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 27.53pt;"></span></span><span style="left: 30.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-698" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2762">262.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 428.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-699" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2763">300.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 442.5pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 442.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-700" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2764">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 442.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-701" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2765">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 442.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 27.53pt;"></span></span><span style="left: 30.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-702" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2766">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 442.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-703" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2767">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 456.75pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 456.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-704" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2768">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 456.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-705" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2769">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 456.75pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.65pt;"></span></span><span style="left: 41.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-706" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2770">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 456.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-707" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2771">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #dbdbdb; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 471pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 63.730000000000004pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">6<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 471pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-708" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2772">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 471pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-709" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2773">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 471pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.09pt;"></span></span><span style="left: 35.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-710" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2774">79.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 471pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-711" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2775">79.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #dbdbdb; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 485.25pt; width: 219.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 485.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-712" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2776">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 485.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-713" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2777">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 485.25pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-714" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2778">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 485.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-715" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2779">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219.75pt; position: var(--position); top: 499.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-716" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2780">8,001.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282.75pt; position: var(--position); top: 499.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-717" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2781">19.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345.75pt; position: var(--position); top: 499.5pt; width: 59.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 59.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.2pt;"></span></span><span style="left: 21.83pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-718" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2782">9,058.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 499.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2783">17,079.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 632.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 262.12pt; position: var(--position); text-decoration: none; white-space: pre;"> 3(b) <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 276.08pt; position: var(--position); text-decoration: none; white-space: pre;">and note<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 299.38pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 301.04pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1513">36</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 307.7pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 309.36pt; position: var(--position); text-decoration: none; white-space: pre;">for further information. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 639.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value of the Treasury Instruments, which are Level 1 instruments as they are all quoted instruments, held at amortised cost at 31 December 2024 was <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 502.72999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 504.39pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-609" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-2784">3,541.7</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 532.6800000000001pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 647.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">(2023:&#160;<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 101.39999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-667" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-2785">2,972.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 129.69pt; position: var(--position); text-decoration: none; white-space: pre;">). The fair values of other assets and liabilities at amortised cost are consistent with the carrying amount. Treasury instruments and fixed income securities <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 654.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">have been presented separately for 2024 to better reflect the business model as the fixed income portfolio is managed at fair value, 2023 comparatives have been aligned <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 661.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">for consistency. <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 668.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;"> The Group manages the fixed interest risk on its vanilla debt instrument through interest rate and cross currency swaps as hedging instruments. Refer to note 32 (f). <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 675.95pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 94.75pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-719" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2786">0.1</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 111.39pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 131.68pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-720" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2787">3.1</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 148.32pt; position: var(--position); text-decoration: none; white-space: pre;">) are hedging derivatives at FVTOCI due to being designated in a cash flow hedging relationship.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 683.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The Group represented the balances for reverse repurcha<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 236.18pt; position: var(--position); text-decoration: none; white-space: pre;">se agreements, trade facilitation <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 322.69pt; position: var(--position); text-decoration: none; white-space: pre;">and receivables from LME to reflect the underlying way that the assets are <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 690.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">managed. These assets were previously presented as assets held at amortised cost, but have been adjusted to FVTPL. As at 31 December 2023, the difference between <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 697.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL and amortised cost is <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 161.1pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-721" decimals="-5" name="mar:ReclassificationIntoFinancialAssetsAtFairValueThroughProfitAndLoss" scale="6" id="f-2788">0.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 177.74pt; position: var(--position); text-decoration: none; white-space: pre;"> for stock borrowing and <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 243.29000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-722" decimals="-5" name="mar:ReclassificationIntoFinancialAssetsAtFairValueThroughProfitAndLoss" scale="6" id="f-2789">0.1</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 259.93pt; position: var(--position); text-decoration: none; white-space: pre;"> for the reverse repurchase agreements. <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 368.4pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 704.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">6.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:OtherCurrentReceivablesSignOnBonuses" scale="6" id="f-2790">41.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 102.74pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 123.03pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:OtherCurrentReceivablesSignOnBonuses" scale="6" id="f-2791">39.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 143pt; position: var(--position); text-decoration: none; white-space: pre;">) of the other debtors balance relates to sign-on bonuses<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 293.08pt; position: var(--position); text-decoration: none; white-space: pre;"> (note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 310.04pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1350">20</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 316.7pt; position: var(--position); text-decoration: none; white-space: pre;">) <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 320.35pt; position: var(--position); text-decoration: none; white-space: pre;">and are not included in the table above as they are not a financial asset.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">270<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-9" continuedAt="f-1952-10"><div><ix:continuation id="f-2663-2" continuedAt="f-2663-3"><ix:continuation id="f-2662-2" continuedAt="f-2662-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 219pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.24pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.74pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 6.47pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.67pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 219pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024 Financial liabilities<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 11.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 22.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-723" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2792">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 22.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-724" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2793">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 22.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-725" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2794">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 22.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2795">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 101.5pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 36.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-727" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2796">724.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 36.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-728" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2797">27.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 36.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-729" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2798">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 36.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2799">751.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 51pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-731" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2800">1,704.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 51pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-732" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2801">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 51pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-733" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2802">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 51pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-734" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2803">1,704.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 65.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-735" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2804">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 65.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-736" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2805">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 65.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-737" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2806">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 65.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2807">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 91.5pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 91.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-739" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2808">65.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 91.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-740" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2809">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 91.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-741" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2810">7,205.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 91.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-742" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2811">7,270.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105.75pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 105.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-743" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2812">7.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 105.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-744" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2813">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 105.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-745" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2814">462.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 105.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-746" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2815">470.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 120pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 120pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-747" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2816">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 120pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-748" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2817">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 120pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-749" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2818">17.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 120pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-750" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2819">17.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 134.25pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 134.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-751" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2820">3,480.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 134.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-752" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2821">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 134.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-753" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2822">1,471.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 134.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-754" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2823">4,952.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 148.5pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short-term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 148.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-755" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2824">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 148.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-756" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2825">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 148.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-757" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2826">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 148.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-758" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2827">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 162.75pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 68.72999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 162.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-759" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2828">2,674.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 162.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-760" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2829">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 162.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-761" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2830">929.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 162.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-762" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2831">3,604.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 177pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 177pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-763" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2832">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 177pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-764" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2833">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 177pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-765" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2834">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 177pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-766" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2835">77.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 191.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-767" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2836">10,962.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 191.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-768" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2837">27.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 191.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-769" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2838">11,817.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 191.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2839">22,808.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 296.9pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 219pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 18.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.24pt; position: var(--position); text-decoration: none; white-space: pre;">FVTPL<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 18.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.74pt; position: var(--position); text-decoration: none; white-space: pre;">FVTOCI<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 18.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 6.47pt; position: var(--position); text-decoration: none; white-space: pre;">Amortised cost<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 18.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 40.67pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 26.25pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 Financial liabilities (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 157.60999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 26.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 26.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 26.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 26.25pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 40.5pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 40.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-770" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2840">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><ix:nonFraction unitRef="usd" contextRef="c-771" xsi:nil="true" name="ifrs-full:FinancialLiabilities" id="f-2841"></ix:nonFraction></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 40.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-772" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2842">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 40.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2843">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54.75pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 150.93pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 54.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-774" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2844">402.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 54.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-775" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2845">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 54.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-776" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2846">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 54.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2847">402.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-778" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2848">1,924.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-779" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2849">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-780" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2850">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 69pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-781" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2851">1,924.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 83.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-782" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2852">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 83.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-783" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2853">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 83.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-784" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2854">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 83.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2855">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 109.5pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 109.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-786" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2856">105.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 109.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-787" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2857">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 109.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-788" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2858">4,793.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 109.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-789" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2859">4,899.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 123.75pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 123.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-790" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2860">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 123.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-791" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2861">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 123.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-792" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2862">10.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 123.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-793" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2863">16.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 138pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-794" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2864">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 138pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-795" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2865">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 138pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-796" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2866">18.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 138pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-797" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2867">18.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 152.25pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 152.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-798" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2868">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 152.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-799" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2869">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 152.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-800" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2870">2,323.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 152.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-801" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2871">2,323.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 166.5pt; width: 219pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 68.72999999999999pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">3<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 166.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-802" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2872">1,857.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 166.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-803" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2873">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 166.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-804" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2874">358.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 166.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-805" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2875">2,216.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180.75pt; width: 219pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 219pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liability<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 180.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-806" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2876">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 180.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.29pt;"></span></span><span style="left: 45.92pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-807" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2877">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 180.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-808" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2878">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 180.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-809" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2879">52.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 219pt; position: var(--position); top: 195pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.95pt;"></span></span><span style="left: 22.58pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-810" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2880">4,295.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 282pt; position: var(--position); top: 195pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-811" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2881">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 345pt; position: var(--position); top: 195pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-812" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2882">12,137.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 195pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2883">16,433.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 511.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note 3(b) and note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 301.04pt; position: var(--position); text-decoration: none; white-space: pre;">36<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 307.7pt; position: var(--position); text-decoration: none; white-space: pre;"> for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 518.35pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities includes EMTN and the Group's Senior Note Program measured at amortised cost for which we apply fair value hedge accounting.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 538.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Equity securities<span style="display: inline-block; height: 7.28pt;"></span><span id="i2281d9fdfb6148c1a4f1bce8ee96d44f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 556.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments are purchased primarily to facilitate the stock lending and borrowing business, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 568.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which is part of the agency and execution business segment, and to facilitate counterparty requirements. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 580.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Additionally, some equity instruments are purchased for the Group&#8217;s own account to hedge the economic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 592.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure arising from the Group's activities. This includes the Group's issued debt&#160;and equity securities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 604.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and over-the-counter derivatives undertaken with the Group's clients where equities are the underlying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 616.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 634.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(d) Financial instruments subject to offsetting, enforceable master netting arrangements and <span style="display: inline-block; height: 7.28pt;"></span><span id="i4e9db9fa5aeb4c608ec5c14a3151fc3a"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 646.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">similar agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 664.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As a member of the London Metal Exchange (&#8216;LME&#8217;), the Group is subject to the settlement and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 676.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">margining rules of LME Clear. The majority of LME products transacted by the Group are forward <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 688.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts. LME forwards that are in-the-money do not settle in cash until the maturity (&#8216;prompt&#8217;) date, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 700.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">while the Group is required to post margin to cover loss-making contracts daily. In accordance with the <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">271<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-10" continuedAt="f-1952-11"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">LME Clear rules, the Group is able to utilise forward profits to satisfy daily margin requirements which are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">set-off against loss-making contracts. Consequently, trade payables and amounts due from exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other counterparties are presented on a net basis in the statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position. The balance of trade receivables includes offsetting of LME forwards against any cash collateral <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">held with the LME.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group nets certain repurchase and reverse repurchase agreements with the same <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">counterparty where the conditions of offsetting are met, including the existence of master netting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">agreements between the relevant subsidiary and its counterparties. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory" id="f-2884" continuedAt="f-2884-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The effect of offsetting is disclosed below: <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-2884-1"><div style="position: var(--position); top: 198pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 151.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.41pt; position: var(--position); text-decoration: none; white-space: pre;">Gross<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.32pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.25pt; position: var(--position); text-decoration: none; white-space: pre;">set-off<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.35pt; position: var(--position); text-decoration: none; white-space: pre;">Net<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">amount<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.2pt; position: var(--position); text-decoration: none; white-space: pre;">presented<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.76pt; position: var(--position); text-decoration: none; white-space: pre;">Non-cash <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.92pt; position: var(--position); text-decoration: none; white-space: pre;">collateral<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.97pt; position: var(--position); text-decoration: none; white-space: pre;">rec&#8217;d/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.16pt; position: var(--position); text-decoration: none; white-space: pre;">(pledged)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.52pt; position: var(--position); text-decoration: none; white-space: pre;">Cash<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.92pt; position: var(--position); text-decoration: none; white-space: pre;">collateral <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.97pt; position: var(--position); text-decoration: none; white-space: pre;">rec&#8217;d/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.16pt; position: var(--position); text-decoration: none; white-space: pre;">(pledged)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">Net amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36pt; width: 151.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 47.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 36.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 13.87pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2885">3,723.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2886">507.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2887">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2888">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2889">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 61.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 25.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-813" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2890">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 98.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2891">50,848.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 1.31pt;"></span></span><span style="left: 3.94pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2892">48,358.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2893">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2894">2,490.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-629" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:fixed-zero" scale="6" id="f-2895">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 112.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2896">2,278.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2897">1,115.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2898">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2899">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" scale="6" id="f-2900">420.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-621" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2901">743.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 9.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2902">1,919.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2903">417.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2904">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2905">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2906">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-738" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2907">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2908">50,663.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 1.31pt;"></span></span><span style="left: 3.94pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2909">48,358.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2910">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2911">2,279.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2912">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 189pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-726" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2913">26.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 203.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2914">1,867.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2915">1,115.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" scale="6" id="f-2916">751.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2917">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" scale="6" id="f-2918">192.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 203.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-730" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2919">559.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.41pt; position: var(--position); text-decoration: none; white-space: pre;">Gross<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 17.32pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.25pt; position: var(--position); text-decoration: none; white-space: pre;">set-off<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 36.35pt; position: var(--position); text-decoration: none; white-space: pre;">Net<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">amount<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.2pt; position: var(--position); text-decoration: none; white-space: pre;">presented<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 15.76pt; position: var(--position); text-decoration: none; white-space: pre;">Non-cash <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.92pt; position: var(--position); text-decoration: none; white-space: pre;">collateral<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.97pt; position: var(--position); text-decoration: none; white-space: pre;">rec&#8217;d/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.16pt; position: var(--position); text-decoration: none; white-space: pre;">(pledged)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.52pt; position: var(--position); text-decoration: none; white-space: pre;">Cash<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.92pt; position: var(--position); text-decoration: none; white-space: pre;">collateral <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.97pt; position: var(--position); text-decoration: none; white-space: pre;">rec&#8217;d/<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 16.16pt; position: var(--position); text-decoration: none; white-space: pre;">(pledged)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 233.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">Net amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 269.25pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 3.19pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 (Restated)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 54.330000000000005pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 269.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 280.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 39pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 294.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.12pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 16.12pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2920">2,539.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2921">195.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2922">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2923">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2924">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 28.12pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-814" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2925">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #111023; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 333.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 333.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2926">19,094.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 333.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 1.31pt;"></span></span><span style="left: 3.94pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2927">15,894.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 333.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2928">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 333.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2929">3,086.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 333.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-687" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2930">113.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 348pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative Instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 15.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 49.29pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2931">695.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2932">39.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" scale="6" id="f-2933">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" format="ixt:fixed-zero" scale="0" id="f-2934">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" scale="6" id="f-2935">184.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 348pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-679" decimals="-5" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2936">471.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 9.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 384pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 398.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2937">1,814.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2938">352.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2939">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2940">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2941">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 398.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-785" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2942">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 436.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2943">19,013.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 1.31pt;"></span></span><span style="left: 3.94pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-2944">15,894.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-2945">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2946">3,096.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-2947">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 436.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-773" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2948">22.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 450.75pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative Instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 15.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 49.29pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2949">441.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2950">39.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" scale="6" id="f-2951">402.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" format="ixt:fixed-zero" scale="0" id="f-2952">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" scale="6" id="f-2953">128.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 450.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-777" decimals="-5" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" scale="6" id="f-2954">273.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 686pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives relating to derivatives have been restated. Refer to note 3(b) and note 36 for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 699.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(e) Debt securities<span style="display: inline-block; height: 7.28pt;"></span><span id="i66b6a0619bf2419e9dc158e37ea0bf21"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">272<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-11" continuedAt="f-1952-12"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Products Programs <span style="display: inline-block; height: 7.28pt;"></span><span id="i371f3daeecc04b4ea0544063dfb684d1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In 2018 and September 2021, we launched our Structured Notes Program and Public Offer <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Program (together, the 'Financial Products Programs'), respectively, which are at the core of our Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Products business. The Financial Products business is&#160;part of our Hedging and Investment solutions <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">segment and provides our clients with structured investment products (the 'Structured Notes') and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represents a&#160;way to diversify our sources of funding and to reduce the utilisation of our revolving credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">facilities. The Financial Products business allows investors to build their own Structured Notes across <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">numerous asset classes, including commodities, equities, foreign exchange and fixed income products.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Under the Financial Products Program, the Company and Marex Financial (a subsidiary) may issue <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">warrants, certificates or notes, including&#160;auto callable, fixed, stability and capital linked notes with varied <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms. As at 31 December 2024, the Group had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 284.73pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-815" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2955">2,667.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.96pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 365.84pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-816" decimals="-5" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-2956">1,850.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.07pt; position: var(--position); text-decoration: none; white-space: pre;">) of debt securities issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the Financial Products Program with an average expected maturity of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 409.16pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-817" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2957">17</ix:nonNumeric> months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 455.83pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023:&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.71pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-818" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2958">15</ix:nonNumeric> months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 536.38pt; position: var(--position); text-decoration: none; white-space: pre;">) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">however some of those debt securities issued include early redemption clauses exercised at the election <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the investor if the underlying conditions are met. The average imputed interest rate of the notes was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-815" decimals="3" name="mar:DebtSecuritiesImputedInterestRate" scale="-2" id="f-2959">6.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.78pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-816" decimals="3" name="mar:DebtSecuritiesImputedInterestRate" scale="-2" id="f-2960">7.8</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.44pt; position: var(--position); text-decoration: none; white-space: pre;">). These notes are designated at fair value through profit and loss. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Tier 2 Program<span style="display: inline-block; height: 7.28pt;"></span><span id="i90129e7791744cc58aac9c748d786604"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Under the Tier 2 Program, Marex Financial may issue subordinated notes including fixed or floating <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate, zero coupon, share or&#160;index linked notes with varied terms that qualify as Tier 2 Capital. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Tier 2 Program has been approved by the Vienna Stock Exchange and the Tier 2 Notes are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">listed on the Vienna Multilateral Trading Facility. As at 31 December 2024, the Group had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 467.65pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-819" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2961">7.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 495.43pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-820" decimals="-5" name="ifrs-full:FinancialLiabilities" scale="6" id="f-2962">7.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">) of debt securities issued under the Tier 2 Program with an average maturity of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 452.46pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-821" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2963">14</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 463.58pt; position: var(--position); text-decoration: none; white-space: pre;"> months (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-822" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2964">26</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 83.12pt; position: var(--position); text-decoration: none; white-space: pre;"> months) and an average interest rate of SOFR plus <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 315.27pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-819" decimals="INF" name="mar:DebtSecuritiesAdjustmentToInterestRateBasis" scale="-4" id="f-2965">643</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331.95pt; position: var(--position); text-decoration: none; white-space: pre;"> basis points (2023: SOFR plus <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.01pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-820" decimals="INF" name="mar:DebtSecuritiesAdjustmentToInterestRateBasis" scale="-4" id="f-2966">643</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 489.69pt; position: var(--position); text-decoration: none; white-space: pre;"> basis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">points).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMTN Program<span style="display: inline-block; height: 7.28pt;"></span><span id="ic15e0a84f6df4099933f1e457862da24"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In October 2022, the Company entered into a Euro Medium Term Note (&#8216;EMTN&#8217;) Program under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which it may, from time to time, issue tranches of notes of varying terms (EMTN Notes). The maximum <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">aggregate principal amount of EMTN Notes outstanding at any time during the duration of the EMTN <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Program is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 123.09pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-823" decimals="-5" name="mar:BorrowingsMaximumBorrowingCapacity" scale="6" id="f-2967">750.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.99pt; position: var(--position); text-decoration: none; white-space: pre;"> (or the equivalent in other currencies). The EMTN Notes constitute direct, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unconditional, unsubordinated and unsecured obligations of the Company. The EMTN Notes rank at least <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">pari passu with all other outstanding unsecured and unsubordinated obligations of the Company. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMTN Program also contains certain customary events of&#160;default and optional redemption, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company has provided certain customary undertakings, such as restricting the creation of security over <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company's and the Company's subsidiaries&#8217; assets. The EMTN Program and the EMTN Notes are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">listed on the Vienna Multilateral Trading Facility of the Vienna Stock Exchange. In February 2023, the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company issued senior fixed rate notes due 2 February 2028 in the amount of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 420.3pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-824" decimals="-6" name="ifrs-full:ProceedsFromNoncurrentBorrowings" scale="6" id="f-2968">300</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 450.87pt; position: var(--position); text-decoration: none; white-space: pre;"> for net proceeds of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-824" decimals="-5" name="mar:ProceedsFromNoncurrentBorrowingsNetOfIssuanceCosts" scale="6" id="f-2969">325.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> at an interest rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.29pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-825" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2970">8.38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 233.63pt; position: var(--position); text-decoration: none; white-space: pre;">. As at 31 December 2024, the Group had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 421.37pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-823" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2971">333.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 460.27pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.15pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-826" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2972">358.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 533.05pt; position: var(--position); text-decoration: none; white-space: pre;">) <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of debt securities issued under the EMTN Program with an average maturity of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 421.9pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-827" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2973">37</ix:nonNumeric> months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.57pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 502.45pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-828" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2974">49</ix:nonNumeric> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 558pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 104.78pt; position: var(--position); text-decoration: none; white-space: pre;">) and an average interest rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 249.75pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-823" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2975">8.38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 278.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 311.97pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-826" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2976">8.38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 340.31pt; position: var(--position); text-decoration: none; white-space: pre;">). These EMTN notes are designated in a fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value hedging relationship for interest rate risk.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the above debt programs, the Group issued Additional Tier 1 (AT1) securities which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are accounted for as equity instruments and disclosed in note&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 346.42pt; position: var(--position); text-decoration: underline; white-space: pre;">31.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Senior Note Program<span style="display: inline-block; height: 7.28pt;"></span><span id="ic4278e2ab2cf42edb9f3297aa528bb25"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In October 2024, the Company entered into a Senior Note Program under which it can offer up to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-829" decimals="-5" name="mar:BorrowingsMaximumBorrowingCapacity" scale="6" id="f-2977">700.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> in aggregate principal amount of notes on a continuous basis. The specific terms of each series <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of notes will be set prior to the time of the sale and will be described separately. The senior notes will <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">represent direct, senior and unsecured obligations and rank pari passu with other senior unsecured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">indebtedness, and the notes of a series will rank equally and without any preference among themselves. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The Senior Notes program contains certain customary events of default and optional redemption, and the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Company has provided certain customary undertakings, such as restricting the creation of security over <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">273<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-12" continuedAt="f-1952-13"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company&#8217;s and the Company&#8217;s subsidiaries&#8217; assets. The Senior Note Program and the Senior Notes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are listed on the Vienna Multilateral Trading Facility of the Vienna Stock Exchange. In November 2024, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company issued senior fixed rate notes due 4 November 2029 totalling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 405.87pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="eur" contextRef="c-830" decimals="-5" name="ifrs-full:ProceedsFromNoncurrentBorrowings" scale="6" id="f-2978">600.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 444.77pt; position: var(--position); text-decoration: none; white-space: pre;"> for net proceeds of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-830" decimals="-5" name="mar:ProceedsFromNoncurrentBorrowingsNetOfIssuanceCosts" scale="6" id="f-2979">596.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 110.9pt; position: var(--position); text-decoration: none; white-space: pre;"> at an interest rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.29pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-831" decimals="5" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2980">6.404</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.19pt; position: var(--position); text-decoration: none; white-space: pre;">. As at 31 December 2024, the Group had <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 426.93pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-832" decimals="-5" name="ifrs-full:Borrowings" scale="6" id="f-2981">596.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 465.83pt; position: var(--position); text-decoration: none; white-space: pre;"> of debt <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">securities issued under the Senior Note Program with an average maturity of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-833" name="mar:DebtSecuritiesMaturityTerm" format="ixt-sec:durmonth" id="f-2982">58</ix:nonNumeric> months<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 459.71pt; position: var(--position); text-decoration: none; white-space: pre;"> and an average <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">interest rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-832" decimals="3" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-2983">6.4</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 161.41pt; position: var(--position); text-decoration: none; white-space: pre;">. These Senior Note Program notes are designated in a fair value hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationship for interest rate risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(f) Financial risk management objectives<span style="display: inline-block; height: 7.28pt;"></span><span id="ib097c2c136bc47c7aeef54cb3d28d94e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s activities expose it to a number of financial risks including credit risk, market risk and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group manages these risks through various control mechanisms and its approach to risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management is both prudent and evolving. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Overall responsibility for risk management rests with the Board. Dedicated resources within the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk Department control and manage the exposures of the Group&#8217;s own positions, the positions of its <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">clients and its exposures to its counterparties, within the risk appetite set by the Board. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i4ac2b9c1956e43428ae054d3f794b2b1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The maximum credit risk exposure relating to financial assets is represented by the gross carrying <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value as at the balance sheet date.&#160;Credit risk in the Group principally arises from cash and cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equivalents deposited with third party institutions, exposures from transactions and balances with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges and clearing houses, and exposures resulting from transactions and balances relating to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customers and counterparties, some of which have been granted credit lines.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group only makes treasury deposits with banks and financial institutions that have received <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approval from the Group&#8217;s Executive Credit and Risk Committee (or their authorised delegates). These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 390pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">deposits are also subject to counterparty limits with respect to concentration and maturity. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s exposure to customer and counterparty transactions and balances is managed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through the Group&#8217;s credit policies and,&#160;where appropriate, the use of initial and variation margin credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limits, in conjunction with position limits for all customers and counterparties. These exposures are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitored both intraday and overnight. The limits are set by the Group&#8217;s Executive Credit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk&#160;Committee (or their authorised delegates) through a formalised process.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Credit quality<span style="display: inline-block; height: 7.28pt;"></span><span id="i8f8f9d8de4b347c6904da45ae4d5a68b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><ix:continuation id="f-2662-3" continuedAt="f-2662-4"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The table below reflects the Credit quality of financial assets and does not take into account collateral <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2662-4" continuedAt="f-2662-5"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 504pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">held. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 522pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AA and above<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-834" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2984">11,098.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-835" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2985">8,604.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AA-<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-836" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2986">3,569.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-837" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2987">1,920.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">A+<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-838" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2988">882.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-839" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2989">488.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">A<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-840" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2990">3,906.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-841" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2991">11.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">A-<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-842" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2992">39.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-843" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2993">162.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">BBB+<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-844" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2994">257.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-845" decimals="-5" name="ifrs-full:FinancialAssets" scale="6" id="f-2995">57.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lower and unrated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 85.97999999999999pt; position: var(--position); text-decoration: none; white-space: pre;">*<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-846" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2996">4,063.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-847" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2997">5,834.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-848" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2998">23,817.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-849" decimals="-5" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2999">17,079.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 669.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">*Restated<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 682.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has received collateral in respect of its derivative assets during the year ended 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 694.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024 amounting to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 206.45pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" scale="6" id="f-3000">420.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 245.35pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.23pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" scale="6" id="f-3001">184.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 318.13pt; position: var(--position); text-decoration: none; white-space: pre;">). Collateral was recognised in amounts due to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 706.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges, clearing houses and other counterparties.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">274<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-13" continuedAt="f-1952-14"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i9c0ea39e03434d20be50ad2442ecac2d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s activities expose it to financial risks primarily generated through financial (interest rate, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity and foreign exchange markets) and commodity market price exposures. The Group&#8217;s Agency &amp; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Execution, Market Making and Hedging and Investment Solutions businesses generate market risk as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group acts as principal. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk sensitivity<span style="display: inline-block; height: 7.28pt;"></span><span id="i41f3ac267cf447d28e9a021d63957ca4"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group manages market risk exposure using appropriate risk management techniques within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">predefined and independently monitored parameters and limits. The Group uses a range of tools to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitor and limit market risk exposures. These include Value-at-Risk (&#8216;VaR&#8217;), sensitivity limits and stress <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">testing. VaR, risk sensitivity limits and stress testing have been implemented, as appropriate, to provide <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">oversight and control over the Agency &amp; Execution, Market Making and Hedging and Investment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Solutions segments and to ensure that trading is conducted within the pre-set risk appetite of the Board.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Continuous development of the Group&#8217;s VaR framework and risk sensitivities will ensure a more <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consistent method of risk management for all desks. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Value at Risk <span style="display: inline-block; height: 7.28pt;"></span><span id="i21b40d13f3054895a178b4e85d8737d9"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">VaR is a technique that estimates the potential losses that could occur on risk positions as a result <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of movements in market rates and prices over a specified time horizon and to a given level of confidence. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The VaR model used by the Group for the Metals, Agriculture, Energy and CSC business is based <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">upon the Monte Carlo simulation technique. The VaR model for the OTC FX, US Repo and the US and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">EMEA Securities Financing businesses in the Agency &amp; Execution segment and the Equity Market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Making, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta One Total Return Futures businesses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the Volatility Performance Fund in the Market Making segment is based on the Historical Simulation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 378pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">technique.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group validates VaR by comparing to alternative risk measures, for example, scenario analysis <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and exchange initial margins as well as the back testing of calculated results against actual profit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group recognises the limitations of VaR by augmenting its VaR limits with other position and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sensitivity limit structures. The&#160;Group also applies a wide range of stress testing, both on individual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">portfolios and on the Group&#8217;s consolidated positions.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Agency &amp; Execution segment <span style="display: inline-block; height: 7.28pt;"></span><span id="iba2192cf0107422d85a96e5a0fc4800b"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Capital Markets business in the Agency &amp; Execution segment. Those parts of the Capital Markets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business within the Agency &amp; Execution segment which exhibit market risk are the OTC FX, US Repo and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the US and EMEA Securities Financing businesses.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 552pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the OTC FX desk is monitored and regulated through limits based on FX Delta at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the currency, tenor and overall book level and book level VaR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 342.73pt; position: var(--position); text-decoration: none; white-space: pre;">. VaR production and monitoring for this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 576pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business started in 2024 and the VaR as at 31st December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-850" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3002">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 594pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the US Repo desk is monitored and regulated through daily limits based on DV01, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 606pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and O/N vs term activity and book level VaR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.75pt; position: var(--position); text-decoration: none; white-space: pre;">.The VaR at 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.19pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-851" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3003">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 500.97pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 114.77000000000001pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-852" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3004">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.55pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the US Securities Financing desk is monitored and regulated through daily limits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 648pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on GMV Trigger, P&amp;L Loss Trigger, Term Limits and book level VaR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 398.41pt; position: var(--position); text-decoration: none; white-space: pre;">.The VaR at 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 660pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-853" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3005">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.1pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.75pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-854" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3006">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.53pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the EMEA Securities Financing desk is monitored and regulated through limits <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 690pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">based on FX Delta, DV01, notional and tenor level. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Market Making segment <span style="display: inline-block; height: 7.28pt;"></span><span id="i65a33d8676d64535b15502550623bad2"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">275<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-14" continuedAt="f-1952-15"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Metals, Agriculture, Energy and CSC business, with equities and businesses within Capital Markets in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making segment. Those parts of the Capital Markets business within Market Making which exhibit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market risk are the Equity Market Making desk, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">One Total Return Futures and the Volatility Performance Fund.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">For the Metals, Agriculture, Energy and CSC business, the VaR as at 31 December 2024 was less <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 94.22pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-855" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3007">4.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 122pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 198.65pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-856" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3008">2.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.43pt; position: var(--position); text-decoration: none; white-space: pre;">) and the average monthly VaR for the year ended 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 135.32pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-855" decimals="-5" name="mar:AverageMonthlyValueAtRisk" scale="6" id="f-3009">3.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.1pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 239.75pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-856" decimals="-5" name="mar:AverageMonthlyValueAtRisk" scale="6" id="f-3010">2.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.53pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the Equity Market Making business is systematically monitored and regulated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">through limits based on net-delta at the stock, book and overall portfolio levels, with triggers in place for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">monitoring gross long/short exposures. Additionally, a VaR<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 329.38pt; position: var(--position); text-decoration: none; white-space: pre;"> limit is implemented to oversee and manage <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the desk activities. The VaR at 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 359.9pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-857" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3011">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 387.68pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.33pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-858" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3012">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 492.11pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the Frontier FX desk is monitored and regulated through limits based on FX Delta <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at the currency and tenor level and overall book level VaR. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.89pt; position: var(--position); text-decoration: none; white-space: pre;">VaR production and monitoring for this <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">business started in 2024 and the VaR as at 31st December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-859" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3013">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the Interest Rate Swaps desk is systematically monitored and regulated through <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limits based on PV01 at the currency, tenor and overall book level and book level VaR. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 456.01pt; position: var(--position); text-decoration: none; white-space: pre;">VaR production <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and monitoring for this business started in 2024 and the VaR as at 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-860" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3014">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk for the US Corporate Bonds desk is monitored and regulated through limits based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">VaR, Stress, DV01 and Issuer GMV. The VaR at 31 December 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 395.42pt; position: var(--position); text-decoration: none; white-space: pre;">less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 438.19pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-861" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3015">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 465.97pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 354pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-862" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3016">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 99.78pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market Risk on The Delta One Total Return Futures desk, launched this year, is managed both by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk sensitivity analysis (delta and dividend) to remain within the agreed limits. The delta and dividend <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure of the desk at 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 329.76pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-863" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3017">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 357.54pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk in the Volatility Performance Fund is managed both by risk sensitivity analysis and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">stress testing to remain within the agreed limits. The stress exposure for the Volatility Performance Fund <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as at 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 247.54pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-864" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3018">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 275.32pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 351.97pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-865" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3019">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 379.75pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Market risk management in the Hedging and Investment Solutions segment<span style="display: inline-block; height: 7.28pt;"></span><span id="id80c031d5ac94c27ba0e8ebf62db6aa1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Hedging and Investment Solutions segment offers bespoke hedging solutions in the form of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">customised OTC derivatives and includes the structured notes issuance program. The market risk profile <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the business is managed via risk sensitivities according to the prevailing risk factors of issued products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and hedges. This is monitored and controlled daily on a net risk profile for each desk and supported by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">additional stress concentration and scenario-based analyses. Sensitivity analysis measures the impact of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">individual market factor movements on specific instruments or portfolios, including the key risks per asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 546pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">class as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 564pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Commodity risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 582pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Equity risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign exchange risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 618pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 636pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Credit spread risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Crypto currency risk<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 672pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Risk sensitivity limits together with scenario stresses are used to manage the market risk for the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 684pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Hedging and Investment Solutions segment given the inherent complexity of its products. The products <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">traded within this segment gives rise to a number of different market risk exposures, commonly known as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the &#8220;greeks&#8221;, e.g. delta, gamma, vega. Within each asset class, and in aggregate across the segment, the <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">276<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-15" continuedAt="f-1952-16"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">market risks are captured, measured, monitored and limited within the risk limits agreed with the Market <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Risk function.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The net equity market risk exposure to customised OTC derivatives, which includes structured <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">notes issuance, within Hedging and Investment Solutions, including hedges, using the delta measure for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the year ending 31 December 2024 was less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 294.78pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-866" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3020">8.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 322.56pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: less than<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 396.44pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-867" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-3021">0.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 424.22pt; position: var(--position); text-decoration: none; white-space: pre;">). Risks on other asset <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">classes are small.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 151.43pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Sensitivity measures are used to monitor the market risk positions within each risk type, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">granular risk limits are set for each desk with consideration for market liquidity, customer demand and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">capital constraints among other factors.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Risk sensitivity calculations are made using a dedicated Risk Engine, whose models have been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">validated. They are calculated by altering a risk factor and repricing all products to observe the profit and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">loss impact of the change.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group issues products on cryptocurrencies, primarily Bitcoin and Ethereum. There are residual <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposures in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 131.45pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="cryptocurrency" contextRef="c-866" decimals="INF" name="mar:RiskSensitivityAnalysisCryptocurrenciesRiskExposureNumberOfOtherCryptocurrencies" format="ixt-sec:numwordsen" scale="0" id="f-3022">four</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 148.67000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> other cryptocurrencies, driven from <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 308.63pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="note" contextRef="c-866" decimals="INF" name="mar:RiskSensitivityAnalysisCryptocurrenciesRiskExposureNumberOfStructuredNotesIssued" format="ixt-sec:numwordsen" scale="0" id="f-3023">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 324.18pt; position: var(--position); text-decoration: none; white-space: pre;"> structured notes previously issued. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposures to cryptocurrencies are detailed in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.88pt; position: var(--position); text-decoration: none; white-space: pre;">2<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.44pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 307pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency risk <span style="display: inline-block; height: 7.28pt;"></span><span id="ife0c90f9cc964830b2744ff26ee4cdf5"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s policy is to minimise volatility as a result of foreign currency exposure. We monitor net <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exposure in foreign currencies on a daily basis and buy or sell currency to minimise the exposure. We <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also enter into hedges for material future dated non-USD commitments through the use of derivative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments, which may be designated as cash flow hedge relationships in accordance with the Group's <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounting policy. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 366pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Cash flow hedge<span style="display: inline-block; height: 7.28pt;"></span><span id="i6d6333e4695c4a89b91f81e24e13d5e0"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a) Foreign Currency<span style="display: inline-block; height: 7.28pt;"></span><span id="ib4067d091ef1403184cbae5fdd454529"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 402pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The associated gains and losses on derivatives that are used to hedge GBP commitments are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 414pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recognised in other comprehensive income and will be recycled when the anticipated commitments take <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 426pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">place and included in the initial cost of&#160;the&#160;hedged commitments. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><ix:continuation id="f-2229-2" continuedAt="f-2229-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table details the foreign currency forward contracts, held within derivatives on the <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2229-3" continuedAt="f-2229-4"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statement of financial position, that are designated in cash flow hedging relationships:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 474pt; width: 612pt;"><div style="font-size: 0pt; left: 69pt; position: var(--position); top: 0pt; width: 471pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 177pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 71.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 71.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 71.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 71.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="7" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 0pt; width: 294pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 294pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 139.22pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 11.25pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 41.02pt; position: var(--position); text-decoration: none; white-space: pre;">Average <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 24.32pt; position: var(--position); text-decoration: none; white-space: pre;">forward rates<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 11.25pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.51pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 11.25pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.84pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 11.25pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 12.26pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value assets<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 177pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 31.5pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 54.24pt; position: var(--position); text-decoration: none; white-space: pre;">($/&#163;)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 31.5pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 58.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 31.5pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 58.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 31.5pt; width: 71.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 58.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 177pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative assets designated as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 177pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 69pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.97pt;"></span></span><span style="left: 36.6pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-868" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3024">1.2451</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 69pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.65pt;"></span></span><span style="left: 53.28pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-869" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3025">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 69pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.65pt;"></span></span><span style="left: 53.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-869" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3026">4.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 69pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 54.54pt;"></span></span><span style="left: 57.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-869" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" format="ixt:fixed-zero" scale="6" id="f-3027">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 177pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 83.25pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.97pt;"></span></span><span style="left: 36.6pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-870" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3028">1.2502</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 83.25pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.09pt;"></span></span><span style="left: 47.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-871" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3029">24.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 83.25pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.09pt;"></span></span><span style="left: 47.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-871" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3030">19.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 83.25pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 54.54pt;"></span></span><span style="left: 57.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-871" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" format="ixt:fixed-zero" scale="6" id="f-3031">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 177pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 177pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 177pt; position: var(--position); top: 97.5pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.97pt;"></span></span><span style="left: 36.6pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-872" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3032">1.2472</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 97.5pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.09pt;"></span></span><span style="left: 47.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-873" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3033">11.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 97.5pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.65pt;"></span></span><span style="left: 53.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-873" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3034">9.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 97.5pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.65pt;"></span></span><span style="left: 53.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-873" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3035">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 251.25pt; position: var(--position); top: 111.75pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.09pt;"></span></span><span style="left: 47.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-874" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3036">41.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 111.75pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.09pt;"></span></span><span style="left: 47.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-874" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3037">33.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 399.75pt; position: var(--position); top: 111.75pt; width: 71.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 71.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 50.65pt;"></span></span><span style="left: 53.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-874" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3038">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">277<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-16" continuedAt="f-1952-17"><div><ix:continuation id="f-2229-4" continuedAt="f-2229-5"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 180pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="7" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 0pt; width: 288pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 136.22pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 39.52pt; position: var(--position); text-decoration: none; white-space: pre;">Average<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.88pt; position: var(--position); text-decoration: none; white-space: pre;"> forward rates<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.01pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.34pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 34.48pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.21pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 180pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 102.78pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 52.74pt; position: var(--position); text-decoration: none; white-space: pre;">($/&#163;)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative liabilities designated as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 36.55pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-875" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3039">1.2723</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="gbp" contextRef="c-869" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3040">58.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-869" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3041">45.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-869" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3042">0.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 36.55pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-876" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3043">1.2729</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="gbp" contextRef="c-871" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3044">19.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-871" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3045">15.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-871" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3046">0.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 36.55pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-877" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3047">1.2732</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="gbp" contextRef="c-873" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3048">37.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-873" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3049">29.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-873" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3050">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="gbp" contextRef="c-874" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3051">115.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-874" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3052">90.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-874" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3053">1.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 203pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 180pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="7" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 0pt; width: 288pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 136.22pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 39.52pt; position: var(--position); text-decoration: none; white-space: pre;">Average <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.82pt; position: var(--position); text-decoration: none; white-space: pre;">forward rates<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.01pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.34pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.76pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value assets<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 180pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 52.74pt; position: var(--position); text-decoration: none; white-space: pre;">($/&#163;)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative assets designated as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-878" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3054">1.2293</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-879" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3055">28.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-879" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3056">23.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-879" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3057">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-880" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3058">1.2301</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-881" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3059">14.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-881" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3060">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-881" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3061">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 180pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 180pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 180pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-882" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3062">1.2303</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-883" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3063">29.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-883" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3064">23.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-883" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3065">1.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-884" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3066">73.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-884" decimals="-5" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" scale="6" id="f-3067">59.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-884" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3068">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 334pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 467.25pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 179.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="7" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 0pt; width: 288pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 136.22pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 39.52pt; position: var(--position); text-decoration: none; white-space: pre;">Average<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 20.88pt; position: var(--position); text-decoration: none; white-space: pre;"> forward rates<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 10.01pt; position: var(--position); text-decoration: none; white-space: pre;">Foreign currency<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.34pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 34.48pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.21pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 179.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 52.74pt; position: var(--position); text-decoration: none; white-space: pre;">($/&#163;)<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 31.5pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42.75pt; width: 179.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative liabilities designated as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 14.63pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 69pt; width: 179.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-885" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3069">1.2912</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-879" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3070">3.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-879" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3071">3.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 69pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-879" decimals="-5" sign="-" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3072">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 83.25pt; width: 179.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-886" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3073">1.2986</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-881" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3074">3.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-881" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3075">3.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 83.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 53.04pt;"></span></span><span style="left: 55.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-881" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-3076">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 97.5pt; width: 179.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 179.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 179.25pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 32.47pt;"></span></span><span style="left: 35.1pt; position: var(--position);"><ix:nonFraction unitRef="usdPerGBP" contextRef="c-887" decimals="4" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-3077">1.2856</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-883" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3078">7.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 49.15pt;"></span></span><span style="left: 51.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-883" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3079">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 97.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-883" decimals="-5" sign="-" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3080">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="gbp" contextRef="c-884" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3081">15.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 324.75pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 43.59pt;"></span></span><span style="left: 46.220000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-884" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" scale="6" id="f-3082">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 397.5pt; position: var(--position); top: 111.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 45.82pt;"></span></span><span style="left: 48.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-884" decimals="-5" sign="-" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3083">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 471pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, the aggregate amount of gains/(losses) under foreign exchange forward <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 483pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 495pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commitments is a loss of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.17000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-888" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-3084">1.8</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.95pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 245.83pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-889" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-3085">2.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 273.61pt; position: var(--position); text-decoration: none; white-space: pre;"> gain; 2022 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 325.83000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-890" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-3086">2.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 353.61pt; position: var(--position); text-decoration: none; white-space: pre;"> gain<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 375.28pt; position: var(--position); text-decoration: none; white-space: pre;">). It is anticipated that these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 507pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commitments will become due monthly over the course of the next twelve months, at which time&#160;the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 12pt; position: var(--position); top: 519pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amount deferred in equity will be recycled to profit and loss.<span style="display: inline-block; height: 8.73pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 334.72pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 8.73pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-888" decimals="-5" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-3087">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 224.79pt; position: var(--position); text-decoration: none; white-space: pre;"> ineffectiveness (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.93pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-889" decimals="-5" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-3088">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 342.93pt; position: var(--position); text-decoration: none; white-space: pre;">; 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 381.80999999999995pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-890" decimals="-5" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-3089">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.80999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">) has been recognised in profit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and loss arising from the hedging of these future dated GBP commitments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">b) Interest Rate Risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i6105f72fb5b443cb81cd09906a528c2f"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group is exposed to interest rate risk on cash, investments, derivatives, client balances and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bank borrowings. The main interest rate risk is derived from interest-bearing deposits in which the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">invests surplus funds and bank borrowings, although the Group&#8217;s exposure to interest rate fluctuations is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 623.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">limited through the offset that exists between the bulk of its interest-bearing assets and interest-bearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 635.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities. Since the return paid on client liabilities is generally reset to prevailing market interest rates on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">an overnight basis, the Group is only exposed for the time it takes to reset its investments which are held <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at rates fixed for a maturity which does not exceed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 297.49pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-891" name="mar:FinancialInstrumentMaturityTerm" format="ixt-sec:durwordsen" id="f-3090">three months</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 355.82pt; position: var(--position); text-decoration: none; white-space: pre;">, with the exception of US Treasuries, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which have a maturity of up&#160;to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.51pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-892" name="mar:FinancialInstrumentMaturityTerm" format="ixt-sec:durwordsen" id="f-3091">two years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 250.28pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 689.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s risk management strategy is to reduce the volatility in the Group&#8217;s interest receipts <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 701.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">owing to changes in the short term reference rate for the Group&#8217;s short term deposits. As such, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">278<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-17" continuedAt="f-1952-18"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management monitors the reference rates to ensure that any adverse changes in the reference rate does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not adversely affect the Group&#8217;s earnings. During 2024, to hedge against future perceived interest rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">headwinds, the Group entered into a series of interest rate swaps in USD and EUR to ensure a smoother <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profile of interest rate returns. <span style="display: inline-block; height: 7.28pt;"></span></span><ix:continuation id="f-2229-5" continuedAt="f-2229-6"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 205.09pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has designated certain interest rate swaps as hedging <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2229-6" continuedAt="f-2229-7"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments and the associated gains and losses on the interest rate swaps hedging future interest cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">flows are recognised in other comprehensive income. The following table details the interest rate swap <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts (within derivatives on the statement of financial position) that are designated in hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">relationships<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 128.12pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 192pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 465pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 249.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 249.75pt; position: var(--position); top: 0pt; width: 215.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 99.84pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 249.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 249.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.29pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value $m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 395.25pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.5pt; position: var(--position); text-decoration: none; white-space: pre;">Net Amount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.31pt; position: var(--position); text-decoration: none; white-space: pre;">Presented <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 249.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 249.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative assets designated as cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 249.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 249.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Up to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 47.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-893" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3092">45.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 395.25pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-894" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3093">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 249.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 249.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-895" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3094">120.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 395.25pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-896" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3095">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81.75pt; width: 249.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 249.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-897" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3096">145.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 395.25pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-898" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3097">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 322.5pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-899" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3098">311.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 395.25pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 53.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-900" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3099">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 307.25pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 252.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 69.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="5" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 252.75pt; position: var(--position); top: 0pt; width: 215.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 215.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 99.84pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 252.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 252.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding contracts<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 7.29pt; position: var(--position); text-decoration: none; white-space: pre;">Notional value $m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 11.25pt; width: 69.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.5pt; position: var(--position); text-decoration: none; white-space: pre;">Net Amount <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.31pt; position: var(--position); text-decoration: none; white-space: pre;">Presented<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 57.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39pt; width: 252.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 252.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative liabilities designated as cash flow hedges<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 53.25pt; width: 252.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 252.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Up to 6 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-901" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3100">125.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 53.25pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 57.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-902" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-3101">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 67.5pt; width: 252.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 252.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">6 to 12 months<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 42.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-903" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" scale="6" id="f-3102">150.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 67.5pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 46.57pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-904" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3103">0.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81.75pt; width: 252.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 252.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5 years<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 33.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-905" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" format="ixt:num-dot-decimal" scale="6" id="f-3104">1,875.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 81.75pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 41.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-906" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3105">25.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 325.5pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 33.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-907" decimals="-5" name="ifrs-full:NominalAmountOfHedgingInstrument" format="ixt:num-dot-decimal" scale="6" id="f-3106">2,150.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 398.25pt; position: var(--position); top: 96pt; width: 69.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 69.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 41.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-908" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3107">26.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 446.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has interest rate exposure related to the changes in the short term reference rate on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 458.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s overnight deposits. The Group has entered into interest rate swap contracts to hedge the interest <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 470.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">rate risk arising from the deposits, which are designated as cash flow hedges. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024, the aggregate amount of gains/(losses) under foreign exchange forward <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 500.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated future <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 512.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commitments is a loss of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.17000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-909" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-3108">24.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 217.51pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 256.95pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-910" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" format="ixt:fixed-zero" scale="0" id="f-3109">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 266.95pt; position: var(--position); text-decoration: none; white-space: pre;">; <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 272.49pt; position: var(--position); text-decoration: none; white-space: pre;">2022: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 300.27pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-911" decimals="-5" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-3110">2.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.05pt; position: var(--position); text-decoration: none; white-space: pre;"> gain<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 349.72pt; position: var(--position); text-decoration: none; white-space: pre;">). As at 31 December 2024 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 471.36pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-909" decimals="-5" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-3111">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 482.48pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ineffectiveness has been recognised in profit and loss arising from the hedging of these future dated GBP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">commitments (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 170.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-910" decimals="-5" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="0" id="f-3112">nil</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 180.87pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 554.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s exposures to interest rate risk arise from financial assets and liabilities measured at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 566.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also have an impact on the Group&#8217;s net interest income. The overarching risk objective is to match the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 602.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for residual exposures.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk arising from financial assets and financial liabilities measured at fair value within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our trading portfolio is&#160;managed as part of the market risk management framework. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s exposures to interest rate risk arise from financial assets and liabilities measured at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 662.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 674.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">also have an impact on the Group&#8217;s net interest income. The overarching risk objective is to match the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 686.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 698.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for residual exposures.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">279<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-18" continuedAt="f-1952-19"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate risk arising from financial assets and financial liabilities measured at fair value within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">our trading portfolio is managed as part of the market risk management framework.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 438.59pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 441.18pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approach to issued debt securities, including medium-term note programs, is to convert fixed rate <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">coupons to floating rates of interest to match predominantly floating interest rate earning assets. This is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">typically achieved using interest rate derivatives, which are designated as fair value hedge relationships in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accordance with the Group&#8217;s accounting policy. The interest rate risk of investments is managed by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">approved risk limits, which consider credit quality and duration.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s objective is to reduce the volatility of net interest income arising from client-driven <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances (e.g. cash deposits to meet margin requirements), which can be remunerated on a fixed or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">floating (spread) basis. Interest rate exposure arises from fixed rate client interest terms, where the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">corresponding assets yield a floating rate of interest at an exchange, bank account and investments. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group has entered into a rolling portfolio of interest rate swaps, for a portion of relevant client balances, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which are designated as fair value hedges in accordance with the Group accounting policy.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The interest rate movements are monitored for potential impact to net interest income ('NII') <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">continuously. The Group is sensitive to movements in short term rates, as changes to the rate will require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 264pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">a rebalancing of any fixed rate exposure. The Group considers that short term rates include rates that <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 276pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reference periods between overnight and three months on the basis that these are the most common <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 288pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fixing periods for interest rate products. The interest rate exposure is managed using a variety of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 300pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments and is exposed to material changes in the short term rates as these are likely to reflect fixing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">periods during which floating rate exposure is effectively fixed until the next fixing date is reached. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 324pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Analysis of recent changes to short term rates suggest that movements are usually within a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 477.46pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-912" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3113">100</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.14pt; position: var(--position); text-decoration: none; white-space: pre;">bps <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">range; this is based on a review of Fed Funds rate moves over a rolling <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 389.15pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-913" name="mar:SensitivityAnalysisForTypesOfMarketRiskRollingPeriod" format="ixt-sec:durmonth" id="f-3114">3</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394.71pt; position: var(--position); text-decoration: none; white-space: pre;">-month period between January <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2022 and September 2023 and as such, the Group has considered a movement of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 439.22pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-912" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3115">100</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 455.9pt; position: var(--position); text-decoration: none; white-space: pre;">bps to be an <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">extreme scenario over a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 181.99pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-913" name="mar:SensitivityAnalysisForTypesOfMarketRiskRollingPeriod" format="ixt-sec:durmonth" id="f-3116">3</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.55pt; position: var(--position); text-decoration: none; white-space: pre;">-month period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group has modelled the interest rate sensitivity to include the impact of rate movements on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income earned on average investment balances offset with expenses paid on interest bearing liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and debt funding. This reflects the proportion of client assets which are interest bearing and the average <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 432pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances of our debt funding. The sensitivity analysis has been determined based on the exposure at the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 444pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">reporting date and does not include effects that may arise from increased margin calls at exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 456pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in client behaviour or related management actions.&#160; <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 474pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">It is estimated, that as at 31 December 2024, if the relevant short term interest rates had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 486pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-912" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3117">100</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.68pt; position: var(--position); text-decoration: none; white-space: pre;">bps higher, NII on interest-bearing financial assets and financial liabilities for the year ended <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31&#160;December 2024 would increase by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 242.57pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-913" decimals="-6" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseInNetInterestIncomeDueToRiskFactor" scale="6" id="f-3118">17</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 267.58000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 301.46000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-914" decimals="-6" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseInNetInterestIncomeDueToRiskFactor" scale="6" id="f-3119">38</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 326.47pt; position: var(--position); text-decoration: none; white-space: pre;">). If&#160;the short-term interest rates had been <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 510pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-912" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3120">100</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 88.68pt; position: var(--position); text-decoration: none; white-space: pre;">bps lower, NII for interest-bearing financial assets and financial liabilities for the year ended 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 522pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2023 would decrease by <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 232.02pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-913" decimals="-6" name="mar:SensitivityAnalysisForTypesOfMarketRiskDecreaseInNetInterestIncomeDueToRiskFactor" scale="6" id="f-3121">17</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 257.03pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 290.90999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-914" decimals="-6" name="mar:SensitivityAnalysisForTypesOfMarketRiskDecreaseInNetInterestIncomeDueToRiskFactor" scale="6" id="f-3122">38</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 315.91999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">). This impact relates solely to NII and does not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 534pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">include the impact of compensation or taxes which would reduce the impact on profit after tax.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 570pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value hedge<span style="display: inline-block; height: 7.28pt;"></span><span id="ib4137fe041cf48048f4c95497be21340"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 588pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024, the Group had an interest rate swap and a cross currency swap agreement <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 600pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">in place with a notional amount of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 223.08pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-915" decimals="-6" name="ifrs-full:CreditDerivativeNominalAmount" scale="6" id="f-3123">300</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 253.65pt; position: var(--position); text-decoration: none; white-space: pre;"> whereby the Group receives SOFR + <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 423.31pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-916" decimals="3" name="mar:DerivativeAdjustmentToInterestRateBasis" scale="-2" id="f-3124">6.1</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.09pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.31pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-915" decimals="-5" name="ifrs-full:CreditDerivativeNominalAmount" scale="6" id="f-3125">327.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 507.21pt; position: var(--position); text-decoration: none; white-space: pre;"> in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 612pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">return for <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 115.31pt; position: var(--position); text-decoration: none; white-space: pre;">&#8364;<ix:nonFraction unitRef="eur" contextRef="c-915" decimals="-6" name="ifrs-full:CreditDerivativeNominalAmount" scale="6" id="f-3126">300</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 145.88pt; position: var(--position); text-decoration: none; white-space: pre;"> and paying fixed <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 224.21pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-915" decimals="5" name="mar:DerivativeFixedInterestRatePaid" scale="-2" id="f-3127">8.375</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.11pt; position: var(--position); text-decoration: none; white-space: pre;">. The interest rate swap and cross currency swap are being <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 624pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">used to hedge the exposure to changes in the fair value of the fixed rate <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 392.51pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-915" decimals="5" name="mar:DerivativeFixedInterestRatePaid" scale="-2" id="f-3128">8.375</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 426.41pt; position: var(--position); text-decoration: none; white-space: pre;"> senior debt issuance.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 523.63pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 642pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">At 31 December 2024, the Group also had an interest rate swap with a notional amount of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 500.27pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-917" decimals="-5" name="ifrs-full:CreditDerivativeNominalAmount" scale="6" id="f-3129">600.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 539.17pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 654pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">whereby the Group receives the fixed rate of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 271.4pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-917" decimals="5" name="mar:DerivativeFixedInterestRatePaid" scale="-2" id="f-3130">6.404</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 305.3pt; position: var(--position); text-decoration: none; white-space: pre;"> and pays the floating rate of SOFR + <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 473.27pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-918" decimals="6" name="mar:DerivativeAdjustmentToInterestRateBasis" scale="-2" id="f-3131">2.5751</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 512.73pt; position: var(--position); text-decoration: none; white-space: pre;">. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 666pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">risk being hedged is the exposure to changes in the fair value of the fixed-rate senior bond issuance due <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 678pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to fluctuations in market interest rates.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 696pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There is an economic relationship between the hedged items and the hedging instruments as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 708pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">terms of the interest rate swap match the terms of the fixed rate loan (i.e. notional amount, maturity, <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">280<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-19" continuedAt="f-1952-20"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">payment and reset dates). The Group has established a hedge ratio of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 385.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-917" decimals="INF" name="mar:DerivativeHedgingRatio" scale="0" id="f-3132">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 391.23pt; position: var(--position); text-decoration: none; white-space: pre;">:<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394pt; position: var(--position); text-decoration: none; white-space: pre;">1<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 399.56pt; position: var(--position); text-decoration: none; white-space: pre;"> for the hedging relationships <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as the underlying risk of the interest rate swap is identical to the hedged risk component. To test the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">hedge effectiveness, the Group uses the hypothetical derivative method and compares the changes in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">fair value of the hedging instrument against the changes in the fair value of the hedged item attributable to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the hedged risk. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Hedge ineffectiveness can arise from: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">different interest rate curve applied to discount the hedged item and hedging instrument;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">differences in timing of cash flows of the hedged item and hedging instrument;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the counterparties&#8217; credit risk differently impacting the fair value movements of the hedging <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">instrument and hedged item.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><ix:continuation id="f-2229-7" continuedAt="f-2229-8"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The impact of hedge accounting on the statement of financial position as at 31 December 2024 is <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2229-8"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 252pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 153.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 105pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 80.25pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.41pt; position: var(--position); text-decoration: none; white-space: pre;">Notional <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.96pt; position: var(--position); text-decoration: none; white-space: pre;">Amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.62pt; position: var(--position); text-decoration: none; white-space: pre;">Carrying <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.96pt; position: var(--position); text-decoration: none; white-space: pre;">Amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 0pt; width: 105pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 51.1pt; position: var(--position); text-decoration: none; white-space: pre;">Line item in the<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.55pt; position: var(--position); text-decoration: none; white-space: pre;"> statement of financial <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 75.19pt; position: var(--position); text-decoration: none; white-space: pre;">position<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 0pt; width: 80.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.48pt; position: var(--position); text-decoration: none; white-space: pre;">used for recognising <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.4pt; position: var(--position); text-decoration: none; white-space: pre;">ineffectiveness for the <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 63.23pt; position: var(--position); text-decoration: none; white-space: pre;">year<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 9pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 36pt; width: 80.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 0.94pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 67.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate swap<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 45pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-919" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3133">910.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 45pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-919" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3134">17.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 45pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 45pt; width: 80.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 56.32pt;"></span></span><span style="left: 58.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-920" decimals="-5" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-3135">2.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 59.25pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cross currency swap<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 59.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-921" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3136">327.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 59.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.51pt;"></span></span><span style="left: 33.14pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-921" decimals="-5" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-3137">22.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 59.25pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 73.5pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed rate borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 73.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-922" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3138">906.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 73.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-922" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3139">929.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 73.5pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 73.5pt; width: 80.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 59.65pt;"></span></span><span style="left: 62.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-923" decimals="-5" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-3140">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The impact of hedge accounting on the statement of financial position as at 31 December 2023 is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.15pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as follows: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 395.15pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 153.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 105pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 80.25pt;"/></tr><tr style="height: 36pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.41pt; position: var(--position); text-decoration: none; white-space: pre;">Notional <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.96pt; position: var(--position); text-decoration: none; white-space: pre;">Amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.62pt; position: var(--position); text-decoration: none; white-space: pre;">Carrying <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.96pt; position: var(--position); text-decoration: none; white-space: pre;">Amount<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 0pt; width: 105pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 51.1pt; position: var(--position); text-decoration: none; white-space: pre;">Line item in the<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 28.55pt; position: var(--position); text-decoration: none; white-space: pre;"> statement of financial <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 75.19pt; position: var(--position); text-decoration: none; white-space: pre;">position<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 0pt; width: 80.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.74pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 11.19pt; position: var(--position); text-decoration: none; white-space: pre;">Change in fair value <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.14pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.48pt; position: var(--position); text-decoration: none; white-space: pre;">used for recognising <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.54pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 3.4pt; position: var(--position); text-decoration: none; white-space: pre;">ineffectiveness for the <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 27.94pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 63.23pt; position: var(--position); text-decoration: none; white-space: pre;">year<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 8.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 1.41pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 36pt; width: 60pt;"><div><div style="line-height: 7pt; position: var(--position); top: 1.41pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.26pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 36pt; width: 80.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 1.41pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 67.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 44.25pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest rate swap<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 44.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-924" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3141">331.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 44.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.84pt;"></span></span><span style="left: 36.470000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-924" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3142">23.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 44.25pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.5pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 44.25pt; width: 80.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 59.65pt;"></span></span><span style="left: 62.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-925" decimals="-5" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-3143">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 58.5pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cross currency swap<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 58.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-926" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3144">327.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 58.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.4pt;"></span></span><span style="left: 42.03pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-926" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3145">3.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 58.5pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 3.5pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 58.5pt; width: 80.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 63.54pt;"></span></span><span style="left: 66.17pt; position: var(--position);">&#8212;<span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 72.75pt; width: 153.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed rate borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153.75pt; position: var(--position); top: 72.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-927" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-3146">329.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 216.75pt; position: var(--position); top: 72.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-927" decimals="-5" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-3147">358.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 279.75pt; position: var(--position); top: 72.75pt; width: 105pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 105pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36.27pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 387.75pt; position: var(--position); top: 72.75pt; width: 80.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 80.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 56.32pt;"></span></span><span style="left: 58.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-928" decimals="-5" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-3148">3.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 507.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Concentration risk<span style="display: inline-block; height: 7.28pt;"></span><span id="i7b1da1d514424684b689620951cb4796"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 525.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">To mitigate the concentration of credit risk exposure to a particular single customer, counterparty or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 537.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">group of affiliated customers or counterparties, the Group monitors these exposures carefully and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 549.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ensures that these remain within pre-defined limits. Large exposure limits are determined in accordance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 561.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">with appropriate regulatory rules. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 579.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Further concentration risk controls are in place to limit exposure to clients or counterparties within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 591.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">single countries of origin and operation through specific country credit risk limits as set by the Board Risk <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 603.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Committee. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 621.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of cash balances as at 31 December 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 426.43999999999994pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-929" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3149">44</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 446.45000000000005pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 480.33000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-930" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3150">46</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 500.34000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">) to a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 633.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">UK-based, AA- rated global banking group (2023: UK-based, AA rated global banking group).<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 482.54pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 651.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of exposures to exchanges, clearing houses and other counterparties as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 663.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">at 31 December 2024 was <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 191.44pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-931" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3151">32</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 211.45pt; position: var(--position); text-decoration: none; white-space: pre;"> to ICE (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 275.85pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-932" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3152">38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 295.86pt; position: var(--position); text-decoration: none; white-space: pre;">) and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 321.40999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-933" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3153">26</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 341.42pt; position: var(--position); text-decoration: none; white-space: pre;"> to the CME (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 428.04pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-934" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3154">38</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 448.05pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 681.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The largest concentration of exposures to treasury instruments is to the United States Government <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 693.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 85.33pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-935" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3155">86</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 105.34pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 139.22pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-936" decimals="2" name="mar:ConcentrationRisk" scale="-2" id="f-3156">97</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 159.23000000000002pt; position: var(--position); text-decoration: none; white-space: pre;">) of the instruments are issued by the US Government or a US Government <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 705.55pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sponsored enterprise.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">281<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-20" continuedAt="f-1952-21"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Liquidity risk <span style="display: inline-block; height: 7.28pt;"></span><span id="ibea02721120144eaa1bbfbf39993a475"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group defines liquidity risk as the failure to meet its day-to-day capital and cash flow <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements. Liquidity risk is assessed and managed under the Individual Capital and Risk Assessment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(ICARA) and Liquidity Risk Framework. To mitigate liquidity risk, the Group has implemented robust cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">management policies and procedures that monitor liquidity daily to ensure that the Group has sufficient <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">resources to meet its margin requirement at clearing houses and third party brokers. In the event of a <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity issue arising, the Group has recourse to existing global cash resources, after which it could draw <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">down on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 112.56pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-937" decimals="-6" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3157">275</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.13pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.01pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-938" decimals="-6" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3158">250</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.58pt; position: var(--position); text-decoration: none; white-space: pre;">) of committed revolving credit facilities (note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 407.5pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1359">21(d)</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 430.84pt; position: var(--position); text-decoration: none; white-space: pre;">). The Group has <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">access to a further <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.97pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-443" decimals="INF" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3159">200</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.54000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 221.42pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-444" decimals="INF" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3160">125</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 251.99pt; position: var(--position); text-decoration: none; white-space: pre;">) secured borrowings (note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 373.65pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1359">21(b)</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 396.99pt; position: var(--position); text-decoration: none; white-space: pre;">). The effect of the callable <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 186pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">features within the structured note program is monitored and dynamically updated to reflect any changes <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 198pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to expected cashflows as part of the overall Group liquidity requirements. Short term liquidity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">requirements are monitored and subject to limits reflecting the Groups liquidity resources. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There are strict guidelines followed in relation to products and tenor into which excess liquidity can <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">be invested. Excess liquidity is invested in highly liquid instruments, such as cash deposits with financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 252pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">institutions for a period of less than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.17pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-939" name="mar:FinancialInstrumentMaturityTerm" format="ixt-sec:durwordsen" id="f-3161">three months</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 287.5pt; position: var(--position); text-decoration: none; white-space: pre;"> and US Treasuries with a maturity of up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.08pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-892" name="mar:FinancialInstrumentMaturityTerm" format="ixt-sec:durwordsen" id="f-3162">two years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 521.85pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The financial liabilities are based upon rates set on a daily basis, apart from the financing of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">warrant positions and the credit facility where the rates are set for the term of the loan. For assets not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">marked to market, there is no material difference between the carrying value and fair value. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 312pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Liquidity risk exposures<span style="display: inline-block; height: 7.28pt;"></span><span id="i5bd803d586074544bcd84f643bebef1e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:ScheduleOfCommittedFinancingFacilitiesTableTextBlock" id="f-3163" continuedAt="f-3163-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table details the Group&#8217;s available committed financing facilities including committed <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3163-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 342pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credit agreements:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 360pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 465pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 311.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Secured borrowings and committed revolving credit facilities:<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 361.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 361.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amount used<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 26.16pt; position: var(--position); text-decoration: none; white-space: pre;">21(a)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 361.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-940" decimals="-5" name="mar:CommittedFinancingFacility" scale="6" id="f-3164">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-941" decimals="-5" name="mar:CommittedFinancingFacility" format="ixt:fixed-zero" scale="6" id="f-3165">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amount unused<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 26.72pt; position: var(--position); text-decoration: none; white-space: pre;">21(c)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 361.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-942" decimals="-5" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3166">275.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-943" decimals="-5" name="ifrs-full:UndrawnBorrowingFacilities" scale="6" id="f-3167">250.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 361.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:CommittedFinancingFacility" scale="6" id="f-3168">427.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 414.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:CommittedFinancingFacility" scale="6" id="f-3169">250.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">282<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-21" continuedAt="f-1952-22"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><ix:continuation id="f-2637-2" continuedAt="f-2637-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table details the Group&#8217;s contractual maturity for non-derivative financial liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></div><ix:continuation id="f-2637-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities are presented discounted based on the first call dates. Lease liabilities are undiscounted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and contractual.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 114pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 151.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.15pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.47pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.36pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.4pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.38pt; position: var(--position); text-decoration: none; white-space: pre;">More than 5 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.34pt; position: var(--position); text-decoration: none; white-space: pre;">years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 151.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3170">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3171">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3172">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3173">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3174">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3175">2,305.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3176">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3177">1,704.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3178">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3179">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3180">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3181">1,704.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3182">1,218.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" scale="6" id="f-3183">282.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" scale="6" id="f-3184">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3185">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3186">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3187">1,501.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 98.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3188">7,270.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3189">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3190">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3191">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3192">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 98.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3193">7,270.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 112.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3194">3.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3195">463.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3196">3.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3197">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3198">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 112.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3199">470.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 126.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3200">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3201">4.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3202">4.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3203">2.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3204">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 126.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3205">17.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 141pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3206">4,804.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" scale="6" id="f-3207">147.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3208">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3209">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3210">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 141pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3211">4,952.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 155.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short term borrowings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.25pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3212">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.25pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" scale="6" id="f-3213">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.25pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3214">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.25pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3215">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.25pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3216">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 155.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 1.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:BankBorrowingsUndiscountedCashFlows" scale="6" id="f-3217">152.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 168pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3218">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3219">1,235.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3220">883.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3221">1,434.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3222">50.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3223">3,604.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 182.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" format="ixt:fixed-zero" scale="6" id="f-3224">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3225">3.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3226">10.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3227">52.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3228">37.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3229">104.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3230">13,303.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3231">6,299.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" scale="6" id="f-3232">902.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3233">1,490.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" scale="6" id="f-3234">87.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3235">22,083.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 329.75pt; width: 612pt;"><div style="font-size: 0pt; left: 70.5pt; position: var(--position); top: 0pt; width: 469.5pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 153pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.15pt; position: var(--position); text-decoration: none; white-space: pre;">Less than 3<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.47pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.36pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.4pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 8.38pt; position: var(--position); text-decoration: none; white-space: pre;">More than 5 <span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.34pt; position: var(--position); text-decoration: none; white-space: pre;">years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 153pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 20.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 153pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3236">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3237">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3238">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3239">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3240">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 31.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:RepurchaseAgreementUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3241">3,118.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45.75pt; width: 153pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" scale="6" id="f-3242">1.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3243">1,923.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3244">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3245">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:fixed-zero" scale="6" id="f-3246">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 45.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:ShortSecuritiesUndiscountedCashFlow" format="ixt:num-dot-decimal" scale="6" id="f-3247">1,924.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 33.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 60pt; width: 153pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.75pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 12.75pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 22.75pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3248">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3249">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3250">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3251">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3252">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 60pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 12.75pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:AmountsDueToExchangesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3253">1,461.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 153pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3254">4,899.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3255">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3256">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3257">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3258">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:AmountsPayableToClientsUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3259">4,899.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 153pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3260">16.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3261">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3262">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3263">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3264">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" scale="6" id="f-3265">16.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 153pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other creditors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3266">6.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3267">9.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3268">1.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3269">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3270">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:OtherCreditorsUndiscountedCashFlows" scale="6" id="f-3271">18.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 153pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3272">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3273">2,323.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3274">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3275">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3276">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:StockLendingUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3277">2,323.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 153pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:fixed-zero" scale="6" id="f-3278">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3279">440.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3280">868.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3281">889.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" scale="6" id="f-3282">18.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 150.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:DebtSecuritiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3283">2,216.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 153pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 153pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Lease liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" format="ixt:fixed-zero" scale="6" id="f-3284">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3285">3.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3286">10.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3287">31.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3288">12.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:GrossLeaseLiabilities" scale="6" id="f-3289">57.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 153pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3290">6,384.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 206.25pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3291">7,819.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 259.5pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" scale="6" id="f-3292">880.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 312.75pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" scale="6" id="f-3293">920.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 366pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" scale="6" id="f-3294">31.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 419.25pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:NonderivativeFinancialLiabilitiesUndiscountedCashFlows" format="ixt:num-dot-decimal" scale="6" id="f-3295">16,036.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 541.45pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfMaturityAnalysisForNonDerivativeFinancialAssetsTableTextBlock" id="f-3296" continuedAt="f-3296-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due to exchanges, clearing houses and other counterparties, amounts payable to clients, <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3296-1" continuedAt="f-3296-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 553.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade payables and other creditors are aggregated on the statement of financial position in trade and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other payables and disaggregated in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 258.69pt; position: var(--position); text-decoration: none; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1386">24.</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">283<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-22" continuedAt="f-1952-23"><div><ix:continuation id="f-3296-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Shown below is the Group&#8217;s contractual maturity for non-derivative financial assets:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 84pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 151.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 151.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.6pt; position: var(--position); text-decoration: none; white-space: pre;"> 3 months<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.47pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.36pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.4pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">More than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.57pt; position: var(--position); text-decoration: none; white-space: pre;"> 5 years<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-950" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3297">125.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-951" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3298">2,638.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-952" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3299">679.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-953" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3300">125.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-954" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3301">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-610" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3302">3,568.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-955" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3303">75.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-956" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3304">12.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-957" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3305">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-958" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3306">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-959" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3307">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-402" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3308">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 56.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-960" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3309">4,464.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-961" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3310">213.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-962" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3311">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-963" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3312">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-964" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3313">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-617" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3314">4,678.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 70.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-965" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3315">1,577.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-966" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3316">203.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-967" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3317">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-968" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3318">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-969" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3319">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-970" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3320">1,781.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-971" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3321">213.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-972" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3322">2,277.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-973" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3323">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-974" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3324">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-975" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3325">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-976" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3326">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-977" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3327">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-978" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3328">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-979" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3329">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-980" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3330">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-981" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3331">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 27.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-982" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3332">3,215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 137.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-983" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3333">2,838.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-984" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3334">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-985" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3335">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-986" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3336">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-987" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3337">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 137.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-988" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3338">2,838.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 151.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-989" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3339">60.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-990" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3340">251.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-991" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3341">471.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-992" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3342">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-993" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3343">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 151.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-641" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3344">785.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-994" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3345">6.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-995" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3346">416.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-996" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3347">4.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-997" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3348">45.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-998" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3349">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 165.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-645" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3350">474.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-999" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3351">63.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1000" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3352">25.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1001" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3353">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1002" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3354">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1003" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3355">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 180pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-649" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3356">89.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 194.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1004" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3357">32.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1005" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3358">24.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1006" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3359">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1007" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3360">3.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1008" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3361">1.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 194.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1009" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3362">63.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 208.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1010" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3363">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1011" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3364">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1012" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3365">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1013" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3366">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1014" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3367">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 208.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-657" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3368">2,556.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3369">15,230.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-945" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3370">6,063.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3371">1,157.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3372">176.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3373">1.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 222.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3374">22,629.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position: var(--position); top: 326pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 151.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 27.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 151.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 9.16pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.98pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.6pt; position: var(--position); text-decoration: none; white-space: pre;"> 3 months<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 25.47pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 22.37pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.36pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 27.4pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 2.89pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 14.21pt; position: var(--position); text-decoration: none; white-space: pre;">More than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.57pt; position: var(--position); text-decoration: none; white-space: pre;"> 5 years<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 11.29pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 19.69pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 27.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1015" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3375">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1016" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3376">2,681.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1017" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3377">104.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1018" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3378">119.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1019" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3379">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 27.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-668" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3380">2,905.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 42pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1020" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3381">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1021" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3382">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1022" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3383">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1023" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3384">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1024" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3385">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 42pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-403" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3386">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 56.25pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1025" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3387">1,511.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1026" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3388">9.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1027" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3389">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1028" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3390">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1029" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3391">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 56.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-675" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3392">1,521.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 70.5pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1030" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3393">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1031" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3394">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1032" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3395">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1033" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3396">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1034" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3397">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 70.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1035" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3398">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1036" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3399">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1037" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3400">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1038" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3401">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1039" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3402">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1040" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3403">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 84.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1041" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3404">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 33.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 99pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 2.87pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts due from exchanges, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 12.87pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">clearing&#160;houses and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 22.87pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">counterparties<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1042" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3405">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1043" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3406">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1044" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3407">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1045" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3408">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1046" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3409">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 99pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 22.87pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1047" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3410">2,344.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 132.75pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1048" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3411">1,728.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1049" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3412">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1050" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3413">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1051" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3414">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1052" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3415">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 132.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1053" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3416">1,728.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 147pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1054" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3417">80.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1055" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3418">206.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1056" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3419">11.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1057" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3420">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1058" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3421">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 147pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-699" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3422">300.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 161.25pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Default funds and deposits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1059" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3423">3.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1060" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3424">124.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1061" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3425">131.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1062" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3426">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1063" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3427">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 161.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-703" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3428">259.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 175.5pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Loans receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1064" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3429">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1065" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3430">7.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1066" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3431">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1067" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3432">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1068" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3433">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 175.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-707" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3434">8.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189.75pt; width: 151.5pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1069" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3435">67.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1070" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3436">11.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1071" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3437">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1072" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3438">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1073" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3439">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 189.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1074" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3440">79.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 204pt; width: 151.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 151.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1075" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3441">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1076" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3442">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1077" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3443">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1078" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3444">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1079" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:fixed-zero" scale="6" id="f-3445">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 204pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-715" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3446">1,483.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3447">9,720.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 204.75pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-948" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3448">6,317.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3449">248.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3450">121.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" scale="6" id="f-3451">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 218.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:FinancialAssetsHeldForManagingLiquidityRisk" format="ixt:num-dot-decimal" scale="6" id="f-3452">16,407.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Both assets and liabilities are included to understand the Group&#8217;s liquidity risk management, as the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liquidity is managed on a net asset and liability basis. Amounts due from exchanges, clearing houses and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">other counterparties, amounts receivable from clients, trade debtors, default funds and deposits, loans <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 605.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receivable and other debtors are aggregated on the statement of financial position in trade and other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 617.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receivables and disaggregated in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.69pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1350">20</a><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 254.81pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">284<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-23" continuedAt="f-1952-24"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskExplanatory" id="f-3453" continuedAt="f-3453-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table details the Group&#8217;s contractual maturity for derivative financial assets and <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3453-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative financial liabilities as at<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31 December 2024:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 114pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 124.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 124.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.66pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 21.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.48pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.1pt; position: var(--position); text-decoration: none; white-space: pre;"> 3 months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 21.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.97pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.87pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 21.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.9pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.99pt; position: var(--position); text-decoration: none; white-space: pre;">5 + years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 30.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 124.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 38.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 52.5pt; width: 124.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1080" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-3454">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1081" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3455">381.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1082" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3456">381.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1083" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3457">396.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 38.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1084" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3458">4.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 52.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 18.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1085" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3459">1,163.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 66.75pt; width: 124.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1080" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-3460">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 20.45pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1081" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3461">357.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 20.45pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1082" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3462">164.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 20.45pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1083" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3463">209.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 26.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1084" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3464">20.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 66.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 20.45pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-1085" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3465">751.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 42.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-944" decimals="-5" name="mar:DerivativeAssetLiability" format="ixt:fixed-zero" scale="6" id="f-3466">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 32.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1086" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3467">24.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-946" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3468">216.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-597" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3469">187.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 26.01pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="usd" contextRef="c-599" decimals="-5" sign="-" name="mar:DerivativeAssetLiability" scale="6" id="f-3470">15.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 81pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 4.87pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 27.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3471">411.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 221.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table details the Group&#8217;s contractual maturity for derivative financial assets and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 233.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative financial liabilities as at 31 December 2023:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 251.75pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 124.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 54.75pt;"/></tr><tr style="height: 20.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 124.5pt;"><div><div style="font-size: 12pt; line-height: 7pt; position: var(--position); top: 12.19pt; width: 124.5pt;"><span style="font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 (Restated)<span style="display: inline-block; height: 5.09pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 4.55pt; font-style: normal; font-weight: bold; left: 54.330000000000005pt; position: var(--position); text-decoration: none; top: -1.7814999999999999pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 3.3085pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 13.66pt; position: var(--position); text-decoration: none; white-space: pre;">On demand<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.48pt; position: var(--position); text-decoration: none; white-space: pre;">Less than<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 19.1pt; position: var(--position); text-decoration: none; white-space: pre;"> 3 months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 29.97pt; position: var(--position); text-decoration: none; white-space: pre;">3 to 12<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 26.87pt; position: var(--position); text-decoration: none; white-space: pre;">months<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.79pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 33.86pt; position: var(--position); text-decoration: none; white-space: pre;">1 to 5<span style="display: inline-block; height: 5.09pt;"></span></span></div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 31.9pt; position: var(--position); text-decoration: none; white-space: pre;"> years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 21.99pt; position: var(--position); text-decoration: none; white-space: pre;">5 + years<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 0pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 12.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 35.42pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 20.25pt; width: 124.5pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 20.25pt; width: 54.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 42.01pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 31.5pt; width: 124.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1087" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-3472">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1088" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3473">255.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1089" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3474">139.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1090" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3475">258.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1091" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3476">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 31.5pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1092" decimals="-5" name="ifrs-full:DerivativeFinancialAssets" scale="6" id="f-3477">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 45.75pt; width: 124.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 124.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1087" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-3478">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1088" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3479">248.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1089" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3480">109.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 25.26pt;"></span></span><span style="left: 27.89pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1090" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3481">42.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 30.82pt;"></span></span><span style="left: 33.45pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1091" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3482">1.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 45.75pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 19.7pt;"></span></span><span style="left: 22.33pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1092" decimals="-5" name="ifrs-full:DerivativeFinancialLiabilities" scale="6" id="f-3483">402.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 124.5pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 38.04pt;"></span></span><span style="left: 40.67pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-947" decimals="-5" name="mar:DerivativeAssetLiability" format="ixt:fixed-zero" scale="6" id="f-3484">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 182.25pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1093" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3485">6.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 240pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.59pt;"></span></span><span style="left: 31.22pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-949" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3486">30.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 297.75pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-598" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3487">215.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 355.5pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 34.15pt;"></span></span><span style="left: 36.78pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-600" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3488">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 413.25pt; position: var(--position); top: 60pt; width: 54.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 54.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 23.03pt;"></span></span><span style="left: 25.66pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:DerivativeAssetLiability" scale="6" id="f-3489">253.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 337pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note 3(b) and note 36 for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Certain derivative assets and liabilities do not meet the offsetting criteria in IAS 32, but the entity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">has the right of offset in the case of default, insolvency or bankruptcy. Consequently, the gross amount of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 374.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative assets of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 160.31pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3490">1,163.5</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 207.54pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 241.42pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3491">655.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 280.32pt; position: var(--position); text-decoration: none; white-space: pre;">) and the gross amount of derivative liabilities of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 494.15pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3492">751.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 533.05pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 386.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 103.11pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3493">402.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 142.01pt; position: var(--position); text-decoration: none; white-space: pre;">) are presented separately in the Group's statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Fair value measurement<span style="display: inline-block; height: 7.28pt;"></span><span id="ia1bce2a308444938a97a14a10e0d5c16"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The information set out below provides information about how the Group determines fair values of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 434.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">various financial assets and financial liabilities. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 452.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Management assessed that the fair values of stock borrowing, reverse repurchase agreements, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 464.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">amounts due from exchanges, clearing houses and other counterparties, cash and short term deposits, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">trade receivables, repurchase agreements, stock lending and trade and other payables, approximate their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 488.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">carrying value amounts largely due to the short-term maturities of these instruments.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 506.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following methods and assumptions were used to estimate the Level 2 fair values:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The fair values of the debt securities takes the price quotations at the reporting date and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">compares them against internal quantitative models that require the use of multiple market inputs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">including commodities prices, interest and foreign exchange rates to generate a continuous yield <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 560.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">or pricing curves and volatility factors, which are used to value the position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The fair value of non-listed investments relates to the Group&#8217;s holding of seats and membership of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 590.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">the exchanges and is based upon the latest trading price.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 608.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Where the inventory is related to scrap metals, the valuation is based on the quoted price <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">discounted by location and grade of metal. Where there is an active market for the Group&#8217;s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">inventory, then quoted market price will be used to value the inventory position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The Group enters into derivative financial instruments with various counterparties, principally <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 662.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">financial institutions with investment grade credit ratings. Interest rate swaps, foreign exchange <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 674.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">forward contracts and commodity forward contracts are valued using valuation techniques, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 686.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">employ the use of market observable inputs. The most frequently applied valuation techniques <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 698.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">include forward pricing and swap models using present value calculations. The models <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 710.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">incorporate various inputs including the credit quality of counterparties, foreign exchange spot and <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">285<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-24" continuedAt="f-1952-25"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">forward rates curves of the underlying commodity. Some derivative contracts are fully cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">collateralised, thereby eliminating both counterparty risk and the Group&#8217;s own non-performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">risk.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Level 3 fair value measurements are those derived from valuation techniques that include inputs for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the asset or liability that are not based&#160;on observable market data. Some of the Group&#8217;s derivative <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 138pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">financial instruments are priced using quantitative models that require the use of multiple market inputs <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">including commodity prices, interest and foreign exchange rates to generate continuous yield or pricing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">curves and volatility factors in addition to unobservable inputs, which are used to value the position and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 174pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">therefore qualify as Level 3 financial assets.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Own credit<span style="display: inline-block; height: 7.28pt;"></span><span id="id076b0ed800d4beb9c75c0254ccb46cd"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Under IFRS 9, changes in fair value related to own credit risk for other financial liabilities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">designated at fair value through profit and loss&#160;are recognised in other comprehensive income. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">changes in own credit risk recognised in other comprehensive income are subsequently transferred within <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity to retained earnings in the same period as the underlying position matures or terminates. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group determines its own credit spread regularly based on a model using observable market inputs. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Management estimates the own credit spread through using market observable credit spreads of publicly <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">traded debt of the Group and composite credit spreads across the industry. The estimated own credit <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">sensitivity to a <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 137.51999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1094" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3494">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.07999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> basis point move in credit spread is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.71000000000004pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1095" decimals="-5" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseDecreaseInProfitLossDueToRiskFactor" scale="6" id="f-3495">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.49pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.37pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1096" decimals="-5" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseDecreaseInProfitLossDueToRiskFactor" scale="6" id="f-3496">0.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394.15pt; position: var(--position); text-decoration: none; white-space: pre;">). Hence an increase in own <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">credit spread of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 143.65pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1094" decimals="INF" name="mar:SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercent" scale="-4" id="f-3497">1</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.20999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> basis point will lead to a charge of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 304.72pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1095" decimals="-5" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseDecreaseInProfitLossDueToRiskFactor" scale="6" id="f-3498">0.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 332.5pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.38pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1096" decimals="-5" name="mar:SensitivityAnalysisForTypesOfMarketRiskIncreaseDecreaseInProfitLossDueToRiskFactor" scale="6" id="f-3499">0.2</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 394.16pt; position: var(--position); text-decoration: none; white-space: pre;">) recognised in other <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive income.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 336pt; width: 612pt;"><ix:continuation id="f-2663-3" continuedAt="f-2663-4"><ix:continuation id="f-2662-5" continuedAt="f-2662-6"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table shows an analysis of assets and liabilities recorded at fair value shown in <span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></ix:continuation></div><ix:continuation id="f-2663-4" continuedAt="f-2663-5"><ix:continuation id="f-2662-6" continuedAt="f-2662-7"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accordance with the fair value hierarchy as at 31 December 2024 and 2023.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></ix:continuation></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">286<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-2663-5" continuedAt="f-2663-6"><ix:continuation id="f-2662-7" continuedAt="f-2662-8"><ix:continuation id="f-1952-25" continuedAt="f-1952-26"><div><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 258pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 1<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 2<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 3<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 258pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets &#8211; FVTPL:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1097" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3500">4,464.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1098" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3501">213.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1099" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3502">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-614" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3503">4,678.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Treasury Instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1100" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3504">29.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1101" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3505">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1102" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3506">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-607" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3507">29.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1103" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3508">75.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1104" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3509">12.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1105" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3510">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-611" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3511">87.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1106" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3512">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1107" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3513">1,161.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1108" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3514">0.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-618" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3515">1,162.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1109" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3516">51.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1110" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3517">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1111" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3518">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1112" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3519">51.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1113" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3520">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1114" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3521">108.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1115" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3522">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1116" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3523">108.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1117" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3524">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1118" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3525">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1119" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3526">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1120" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3527">2,490.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 136.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1121" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3528">1,781.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1122" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3529">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1123" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3530">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 136.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1124" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3531">1,781.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 150.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets &#8211; FVTOCI:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 165pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1125" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3532">12.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1126" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3533">6.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1127" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3534">5.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 165pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-604" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3535">24.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 179.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1128" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3536">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1129" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3537">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1130" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3538">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 179.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-619" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3539">1.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 193.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities &#8211; FVTOCI:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 207.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1131" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3540">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1132" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3541">27.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1133" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3542">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 207.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1134" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3543">27.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 222pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities &#8211; FVTPL:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 236.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1135" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3544">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1136" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3545">724.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1137" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3546">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 236.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1138" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3547">724.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 250.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1139" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3548">7.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1140" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3549">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1141" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3550">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 250.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1142" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3551">7.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 264.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 264.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1143" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3552">65.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 264.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1144" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3553">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 264.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1145" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3554">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 264.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1146" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3555">65.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 279pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 279pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1147" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3556">1,644.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 279pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1148" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3557">59.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 279pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1149" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3558">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 279pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1150" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3559">1,704.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 293.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 293.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1151" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3560">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 293.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1152" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3561">2,668.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 293.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1153" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3562">5.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 293.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1154" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3563">2,674.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 307.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock lending<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 307.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1155" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3564">3,480.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 307.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1156" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3565">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 307.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1157" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3566">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 307.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1158" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3567">3,480.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 321.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repurchase agreements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 321.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1159" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3568">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 321.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1160" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3569">2,305.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 321.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1161" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3570">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 321.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1162" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3571">2,305.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 336pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1163" decimals="-5" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3572">1,217.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 336pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1164" decimals="-5" sign="-" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3573">1,791.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 336pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1165" decimals="-5" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3574">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 336pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" sign="-" name="mar:FinancialAssetsLiabilityNetAtFairValue" scale="6" id="f-3575">574.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 447.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the financial instruments presented above, the Group also holds inventory which is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 459.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">measured at fair value less costs to sell. Refer to note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 312.47pt; position: var(--position); text-decoration: none; white-space: pre;">19<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 323.59000000000003pt; position: var(--position); text-decoration: none; white-space: pre;"> 'Inventory' for further details.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.78pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></ix:continuation></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">287<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-1952-26" continuedAt="f-1952-27"><div><ix:continuation id="f-2663-6" continuedAt="f-2663-7"><ix:continuation id="f-2662-8" continuedAt="f-2662-9"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 258pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 1<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 2<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 23.91pt; position: var(--position); text-decoration: none; white-space: pre;">Level 3<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 30.92pt; position: var(--position); text-decoration: none; white-space: pre;">Total<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #111023; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 11.25pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023 (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 74.3pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 6.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #111023; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets &#8211; FVTPL:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1166" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3576">1,521.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1167" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3577">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1168" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3578">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 39.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-672" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3579">1,521.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 150.93pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1169" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3580">1.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1170" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3581">650.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1171" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3582">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 54pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-676" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3583">652.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade debtors (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 113.91pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1172" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3584">5.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1173" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3585">32.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1174" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3586">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 68.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1175" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3587">38.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Stock borrowing (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 123.72pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1176" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3588">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1177" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3589">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1178" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3590">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 82.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1179" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3591">2,501.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 96.75pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse repurchase agreements (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 197.64pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1180" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3592">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1181" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3593">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1182" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3594">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 96.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1183" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3595">3,199.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts receivable from clients<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 144.26999999999998pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">2<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1184" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3596">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1185" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3597">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1186" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3598">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 111pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1187" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3599">12.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 125.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1188" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3600">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1189" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3601">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1190" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3602">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-669" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3603">76.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 139.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial assets &#8211; FVTOCI:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1191" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3604">5.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1192" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3605">10.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1193" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3606">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-662" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3607">16.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 168pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1194" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3608">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1195" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3609">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1196" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3610">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-677" decimals="-5" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-3611">3.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 182.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities &#8211; FVTOCI:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 196.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1197" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3612">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1198" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3613">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1199" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3614">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1200" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3615">0.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ccccd3; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 210.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financial liabilities &#8211; FVTPL:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ccccd3; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 225pt; width: 258pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments (Restated)<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 150.93pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1201" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3616">2.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1202" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3617">396.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1203" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3618">3.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1204" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3619">402.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 239.25pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 239.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1205" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3620">5.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 239.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1206" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3621">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 239.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1207" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3622">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 239.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1208" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3623">5.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 253.5pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Amounts payable to clients<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 253.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1209" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3624">105.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><ix:nonFraction unitRef="usd" contextRef="c-1210" xsi:nil="true" name="ifrs-full:FinancialLiabilitiesAtFairValue" id="f-3625"></ix:nonFraction></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 253.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1211" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3626">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 253.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1212" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3627">105.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 267.75pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1213" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3628">1,924.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1214" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3629">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1215" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3630">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1216" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3631">1,924.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 282pt; width: 258pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 258pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1217" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-3632">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1218" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3633">1,854.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1219" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-3634">3.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1220" decimals="-5" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3635">1,857.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 258pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1221" decimals="-5" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3636">2,085.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1222" decimals="-5" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3637">1,644.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1223" decimals="-5" sign="-" name="mar:FinancialAssetsLiabilityNetAtFairValue" scale="6" id="f-3638">5.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:FinancialAssetsLiabilityNetAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3639">3,725.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 387.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">1.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">Certain prior period comparatives have been restated. Refer to note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 263.78pt; position: var(--position); text-decoration: none; white-space: pre;">3(c)<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 274.09pt; position: var(--position); text-decoration: none; white-space: pre;"> and note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 300.71pt; position: var(--position); text-decoration: none; white-space: pre;">36<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 307.37pt; position: var(--position); text-decoration: none; white-space: pre;"> for further information.<span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 394.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">The Group realigned the classification of the balances for reverse repurchase agreements, stock borrowing, trade facilitation and receivables from LME to reflect the <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 401.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">underlying way that the assets are managed. These assets were previously disclosed as assets held at amortised cost, but have been adjusted to FVTPL. As at 31 <span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation></ix:continuation><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 409.1pt; width: 612pt;"><ix:continuation id="f-2663-7"><ix:continuation id="f-2662-9"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 82.77pt; position: var(--position); text-decoration: none; white-space: pre;">December 2023, the difference between FVTPL and amortised cost is <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 269.15999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1224" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughProfitOrLoss" scale="6" id="f-3640">0.5</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 285.8pt; position: var(--position); text-decoration: none; white-space: pre;"> for stock borrowing and <span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 351.34999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1225" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughProfitOrLoss" scale="6" id="f-3641">0.1</ix:nonFraction>m<span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 367.99pt; position: var(--position); text-decoration: none; white-space: pre;"> for the reverse repurchase agreements.<span style="display: inline-block; height: 4.36pt;"></span></span></ix:continuation></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 474.79999999999995pt; position: var(--position); text-decoration: none; white-space: pre;">&#160; <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 422.3pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFairValueMeasurementOfAssetsExplanatory" id="f-3642" continuedAt="f-3642-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following table summarises the movements in the Level 3 balances during the year. <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3642-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 440.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Asset and liability transfers between Level 2 and Level 3 are primarily due to either an increase or <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 452.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">decrease in observable market activity&#160;related to an input or a change in the significance of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 464.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">unobservable input, with assets and liabilities classified as Level 3 if an&#160;unobservable input is deemed <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">significant. There were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 175.12pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 186.24pt; position: var(--position); text-decoration: none; white-space: pre;"> transfers between any other levels during the year (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 444.54pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 455.66pt; position: var(--position); text-decoration: none; white-space: pre;"> transfers). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 494.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Reconciliation of Level 3 fair value measurements of financial assets<span style="display: inline-block; height: 7.28pt;"></span><span id="i16b6fdc512a74a65b8d13cf62687146f"></span></span></div><div style="position: var(--position); top: 506.3pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Balance at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1223" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-3643">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1226" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-3644">2.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchases<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:PurchasesFairValueMeasurementAssets" scale="6" id="f-3645">5.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:PurchasesFairValueMeasurementAssets" format="ixt:fixed-zero" scale="6" id="f-3646">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Settlements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:SettlementsFairValueMeasurementAssets" scale="6" id="f-3647">0.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:SettlementsFairValueMeasurementAssets" scale="6" id="f-3648">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total gains or losses in the period recognised in the income statement:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" scale="6" id="f-3649">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" scale="6" id="f-3650">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers out of Level 3<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets" scale="6" id="f-3651">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets" format="ixt:fixed-zero" scale="6" id="f-3652">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers into Level 3<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyAssets" scale="6" id="f-3653">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyAssets" format="ixt:fixed-zero" scale="6" id="f-3654">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Balance at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1165" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-3655">5.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1223" decimals="-5" name="ifrs-full:Assets" scale="6" id="f-3656">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 653.8pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" id="f-3657" continuedAt="f-3657-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Reconciliation of Level 3 fair value measurements of financial liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">288<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-1952-27"><ix:continuation id="f-3657-1"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Balance at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1223" decimals="-5" name="ifrs-full:Liabilities" scale="6" id="f-3658">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1226" decimals="-5" name="ifrs-full:Liabilities" scale="6" id="f-3659">4.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchases<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" scale="6" id="f-3660">4.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" scale="6" id="f-3661">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Settlements<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-3662">2.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-3663">0.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total gains or losses in the period recognised in the income statement:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Market Making revenue<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-3664">0.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-3665">2.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers out of Level 3<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-3666">1.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-3667">4.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Transfers into Level 3<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1227" decimals="-5" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-3668">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1228" decimals="-5" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-3669">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 122.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Balance at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1165" decimals="-5" name="ifrs-full:Liabilities" scale="6" id="f-3670">5.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 122.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1223" decimals="-5" name="ifrs-full:Liabilities" scale="6" id="f-3671">6.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 219.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group&#8217;s management believes, based on the valuation approach used for the calculation of fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 231.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">values and the related controls, that&#160;the Level 3 fair values are appropriate. The impact of reasonably <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 243.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">possible alternative assumptions from the unobservable input parameters shows no significant impact on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 255.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s profit, comprehensive income or shareholders&#8217; equity. The Group deems the total&#160;amount of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 267.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Level 3 financial assets and liabilities to be immaterial and therefore any sensitivities calculated on these <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 279.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">balances are also deemed to be immaterial. The Group defers day 1 gains/losses when the initial fair <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 291.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">value of a financial instrument held at fair value through profit and loss relies on unobservable inputs. At <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 303.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">31 December 2024, the Group held a deferred day 1 gains/losses balance of&#160;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.66pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:FinancialInstrumentDeferredDayOneGainsLosses" scale="6" id="f-3672">5.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 441.44pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023 <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 472.55pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:FinancialInstrumentDeferredDayOneGainsLosses" scale="6" id="f-3673">3.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 500.33pt; position: var(--position); text-decoration: none; white-space: pre;">).<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 335.9pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1459"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 335.9pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfSegregatedAssetsTextBlock" id="f-3674" continuedAt="f-3674-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">32&#160; &#160; &#160; Client Money (segregated)<span style="display: inline-block; height: 8pt;"></span><span id="i40ecd4c4e3aa407c9f5b61a9404347bf"></span></span></ix:nonNumeric></div><ix:continuation id="f-3674-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As required by the UK FCA&#8217;s Client Assets Sourcebook (&#8216;CASS&#8217;) rules and the CFTC&#8217;s client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">money rules, the Group maintains certain balances on behalf of clients with banks, exchanges, clearing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">houses and brokers in segregated accounts. Segregated assets governed by the UK FCA's CASS rules <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and the related liabilities to clients, whose recourse is limited to segregated accounts, are not included in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 407.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s statement of financial position where the Group is not beneficially entitled thereto and does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 419.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not share any of the risks or rewards of the assets. Excess Group cash placed in US segregated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts to satisfy US regulations and securities held in US segregated accounts are recognised on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group&#8217;s statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 461.1pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutSegregatedAssetsTableTextBlock" id="f-3675" continuedAt="f-3675-1" escape="true"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 471.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 368.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 368.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 368.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Segregated assets at banks (not recognised)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:SegregatedAssetsAtBanksUnrecognised" format="ixt:num-dot-decimal" scale="6" id="f-3676">4,982.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:SegregatedAssetsAtBanksUnrecognised" format="ixt:num-dot-decimal" scale="6" id="f-3677">4,116.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 368.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 368.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Segregated assets at exchanges, clearing houses and other counterparties (not <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 368.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">recognised)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:SegregatedAssetsAtExchangesClearingHousesAndOtherCounterpartiesUnrecognised" format="ixt:num-dot-decimal" scale="6" id="f-3678">1,101.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:SegregatedAssetsAtExchangesClearingHousesAndOtherCounterpartiesUnrecognised" format="ixt:num-dot-decimal" scale="6" id="f-3679">2,084.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63pt; width: 368.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 368.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Segregated assets at exchanges, clearing houses and other counterparties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 368.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(recognised)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 63pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:SegregatedAssetsAtExchangesClearingHousesAndOtherCounterpartiesRecognised" format="ixt:num-dot-decimal" scale="6" id="f-3680">3,016.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 63pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:SegregatedAssetsAtExchangesClearingHousesAndOtherCounterpartiesRecognised" format="ixt:num-dot-decimal" scale="6" id="f-3681">4,415.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 368.25pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="mar:SegregatedAssets" format="ixt:num-dot-decimal" scale="6" id="f-3682">9,100.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 421.5pt; position: var(--position); top: 89.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 4.64pt;"></span></span><span style="left: 7.27pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:SegregatedAssets" format="ixt:num-dot-decimal" scale="6" id="f-3683">10,616.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></ix:nonNumeric></div><ix:continuation id="f-3675-1" continuedAt="f-3675-2"><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 575.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">1.<span style="display: inline-block; height: 4.36pt; width: 3.51pt;"></span></span><span style="left: 80.5pt; position: var(--position);"> Under the UK FCA&#8217;s client money rules, certain monies are protected, segregating these monies from the Group&#8217;s own money. This applies to client money placed within <span style="display: inline-block; height: 4.36pt;"></span></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 582.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;">segregated bank accounts but also for client money placed at exchanges where the money is held in segregated bank accounts. The same cannot be said to apply under the <span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 590pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3675-2">CFTC rules, thus driving the accounting treatment of derecognising segregated cash at exchanges in the UK compared to the US.</ix:continuation> <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 603.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As at 31 December 2024,<span style="display: inline-block; height: 7.28pt;"></span></span><span style="background-color: #ffffff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 213.67pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="background-color: inherit;"> </span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 216.44pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-3" decimals="-5" name="ifrs-full:CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" scale="6" id="f-3684">173.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 255.34pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 289.22pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" scale="6" id="f-3685">197.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.12pt; position: var(--position); text-decoration: none; white-space: pre;">) of excess Group cash placed in segregated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 615.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">accounts to satisfy US regulations has been recorded within cash and cash equivalents and client <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 627.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">liabilities within trade and other payables in the statement of financial position.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 645.2pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1477"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 645.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEarningsPerShareExplanatory" id="f-3686" continuedAt="f-3686-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">33&#160; &#160; &#160; Earnings Per Share<span style="display: inline-block; height: 8pt;"></span><span id="i2c50114448fe4e289c8a5b8fe53f3541"></span></span></ix:nonNumeric></div><ix:continuation id="f-3686-1" continuedAt="f-3686-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 668.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Basic earnings per share is calculated by dividing the profit attributable to the ordinary shareholders <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 680.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the Group for the year by&#160;the weighted average number of ordinary shares outstanding during the year.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 698.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 710.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(after adjusting for the impact of AT1 securities dividends) by the weighted average number of ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">289<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-3686-2" continuedAt="f-3686-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:EarningsPerShareExplanatory" id="f-3687" continuedAt="f-3687-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; letter-spacing: -0.01em; position: var(--position); text-decoration: none; white-space: pre;">The following table reflects the income and share data used in the basic and diluted EPS calculations:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3687-1"><div style="position: var(--position); top: 120pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 471pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 269.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 65.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 0pt; width: 65.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 47.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 11.25pt; width: 65.25pt;"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.01pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 59.010000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 11.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.01pt; position: var(--position); text-decoration: none; white-space: pre;">Restated<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6.5pt; font-style: normal; font-weight: normal; left: 59.010000000000005pt; position: var(--position); text-decoration: none; top: -2.548pt; vertical-align: super; white-space: pre;">1<span style="display: inline-block; height: 4.732pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit before tax ($m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 25.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3688">295.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 25.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3689">196.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 25.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3690">121.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax ($m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 39.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.76pt;"></span></span><span style="left: 38.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3691">77.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 39.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.76pt;"></span></span><span style="left: 38.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3692">55.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 39.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.76pt;"></span></span><span style="left: 38.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3693">23.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit after tax ($m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-3694">218.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-3695">141.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 54pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-3696">98.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">AT1 dividends paid ($m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 68.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 35.76pt;"></span></span><span style="left: 38.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:AdjustmentsToProfitLossForInterestAndDividendsOnEquityInstrumentsOtherThanPreferenceSharesAndParticipatingEquityInstruments" scale="6" id="f-3697">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 68.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 39.84pt; position: var(--position); text-decoration: none; white-space: pre;">-<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:AdjustmentsToProfitLossForInterestAndDividendsOnEquityInstrumentsOtherThanPreferenceSharesAndParticipatingEquityInstruments" scale="6" id="f-3698">13.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 68.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 41.32pt;"></span></span><span style="left: 43.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:AdjustmentsToProfitLossForInterestAndDividendsOnEquityInstrumentsOtherThanPreferenceSharesAndParticipatingEquityInstruments" scale="6" id="f-3699">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 82.5pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Profit attributable to ordinary shareholders of the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Group ($m)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 82.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" scale="6" id="f-3700">204.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 82.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.53pt;"></span></span><span style="left: 36.160000000000004pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" scale="6" id="f-3701">128.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 82.5pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" scale="6" id="f-3702">91.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108.75pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighted average number of ordinary shares during <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 108.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.52pt;"></span></span><span style="left: 11.149999999999999pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3703">69,231,625</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 108.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3704">66,018,514</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 108.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3705">66,051,966</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 135pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Basic earnings per share ($)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 135pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-3706">2.96</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 135pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-3707">1.94</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 135pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-3708">1.39</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 149.25pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighted average number of ordinary shares for basic <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">EPS<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 149.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.52pt;"></span></span><span style="left: 11.149999999999999pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3709">69,231,625</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 149.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3710">66,018,514</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 149.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3711">66,051,966</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 175.5pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Effect of dilution from:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 189.75pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share schemes<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 189.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.08pt;"></span></span><span style="left: 16.71pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-3712">6,047,829</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 189.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.08pt;"></span></span><span style="left: 16.71pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-3713">4,304,953</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 189.75pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.08pt;"></span></span><span style="left: 16.71pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-3714">1,518,855</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 204pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighted average number of ordinary shares adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">for the effect of dilution<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 204pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 8.52pt;"></span></span><span style="left: 11.149999999999999pt; position: var(--position);"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3715">75,279,454</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 204pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3716">70,323,467</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 204pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 15.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-3717">67,570,821</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 230.25pt; width: 269.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 269.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Diluted earnings per share ($)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 269.25pt; position: var(--position); top: 230.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-3718">2.72</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 337.5pt; position: var(--position); top: 230.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-3719">1.82</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 405.75pt; position: var(--position); top: 230.25pt; width: 65.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 65.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 39.09pt;"></span></span><span style="left: 41.720000000000006pt; position: var(--position);"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-3720">1.36</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 369.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 72pt; position: var(--position);">*1.<span style="display: inline-block; height: 4.36pt; width: 1.18pt;"></span></span><span style="left: 80.5pt; position: var(--position);">The comparative weighted average number of ordinary shares has been restated to reflect the share capital reorganisation. This resulted in the weighted average number of <span style="display: inline-block; height: 4.36pt;"></span></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 376.7pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;">shares outstanding decreasing, impacting the calculation of basic and diluted earnings per share. On 25th April a series of share capital reorganisation steps were <span style="display: inline-block; height: 4.36pt;"></span></span></div><div style="font-size: 12pt; line-height: 6pt; position: var(--position); top: 383.9pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 80.5pt; position: var(--position); text-decoration: none; white-space: pre;">undertaken to&#160;re-denominate the share capital prior to the completion of the IPO. Refer to Note <span style="display: inline-block; height: 4.36pt;"></span></span><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 333.03pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_1413">26</a><span style="display: inline-block; height: 4.36pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 6pt; font-style: normal; font-weight: normal; left: 339.69pt; position: var(--position); text-decoration: none; white-space: pre;"> for more detail on the share capital reorganisation.<span style="display: inline-block; height: 4.36pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There have been <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 178.69pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 189.81pt; position: var(--position); text-decoration: none; white-space: pre;"> other transactions involving ordinary shares or potential ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.1pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3686-3">between the reporting date and the date of authorisation of these financial statements.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 427.1pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1495"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 427.1pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfRelatedPartyExplanatory" id="f-3721" continuedAt="f-3721-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">34&#160; &#160; &#160; Related Party Transactions<span style="display: inline-block; height: 8pt;"></span><span id="i532bd3d74b1649a08f0b28b48323137b"></span></span></ix:nonNumeric></div><ix:continuation id="f-3721-1" continuedAt="f-3721-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Parent<span style="display: inline-block; height: 7.28pt;"></span><span id="ifc5add767af346aaae6a1d7846a0b5df"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 468.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group comprises Marex Group plc and its subsidiaries. Subsidiaries refers to the entities <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">controlled by the Company<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 190.15pt; position: var(--position); text-decoration: none; white-space: pre;">. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 498.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Key management personnel<span style="display: inline-block; height: 7.28pt;"></span><span id="i9702f117a8d440d2a4a0d57b0592f649"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 516.3pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" id="f-3722" continuedAt="f-3722-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The remuneration paid to key management personnel for their services to the Group was as <span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3722-1"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 528.3pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: var(--position); top: 546.3pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Aggregate wages and salaries<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mar:KeyManagementPersonnelCompensationWagesAndSalaries" scale="6" id="f-3723">54.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mar:KeyManagementPersonnelCompensationWagesAndSalaries" scale="6" id="f-3724">46.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="mar:KeyManagementPersonnelCompensationWagesAndSalaries" scale="6" id="f-3725">47.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Short-term monetary benefits<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" scale="6" id="f-3726">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" scale="6" id="f-3727">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" scale="6" id="f-3728">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Defined contribution pension cost<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" scale="6" id="f-3729">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" scale="6" id="f-3730">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" scale="6" id="f-3731">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Management Incentive plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" scale="6" id="f-3732">22.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" scale="6" id="f-3733">16.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" scale="6" id="f-3734">12.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensation" scale="6" id="f-3735">77.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensation" scale="6" id="f-3736">63.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="ifrs-full:KeyManagementPersonnelCompensation" scale="6" id="f-3737">60.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">290<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-3721-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Key management personnel transactions<span style="display: inline-block; height: 7.28pt;"></span><span id="id39f8b9aed5c41d487ef6b645e50dc2c"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In May 2024<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 155.35pt; position: var(--position); text-decoration: none; white-space: pre;">, the Employee Benefit Trust acquired the beneficial interest in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 432.49pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1229" decimals="INF" name="mar:KeyManagementPersonnelCompensationShareBasedPaymentSharesWithheldForTaxWithholdingObligation" format="ixt:num-dot-decimal" scale="0" id="f-3738">124,568</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 468.62pt; position: var(--position); text-decoration: none; white-space: pre;"> shares from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 102pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">key management personnel to&#160;facilitate tax withholding payments relating to the vesting of shares under <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Company's Deferred Benefit Plans. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(d) Transactions with entities having significant influence over the Group<span style="display: inline-block; height: 7.28pt;"></span><span id="i36af27f2bfbf4db0af545b96ba0d7cca"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Balances and transactions between the Company and its subsidiaries which are related parties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 162pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">have been eliminated on consolidation and are not disclosed in this note.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Shareholders&#8217; Agreement which the Company entered into on 20 October 2020 with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited, Ocean Ring Jersey Co. Limited and Ocean Trade Lux Co S.A.R.L. (referred to as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 204pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8216;2020 Shareholders&#8217; Agreement&#8217;), meant that the Group paid a management <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 411.05pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1230" decimals="3" name="mar:ManagementFeesRelatedPartyTransactionsPercentage" scale="-2" id="f-3739">2.5</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 433.83pt; position: var(--position); text-decoration: none; white-space: pre;"> of EBITDA each year <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 216pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to a party associated with the ultimate parent company for services provided. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 413.97pt; position: var(--position); text-decoration: none; white-space: pre;">This resulted in the Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 228pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">having paid <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 125.9pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1231" decimals="-5" name="ifrs-full:SettlementOfLiabilitiesOnBehalfOfEntityByRelatedPartyRelatedPartyTransactions" scale="6" id="f-3740">2.4</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.68pt; position: var(--position); text-decoration: none; white-space: pre;"> (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 187.56pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1232" decimals="-5" name="ifrs-full:SettlementOfLiabilitiesOnBehalfOfEntityByRelatedPartyRelatedPartyTransactions" scale="6" id="f-3741">6.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.34pt; position: var(--position); text-decoration: none; white-space: pre;">) recorded in other expenses. As at 31 December 2024, there were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 513.64pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1233" decimals="-5" name="ifrs-full:AmountsPayableRelatedPartyTransactions" format="ixt:fixed-zero" scale="0" id="f-3742">no</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 524.76pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 240pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outstanding payable balances (2023: <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 238.14pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-1234" decimals="-5" name="ifrs-full:AmountsPayableRelatedPartyTransactions" scale="6" id="f-3743">1.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 265.91999999999996pt; position: var(--position); text-decoration: none; white-space: pre;">) recorded within trade and other payables. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Following the Company's successful initial public offering on 25 April 2024, the 2020 Shareholders' <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Agreement was terminated and a new Shareholders Agreement came into effect between the Company, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 282pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited, JRJ Investor 1 Limited Partnership and MASP Investor Limited Partnership (the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 294pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">'2024 Shareholders Agreement'). Amongst other matters, the 2024 Shareholders' Agreement afforded <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 306pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited the right to appoint up to <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 270.83000000000004pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="nominee" contextRef="c-1235" decimals="INF" name="mar:NumberOfNomineeDirectorsRelatedPartyTransactions" format="ixt-sec:numwordsen" scale="0" id="f-3744">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 286.38pt; position: var(--position); text-decoration: none; white-space: pre;"> nominee directors to the Board of Marex Group plc, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 318pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">subject to certain shareholding thresholds being met. The 2024 Shareholders Agreement did not include <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 330pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the payment of any management fees. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 348pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to the IPO, the Group's related parties comprised its private equity investors Ocean Ring <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 360pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Jersey Co. Limited, MASP Investor Limited Partnership, and Amphitryon Limited, together with their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 372pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">holding or controlling entities. Following completion of&#160;the IPO, Ocean Ring Jersey Co. Limited and MASP <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 384pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investor Limited Partnership (and their holding or controlling entities) ceased to be related parties as their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 396pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ownership fell below <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 164.76999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1235" decimals="INF" name="mar:OwnershipPercentageRelatedPartyTransactions" scale="-2" id="f-3745">20</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 184.78pt; position: var(--position); text-decoration: none; white-space: pre;">. Amphitryon Limited and its holding or controlling entities remained related <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 408pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">parties post-IPO by virtue of their ownership greater than <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 325.81pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1235" decimals="INF" name="mar:OwnershipPercentageRelatedPartyTransactions" scale="-2" id="f-3746">20</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.82pt; position: var(--position); text-decoration: none; white-space: pre;">, and by their board representation (as <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 420pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">noted above). <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 438pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Amphitryon Limited and its holding or controlling entities continued to be considered related parties <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 450pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">following a further sale of&#160;shares in October 2024 (despite their ownership falling below <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 459.16pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="number" contextRef="c-1235" decimals="INF" name="mar:OwnershipPercentageRelatedPartyTransactions" scale="-2" id="f-3747">20</ix:nonFraction>%<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 479.17pt; position: var(--position); text-decoration: none; white-space: pre;">) due to their <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 462pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Board representation. This remained the position as at 31 December 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 480pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">There were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 153.67pt; position: var(--position); text-decoration: none; white-space: pre;">no<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 164.79pt; position: var(--position); text-decoration: none; white-space: pre;"> other transactions during the period or assets and liabilities outstanding as at 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 492pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024 (2023: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 182.57pt; position: var(--position); text-decoration: none; white-space: pre;">nil<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.57pt; position: var(--position); text-decoration: none; white-space: pre;">) with other related parties.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">291<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1504"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory" id="f-3748" continuedAt="f-3748-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">35&#160; &#160; &#160; Share-based payments<span style="display: inline-block; height: 8pt;"></span><span id="i2e2a6db5ba094a6688b1b57c569db111"></span></span></ix:nonNumeric></div><ix:continuation id="f-3748-1" continuedAt="f-3748-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 113.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the IPO, in April 2024, the Group adopted the Global Omnibus Plan, which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 125.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">provides for the grant of share options, including incentive share options, conditional awards, restricted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 137.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares, share appreciation rights or any other share- or&#160;cash-based awards to eligible employees and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 149.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">non-employees. New awards are all granted within the terms of this plan.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 167.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group operates <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.56pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="scheme" contextRef="c-3" decimals="INF" name="mar:NumberOfEquitySettledShareBasedPaymentArrangements" format="ixt-sec:numwordsen" scale="0" id="f-3749">three</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 215.33999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"> equity-settled share-based remuneration schemes for Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 179.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Directors and senior management. These are a deferred bonus plan, a retention long term incentive plan <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 191.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and an annual long term incentive plan. In addition there have been <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 373.11pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="scheme" contextRef="c-3" decimals="INF" name="mar:NumberOfNewEquitySettledShareBasedPaymentArrangements" format="ixt-sec:numwordsen" scale="0" id="f-3750">two</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.66pt; position: var(--position); text-decoration: none; white-space: pre;"> new share-based payment <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 203.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">schemes in 2024, the all employee award and a non executive directors' award. All are United Kingdom <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 215.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">tax authority unapproved schemes. The cost of the service is calculated by reference to the fair value of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 227.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">shares at the grant date, the number of shares expected to vest under the schemes and the probability <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 239.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">that the performance and the service conditions will be met. The cost of the service is recognised in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 251.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">income statement over the period that the recipient provides service and there is a shared understanding <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 263.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of the terms and conditions of the arrangement. The recipient to&#160;whom these awards were granted must <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 275.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">not depart from the Group, and such an action would require a forfeiture of some or&#160;all of the award <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">depending on the conditions under which the employee were to leave.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 381.46pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 305.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Bonus Plan<span style="display: inline-block; height: 7.28pt;"></span><span id="ic315584e061b401390aa806d102166ee"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Members of the scheme are awarded a fixed number of non-voting ordinary shares vesting in <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 514.76pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="tranche" contextRef="c-1236" decimals="INF" name="mar:NumberOfEquitySettledShareBasedPaymentArrangementTranches" format="ixt-sec:numwordsen" scale="0" id="f-3751">three</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 537.54pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 335.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equal tranches over the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 179.22pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1237" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:durwordsen" id="f-3752">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 229.22pt; position: var(--position); text-decoration: none; white-space: pre;"> following the date of grant. As the awards are based on the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 347.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">employees&#8217; annual performance, the fair value has been expensed from the beginning of the year for <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 359.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">which the bonus had been awarded. Prior to the IPO, the fair value of a share award at grant date was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 371.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the final price approved by the Remuneration Committee and determined based on a multiple of earnings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 383.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as at grant date with reference to comparable peer companies. Post IPO, the fair value of a share award <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 395.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is based on the Group's quoted share price at the date of the grant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Retention Long Term Incentive Plan<span style="display: inline-block; height: 7.28pt;"></span><span id="id6fea3e328594d46b049ea8202505d45"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 431.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Members of the scheme are awarded a variable number of non-voting ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 483.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1238" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:durwordsen" id="f-3753">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 533.67pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">after the grant date. The number of shares awarded is determined by reference to a hurdle return on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 455.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">equity of the Group and to growth targets for the profit after tax of the Group over the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 448.51pt; position: var(--position); text-decoration: none; white-space: pre;"><span style="-sec-ix-hidden:f-3754">three</span><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 471.29pt; position: var(--position); text-decoration: none; white-space: pre;">-year period. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 467.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Prior to the IPO, the fair value of a share award at grant date was the final price approved by the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Remuneration Committee and determined based on a multiple of earnings as at grant date with reference <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to comparable peer companies. Post IPO, the fair value of a share award is based on the Group's quoted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share price&#160;at the date of the grant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 521.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Long Term Incentive Plan<span style="display: inline-block; height: 7.28pt;"></span><span id="i5e33d83234124afc9224c21a9e670655"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 539.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Members of the scheme are awarded a variable number of non-voting ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 483.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1239" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:durwordsen" id="f-3755">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 533.67pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 551.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">after the grant date. The number of shares awarded is determined by reference to financial underpins; the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 563.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">first is a hurdle return on equity of the Group and the second underpin is growth targets for the adjusted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 575.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">profit before tax over the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 183.07pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1239" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:duryear" id="f-3756">3</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 188.63pt; position: var(--position); text-decoration: none; white-space: pre;">-year period. Prior to the IPO, the fair value of a share award at grant date was <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 587.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the final price approved by the Remuneration Committee and determined based on a&#160;multiple of earnings <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 599.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">as at grant date with reference to comparable peer companies. Post IPO, the fair value of a share award <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 611.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">is based on the Group's quoted share price at the date of the grant. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 629.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">All Employee Award<span style="display: inline-block; height: 7.28pt;"></span><span id="if071c23435874f95bdf5496347307733"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 647.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As part of the IPO, members of the scheme have been awarded a fixed number of non-voting <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 659.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">ordinary shares which vest <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 193.1pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1240" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:durwordsen" id="f-3757">three years</ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 243.1pt; position: var(--position); text-decoration: none; white-space: pre;"> after the grant date. The fair value of a share award is based on <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 671.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group's quoted share price at grant date.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">292<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><ix:continuation id="f-3748-2" continuedAt="f-3748-3"><div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 90pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors' Award<span style="display: inline-block; height: 7.28pt;"></span><span id="if2db9ca855b544dcbd614e9cb09bd9e6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Members of the scheme are awarded a fixed number of non-voting ordinary shares which vest <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 519.2pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonNumeric contextRef="c-1241" name="mar:VestingRequirementsForShareBasedPaymentArrangementVestingPeriod" format="ixt-sec:durwordsen" id="f-3758" continuedAt="f-3758-1">one </ix:nonNumeric><span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 120pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3758-1">year</ix:continuation><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 91.45pt; position: var(--position); text-decoration: none; white-space: pre;"> after the grant date. The fair value of a share award is based on the Group's quoted share price at <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 132pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">grant date.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 150pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss" id="f-3759" continuedAt="f-3759-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">The charge for the year arising from share-based payment schemes was as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3759-1"><div style="position: var(--position); top: 168pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 364.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred Bonus Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1237" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3760">20.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1242" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3761">13.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Retention Long Term Incentive Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1238" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3762">4.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1243" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3763">4.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Annual Long Term Incentive Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1239" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3764">4.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1244" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3765">2.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">All Employee Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1240" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3766">0.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1245" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" format="ixt:fixed-zero" scale="6" id="f-3767">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-Executive Directors' Plan<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1241" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3768">0.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1246" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" format="ixt:fixed-zero" scale="6" id="f-3769">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 364.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 364.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total equity-settled share-based payments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3770">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" scale="6" id="f-3771">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 287pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" id="f-3772" continuedAt="f-3772-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Movement on share awards<span style="display: inline-block; height: 7.28pt;"></span><span id="i175b602d3405417683508e0a06966b6b"></span></span></ix:nonNumeric></div><ix:continuation id="f-3772-1" continuedAt="f-3772-2"><div style="position: var(--position); top: 299pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 331.5pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 66.75pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 66.75pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 0pt; width: 66.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 48.56pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 0pt; width: 66.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 48.56pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 11.25pt; width: 66.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.7pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 11.25pt; width: 66.75pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.7pt; position: var(--position); text-decoration: none; white-space: pre;">Number<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding at the beginning of the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 22.5pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1247" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3773">8,621,240</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 22.5pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1248" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3774">5,835,142</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Reverse Share Split<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 36.75pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 13pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-1249" decimals="INF" sign="-" name="mar:NumberOfShareOptionsConsolidatedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3775">4,316,287</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 36.75pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 58.56pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1250" decimals="INF" name="mar:NumberOfShareOptionsConsolidatedInShareBasedPaymentArrangement" scale="0" id="f-3776">0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Granted during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 51pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1249" decimals="INF" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" format="ixt:num-dot-decimal" scale="0" id="f-3777">2,256,357</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 51pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1250" decimals="INF" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" format="ixt:num-dot-decimal" scale="0" id="f-3778">3,067,596</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Vested during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 65.25pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 21.33pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-1249" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3779">496,240</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 65.25pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 21.33pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-1250" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3780">281,498</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Forfeited during the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 79.5pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 26.89pt; position: var(--position); text-decoration: none; white-space: pre;">(<ix:nonFraction unitRef="shares" contextRef="c-1249" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3781">17,241</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 79.5pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54.12pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1250" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" format="ixt:fixed-zero" scale="0" id="f-3782">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Outstanding at the end of the year<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 93.75pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1251" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3783">6,047,829</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 93.75pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 19.66pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1247" decimals="INF" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-3784">8,621,240</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 331.5pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 331.5pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Weighted average fair value of awards granted ($)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 331.5pt; position: var(--position); top: 108pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 44.67pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1249" decimals="1" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" scale="0" id="f-3785">18.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 401.25pt; position: var(--position); top: 108pt; width: 66.75pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 66.75pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 50.23pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1250" decimals="1" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" scale="0" id="f-3786">6.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 439.45pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In connection with the IPO, steps were taken to reorganise share capital resulting in the reverse <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 451.45pt; width: 612pt;"><ix:continuation id="f-3772-2" continuedAt="f-3772-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share split. Further detail is provided in note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 268.61pt; position: var(--position); text-decoration: none; white-space: pre;">28<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 279.73pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3772-3"> 'Share Capital'.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 482.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Previous share-based payment schemes<span style="display: inline-block; height: 7.28pt;"></span><span id="i0c668280a9aa40d29f5b05a63207cdcb"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 500.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">In addition to the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 176.99pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="scheme" contextRef="c-3" decimals="INF" name="mar:NumberOfActiveEquitySettledShareBasedPaymentArrangements" format="ixt-sec:numwordsen" scale="0" id="f-3787">five</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 192.54pt; position: var(--position); text-decoration: none; white-space: pre;"> equity-settled share-based remuneration schemes currently active and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 512.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">outlined above, there were a number of share based remuneration schemes which had been granted <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 524.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">historically. The instruments issued under those plans included growth shares, nil cost options, growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 536.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">share options and warrants. The settlement event for these instruments was the liquidity event which <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 548.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">occurred on 25 April 2024. All of those outstanding instruments were settled in exchange for a number of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 560.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Group&#8217;s ordinary shares and deferred shares. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 578.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">As the IPO was a liquidity event, the following transactions took place:<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 596.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">All the holders of the growth shares issued under the series granted in 2010, 2011 and 2015 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 608.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">elected for them to be redeemed in non-voting ordinary shares instead of cash and hence <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 620.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1252" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3788">10,842,848</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 156.04pt; position: var(--position); text-decoration: none; white-space: pre;"> growth shares were converted into <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 314.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1253" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3789">6,789,719</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 358.81pt; position: var(--position); text-decoration: none; white-space: pre;"> non-voting ordinary shares and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 632.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1254" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3790">4,450,577</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.48pt; position: var(--position); text-decoration: none; white-space: pre;"> deferred shares.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 226.03pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 650.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The growth shares awarded under the series granted in 2016, 2019 and 2020 vested.&#160; All the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 662.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">holders of these growth shares elected for the awards to be settled in shares instead of cash and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 674.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">hence <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.03pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1255" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3791">14,050,000</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 186.05pt; position: var(--position); text-decoration: none; white-space: pre;"> growth shares were converted into <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 344.36pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1256" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3792">8,236,326</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 388.82pt; position: var(--position); text-decoration: none; white-space: pre;"> non-voting ordinary shares and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 686.65pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1257" decimals="INF" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" format="ixt:num-dot-decimal" scale="0" id="f-3793">5,398,810</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 150.48pt; position: var(--position); text-decoration: none; white-space: pre;"> deferred shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></ix:continuation></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">293<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-3748-3"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The 2010 growth options were settled through the issuance of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 382.09999999999997pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1258" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-3794">185,894</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 418.22999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> newly issued Growth <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 84pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">Shares which in turn was settled with the allocation of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 345.39pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1259" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-3795">122,810</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 381.52pt; position: var(--position); text-decoration: none; white-space: pre;"> non-voting ordinary shares and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 96pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1260" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-3796">80,500</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.59pt; position: var(--position); text-decoration: none; white-space: pre;"> deferred shares.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 114pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">All<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 117.11999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> the <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 136.55pt; position: var(--position); text-decoration: none; white-space: pre;">nil<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 146.55pt; position: var(--position); text-decoration: none; white-space: pre;"> cost options were exercised and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 294.87pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1259" decimals="INF" name="mar:IssueOfEquitySharesTransferred" format="ixt:num-dot-decimal" scale="0" id="f-3797">592,536</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 331pt; position: var(--position); text-decoration: none; white-space: pre;"> previously issued non-voting ordinary shares <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 126pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">were transferred to the holders of the options. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 144pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 97.52pt; position: var(--position); text-decoration: none; white-space: pre;">&#8226;<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">The warrants<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 164.34pt; position: var(--position); text-decoration: none; white-space: pre;"> granted in 2012 were exercised and <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 328.79pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1261" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-3798">875,171</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 364.91999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> non-voting ordinary shares were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 156pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">issued.&#160; The warrants granted in 2019 on <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 290.26pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1262" decimals="INF" name="mar:IssueOfEquitySharesTerminated" format="ixt:num-dot-decimal" scale="0" id="f-3799">268,282</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 326.39pt; position: var(--position); text-decoration: none; white-space: pre;"> non-voting ordinary shares were terminated <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 168pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">and instead, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 163.24pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1263" decimals="INF" name="mar:IssueOfEquitySharesToBeIssued" format="ixt:num-dot-decimal" scale="0" id="f-3800">142,709</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 199.37pt; position: var(--position); text-decoration: none; white-space: pre;"> ordinary shares will be issued on or shortly following the twelve-month <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 180pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">anniversary of the completion date of our IPO. This award remains outstanding as of 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 192pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 106.02pt; position: var(--position); text-decoration: none; white-space: pre;">December 2024.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 210pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">All<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 111.44999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> of the non-voting ordinary shares of the Company were then reclassified as ordinary shares by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 222pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">way of redesignation. Subsequently, in satisfaction of the dividend entitlement associated with 2016, 2019 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 234pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and 2020 growth share awards, <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 214.78pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="shares" contextRef="c-1264" decimals="INF" name="mar:IssueOfEquityShares" format="ixt:num-dot-decimal" scale="0" id="f-3801">2,039,124</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 259.24pt; position: var(--position); text-decoration: none; white-space: pre;"> ordinary shares were issued. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 392.01pt; position: var(--position); text-decoration: none; white-space: pre;">All<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 403.11pt; position: var(--position); text-decoration: none; white-space: pre;"> other instruments issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 246pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">under the previous share-based remuneration plans have been settled. All the above transactions were <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 258pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">settled immediately prior to the IPO and subsequently subject to reverse ordinary share split. See note <span style="display: inline-block; height: 7.28pt;"></span></span><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 526.3399999999999pt; position: var(--position); text-decoration: none; white-space: pre;">29<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 537.46pt; position: var(--position); text-decoration: none; white-space: pre;"> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 270pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">for further information.<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 288pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1513"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 288pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfNatureAmountAndCorrectionOfAccountingErrorsInPriorPeriodsEstimate" id="f-3802" continuedAt="f-3802-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">36&#160; &#160; &#160; Restatement<span style="display: inline-block; height: 8pt;"></span><span id="iec81933de4024b4a894eb1bdb8a28587"></span></span></ix:nonNumeric></div><ix:continuation id="f-3802-1" continuedAt="f-3802-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 311.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group restated the consolidated statement of financial position as of 31 December 2023 to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 323.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">correct errors as follows.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 341.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group evaluated the materiality of the misstatements outlined below in accordance with Staff <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 353.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Accounting Bulletin (&#8220;SAB&#8221;) No. 99, Materiality, and SAB No. 108, considering both qualitative and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 365.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">quantitative factors. The Group determined the misstatement in the consolidated statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position as at 31 December 2023 and 2022, and each of the three years in the period ended 31 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">December 2023 (the &#8220;2023 Consolidated Financial Statements&#8221;)&#160; was immaterial and did not require <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">restatement of the previously issued 2023 Consolidated Financial Statements. The correction of this error <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">did not change the total assets and does not impact the consolidated income statement, statements of <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">comprehensive income, cash flows or of changes in equity.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 443.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Restatement of consolidated statement of financial position as of 31 December 2023<span style="display: inline-block; height: 7.28pt;"></span><span id="i4031dd04fd9349b49e550e56641632b6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 461.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Presentation of derivative instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="i6c0aa87a5cec4d27a37e95953042a23d"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 479.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">During the preparation of these financial statements, the Group noted an error in the presentation <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 491.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">of derivative instruments on&#160;the statement of financial position as at 31 December 2023. The Group <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 503.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">presented certain legs of derivative instruments separately within derivative instruments assets and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 515.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">derivative instruments liabilities; however they should have been presented as one unit of account. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 533.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group determined the misstatement in the consolidated financial position as at 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 545.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023 included in the consolidated statement of financial position as at 31 December 2023 in the 2023 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 557.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group Annual Report was immaterial and did not require restatement of the previously issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 569.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">consolidated financial statements.&#160; The error did not impact the consolidated income statement, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 581.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">statements of comprehensive income, changes in equity, and cash flows included in the previously issued <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 593.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023 Consolidated Financial Statements. <span style="display: inline-block; height: 7.28pt;"></span></span><ix:nonNumeric contextRef="c-1" name="mar:DisclosureOfDetailedInformationAboutChangesInAccountingErrorsTableTextBlock" id="f-3803" continuedAt="f-3803-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 256.8pt; position: var(--position); text-decoration: none; white-space: pre;">The restatement is summarised in the table below.<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3803-1" continuedAt="f-3803-2"><div style="position: var(--position); top: 611.2pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 288pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 6.92pt; position: var(--position); text-decoration: none; white-space: pre;">As reported<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 7.93pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustment<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 8.41pt; position: var(--position); text-decoration: none; white-space: pre;">As restated<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 288pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">31 December 2023<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 12.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 44.37pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 12.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 44.37pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 12.75pt; width: 60pt;"><div><div style="line-height: 9pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 9pt; font-style: normal; font-weight: bold; left: 44.37pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 6.55pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments - assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3804">794.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3805">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 25.5pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3806">655.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 39.75pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-3807">17,074.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:CurrentAssets" scale="6" id="f-3808">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 39.75pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-3809">16,936.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 54pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3810">17,750.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:Assets" scale="6" id="f-3811">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 54pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3812">17,611.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 68.25pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments - liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3813">540.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3814">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 68.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 28.28pt;"></span></span><span style="left: 30.91pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3815">402.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">294<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><ix:continuation id="f-3802-2" continuedAt="f-3802-3"><ix:continuation id="f-3803-2" continuedAt="f-3803-3"><div style="position: var(--position); top: 72pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 288pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 60pt;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3816">16,023.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3817">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 0pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3818">15,884.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 14.25pt; width: 288pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 288pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 288pt; position: var(--position); top: 14.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1265" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-3819">16,974.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 348pt; position: var(--position); top: 14.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.95pt;"></span></span><span style="left: 27.58pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1266" decimals="-5" sign="-" name="ifrs-full:Liabilities" scale="6" id="f-3820">138.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 408pt; position: var(--position); top: 14.25pt; width: 60pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 60pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 14.39pt;"></span></span><span style="left: 17.02pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-3821">16,835.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 129pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3803-3">There was no impact as at 1 January 2023 arising from this restatement.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 147pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Presentation of equity instruments<span style="display: inline-block; height: 7.28pt;"></span><span id="ib4edcad06fa04bf783af03df83ad0da6"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 164.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group noted an error in the presentation of equity instruments on the statement of financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 176.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">position as at 31 December 2023 and as at 31 December 2022. The Group should present certain equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 188.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments that are pledged with the Options Clearing Corporation (&#8216;OCC&#8217;), and that can be repledged by <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 200.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the OCC, separately from other unpledged equity instruments in accordance with IFRS 9 Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 212.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Instruments. As restated, equity instruments (pledged as collateral) is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 380.25pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:EquityInstrumentsHeldCollateralPledged" format="ixt:num-dot-decimal" scale="6" id="f-3822">1,331.7</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 427.48pt; position: var(--position); text-decoration: none; white-space: pre;">, and equity instruments <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 224.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(unpledged) is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 138.12pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="mar:EquityInstrumentsHeldCollateralUnpledged" scale="6" id="f-3823">189.6</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 177.01999999999998pt; position: var(--position); text-decoration: none; white-space: pre;"> as at 31 December 2023. As reported, equity instruments&#160; as at 31 December <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 236.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">2023 were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 121.45pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="ifrs-full:EquityInstrumentsHeld" format="ixt:num-dot-decimal" scale="6" id="f-3824">1,521.3</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 168.68pt; position: var(--position); text-decoration: none; white-space: pre;">. As at 1 January 2023, the impact of this adjustment was as follows; Equity <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 248.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">instruments (pledged as collateral) is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 237.53pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:EquityInstrumentsHeldCollateralPledged" scale="6" id="f-3825">241.1</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 276.43pt; position: var(--position); text-decoration: none; white-space: pre;">, and equity instruments (unpledged) is <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 451.41pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="mar:EquityInstrumentsHeldCollateralUnpledged" scale="6" id="f-3826">168.9</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 490.31pt; position: var(--position); text-decoration: none; white-space: pre;"> as at 1 <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 260.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">January 2023. Total equity instruments as at 1 January 2023 were <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 366.24pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-5" name="ifrs-full:EquityInstrumentsHeld" scale="6" id="f-3827">410.0</ix:nonFraction>m<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 405.14pt; position: var(--position); text-decoration: none; white-space: pre;">.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 278.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Changes in presentation<span style="display: inline-block; height: 7.28pt;"></span><span id="ib305e7ed9c2440fe9b78e56df104b65e"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 296.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The following changes in the comparative period in the consolidated statement of financial position <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 308.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and accompanying notes have been made in order to conform to the current period presentation. These <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 320.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">are voluntary changes in presentation to provide more useful information, and are not due to error. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 338.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">Fixed income securities are now presented separately in the statement of financial position owing <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 350.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">to their homogeneous nature, distinguishing them from Treasury instruments, where they were previously <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 362.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">presented.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 380.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">To present trade and other receivables and payables with a homogenous group of financial assets <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 392.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and liabilities, the Group reclassified amounts from the separate categories &#8220;Amounts due from <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 404.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">exchanges, clearing houses and other counterparties&#8221;, &#8220;Trade debtors&#8221;, &#8220;Default funds and deposits&#8221;, and <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 416.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">&#8220;Other debtors&#8221;, to be included within the categories &#8220;Amounts receivable from clients&#8221; and &#8220;Loans <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 428.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">receivable&#8221;; please see note 20 Trade and other receivables and note 31 Financial instruments. The <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 440.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group reclassified amounts from the separate categories &#8220;Amounts due to exchanges, clearing houses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 452.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">and other counterparties&#8221;, &#8220;Accruals&#8221;, &#8220;Other tax and social security taxes&#8221;, and &#8220;Other creditors&#8221;, to be <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 464.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">included within the categories &#8220;Amounts payable to clients&#8221; and &#8220;Trade payables&#8221;; please see note 24 <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 476.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3802-3">Trade and other payables and note 31 Financial instruments.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="position: absolute; top: 512.2pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1486"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 512.2pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory" id="f-3828" continuedAt="f-3828-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">37&#160; &#160; &#160; Events after the Balance Sheet Date<span style="display: inline-block; height: 8pt;"></span><span id="i55a33b87abe647a58d5c4e60eaea9183"></span></span></ix:nonNumeric></div><ix:continuation id="f-3828-1" continuedAt="f-3828-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 535.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) Interim dividend<span style="display: inline-block; height: 7.28pt;"></span><span id="ife09e28b8107436dbae78270c54c9319"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 553.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">The Group approved the payment of a dividend of <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 323.65999999999997pt; position: var(--position); text-decoration: none; white-space: pre;">$<ix:nonFraction unitRef="usdPerShare" contextRef="c-1267" decimals="2" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" scale="0" id="f-3829">0.14</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 348.66999999999996pt; position: var(--position); text-decoration: none; white-space: pre;"> per share to be paid on 31 March 2025, to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 565.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the shareholders on record at the close of business on 17 March 2025. <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 583.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) Acquisition of Aarna Capital Limited<span style="display: inline-block; height: 7.28pt;"></span><span id="ia5c5afe4e1e24e808ed5fb669fcb0e88"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 601.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 2 October 2024, the Group announced the acquisition of Aarna Capital Limited to strengthen <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 613.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">the Clearing business and expand operations in the Middle East. This strategic investment is expected to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 625.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">enhance the regional client footprint and service capabilities. Regulatory approvals are progressing with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 637.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">final due diligence, with completion expected in Q2 2025.<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 655.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Acquisition of Hamilton Court Group<span style="display: inline-block; height: 7.28pt;"></span><span id="i7229f29af7e540798db21622b328ef19"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 673.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 100.35pt; position: var(--position); text-decoration: none; white-space: pre;">On 9 October 2024, the Group announced that it had agreed terms to acquire Hamilton Court <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 685.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Group to expand the Group&#8217;s foreign exchange services. The acquisition is consistent with the strategy to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 697.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">bring in new clients and new capabilities onto its platform. The acquisition is progressing, with regulatory <span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 709.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:continuation id="f-3828-2">approvals and due diligence being completed and is expected to complete in Q2 2025.</ix:continuation> <span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">295<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1518"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory" id="f-3830" continuedAt="f-3830-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">38&#160;  Condensed Financial Information of Parent Company<span style="display: inline-block; height: 8pt;"></span><span id="i6b532e9d6a224b859bc4ed77e7d78e01"></span></span></ix:nonNumeric></div><ix:continuation id="f-3830-1" continuedAt="f-3830-2"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(a) <span style="display: inline-block; height: 7.28pt;"></span><span id="i854b90a6e68448b78bddf058f20be209"></span></span><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedIncomeStatementTableTextBlock" id="f-3831" continuedAt="f-3831-1" escape="true"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 86.99pt; position: var(--position); text-decoration: none; white-space: pre;">Condensed Income Statements for the year ended 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></ix:nonNumeric></div><ix:continuation id="f-3831-1"><div style="position: var(--position); top: 152.4pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 468pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-3832">56.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-3833">45.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:RevenueFromInterest" scale="6" id="f-3834">22.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Interest expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-3835">51.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-3836">35.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 36.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:InterestExpense" scale="6" id="f-3837">3.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net interest income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-3838">4.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-3839">10.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-3840">18.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 81pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Dividend income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 81pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-3841">34.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 81pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-3842">114.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 81pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-3843">5.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 111pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Expenses:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 125.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of investments in subsidiaries<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3844">24.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3845">8.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 125.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3846">32.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 139.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-3847">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-3848">1.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 139.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:OtherIncome" scale="6" id="f-3849">0.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 153.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other expenses<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-3850">42.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-3851">27.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 153.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:OtherExpenseByFunction" scale="6" id="f-3852">5.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 168pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Loss)/profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3853">25.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3854">91.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 168pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3855">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 182.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3856">0.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3857">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 182.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-3858">1.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 196.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Loss)/profit after tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:ProfitLoss" scale="6" id="f-3859">25.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:ProfitLoss" scale="6" id="f-3860">90.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 196.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:ProfitLoss" scale="6" id="f-3861">15.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 210.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other comprehensive loss<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 210.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-3862">8.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 210.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-3863">6.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 210.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-3864">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 225pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total comprehensive (loss)/income<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 311.25pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-3865">34.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 364.5pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-3866">84.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 417.75pt; position: var(--position); top: 225pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:ComprehensiveIncome" scale="6" id="f-3867">15.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">296<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_3746"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">38&#160;  Condensed Financial Information of Parent Company<span style="display: inline-block; height: 8pt;"></span><span id="i510b9f55396c4bcda50b58e201213023"></span></span></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 85.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(<span style="display: inline-block; height: 8pt;"></span><span id="i6154c7555710405db8d1ff5303a8450c"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 75.66pt; position: var(--position); text-decoration: none; white-space: pre;">continued)<span style="display: inline-block; height: 8pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(b) <span style="display: inline-block; height: 7.28pt;"></span><span id="iee45ea624793412388d94c1ba5b49958"></span></span><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedBalanceSheetTableTextBlock" id="f-3868" continuedAt="f-3868-1" escape="true"><ix:continuation id="f-3830-2" continuedAt="f-3830-3"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 87.53pt; position: var(--position); text-decoration: none; white-space: pre;">Condensed Statement of Financial Position as at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></ix:continuation></ix:nonNumeric></div><ix:continuation id="f-3868-1"><ix:continuation id="f-3830-3" continuedAt="f-3830-4"><div style="position: var(--position); top: 130.4pt; width: 612pt;"><div style="font-size: 0pt; left: 71.63pt; position: var(--position); top: 0pt; width: 468.75pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 312pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 51pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-3869">4.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 51pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:OtherNoncurrentFinancialAssets" scale="6" id="f-3870">3.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 65.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investments in subsidiaries<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:InvestmentsInSubsidiaries" scale="6" id="f-3871">612.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 65.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:InvestmentsInSubsidiaries" scale="6" id="f-3872">633.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 79.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Deferred tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-3873">5.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 79.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-3874">2.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 93.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Subordinated loans due from group undertakings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="mar:SubordinatedLoansDueFromUndertakings" scale="6" id="f-3875">68.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 93.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="mar:SubordinatedLoansDueFromUndertakings" scale="6" id="f-3876">59.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:NoncurrentAssets" scale="6" id="f-3877">690.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 108pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:NoncurrentAssets" scale="6" id="f-3878">699.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 138pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 152.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 152.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-3879">1,777.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 152.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:TradeAndOtherCurrentReceivables" format="ixt:num-dot-decimal" scale="6" id="f-3880">1,184.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 166.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 166.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3881">62.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 166.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialAssets" scale="6" id="f-3882">43.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 180.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-3883">389.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 180.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-3884">10.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 195pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-3885">2,229.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 195pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-3886">1,238.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 209.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3887">2,919.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 209.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3888">1,937.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 239.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 253.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 267.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" scale="6" id="f-3889">239.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 267.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:TradeAndOtherCurrentPayables" scale="6" id="f-3890">190.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 282pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3891">103.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 282pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentDerivativeFinancialLiabilities" scale="6" id="f-3892">29.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 296.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporation tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentTaxLiabilitiesCurrent" scale="6" id="f-3893">0.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 296.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentTaxLiabilitiesCurrent" format="ixt:fixed-zero" scale="6" id="f-3894">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 310.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-3895">835.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 310.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-3896">530.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 324.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 324.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3897">1,178.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 324.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3898">749.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 354.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Non-current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 369pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 369pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-3899">1,290.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 369pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:NoncurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-3900">708.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 383.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total non-current liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 383.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:NoncurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3901">1,290.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 383.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:NoncurrentLiabilities" scale="6" id="f-3902">708.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 397.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total liabilities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 397.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-3903">2,469.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 397.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-3904">1,457.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 411.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total net assets<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 411.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:NetAssetsLiabilities" scale="6" id="f-3905">449.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 2pt solid #000; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 411.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:NetAssetsLiabilities" scale="6" id="f-3906">480.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 15.75pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 2pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 441.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 456pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share capital<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 456pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:IssuedCapital" scale="6" id="f-3907">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 456pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:IssuedCapital" scale="6" id="f-3908">0.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 470.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share premium<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 470.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:SharePremium" scale="6" id="f-3909">202.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 470.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:SharePremium" scale="6" id="f-3910">134.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 484.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 484.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-3911">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 484.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-3912">97.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 498.75pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Retained earnings<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 498.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:RetainedEarnings" scale="6" id="f-3913">186.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 498.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:RetainedEarnings" scale="6" id="f-3914">264.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 513pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 513pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-3915">23.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 513pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:TreasuryShares" scale="6" id="f-3916">9.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 527.25pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other reserve<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 527.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" sign="-" name="ifrs-full:OtherReserves" scale="6" id="f-3917">14.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 527.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" sign="-" name="ifrs-full:OtherReserves" scale="6" id="f-3918">6.2</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 541.5pt; width: 312pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3.37pt; width: 312pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Total equity<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 365.25pt; position: var(--position); top: 541.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-3919">449.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 418.5pt; position: var(--position); top: 541.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:Equity" scale="6" id="f-3920">480.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">297<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1536"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">38&#160;  Condensed Financial Information of Parent Company<span style="display: inline-block; height: 8pt;"></span><span id="i3f3969535e134a04a9683cce4fe7921f"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 85.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(continued)<span style="display: inline-block; height: 8pt;"></span><span id="ia31ea474c3664f8f979227a659b9c0f1"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 108.4pt; width: 612pt;"><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedCashFlowStatementTableTextBlock" id="f-3921" continuedAt="f-3921-1" escape="true"><ix:continuation id="f-3830-4" continuedAt="f-3830-5"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(c) Condensed Statement of Cash Flows for the years ended 31 December<span style="display: inline-block; height: 7.28pt;"></span><span id="if7d9182eab9d44a096df7f58df17bd73"></span></span></ix:continuation></ix:nonNumeric></div><ix:continuation id="f-3921-1"><ix:continuation id="f-3830-5" continuedAt="f-3830-6"><div style="position: var(--position); top: 144.8pt; width: 612pt;"><div style="font-size: 0pt; left: 72pt; position: var(--position); top: 0pt; width: 471pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 311.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 3pt;"/><td colspan="1" rowspan="1" style="padding: 0; width: 50.25pt;"/></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 0pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 32.06pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 11.25pt;"><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 11.25pt; width: 50.25pt;"><div><div style="line-height: 7pt; position: var(--position); top: 3.19pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 7pt; font-style: normal; font-weight: bold; left: 37.51pt; position: var(--position); text-decoration: none; white-space: pre;">$m<span style="display: inline-block; height: 5.09pt;"></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 22.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Loss)/profit before tax<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3922">25.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3923">91.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 22.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-3924">13.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 26.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 36.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Adjustments to reconcile (loss)/profit before tax to net cash <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 15pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">flows:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 63pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Impairment of investments in subsidiaries<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 63pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3925">24.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 63pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3926">8.2</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 63pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInvestmentsInSubsidiaries" scale="6" id="f-3927">32.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 77.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Bargain purchase gain on acquisitions<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 77.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-3928">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 77.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-3929">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 77.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-3930">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 91.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Movement in fair value of derivative instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 91.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-3931">56.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 91.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-3932">17.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 91.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" scale="6" id="f-3933">2.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 105.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Share-based payment expense<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 105.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:AdjustmentsForSharebasedPayments" scale="6" id="f-3934">29.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 105.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:AdjustmentsForSharebasedPayments" scale="6" id="f-3935">20.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 105.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:AdjustmentsForSharebasedPayments" scale="6" id="f-3936">16.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 120pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Other revaluations<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" scale="6" id="f-3937">2.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" scale="6" id="f-3938">2.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 120pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:OtherAdjustmentsToReconcileProfitLoss" format="ixt:fixed-zero" scale="6" id="f-3939">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 134.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Operating cash flows before changes in working capital<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-3940">87.6</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-3941">99.3</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 134.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" scale="6" id="f-3942">38.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 9pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 157.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Working capital adjustments:<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 171.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in trade and other receivables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 171.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" scale="6" id="f-3943">581.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 171.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 6.87pt;"></span></span><span style="left: 9.5pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" format="ixt:num-dot-decimal" scale="6" id="f-3944">1,127.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 171.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 29.65pt;"></span></span><span style="left: 32.28pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" scale="6" id="f-3945">2.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 186pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase/(decrease) in trade and other payables<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 186pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" scale="6" id="f-3946">49.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 186pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" scale="6" id="f-3947">172.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 186pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" scale="6" id="f-3948">51.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 200.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in equity instruments<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 200.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" scale="6" id="f-3949">14.7</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 200.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" scale="6" id="f-3950">188.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 200.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:AdjustmentsForDecreaseIncreaseInEquityInstrumentsHeld" scale="6" id="f-3951">118.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 214.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" scale="6" id="f-3952">875.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 10.2pt;"></span></span><span style="left: 12.829999999999998pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-3953">1,170.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 214.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading" scale="6" id="f-3954">59.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 228.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash inflow/(outflow) from operating activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 228.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperations" scale="6" id="f-3955">415.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 228.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInOperations" scale="6" id="f-3956">219.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 228.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperations" scale="6" id="f-3957">34.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 243pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Corporation tax paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 243pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-3958">0.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 243pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-3959">0.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 243pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-3960">3.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 257.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash inflow/(outflow) from operating activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 257.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" scale="6" id="f-3961">415.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 257.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 15.2pt;"></span></span><span style="left: 17.83pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" scale="6" id="f-3962">220.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 257.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" scale="6" id="f-3963">30.4</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 9pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 280.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Investing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 294.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">(Increase)/decrease in subordinated loan receivable<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="mar:IncreaseDecreaseInSubordinatedLoanReceivableClassifiedAsInvestingActivities" scale="6" id="f-3964">8.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:IncreaseDecreaseInSubordinatedLoanReceivableClassifiedAsInvestingActivities" scale="6" id="f-3965">292.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 294.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="mar:IncreaseDecreaseInSubordinatedLoanReceivableClassifiedAsInvestingActivities" scale="6" id="f-3966">63.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 309pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash (outflow)/inflow from investing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-3967">8.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-3968">292.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 309pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-3969">63.5</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 8.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 331.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Financing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 345.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Proceeds from issuance of Additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 345.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-3970">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 345.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-3971">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 345.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:ProceedsFromIssueOfConvertibleInstruments" scale="6" id="f-3972">100.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 360pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Issuance costs of Additional Tier 1 capital (AT1)<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 360pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-3973">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 360pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-3974">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 360pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfConvertibleInstruments" scale="6" id="f-3975">2.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 374.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Repayment of Tier 2 debt securities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 374.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="6" id="f-3976">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 374.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" format="ixt:fixed-zero" scale="6" id="f-3977">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 374.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:RepaymentOfDebtSecuritiesClassifiedAsFinancingActivities" scale="6" id="f-3978">50.0</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 388.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Proceeds from issuance of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 388.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" scale="6" id="f-3979">73.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 388.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-3980">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 388.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:ProceedsFromIssueOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-3981">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 402.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Issuance costs of ordinary shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 402.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" scale="6" id="f-3982">4.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 402.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-3983">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 402.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="mar:PaymentsFromIssuanceCostsOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-3984">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 417pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase of own shares<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 417pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-3985">19.8</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 417pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-3986">3.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 417pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:PaymentsToAcquireOrRedeemEntitysShares" scale="6" id="f-3987">7.9</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 431.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Dividends paid<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 431.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-3988">77.1</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 431.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-3989">58.3</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 431.25pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 26.32pt;"></span></span><span style="left: 28.95pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" scale="6" id="f-3990">6.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 445.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net cash outflow from financing activities<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 445.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-3991">28.6</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 445.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 20.76pt;"></span></span><span style="left: 23.39pt; position: var(--position);">(<ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-3992">61.4</ix:nonFraction>)<span style="display: inline-block; height: 7.28pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 445.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-3993">33.1</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 459.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Net increase in cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 459.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-3994">378.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 459.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-3995">10.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 459.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" format="ixt:fixed-zero" scale="6" id="f-3996">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 8.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 0.5pt solid #ffffff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-top: 0.5pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 482.25pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 496.5pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash at banks and on hand and short-term deposits at 1 January<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 496.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-3997">10.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 496.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1273" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-3998">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 496.5pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1274" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-3999">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 510.75pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Increase in cash<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 510.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-4000">378.8</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 510.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" scale="6" id="f-4001">10.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 510.75pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" format="ixt:fixed-zero" scale="6" id="f-4002">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr><tr style="height: 14.25pt;"><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 525pt; width: 311.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 2.63pt; width: 311.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">Cash and cash equivalents at 31 December<span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 314.25pt; position: var(--position); top: 525pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 18.53pt;"></span></span><span style="left: 21.16pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1271" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-4003">389.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 367.5pt; position: var(--position); top: 525pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 24.09pt;"></span></span><span style="left: 26.72pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1272" decimals="-5" name="ifrs-full:CashAndCashEquivalents" scale="6" id="f-4004">10.9</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #cceeff; font-size: 0; text-align: left; vertical-align: top;"/><td colspan="1" rowspan="1" style="background-color: #cceeff; border-bottom: 2pt solid #000; border-top: 1pt solid #000; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 420.75pt; position: var(--position); top: 525pt; width: 50.25pt;"><div><div style="line-height: 10pt; position: var(--position); top: 3pt; width: 50.25pt;"><span style="color: #000000; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none; white-space: pre;"><span style="left: 2.63pt; position: var(--position);"><span style="display: inline-block; height: 7.28pt; width: 33.54pt;"></span></span><span style="left: 36.17pt; position: var(--position);"><ix:nonFraction unitRef="usd" contextRef="c-1273" decimals="-5" name="ifrs-full:CashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-4005">&#8212;</ix:nonFraction><span style="display: inline-block; height: 7.28pt; width: 3.33pt;"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></ix:continuation></ix:continuation></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">298<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"><div style="line-height: 10pt; position: var(--position); top: 13.61pt; width: 612pt;"><span style="color: #0000ff; font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: underline; white-space: pre;"><a style="color: inherit; text-decoration: inherit; z-index: 1;" href="#i85ca50c4ccf148bf80eda1258281c20b_44">Table of Contents</a><span style="display: inline-block; height: 7.28pt;"></span></span></div></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1545"></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 72pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">38&#160;  Condensed Financial Information of Parent Company<span style="display: inline-block; height: 8pt;"></span><span id="i91ce0a0c85514f94bfa77fb4b9653e0e"></span></span></div><div style="line-height: 11pt; position: var(--position); top: 85.2pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(continued)<span style="display: inline-block; height: 8pt;"></span><span id="id566ae95bd814e6f955d98740f28c303"></span></span></div><div style="line-height: 10pt; position: var(--position); top: 108.4pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">(d) Notes<span style="display: inline-block; height: 7.28pt;"></span><span id="i909c604d50214ac69532c4899b09791a"></span></span></div><div style="font-size: 12pt; line-height: 11pt; position: var(--position); top: 130.4pt; width: 612pt;"><ix:continuation id="f-3830-6" continuedAt="f-3830-7"><span style="font-family: 'Arial', sans-serif; font-size: 11pt; font-style: normal; font-weight: bold; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Investments in subsidiaries<span style="display: inline-block; height: 8pt;"></span><span id="i22365c9756144acc8a0a0daceb42263d"></span></span></ix:continuation></div><ix:continuation id="f-3830-7"><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 153.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">In the Parent Company only financial statements, the Company&#8217;s investments in subsidiaries are <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 165.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">recorded at historic cost less accumulated impairment, in accordance with IAS 27, &#8220;Separate Financial <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 177.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Statements&#8221; . in which the impairment test performed on the assessment of investments in subsidiaries is <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 189.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">performed in accordance with IAS 36, &#8220;Impairment of Assets&#8221;<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 211.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 108pt; position: var(--position); text-decoration: none; white-space: pre;">The Parent Company received dividends from subsidiaries of $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 386.31pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1268" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-4006">34.5</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 405.76pt; position: var(--position); text-decoration: none; white-space: pre;">m during 2024 (2023: <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 223.6pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">$<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 77.56pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1269" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-4007">114.7</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 101.83pt; position: var(--position); text-decoration: none; white-space: pre;">m, 2022: $<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.04000000000002pt; position: var(--position); text-decoration: none; white-space: pre;"><ix:nonFraction unitRef="usd" contextRef="c-1270" decimals="-5" name="ifrs-full:RevenueFromDividends" scale="6" id="f-4008">5.0</ix:nonFraction><span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 162.93pt; position: var(--position); text-decoration: none; white-space: pre;">m).<span style="display: inline-block; height: 7.28pt;"></span></span></div></ix:continuation><div style="position: absolute; top: 245.6pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1554"></div></div></div><div style="--justify: justify; --position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-family: Arial, Sans Serif; font-size: 0; height: 792pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 612pt; word-wrap: break-word;"><div style="left: 0pt; position: var(--position); top: -36.84pt; z-index: -9223372036854775806;"><img src="mar-20241231_g6.jpg" alt="Marex-AR23_COVER_BC.jpg" style="height: 865.68pt; width: 612pt;"/></div><div style="left: 0pt; position: var(--position); top: 720pt;"><div style="width: 468pt;"><div style="line-height: 12pt; position: var(--position); top: 24.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 12pt; font-style: normal; font-weight: normal; left: 295.99pt; position: var(--position); white-space: pre;">299<span style="display: inline-block; height: 8.73pt;"></span></span></div></div></div><div style="left: 0pt; position: var(--position); top: 0pt;"><div style="width: 468pt;"></div></div><div><div style="position: absolute; top: 72pt;" id="i85ca50c4ccf148bf80eda1258281c20b_1581"></div></div></div></body></html>
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mar-20241231
UNITED STATES
SECURITIES AND
EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM
20-F
(Mark One)
☐
REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES
EXCHANGE ACT OF 1934
☒
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
☐
SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
Date of event requiring this shell company report
Commission file number
001-42020
MAREX GROUP PLC
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant's name into English)
England and Wales
(Jurisdiction of incorporation or organization)
155 Bishopsgate
London
EC2M 3TQ
United Kingdom
(Address of principal executive offices)
Rob Irvin
Chief Financial Officer
Telephone: (
212
)
618 2800
Email:
investors@marex.com
155 Bishopsgate
London
EC2M 3TQ
United Kingdom
+44 2076 556000
(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered, pursuant to Section 12(b) of the Act
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Ordinary shares, par value $ 0.001551
MRX
NASDAQ
Global Select
Securities registered or to be registered pursuant to Section 12(g) of the Act: None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None
Indicate the number of outstanding shares of each of the issuer's classes of capital stock or common stock as of the close of
the period covered by the annual report.
72,221,843
ordinary shares.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule
405
of the Securities Act.
Yes ☐
No
☒
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934.
Yes
☐
No
☒
Note—Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes
☒
No
☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted
pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit such files).
Yes
☒
No
☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging
growth company. See the definitions of "large accelerated filer," "accelerated filer," and "emerging growth company" in Rule 12b-2
of the Exchange Act.
Large accelerated filer
☐
Non-accelerated filer
☒
Accelerated filer
☐
Emerging growth company
☐
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.
☐
If securities are registered pursuant to Section 12(b) of the Act, indicate by
check
mark whethe
r the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements
.
☒
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).
☒
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:
U.S. GAAP
☐
International Financial Reporting Standards
as issued by the International
Accounting Standards Board
☒
Other
☐
If "Other" has been checked in response to the previous question indicate by check mark which financial statement item the registrant
has elected to follow.
Item 17
☐
Item 18
☐
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).
Yes
☐
No
☒
i
CONTENTS
Page
Item 1.
Identity of Directors, Senior Management and Advisers
6
Item 2.
Offer Statistics and Expected Timetable
6
Item 3.
Key Information
6
A.
[Reserved]
6
B.
Capitalization and Indebtedness
6
C.
Reasons for the Offer and Use of Proceeds
6
D.
Risk Factors
6
Item 4.
Information on the Company.
52
A.
History and Development of the Company
52
B.
Business Overview
52
C.
Organizational Structure
75
D.
Property, Plant and Equipment
75
Item 4A.
Unresolved Staff Comments
76
Item 5.
Operating and Financial Review and Prospects
77
A.
Operating Results
85
B.
Liquidity and Capital Resources
96
C.
Research and Development, Patents and Licenses, etc.
100
D.
Trend Information
100
E.
Critical Accounting Estimates
100
Item 6.
Directors, Senior Management And Employees
101
A.
Directors and Senior Management
101
B.
Compensation
104
C.
Board Practices
151
D.
Employees
153
E.
Share Ownership
154
F.
Disclosure of a Registrant's Action to Recover Erroneously Awarded
Compensation
154
Item 7.
Major Shareholders and Related Party Transactions
154
A.
Major Shareholders
154
B.
Related Party Transactions
156
C.
Interests of Experts and Counsel
158
Item 8.
Financial Information
159
A.
Consolidated Statements and Other Financial Information
159
B.
Significant Changes
159
Item 9.
The Offer and Listing
159
A.
Offer and Listing Details
159
B.
Plan of Distribution
159
C.
Markets
159
D.
Selling Shareholders
159
E.
Dilution
160
F.
Expenses of the Issue
160
Item 10.
Additional Information
160
A.
Share Capital
160
B.
Memorandum and Articles of Association
160
C.
Material Contracts
160
ii
D.
Exchange Controls
160
E.
Taxation
160
F.
Dividends and Paying Agents
168
G.
Statement by Experts
169
H.
Documents on Display
169
I.
Subsidiary Information
169
J.
Annual Report to Security Holders
169
Item 11.
Quantitative and Qualitative Disclosures About Market Risk
169
Item 12.
Description of Securities Other Than Equity Securities
176
Item 13.
Defaults, Dividend Arrearages and Delinquencies
176
Item 14.
Material Modifications to the Rights of Security Holders and Use of Proceeds
176
Item 15.
Controls and Procedures
177
A.
Disclosure Controls and Procedures
177
B.
Management's Annual Report on Internal Control Over Financial Reporting
177
C.
Attestation Report of the Registered Public Accounting Firm
177
D.
Changes in Internal Control Over Financial Reporting
177
Item 16.
[Reserved]
177
Item 16A.
Audit Committee Financial Expert
178
Item 16B.
Code of Ethics
178
Item 16C.
Principal Accountant Fees and Services
178
Item 16D.
Exemptions from the Listing Standards for Audit Committees
179
Item 16E.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
179
Item 16F.
Change in Registrant's Certifying Accountant
179
Item 16G.
Corporate Governance
179
Item 16H.
Mine Safety Disclosure
180
Item 16I.
Disclosure Regarding Foreign Jurisdictions That Prevent Inspections
180
Item 16J.
Insider Trading Policies
180
Item 16K.
Cybersecurity
180
Item 17.
Financial Statements
182
Item 18.
Financial Statements
182
Item 19.
Exhibits
182
1
ABOUT THIS ANNUAL REPORT
General Information
Except where the context otherwise requires or where otherwise indicated, the terms "Marex," the
"Company," the "Group," "we," "us," "our," "our company" and "our business" refer to Marex Group plc,
together with its consolidated subsidiaries as a consolidated entity.
Market And Industry Data
Within this Annual Report on Form 20-F ("Annual Report"), we reference information and statistics
regarding the industries in which we operate. We have obtained this information and statistics from our
own internal estimates, surveys and research, as well as from various independent third-party sources
and publicly available data.
Our estimates are derived from publicly available information released by third-party sources, as
well as data from our internal research, which we believe to be reasonable. None of the independent
industry publications used in this Annual Report were prepared on our behalf.
Industry publications, research, surveys, studies and forecasts generally state that the information
they contain has been obtained from sources believed to be reliable, but that the accuracy and
completeness of such information is not guaranteed. These forecasts and forward-looking information are
subject to uncertainty and risk due to a variety of factors, including those described under "Cautionary
Statement Regarding Forward-Looking Statements" and "Risk Factors." These and other factors could
cause results to differ materially from those expressed in the forecasts or estimates from independent
third parties and us.
Trademarks, Service Marks And Trade Names
We have proprietary rights to certain trademarks used in this Annual Report that are important to
our business, certain of which are registered under applicable intellectual property laws.
This Annual Report contains additional trademarks, service marks and trade names of others,
which are the property of their respective owners. All trademarks, service marks and trade names
appearing in this Annual Report are, to our knowledge, the property of their respective owners. We do not
intend our use or display of other companies' trademarks, service marks or trade names to imply a
relationship with, or endorsement or sponsorship of us by, any other companies.
Solely for convenience, the trademarks, service marks, logos and trade names referred to in this
Annual Report are without the ® and ™ symbols, but such references are not intended to indicate, in any
way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the
applicable licensors to these trademarks, service marks, logos and trade names.
Presentation Of Financial And Other Information
We report under the International Financial Reporting Standards (
"I
FRS
®
Accounting Standards")
as issued by the International Accounting Standards Board (the "IASB"). The financial information in this
Annual Report has been prepared in accordance with IFRS Accounting Standards, as issued by the IASB,
which differ in certain significant respects from accounting principles generally accepted in the United
States ("U.S. GAAP"). This Annual Report does not include a reconciliation from IFRS Accounting
Standards to U.S. GAAP.
We present our consolidated financial statements in U.S. dollars. All references in this Annual
Report to "dollar," "USD" or "$" mean U.S. dollars, all references to "£," "GBP" or "Pounds Sterling" mean
British pounds sterling and all references to "Euro" or "€" mean the currency of the member states of the
2
European Monetary Union that have adopted or that adopt the single currency in accordance with the
treaty establishing the European Community, as amended by the Treaty on European Union.
Certain monetary amounts, percentages, and other figures included in this Annual Report have
been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be
the arithmetic aggregation of the figures that precede them, and figures expressed as percentages in the
text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the
percentages that precede them.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This Annual Report contains forward-looking statements that relate to our current expectations
and views of future events. These forward-looking statements are contained principally in the sections
entitled principally in the sections entitled Item 3.D. "Key Information—Risk Factors," Item 4. "Information
on the Company," and Item 5. "Operating and Financial Review and Prospects." These statements relate
to events that involve known and unknown risks, uncertainties and other factors, including those listed
under "Risk Factors," which may cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or implied by the forward-
looking statements.
In some cases, these forward-looking statements can be identified by words or phrases such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/
are likely to" or other similar expressions. Statements regarding our
future results of operations and
financial position, growth strategy and plans, completion of acquisitions and objectives of management for
future operations,
are forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of
which are beyond our control. In addition, these forward-looking statements reflect our current views with
respect to future events and are not a guarantee of future performance. Actual outcomes may differ
materially from the information contained in the forward-looking statements as a result of a number of
factors, including, without limitation, the risk factors set forth in "Risk Factors" and the following:
•
subdued commodity market activity or pricing levels;
•
the effects of geopolitical events, terrorism and wars, such as the effect of Russia's military action
in Ukraine or the on-going conflicts in the Middle East, on market volatility, global macroeconomic
conditions and commodity prices;
•
changes in interest rate levels;
•
the risk of our clients and their related financial institutions defaulting on their obligations to us;
•
regulatory, reputational and financial risks as a result of our international operations;
•
software or systems failure, loss or disruption of data or data security failures;
•
an inability to adequately hedge our positions and limitations on our ability to modify contracts
and the contractual protections that may be available to us in OTC derivatives transactions;
•
market volatility, reputational risk and regulatory uncertainty related to commodity markets,
equities, fixed income, foreign exchange and cryptocurrency;
•
the impact of climate change and the transition to a lower carbon economy on supply chains and
the size of the market for certain of our energy products;
3
•
the impact of changes in judgments, estimates and assumptions made by management in the
application of our accounting policies on our reported financial condition and results of operations;
•
lack of sufficient financial liquidity;
•
if we fail to comply with applicable law and regulation, we may be subject to enforcement or other
action, forced to cease providing certain services or obliged to change the scope or nature of our
operations;
•
significant costs, including adverse impacts on our business, financial condition and results of
operations, and expenses associated with compliance with relevant regulations; and
•
if we fail to remediate the material weaknesses we identified in our internal control over financial
reporting or prevent the occurrence of material weaknesses in the future, the accuracy and timing
of our financial statements may be impacted, which could result in material misstatements in our
financial statements or failure to meet our reporting obligations and subject us to potential
delisting, regulatory investments or civil or criminal sanctions.
The forward-looking statements made in this Annual Report relate only to events or information
as of the date on which the statements are made in this Annual Report. Except as required by law, we
undertake no obligation to update or revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events. You should read this Annual Report and the documents
that we reference in this Annual Report and have filed as exhibits to the Annual Report completely and
with the understanding that our actual future results or performance may be materially different from what
we expect.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on
the relevant subject. These statements are based upon information available to us as of the date of this
Annual Report, and while we believe such information forms a reasonable basis for such statements,
such information may be limited or incomplete, and our statements should not be read to indicate that we
have conducted an exhaustive inquiry into, or review of, all potentially available relevant information.
These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these
statements.
You should read this Annual Report completely and with the understanding that our actual future
results may be materially different from what we expect. We qualify all of our forward-looking statements
by these cautionary statements.
4
RISK FACTORS SUMMARY
The following is a summary of the principal risks that could significantly and negatively affect our
business, prospects, financial conditions, or operating results. For a more complete discussion of the
material risks facing our business, see Item 3.D. "Key Information—Risk Factors":
Risks Relating to the Macroeconomic Environment
•
Our business is adversely affected by subdued commodity market activity or pricing levels, with
low volatility and declines in commodity pricing levels reducing commissions, spreads and
revenue;
•
Russia's military action in Ukraine has caused significant market volatility, affected global
macroeconomic conditions and commodity prices and could lead to a substantial slowdown in the
global economy. The risks to our business from the war in Ukraine may increase if the war is
prolonged or escalates and could result in a period of market uncertainty with low trading volumes
and market illiquidity; and
•
Our results of operations and financial condition are directly impacted by interest rate levels, as
we earn interest on the cash balances that we hold.
Risks Relating to Our Business
•
Our clients and their related financial institutions may default on their obligations to us due to
insolvency, operational failure or for other reasons, which could adversely affect our business,
financial condition and results of operations;
•
We are subject to a variety of regulatory, reputational and financial risks as a result of our
international operations. Non-compliance with applicable regulatory regimes could result in
significant financial and reputational damage;
•
Software or systems failure, loss or disruption of data or data security failures could, among other
things, limit our ability to conduct our operations and lead to a breach of regulations and
contractual obligations;
•
We are subject to risks related to OTC derivatives transactions due to the inability to adequately
hedge our positions, limitations on our ability to modify contracts and the contractual protections
that may be available to us; and
•
We are subject to exposure to cryptocurrencies and potential losses and reputational impact from
clients trading cryptocurrency derivatives. We may also be impacted by developing regulation of
cryptocurrencies and related activities.
Risks Relating to Our Financial Position
•
Changes in judgments, estimates and assumptions made by management in the application of
our accounting policies may result in significant changes to our reported financial condition and
results of operations; and
•
We require financial liquidity to facilitate our day-to-day operations. Lack of sufficient liquidity
could adversely impact our operations and limit our future growth potential.
5
Risks Relating to Regulation
•
If we fail to comply with applicable law and regulation, we may be subject to enforcement or other
action, forced to cease providing certain services or obliged to change the scope or nature of our
operations; and
•
We and our businesses are subject to regulation and supervision by the FCA in the United
Kingdom, the CFTC, NFA, the SEC and FINRA in the United States, the AMF and ACPR in
France, ASIC in Australia, the SCA and DFSA in Dubai, SFC in Hong Kong, MAS in Singapore,
the Alberta Securities Commission in Canada, BaFIN in Germany, CMNV in Spain, the CMVM in
Portugal, the CBI in Ireland, the Consob in Italy and other regulatory and self-regulatory
organizations. Complying with relevant regulations may result in significant costs and expenses
and adversely affect our business, financial condition and results of operations.
Risks Relating to Ownership of Our Ordinary Shares
•
We have identified material weaknesses in our internal control over financial reporting and may
identify additional material weaknesses in the future or fail to maintain an effective system of
internal control over financial reporting, which may result in material misstatements of our
consolidated financial statements or cause us to fail to meet our periodic reporting obligations;
and
•
We are a foreign private issuer, and, as a result, we are subject to Securities Exchange Act of
1934, as amended (the "Exchange Act"), reporting obligations that, to some extent, are more
lenient and less frequent than those of a U.S. domestic public company.
6
Item 1.
Identity of
Directors
, Senior
Management
and Advisers
Not applicable.
Item 2.
Offer
Statistics
and
Expected Timetable
Not applicable.
Item 3.
Key Information
A.
[Reserved]
B.
Capitalization
and Indebtedness
Not applicable.
C.
Reasons for the
Offer
and Use of Proceeds
Not applicable.
D.
Risk
Factors
You should carefully consider the risks described below before making an investment decision.
Our business, financial condition or results of operations could be materially and adversely affected by
any of these risks. The trading price and value of our ordinary shares could decline due to any of these
risks, and you may lose all or part of your investment. This Annual Report also contains forward-looking
statements that involve risks and uncertainties. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of certain factors, including the risks faced by
us as described below and elsewhere in this Annual Report.
Risks Relating to the Macroeconomic Environment
Our business is adversely affected by subdued commodity market activity or pricing
levels, with low volatility and declines in commodity pricing levels reducing our commissions,
spreads and revenue
.
We generate revenue primarily from the commissions we earn and the spreads we make from
facilitating and executing client orders. These revenue sources depend substantially on client trading
volumes and pricing levels, which, in turn, depend on many factors, many of which are beyond our
control. These factors include:
•
volatility and pricing levels in commodities, currency, securities and other markets;
•
client confidence and risk appetite levels;
•
general economic and geopolitical conditions and developments, including Russia's military action
in Ukraine and the on-going conflicts in the Middle East;
•
overall levels of global trade and the implementation of any barriers to trading, including, without
limitation, tariffs and disruption to trade routes;
•
changes in demand for specific commodities, including, for example, reductions in demand for
coal, fuel oil and other energy commodities and increases in demand for renewable energy;
•
climate and weather patterns, which impact supply markets and chains for certain commodities,
including, without limitation, agricultural commodities and metals;
7
•
legislative and regulatory changes, including, but not limited to, trade policies and unexpected
sanctions, which may cause significant uncertainty, affect market structures and reduce client
activity, because of, or pending the outcome of, such changes;
•
changes in market dynamics or structure due to rapid change in the method of broking in one or
more products in which our clients trade, including, for example, a transition from telephone or
voice trading to screen or electronic trading;
•
actions of competitors, including pricing competition for overlapping products and markets and
their entry into additional products or markets; and
•
changes in inflation, foreign exchange, interest rates and monetary and fiscal policies.
Low volatility and declines in pricing levels generally decrease client trading activity and reduce
our revenue. Reductions in economic activity and growth levels, particularly in emerging markets, also
reduce trading activity. Decreases in trading volumes or pricing levels may significantly reduce our
commissions and the spreads we make facilitating and executing client orders and adversely affect our
business, financial condition, results of operations and prospects.
Geopolitical events, terrorism and wars can cause significant market volatility, affect
global macroeconomic conditions and commodity prices and could lead to a substantial
slowdown in the global economy.
Our business and the markets in which we operate (in particular, commodities such as energy, grain and
metals) may experience significant volatility as the result of geopolitical events, terrorism and wars, such
as Russia's large-scale invasion of Ukraine in February 2022 or the on-going conflicts in the Middle East.
Market volatility can and has in the past materially impacted the price of commodities that our clients
trade and activity in the markets in which we operate.
The unprecedented economic and other sanctions against Russia implemented by the North
Atlantic Treaty Organization and individual countries in response to the invasion have restricted and may
further restrict or prevent us from entering into new transactions with affected entities and impact the
settlement of existing transactions. Many Western companies have also closed their Russian businesses
and/or announced their unwillingness to retain interests in Russian assets or to continue dealings with
Russian or related counterparties, even where such action is not mandated by current sanction regimes.
The scope and scale of such economic sanctions and voluntary actions remain subject to rapid and
unpredictable change, including because of the volatile conditions in Ukraine, and may severely affect
global macroeconomic conditions, European economies and the stability and willingness of our
counterparties to trade. Existing concerns about market volatility, disruptions to supply chains, high
inflation rates and the risk of regional or global recessions or "stagflation," a recession or reduced rates of
economic growth coupled with high inflation rates, have been exacerbated by Russia's invasion of
Ukraine.
It continues to be unclear how long the war between Russia and Ukraine may last or how severe
its impacts may become. If the conflict is prolonged, escalates or expands (including if additional
countries become involved), if additional economic sanctions or other measures are imposed or if
disruptions to supply chains worsen, regional and/or global macroeconomic conditions and financial
markets could be impacted more severely. Other geopolitical events could have a material adverse effect
on our business, financial condition, results of operations and prospects, as such events often may cause
market volatility and uncertainty. Longer periods of significant market volatility could adversely affect the
perceived stability of commodities and lead to declines in commodity pricing levels, which may
significantly reduce our commissions and may adversely affect our business, financial condition, results of
operations and prospects.
8
Our results of operations and financial condition are directly impacted by interest rate
levels, as we earn interest on the cash balances that we hold.
We maintain large cash and financial instrument balances on behalf of our clients with
exchanges, central clearing counterparties ("Clearing Houses"), brokers and banks. We also maintain our
own cash balances. We earn interest on these balances and do not pay interest on all client balances.
Accordingly, we are generally able to retain a significant portion of the interest we earn on such balances.
Short-term interest rates are particularly sensitive to factors beyond our control. A decline in interest rates
or a decline in our cash and financial instrument balances may adversely affect our business, financial
condition, results of operations and prospects.
Our results of operations and financial condition could be adversely affected by changes
in exchange rates between the U.S. dollar and other currencies, principally the Pound Sterling and
the Euro.
We report our financial results in U.S. dollars. However, a significant proportion of our costs are
incurred, and a portion of our trading activity is conducted, in currencies other than the U.S. dollar. As a
result, our results of operations and financial condition are significantly affected by movements in the
exchange rates between the U.S. dollar and other currencies, particularly the Pound Sterling and the
Euro. As our levels of commissions earned are tied to the volume and pricing levels of products traded,
any depreciation in the Euro against the U.S. dollar would lead to a decrease in the level of our reported
commissions from trading activity in products priced in Euro. Further, due to our extensive operations in
the United Kingdom (including having significant back office and other support staff and lease obligations
for office space), any depreciation in the Pound Sterling against the U.S. dollar would decrease the
expenses in our income statement and could adversely affect our business, financial condition, results of
operations and prospects.
The United Kingdom's withdrawal from the European Union has adversely affected, and
may further adversely affect, our business for multiple reasons that are beyond our control,
including adversely affecting economic growth and reducing overall levels of trading activities
and the costs of such activities between the United Kingdom and the European Union.
As a result of the United Kingdom's formal withdrawal from the European Union in January 2020
("Brexit"), the ability of U.K. and European Economic Area ("EEA") companies to provide cross-border
services has been restricted, particularly in the financial services sector. The passporting regime under
Directive 2014/65/EU on markets in financial instruments ("MiFID II") and other European regulations,
which enables firms to provide services to countries across the EEA, no longer encompasses the United
Kingdom. Furthermore, the end of EEA passporting for U.K. firms means that such firms
are largely
restricted to providing services to clients that are domiciled in the EEA on a "reverse solicitation" basis
(where a firm has not solicited or marketed such activities or services in the particular jurisdiction), unless
they are appropriately authorized. The requirement to service clients in the EEA on a "reverse solicitation"
basis is restrictive and limits the ways in which our U.K. entities can interact with clients and potential
clients, which may make it harder to do business in the EEA. In the future, if the ability to provide services
on a "reverse solicitation" basis was to change, EEA regulators may require us to obtain additional
licenses in their respective jurisdictions to service clients. We may stop or limit servicing clients pending
approval of the relevant license or choose not to continue to service clients in the jurisdictions in question.
In either case, our financial performance would be adversely affected.
There is currently no EEA equivalence for U.K. trading venues. As a result, EEA clients trading on
a U.K. exchange are required to treat such trades as over-the-counter ("OTC") derivatives transactions
rather than as exchange-traded derivatives transactions. This has and may result in additional regulatory
reporting obligations. EEA clients may also not want to trade financial instruments listed on U.K.
exchanges. Furthermore, U.K. investment firms have lost certain rights with respect to access to, or
providing their clients with a connection to, certain infrastructural assets that are necessary for the
provision of certain services. An example is the provision of direct electronic access to trading venues
9
authorized in the EEA. This may make our business less attractive to EEA clients, which could
have an adverse impact on our business, financial conduct and results of operations.
The change in the United Kingdom's relationship with the European Union due to Brexit has and
may have several further consequences, including adversely affecting economic growth in the United
Kingdom and the European Union and reducing overall levels of trading activity between the United
Kingdom and the European Union.
Future regulatory or legal divergence between the European Union and the United Kingdom may
result in increased compliance costs, impact our business activities and result in EEA clients moving away
from U.K.-based services. Our failure to successfully manage these risks, which are largely outside of our
control, could adversely affect our business, financial condition, results of operations and prospects.
Various factors beyond our control, including pandemics, terrorist attacks or natural
disasters, may adversely affect our business.
Our business has been affected in the past, and could be significantly affected in the future, by
major events such as pandemics, terrorist attacks, natural disasters or extreme weather conditions, fires,
power shortages, civil unrest or strikes. It is not possible to fully mitigate these risks and their related
impacts.
For example, the COVID-19 pandemic caused an increase in client defaults, as well as a
reduction in our trading volumes in metals following the physical closure of the LME in March 2020.
Severe weather and climate-change related phenomenon has previously impacted our business in
agricultural markets such as, cocoa, coffee and grains, which may significantly reduce the production and
size of those markets. Insurance cover for any of the above risks may not be sufficient to cover the full
extent of any loss or damage suffered. There is also no guarantee that if a major event occurs, we will be
able to secure adequate insurance cover in the future.
Significant reductions in economic activity levels or declines in commodity pricing levels because
of these factors would reduce trading volumes and our revenue. Our inability to successfully manage
these risks could adversely affect our business, financial condition, results of operations and prospects.
Risks Relating to Our Business
Our clients and their related financial institutions may default on their obligations to us
due to insolvency, operational failure or for other reasons, which could adversely affect our
business, financial condition and results of operations.
We extend margin financing to clients of our Clearing and Hedging and Investment Solutions
businesses and to certain clients of the Capital Markets division of our Agency and Execution business.
Clients of any of these businesses may default on margin calls or settlement payments. Where a
client enters into an exchange-traded derivatives transaction that is cleared by us, we will post margin
with a clearing house to cover the clearing house's margin requirements in connection with the client's
open positions on the relevant exchange. We will then issue margin calls to the client for the payment of
the margin due to us, and the client may default on such margin calls. In OTC derivatives transactions
and other non-cleared transactions, we primarily act as principal to the transaction and are therefore
responsible for determining the amount of margin due to us. We may experience losses if adequate
margin cannot be collected from the relevant client through the life of the trade or if the client fails to pay
any cash settlement amount due to us on termination or expiry of the transaction. In relation to certain
types of transactions that involve leveraging or for which the relevant market is more volatile (for example,
leveraged exchange-traded funds ("ETF") transactions, which are offered through the Capital Markets
division of our Agency and Execution business), such losses could be greater due to the value of the
financing that is typically provided.
10
We also enter into agreements with certain clients and their financial institutions under which the
relevant financial institution agrees to fund the client's margin calls up to a pre-agreed limit. We may suffer
losses to the extent that the financial institution defaults on its obligation to pay such amounts. We are
also exposed to counterparty credit risk in respect of client cash deposits held with financial institutions,
which may default due to insolvency, operational failure or for other reasons.
In our Agency and Execution business within the Energy division and other service offerings
within our Capital Markets division, we arrange trades between two clients and issue an invoice for
commissions earned on the completed transaction. Although we are not a counterparty to such
transactions, we are exposed to the risk that these clients may fail to pay our commissions. We are also
exposed to intraday risks as the agent facilitating such transactions.
Our credit risk management procedures are designed to help mitigate our credit risk but cannot
eliminate the prospect of defaults, particularly those that may arise from events or circumstances that are
difficult to detect or foresee. Market volatility may result in some of our clients facing liquidity issues due to
increased margin calls, which may, in turn, lead to an increase in late or failed margin payments to us by
clients. Historically, we have seen client defaults increase during periods of substantial market volatility.
For example, market turmoil connected to the Russian invasion of Ukraine resulted in a number
of late client payments due to increasing pressure on the global banking system.
Similarly, following the
surge of nickel prices of 270% on the LME over three trading days in early March 2022, we saw an
increase in late margin payments to us by clients.
In certain circumstances, we may enter into alternative
arrangements with clients as collateral for the debt owed to us.
These risks may also be exacerbated if our exposure is concentrated in a particular geography or
type of client. For example, where we have a substantial number of clients in a particular country, region
or industry, a sovereign debt or other crisis affecting such country or a natural disaster impacting such
region or industry or any negative effects in such region or industry may negatively impact such clients.
Given the increasing impacts of climate change, severe weather events, such as droughts, hurricanes
and fires, may also lead to defaults across various agricultural producers in affected regions. For
example, during market turmoil connected to unusual weather patterns experienced across the central
and southern American regions, and the subsequent impact on coffee production and onward supply
chains, a number of our clients in Brazil defaulted on margin call payments in late 2024. If we experience
a significant number of client defaults, particularly if we experience them contemporaneously, our
business, financial condition, results of operations and prospects may be adversely affected.
We are subject to a variety of regulatory, reputational and financial risks as a result of our
global operations. Non-compliance with applicable regulatory regimes could result in significant
financial and reputational damage.
The success of our business depends on the sufficiency of our risk management program,
including policies, training and other controls on anti-money laundering ("AML"), sanctions, counter-
terrorist financing, anti-bribery, anti-corruption, financial risk, fraud and data security. The design and
implementation of the policies, training, procedures and practices we use to identify, monitor, control and
reduce risk have not always been effective, and we cannot guarantee that they will always be effective in
the future. The risks we face in this respect include:
•
Regulatory Compliance: We are subject to regulatory requirements imposed by the U.K. Financial
Conduct Authority ("FCA"), the French Financial Markets Authority (Autorité des Marchés
Financiers) (the "AMF"), the French Prudential Supervision and Resolution Authority (Autorité de
contrôle prudentiel et de resolution) (the "ACPR"), the U.S. Commodity Futures Trading
Commission (the "CFTC"), the U.S. Securities and Exchange Commission ("SEC"), the U.S.
Financial Industry Regulatory Authority ("FINRA"), the National Futures Association (the "NFA"),
the Dubai Securities and Commodities Authority ("SCA"), the Dubai Financial Services Authority
("DFSA"), the Australian Securities & Investments Commission ("ASIC"), the Alberta Securities
Commission, the Hong Kong Securities and Futures Commission ("SFC"), the Monetary Authority
11
of Singapore ("MAS"), the Central Bank of Ireland, the Italian Companies and Exchange
Commission (Commissione Nazionale per le Società e la Borsa) (""Consob"), the Portuguese
Securities Market Commission (Comissão do Mercado de Valores Mobiliários) ("CMVM"), the
Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores)
("CMNV"), the German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht or "BaFin") and other regulatory bodies in the jurisdictions in which
we trade. We have in the past failed to comply with regulatory requirements and been subject to
regulatory inquiries or enforcement actions for regulatory non-compliance, and we may so fail to
comply and be subject to such inquiries and actions in the future. Regulatory enforcement could
result in materially adverse consequences such monetary penalties or partial or full censures on
our ability to conduct regulated activities.
•
Anti-Corruption Compliance: We are subject to anti-corruption laws and regulations, such as the
U.S. Foreign Corrupt Practices Act ("FCPA") and the U.K. Bribery Act, in the jurisdictions in which
we operate. These anti-corruption laws generally prohibit corruptly offering, promising, giving or
authorizing others to give anything of value, either directly or indirectly, to a government official or
private party in order to influence official action or otherwise gain an unfair business advantage,
such as to obtain or retain business. Violation of these or similar laws and regulations could
subject us, and individual employees, to a regulatory enforcement action, as well as significant
civil and criminal penalties. Such violations could also result in severe restrictions on our activities
and damage to our reputation.
•
Anti-Money Laundering Compliance: We are subject to applicable AML laws in the jurisdictions in
which we operate, including the Bank Secrecy Act and USA PATRIOT Act in the United States and
the Proceeds of Crime Act, the Terrorism Act and the Money Laundering, Terrorist Financing and
Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) in the United
Kingdom. The AML laws impose a variety of requirements, including implementing and
maintaining risk-based systems and controls that obtain "know-your-customer" documentation
upon onboarding clients and screen clients on an ongoing basis. A violation of these or similar
laws have in the past and could in the future subject us, and individual employees, to a regulatory
enforcement action, as well as significant civil and criminal penalties and reputational harm. The
E.U. has agreed and adopted a comprehensive package of measures to reform the primary AML
and CTF legislation across the E.U. 27 Member States (the package together is known as "MLD
6").  Whilst MLD 6 will increase harmonisation in respect of certain AML and CTF obligations
across the E.U., other aspects of compliance with remain subject to differences as between the
implementation in each Member State, such that together, MLD 6 will likely result in material
changes to the day to day AML and CTF operating procedures of various Marex entities, bringing
with it increased costs and regulatory enforcement risks associated with designing and
implementing compliance with an updated regulatory regime.
•
Sanctions and Export Controls Compliance: We are subject to trade restrictions, including
economic sanctions and export controls, administered by the United States, including the Office of
Foreign Assets Control of the U.S. Department of the Treasury ("OFAC"), His Majesty's Treasury,
the European Union and other relevant authorities, and such restrictions may prohibit or restrict
transactions in certain countries and with certain designated persons. Non-compliance with
sanctions restrictions, or failure of related systems and controls to identify and prevent
impermissible or unauthorized activity or transactions by persons subject to sanctions or other
trade restrictions, could result in civil or criminal liability, including censures and financial
penalties.
•
Market Abuse and Manipulation: Third-party traders or our personnel may manipulate market
prices by creating fictitious orders or mislead the market. We may fail to detect any such actions
to manipulate prices or mislead the market.
12
•
Fraudulent Transactions: We may suffer losses if our risk management policies, procedures and
practices fail to prevent unauthorized activity or acts intended to defraud, misappropriate property
or circumvent the law (for example, a third party impersonating a creditworthy client to trade on
credit or deceptive third-party transactions made in violation of relevant anti-money laundering or
sanctions standards).
•
Incorrect Settlements: We may make or be subject to unauthorized transfers of funds. Our risk
management policies, procedures and practices may fail to prevent the use of incorrect or
fraudulent settlement instructions (for example, a phishing attack causing us to misdirect client
funds to a third party).
•
Inadequate Risk and Position Limits: We may fail to correctly apply risk controls to a client's or an
internal house account or open positions. If a client takes larger positions than are appropriate
and defaults, for example, we may suffer significant losses.
•
Change Management Risk: We may fail to implement key change initiatives with minimal
disruption to business-as-usual activities. We may also fail to mitigate the risks to which we could
be exposed because of such changes (for example, delay in embedding processes and controls
in connection with expansions of our business).
•
Personnel Error: Our employees or agents may commit errors or fail to carry out their assigned
roles properly (for example, "fat finger" incidents that lead to trades being executed incorrectly).
•
Personnel Misconduct: Our employees or agents may engage in misconduct, including
embezzlement of client funds, hiding unauthorized trading activities from us, using company funds
towards client entertainment in an inappropriate or excessive manner or in breach of clients' own
compliance requirements, improper or unauthorized activities on behalf of clients, improper use of
confidential information, the improper use of marketing materials or the inappropriate use of
authority or influence by current or former personnel.
•
Exchange and Clearing House Fines: As a member of multiple exchanges and clearing houses,
we are subject to the rules and regulations of such exchange and clearing houses. We have in the
past been subject to immaterial fines from exchanges or clearing houses as a result of our or our
clients' failure to comply with the exchange or clearing house rules, and we or our clients may fail
to comply with such rules in the future. Exchange and clearing house fines could result in financial
loss and reputational damage.
There is also a risk that our systems and infrastructure to support our risk management policies,
procedures and practices may be insufficient, disrupted or compromised.
Regulators have broad powers to investigate and enforce compliance with applicable rules and
regulations, and investigations themselves can be costly and disruptive to the business. Enforcement
powers include the ability of the FCA or other regulators to require us to appoint a skilled person and the
ability of the FCA or other regulators to appoint investigators, impose censures or financial penalties on
us, fine, suspend or prohibit our employees from performing regulated activities or limit or withdraw
authorizations that we require to operate portions of our business. Any such actions could also result in
significant damage to our reputation, material financial losses, potential litigation and private claims for
damages, or otherwise adversely affect our business, financial condition, results of operations and
prospects.
If we or our third-party providers fail to protect our IT systems or Confidential Information
this could, among other things, limit our ability to conduct our operations and lead to legal
liability, material financial penalties, or damage to our reputation, which could materially affect our
business, results of operations, and financial condition.
13
We depend on the capacity and reliability of the computer, communications, and other information
technology systems (collectively, "IT Systems") that are critical to our operations, whether owned and
operated internally or by third parties. We rely upon third party providers for the majority of our IT
Systems. We also rely on the integrity of the data held within and used by such IT Systems. These IT
Systems include broking platforms to transact business and middle-office and back-office systems to
record, monitor and settle transactions and allow for the storage and transmission of Personal Information
regarding our clients, employees, business partners and other third parties, as well as proprietary and
confidential business information or other critical data (collectively, "Confidential Information"). As such,
we may be an attractive target for data security attacks.
We face numerous and evolving cybersecurity risks that threaten the confidentiality, integrity and
availability of our IT Systems and Confidential Information, and the performance of these IT Systems
could deteriorate or fail. For example, our data center providers have also been subject to denial-of-
service ("DoS") attacks, and we have been the target of phishing attempts that have sought to mimic our
websites to lure clients into transferring money to fraudulent accounts. We have not experienced a DoS
attack impacting our ability to provide services since 2020 as we implemented several DoS protection
measures for our external-facing systems.
There has been an increasing number of cyberattacks in recent years, and the number and
complexity of these threats continue to increase over time. There is also a heightened threat of
cyberattacks on our third-party suppliers and service providers. For example, in January 2023, ION, the
third party on whom we rely as our back-office provider, was subject to a cyberattack, which suspended
access to trade management and reporting systems, but, to our knowledge, no Personal Information was
lost or exfiltrated. As a result, we had to adopt manual processes for several days, which resulted in a
significant increase in workload for our operations team and increased operational risk due to potential
human error in the processing or reporting of trades. ION implemented a number of measures designed
to prevent future cyberattacks, including multi-factor authentication programs and CrowdStrike.
The techniques used to obtain unauthorized access to systems or sabotage systems or disable or
degrade services, change frequently and are often unrecognizable until launched against a target, and
therefore, our cybersecurity measures have not in the past and may not in the future detect or prevent all
attempts to compromise our systems, including denial-of-service attacks, viruses, malicious software,
ransomware, break-ins, phishing attacks, social engineering, deepfakes or other similar technology,
security breaches or other attacks. Such cyberattacks may misappropriate Confidential Information held
by or on behalf of us, jeopardize the security of Confidential Information stored in and transmitted by our
IT Systems or cause disruption to our operations, or otherwise cause our business to suffer financial
losses or damages. Further, there can be no assurances that we will be able to prevent or control any
losses due to deepfakes or other malicious uses of artificial intelligence, which may develop in the future.
In addition, we may need to expend significant resources to protect against data security breaches or
mitigate the impact of any such breaches, including potential liability that may not be limited to the
amounts covered by our insurance, and any failure to prevent or mitigate security incidents could result in
significant liability and a material loss of revenue resulting from the adverse impact on our reputation and
brand, a diminished ability to retain or attract new clients and a disruption to our business.
Future incidents could also occur as a result of a loss of power, human error, a sudden spike in
transaction volumes, natural disasters, fire, sabotage, hardware or software malfunctions or defects,
computer viruses, intentional acts of vandalism, client error or misuse, lack of proper maintenance or
monitoring or other factors or events. Such incidents could cause many issues, including, but not limited
to:
•
significant disruptions in service to our clients;
•
slower response times;
•
delays in trade execution;
14
•
failed settlement of trades; and
•
incomplete or inaccurate accounting, recording, processing or reporting of trades.
If the IT Systems upon which we rely fail, or if we experience security incidents impacting our
Confidential Information, we may experience significant financial losses, litigation or arbitration claims
filed by or on behalf of our clients, regulatory enforcement or other actions. The above risks are
exacerbated as a result of us being a financial services provider that holds client funds and by the nature
of our business, which involves recording, storing, manipulating and disseminating significant amounts of
data.
Security breaches could also expose us to liability under various laws and regulations across
jurisdictions and increase the risk of litigation and governmental or regulatory investigation. Due to
concerns about data security and integrity, a growing number of legislative and regulatory bodies have
adopted breach notification and other requirements in the event that information subject to such laws is
accessed by unauthorized persons and additional regulations regarding security of such data are
possible. We may need to notify governmental authorities and affected individuals with respect to such
incidents; this is the case in, for example, the United States. We are also subject to the SEC's new
cybersecurity reporting obligations and laws in the European Union and United Kingdom which may
require businesses to provide notice to individuals whose Personal Information has been disclosed as a
result of a data security breach. Complying with such numerous and complex regulations in the event of a
data security breach would be expensive and difficult, and failure to comply with these regulations could
subject us to regulatory scrutiny and additional liability. We may also be contractually required to notify
clients or other counterparties of a security incident, including a data security breach. Regardless of our
contractual protections, any actual or perceived data security breach, or breach of our contractual
obligations, could harm our reputation and brand, expose us to potential liability or require us to expend
significant resources on data security and in responding to any such actual or perceived breach. Any such
breach, disruption or failure could also have a negative effect on our reputation and may adversely affect
our business, financial condition, results of operations and prospects.
We are subject to risks related to OTC derivatives transactions due to the inability to
adequately hedge our positions, limitations on our ability to modify contracts and the contractual
protections that may be available to us.
We offer bespoke, off-exchange hedging solutions in the form of customized OTC derivatives
hedging through the Hedging Solutions division of our Hedging and Investment Solutions business,
particularly in commodity products, to clients who cannot fulfil their specific hedging requirements with
exchange-traded derivatives. After entering into a customized contract for a client, we may be unable to
find a standardized contract that matches relevant parameters. As a result, we may be unable to fully
hedge our exposure under the customized contract. There may also be mismatches or delays in the
timing of cash flows due from or to counterparties in the OTC derivatives transactions or related hedging,
trading, collateral or other transactions. We may not have adequate cash available to fund our current
obligations, or our counterparty may fail to retain adequate cash to meet its obligations to us. In either
case, we may suffer losses.
Generally, OTC derivatives transactions may only be modified or terminated by mutual consent of
the parties to the transaction (other than in certain limited default and other specified situations, such as
market disruption events) and subject to agreement on individually negotiated terms. Accordingly, it may
not be possible to modify, terminate or offset obligations or exposure to the risks associated with a
transaction prior to its scheduled termination date.
Any of the above factors could adversely affect our business, financial condition, results of
operations and prospects.
15
We are subject to exposure to cryptocurrencies and potential losses and reputational
impact from clients trading derivatives or other financial products linked to cryptocurrencies. We
may also be impacted by developing regulation of cryptocurrencies and related activities.
We offer a limited number of structured notes and OTC derivatives through our Hedging and
Investment Solutions business. In addition, through our Clearing business, we offer a limited number of
exchange-traded derivatives linked to cryptocurrencies, and we offer clients the ability to trade shares in
Exchange Traded Funds ("ETFs") linked to the performance of cryptocurrencies such as Bitcoin and
Ethereum. We may also trade on our own account certain cryptocurrencies and financial products that are
linked to cryptocurrencies primarily to hedge our exposure to our obligations under such offerings, but
also on a limited scale in order to generate a favorable funding spread.
The value of cryptocurrencies is based in part on market adoption and future expectations, which
may or may not be realized. As a result, the prices of cryptocurrencies are highly volatile. Such prices
have been in recent periods, and are likely to continue to be, subject to significant fluctuations. While we
do not consider our exposure to cryptocurrency to be material to our business, if the value of the
cryptocurrencies to which we and our clients are exposed declines, we could incur financial losses.
We may experience financial loss and reputational damage from our involvement in regulatory or
legal proceedings related to cryptocurrency. For example, MCMI was previously involved in legal
proceedings with BlockFi Inc. et al. (collectively, "BlockFi") regarding assets that were held in an MCMI
client account by Emergent Fidelity Technologies LTD ("Emergent"), which is an affiliate of former
cryptocurrency exchange FTX Trading Ltd. ("FTX"). BlockFi alleged that the assets were the subject of a
pledge agreement entered into between BlockFi and Emergent, and in November 2022 commenced
proceedings against Emergent (in which MCMI, as custodian of the assets, was included) to enforce the
terms of the pledge agreement. MCMI subsequently received a Warrant of Seizure from the U.S.
Department of Justice ("DOJ") in respect of the assets and complied with the same, transferring the
assets to the DOJ in January 2023. The case against MCMI was closed in September 2024 following the
settlement of BlockFi's claims in the FTX bankruptcy and the subsequent transfer of those claims against
Marex to FTX. BlockFi's claim did not allege any wrongdoing or wrongful misconduct by MCMI; it only
alleged that MCMI had been the custodian of the assets that are the subject of BlockFi's purported
claims.
MCMI has also been subjected to various requests from regulatory bodies and governmental
authorities, including the DOJ, arising from the FTX bankruptcy in connection with the accounts of
Alameda Research LLC ("Alameda"), also an affiliate of FTX, and Emergent held with MCMI. While we do
not believe these regulatory or legal proceedings will have a material impact on our business, particularly
given that our financial loss in these proceedings is limited to the immaterial legal fees we have incurred,
any such proceedings in the future could harm our reputation, business and financial condition.
The regulatory approach to cryptocurrencies and related activities is an area that is under
constant review by financial services regulators in various jurisdictions. As such, we are subject to the
continued risk of legislative and regulatory change in this area, which may affect our ability to offer the
limited number of structured notes and OTC derivatives that we currently do through our Hedging and
Investment Solutions business and the exchange-traded derivatives and ETFs that we currently do
through our Clearing business. While we do not believe these legislative or regulatory changes will have a
material impact on our business, particularly given the limited nature and size of our cryptocurrency
activities, changes in rules might restrict these aspects of our business or may require us to obtain new
permissions to continue with our activities.
We may not detect, deter or prevent misconduct, errors, failures or fraudulent activity by
our clients, employees, agents or other third parties and, subsequently, we are subject to risks
relating to potential securities law and regulatory liability.
16
We are exposed to potential losses due to fraud or misconduct, or breaches of the terms agreed
between us, by our clients, counterparties, employees, agents and third parties and, subsequently, to
substantial risks of liability under federal and state securities laws and other federal and state laws and
court decisions, as well as rules and regulations promulgated by the FCA, the SEC, the CFTC, state
securities regulators and foreign regulatory agencies. For example, clients or people impersonating
clients may engage in fraudulent activities, including the improper use of legitimate client accounts or
providing fraudulent documentation in connection with transactions. Such events have occurred in the
past and may occur in the future.
Certain of our businesses may be exposed to a higher risk of financial crime or fraud due to the
regulated environment in which we operate, the type of relationships we maintain with our clients, the
products and services offered and our significant reliance on technology as part of our trading platforms.
There is a heightened risk of fraud when trading in physical commodities due to the nature of the
industry's operations and its reliance on physical documentation in connection with the transport and
storage of such commodities. There have been several well-publicized incidents of commodity trading
frauds in recent years, including two instances in 2023 in which it was discovered that the cargoes
acquired did not contain the metal products they purported to hold. As we and, more importantly, our
clients are involved in this market, we are exposed to certain risks through our trading activities and could
suffer financial loss in the event that commodities acquired by us or our clients are discovered to be
different to those we and they believed we were purchasing.
Our employees and agents may engage in unauthorized trading activity, attempt to defraud us or
violate our policies or legal or regulatory standards. There are also risks that our employees may
improperly use or disclose confidential information and material non-public information provided by our
clients that could subject us to regulatory and criminal investigations, disciplinary action, fines, or
sanctions, and we could suffer serious harm to our reputation, financial position, the trading price of our
securities, current client relationships and ability to attract future clients. These risks may increase as the
result of recent scrutiny of electronic trading and market structure from regulators, lawmakers and the
financial news media. The use of off-channel electronic messaging applications by our employees to
transmit confidential or sensitive data could subject us to investigations, regulatory fines and severely
impact our reputation. For example, regulators, such as the staff of the SEC's Division of Enforcement
and Ofgem, the U.K. energy market regulator, have, as part of a widely publicized industry sweep,
conducted investigations of several financial institutions' records preservation requirements relating to
business communications sent over off-channel electronic messaging platforms, some of which have
resulted in substantial monetary penalties. Any such activities may be difficult to prevent or detect, and
our internal policies and procedures may be inadequate or ineffective. As a result, we may suffer losses
that we may not be able to recover, as well as being subject to regulatory enforcement proceedings and
penalties, such as fines. There have also been several highly publicized cases involving fraud or other
misconduct by employees and agents of financial services firms in recent years, and various
investigations have been conducted by the FCA in the United Kingdom, the CFTC, the SEC and FINRA in
the United States and other regulators around the world. In addition, although we have established
policies and procedures designed to train, prevent and detect misconduct, errors and fraud, we may not
be able to completely detect, prevent or deter such conduct and may be at risk of suffering losses.
Our reputation may also be damaged by any involvement, or the involvement of any of our
employees, former employees or agents, in any regulatory investigation and by any allegations or findings
by relevant regulators or courts, even where the
associated
fine or penalty is not material.
Further, we outsource certain aspects of our business to third-party service providers in
accordance with applicable rules and regulations. If the capabilities of these service providers fail or if
other issues impact these third-party services, our business, financial condition, results of operations and
prospects could be adversely impacted, and we may become subject to regulatory fines or legal action as
a result of such events.
17
Any such misconduct, errors, failures or fraudulent activity or any impact thereof, may adversely
affect our business, financial condition, results of operations and prospects.
We are subject to risks related to the transactions that we enter into between buyers and
sellers of physical commodities.
In connection with certain parts of our business, we enter into a limited number of transactions as
principal to buy and sell physical products (including metals and petrochemical products). We are
exposed to potential losses where our buyer alleges that the physical commodities received by them do
not match the specifications that we have agreed with them and we are unable to recover the value of the
buyer's claim from our seller.
In addition, the industry for certain physical products is subject to national and international
environmental and health and safety laws and regulations as well as product safety and product
stewardship regimes, including in relation to the handling, testing, storage and transport of such products.
We may incur significant costs due to violations of or liabilities under such laws, including liabilities related
to contamination at third-party facilities, where these involve fines, penalties, clean-up costs or third party
claims. These laws, regulations and requirements may also be subject to constant review by governments
and other competent authorities and often change. While we do not believe that any such changes would
have a material impact on our business, particularly given the limited nature and size of our activities, they
could result in us incurring additional costs in future because of the need to comply with any new
requirements or having to vary the terms of licenses held by us or obtain new licenses or otherwise
restrict our ability to perform this business.
Any of these factors, or the defence of our contractual rights, could adversely affect our business,
financial conduction, results of operations and prospects.
We are subject to risks relating to litigation and may suffer losses and incur costs as a
result.
From time to time, we are and may become involved in legal proceedings, government and
agency investigations and employment or any other employee related disputes, tort, product liability or
safety claims and other litigation, including legal proceedings involving our clients and suppliers. We may
take legal action to enforce our contractual, intellectual property and other rights where we believe those
rights have been violated and that legal action is an appropriate remedy. We may also initiate claims
against or enter into disputes with our clients, particularly in the context of client defaults and in
connection with our brokerage activities, and may incur significant costs in defending any such claims or
in making payments to resolve any such disputes.
If a client defaults, we may be unable to recover the funds owed to us by such client due to their
insolvency or for other reasons. Because we operate internationally, we may also be subject to client
disagreements on the application of contracts that are governed by English law or U.S. state law (as is
the standard position under our client agreements). Clients outside the United Kingdom or the United
States may claim that English or U.S. state law governed contracts are inapplicable in their respective
countries, and any subsequent application of local law may be less favorable to us in our claim against
the client. A third party may also initiate legal action against us or one of our acquired companies in
relation to such company's activities prior to their acquisition by us, which we then must defend or settle.
For example, in 2023 MCMI was involved in legal proceedings initiated by BlockFi entities regarding
disputed assets formerly held by MCMI's client, Alameda, an affiliate of former cryptocurrency exchange
FTX, and Emergent, an affiliate of Alameda. As a result of such proceedings, we incurred costs, faced
reputational damage and our defence of such proceedings required our management's attention and
time. While these proceedings did not have a material impact on our business, any legal proceedings in
the future could harm our reputation, business and financial condition.
18
We may also be subject to claims of economic or reputational significance, whether by a third
party or an employee (current or former) or agent. Such claims could involve, among other things:
•
acts inconsistent with employment law or health and safety laws;
•
contractual agreements;
•
infringements of intellectual property rights; or
•
personal injury, diversity or discrimination claims.
We are subject to the risk of litigation and claims that may be without merit. At present and  from
time to time, we, our past and present officers, directors and employees are and may be named in legal
actions, regulatory investigations and proceedings, arbitrations and administrative claims and may be
subject to claims alleging the violations of laws, rules and regulations, some of which may ultimately result
in the payment of fines, awards, judgments and settlements. We could incur significant legal expenses in
defending ourselves against and resolving lawsuits or claims even if we believe them to be meritless.
We cannot predict with certainty the outcomes of these legal proceedings. The outcome of some
of these legal proceedings could require us to take, or refrain from taking, actions that could negatively
affect our business or could require us to pay substantial amounts of money adversely affecting our
financial condition and results of operations. There can also be no assurance that we are adequately
insured to protect against all claims and potential liabilities.
The defense of our contractual rights may be protracted, involve the expenditure of significant
financial and managerial resources and may ultimately not be successful, which could result in a negative
perception of us and cause the market price of our securities to decline, any of which may adversely
affect our business, financial condition, results of operations and prospects.
If we lose access to exchanges in the jurisdictions where we operate, our ability to
undertake some or all of our execution and clearing services would be affected.
We have membership to 60 exchanges (including the LME, Chicago Metal Exchange ("CME"),
Dubai Gold & Commodities Exchange ("DGCX"), Singapore Exchange ("SGX"), European New Exchange
Technology ("Euronext"), Intercontinental Exchange ("ICE") Futures and the Eurex Exchange) and
maintain an ongoing dialogue with regulatory personnel of each such exchange. Our memberships with
regulated exchanges allow us to generate revenue through commissions earned on executing and
clearing trades. In order to maintain these memberships, we are required to comply with the rules of the
relevant exchanges. We have in the past been, and may in the future be, subject to inquiries or actions by
exchanges for non-compliance with applicable rules. If we fail to comply with such rules or default on our
membership obligations (for example, by failing to pay required margin), we may be exposed to potential
action from such exchanges including warnings, monetary penalties, suspension or cancellation of
membership. If we lose some or all of our memberships, or if any of the relevant exchanges cease their
operations, we would lose access to these revenue streams.
If any exchange implements structural changes, such as adverse fee structures or higher margin
requirements, our business could be negatively impacted. If the exchanges relax membership
requirements, our clients may decide to become members, and the demand for our services may decline
as a result. We are, through our subsidiary, Marex Financial, a Category 1 member and Ring Dealer on
the LME, which historically has had only a small number of members. If the LME were to revoke Marex
Financial's membership, adopt an adverse fee structure or extend membership opportunities to a wider
group, or if the LME were to cease operating, Marex Financial's financial performance would be adversely
impacted, which would, in turn, adversely affect our business, financial condition, results of operations
and prospects.
19
We require access to clearing and settlement services and other market infrastructure
arrangements, and without access to such arrangements, our ability to undertake some or all of
our activities would be adversely affected.
We use various Clearing Houses and settlement systems, such as T2 and Clearstream, across
our businesses. Loss of access to, or restrictions on our use of, these services due to non-compliance
with membership or participants' requirements, post-Brexit or other regulatory changes, credit or
reputational issues or for other reasons could impact our ability to carry out our activities. If exchanges,
Clearing Houses or other relevant counterparties fail to perform their obligations, or they take certain
actions in response to, for example, market volatility, we and our clients may experience financial losses
and margin calls. For example, due to significant volatility in nickel trading, Marex Financial and its clients
were required to meet intraday exchange and margin calls on short or immediate notice in March 2022. In
some cases, such nickel transactions were canceled, which caused those clients to suffer material
financial losses and liquidity issues, which resulted in delayed payments by certain clients of our margin
calls.
As a member of various Clearing Houses, we must make default fund contributions to the
Clearing Houses. If another member defaults on their payment obligations to the Clearing Houses, we
may lose a percentage of the default fund contributions that we have been required to make as a member
of the Clearing Houses. We may suffer financial losses if clients default on their payment obligations to
the Clearing Houses or if exchanges, Clearing Houses or other relevant counterparties fail to perform
their obligations, which may adversely affect our business, financial condition, results of operations and
prospects.
Our success depends on the continued contributions of our key personnel, including our
brokers, and our ability to recruit, train, motivate and retain them.
Our success depends on the expertise and continued services of certain key personnel,
including:
•
personnel involved in the management and development of our business;
•
front-office staff directly generating revenue, such as brokers; and
•
back-office staff involved in management of our control and support functions.
Our ability to recruit, train, motivate and retain qualified and highly effective personnel in all areas
of our business and ensure that our employment contract terms are appropriate and preserve flexibility is
an important driver of our future success. We must also retain and motivate employees as part of
acquisitions we undertake, as the retention of employees of acquired businesses may be crucial to our
ability to integrate such acquisitions into our business or to maintain the success of the businesses we
acquired.
We compete with other brokers and banks for front-office staff. This competition is intense and
may further intensify in the future. Our competitors have in the past and may try again in the future to
poach large numbers of brokers who have key counterparty relationships and relevant market knowledge
and play an important role in our acquisition and retention of business from clients. Salary and bonus
levels for front-office staff are generally based on activity levels generated by the individual broker's team
and are sensitive to market compensation levels paid by competitors. Such competition, particularly for
brokers, may significantly increase our front-office staff costs. If we lose front-office staff to competitors,
we may experience losses of capability, client relationships and expertise.
When hiring front-office staff, we will generally agree salary and bonus levels based on an
employee's representations of their activity levels, which may include certain performance-based targets.
If an employee is unable to achieve these performance-based targets, we may become subject to a
20
dispute over the payments of the compensation linked to such targets. This may result in front office staff
resigning, and we may experience losses in client relationships and employee knowledge, capability and
expertise. Further, as a result of any such disputes, we may also become involved in litigation with such
employees. For example, in 2024 we were involved in two disputes with former employees in the United
States over compensation payments that the employees claimed were due to them in connection with
their employment, and in the course of defending our position incurred legal costs and a loss of
management time. In addition, where we hire teams of front-office staff from our competitors, there is a
risk that we may become involved in litigation with these competitors, which may incur legal costs and
require management time.
If we fail to attract and retain highly skilled brokers and other employees, lack the flexibility to
make appropriate employment-related decisions due to labor groups or otherwise, incur increased costs
associated with attracting and retaining personnel or fail to assess training needs adequately or deliver
appropriate training, we may be unable to compete effectively. Our failure to successfully manage these
risks could adversely affect our business, financial condition, results of operations and prospects.
The markets in which we operate are highly competitive, and competition could intensify.
If we are unable to continue to compete effectively, our business may be materially adversely
affected.
We have numerous current and potential competitors, both in the United Kingdom and
internationally, including other brokers and banks. Some of our current and potential competitors may
have larger client bases, more established name recognition and greater financial, marketing, technology
and personnel resources than we do. Some of our competitors and potential competitors may offer
services that are disruptive to current market structures and assumptions. Such factors may enable them
to, among other things:
•
develop services similar to ours or new services that our clients prefer;
•
provide access to trading in products or a range of products that we do not offer;
•
provide better execution services and lower transaction costs;
•
provide new services more quickly and efficiently;
•
offer better, faster and more reliable technology;
•
take greater advantage of new or existing acquisitions, alliances and other opportunities;
•
more effectively market, promote and sell their services;
•
migrate products more quickly or effectively to electronic platforms, which could move trading
activity from us;
•
better leverage their relationships with their clients, including new classes of client; and/or
•
offer better contractual terms to their clients, including lower commission rates.
Our competitors may develop new electronic trade execution or market information products that
gain wide acceptance in the market, the development of which, or shifts in market practice as a result of
which, could give relevant competitors a "first mover" advantage that may be difficult for us to overcome.
Any shift away from voice trading to electronic trading, for example, may expose us to substantial losses,
as we may be left with contractual obligations to maintain staff and brokers suited to and trained for voice
trading rather than electronic trading.
21
New or existing competitors could gain access to markets or services where we currently enjoy a
competitive advantage. These could include banks and other financial institutions with which we have
competed historically, should they choose to re-enter the commodity industry. Competitors may have a
greater ability to offer new services or existing services to more diverse clients. Such factors may erode
our market share or our current competitive advantages.
Even if new or existing competitors do not significantly erode our market share or competitive
positioning, they may offer their services at lower prices. If we are required to reduce our commissions to
remain competitive, our profitability may be adversely affected. Competitors may offer their services at a
loss to attract new business, which could cause us to dramatically lower our commissions or risk losing
clients.
To remain competitive, we must continue to invest in the development of our business to
respond to changing trends and remain competitive with our research, technology and data
offerings. If we fail to do so successfully, we may be adversely impacted.
To remain competitive in the dynamic markets in which we operate, we must invest in the
development of our business to respond to changes in client demands. We may need to be responsive to
changing trends, particularly regarding energy products. We will also need to be competitive in the
development of our research, technology and data offerings. The artificial intelligence tools we rely on,
such as the Neon trading platform, can quickly become eclipsed by newer technological offerings such as
novel electronic trade execution or market information products.
Our business development activity may include:
•
hiring brokers;
•
opening offices in new countries;
•
expanding existing offices and infrastructure;
•
providing broking and other services in new product markets (such as renewables);
•
serving different types of clients;
•
developing and/or acquiring new technology; and
•
undertaking activities through different business models.
Such activity may be achieved by investing in existing businesses and may result in changes to
our risk profile. Failure to expand the business effectively, to manage changes in our risk profile
appropriately or to realize the benefits of investments in some markets may adversely affect our business
or prevent us from achieving the anticipated benefits.
Further, any consolidation among our clients may also cause us to depend on a smaller number
of clients, which could result in additional pricing pressure and/or require us to implement changes in
order to service these clients. If our business depends on maintaining good relationships with a small
number of clients, any adverse change in those relationships could adversely affect our business,
financial condition, results of operations and prospects.
Climate change and a transition to a lower carbon economy may disrupt supply chains
and lead to decreases in consumer demand and the size of the market for certain of our energy
products.
Climate change could cause severe weather events, including significant rainfall, flooding,
increased frequency or intensity of wildfires, prolonged drought, rising sea levels and rising heat index,
22
any of which could disrupt our and our clients' supply chains and otherwise adversely affect the
businesses of our clients and, in turn, their ability to meet their financial obligations to us. For example,
extreme weather caused by climate change has in the past and could impact the growing seasons, water
availability and crop productivity of the agriculture industry and, as a result, adversely affect the financial
condition and prospects of our agriculture clients.
Laws, regulations, policies, social attitudes, client preferences, market responses and
technological developments and innovations relating to climate change and the transition to a lower
carbon economy could also adversely affect our business, financial condition, results of operations and
prospects. See Item 3D "Risk Factors – Environmental, social and governance factors are key and
growing focus areas for politicians, policy makers, regulators, investors, activists and consumers
worldwide. If we fail to keep pace with the growing body of legislative and regulatory reform in this area
and regulator and client expectations, our business may be adversely affected.
If regulatory incentives alter fuel or power choices, there may be a decrease in the size of the
markets for certain energy products where we historically had significant market shares (such as fuel oil).
We may fail to capture market share as interest increases in new energy products or adequately price
future assumptions for these new commodities. Depending on the nature and speed of any such
changes, we may be unable to successfully compete in or transition away from oil and gas to renewable
commodity markets or from, for example, crude oil and residual fuel to middle distillates or higher
distillates, such as liquid natural gas. Failure to make such a transition may result in decreased revenue,
which could adversely affect our business, financial condition, results of operations and prospects.
We will need to replace, upgrade and expand our computer and communications systems
in response to technological or market developments, and the failure to do so could adversely
affect the performance and reliability of such systems and networks, and as a result, our ability to
conduct business.
Any failure to adequately maintain and develop our computer and communications systems and
networks could adversely affect the performance and reliability of such systems and networks, which in
turn could harm our business.
The markets in which we compete are characterized by rapidly changing technology, evolving
client demand and uses of our products and services and the emergence of new industry standards and
practices. Changes in any of these factors could render our existing technology and systems obsolete or
undermine the attractiveness of new products and services that we develop. Our future success will
depend in part on our ability to anticipate and adapt to technological advances, evolving client demands
and changing standards in a timely, cost-efficient and competitive manner and to upgrade and expand our
systems and client offerings accordingly.
Any further upgrades or expansions in technology and the use of such technology may require
significant expenditures. Updates to our systems may result in program errors, which could negatively
impact our business and our clients. We may fail to update and expand our systems adequately, and any
upgrade or expansion attempts may not be successful or accepted by the marketplace or our clients. If
we fail to update and expand our systems and technology adequately, or to adapt our systems and
technology to meet evolving client demands (particularly in more conservative markets such as the United
States) or emerging industry standards, we may be unable to compete effectively. Our failure to
successfully manage these risks could adversely affect our business, financial condition, results of
operations and prospects.
If we lose access to our premises or become unable to operate from our facilities, our
ability to conduct our business may be limited.
Our employees operate from premises that provide the necessary facilities and systems to enable
them to carry out their roles. Our disaster recovery sites, work-from-home policies and capabilities and
23
business continuity plans may not cover all activities within our business. If our business continuity plans
do not operate effectively, or if our work-from-home capabilities fail, our business may be adversely
affected. Any of the above factors could adversely affect our business, financial condition, results of
operations and prospects.
Acquisitions may expose us to regulatory or legal proceedings, which could adversely
impact our reputation and result in financial losses.
When acquiring a business, we may enter into an agreement with the seller to acquire either the
entire share capital of the target company or all or certain assets of the target company. If we identify a
specific matter during the due diligence process that could expose us to litigation or other material risks,
we may structure the transaction so that instead of acquiring the target company from the seller, we
acquire substantially all the assets of such company but exclude specific liabilities from the transaction. In
such case, the company and the excluded liabilities would remain with the seller.
Despite these arrangements, we may nevertheless become involved in legal proceedings after an
acquisition is completed. For example, a third party may initiate a claim against us, instead of the seller, in
connection with liabilities that were specifically excluded from the scope of the acquisition, which may
cause us to suffer reputational damage. If we are required to pay any fees, including legal fees, as a
result, we may need to seek compensation from the seller, which may be difficult to obtain.
In addition, we may become involved in regulatory proceedings in connection with pre-acquisition
events. For example, in 2023 and 2024, MCMI was subject to various requests from regulatory bodies
and governmental authorities in connection with the FTX bankruptcy and the accounts held with MCMI by
FTX's affiliates, Alameda and Emergent.
Even where we are not directly involved in regulatory or legal proceedings, our reputation and/or
the reputation of our acquired companies may be adversely affected by pre-acquisition events. For
example, in June 2023, the FCA in the United Kingdom fined ED&F Man Capital Markets Limited (now
called MCML Limited), the U.K. subsidiary of ED&F Man Holdings Limited that we did not acquire, £17.2
million for failing to ensure that certain dividend arbitrage trading activities that its clients carried out
between February 2012 and March 2015 were legitimate. Liability for these activities remained with the
ED&F group, as we had identified these as a risk during our due diligence process and intentionally
structured our acquisition of ED&F Man Capital Markets in the United Kingdom as an asset sale to
exclude any such losses or liabilities. However, our association with ED&F Man Capital Markets Limited
and the press coverage of the fine caused us to contact certain press agencies to correct certain facts
from the way they were initially reported. We have also been incorrectly served with legal proceedings in
connection with the same activities.
Regulatory or legal proceedings arising from an acquisition could also divert our management
team and resources away from core business activities and the execution of our business strategy. Our
failure to successfully manage these risks could adversely affect our business, financial condition, results
of operations and prospects.
If we fail to identify and complete further acquisitions on favorable terms or at all, or fail to
effectively integrate our acquisitions, our future growth could be adversely affected.
Since 2019, we have made numerous acquisitions of varying sizes in the United Kingdom, United
States, Asia-Pacific region and Europe, including CSC Commodities UK Limited, the business and assets
of the Rosenthal Collins Group LLC, X-Change Financial Access LLC ("XFA"), the UK business of and
certain US entities from ED&F Man Capital Markets, the brokerage business of and select entities from
the OTCex/HPC group and Cowen's legacy prime services and outsourced trading business. A significant
portion of our historical growth has been achieved through strategic acquisitions. We believe acquisitions
will continue to form a central pillar of our growth strategy going forward. Our ability to successfully
identify and complete further acquisitions will depend on many factors, including:
24
•
the availability of suitable acquisition opportunities;
•
obtaining any required financing on suitable terms;
•
the level of competition from other companies, which may have greater financial resources;
•
our ability to value potential acquisition opportunities accurately and negotiate acceptable terms
for those opportunities; and
•
our ability to obtain approvals and licenses from the relevant governmental authorities and to
comply with applicable laws and regulations without incurring undue costs and delays.
Acquisitions may divert significant management time and attention from the ongoing development
and operation of our business. Any of these factors could adversely affect our ability to identify and
complete further acquisitions on favorable terms or at all. If we negotiate acquisitions that are not
ultimately consummated, such negotiations could divert management time from core business activities
and result in significant out-of-pocket costs.
Even if we are able to acquire other businesses, we may encounter challenges when integrating
acquisitions into our business, including challenges that we cannot anticipate or foresee at the time of
acquisition. If we fail to retain the existing clients of the acquired companies or to retain and assimilate
such companies' key personnel, the expected revenue and cost synergies associated with such
acquisitions may not be realized in full or at all. The process of integrating any acquisitions may also take
longer than expected. If we encounter any unforeseen legal, regulatory, contractual, employment or other
issues or significant unexpected liabilities or contingencies, the integration process may be further
delayed.
Other challenges may arise during the integration process. We may fail to effectively integrate the
acquired business into our financial reporting, information technology and/or risk management
frameworks. As our business continues to grow, we will be required to further develop and enhance our
managerial, operational and other resources and to embed effective internal controls and governance
procedures at a rate that is commensurate to the growth of our business. If we fail to effectively manage
the integration process, we may be subject to additional regulatory scrutiny and the potential for
regulatory sanctions, increased compliance and other costs and damage to our reputation. After the
integration process is complete, we may fail to realize the expected benefits of our acquisitions. Since a
significant portion of our historical growth, including our recent growth, has been achieved through
acquisitions, any failure to successfully manage these risks may adversely affect our business, financial
condition, results of operations and prospects.
Our due diligence in connection with acquisitions may not effectively identify, or the seller
may omit to disclose, material matters that could expose us to legal proceedings or regulatory
action or result in reputational harm and/or financial loss.
When conducting due diligence and assessing an acquisition target prior to completion, our
management team and our legal and financial advisers rely on the resources available to them, including
information and data regarding an acquisition target that the seller will have provided directly. Our
management team and advisers may not be able to confirm the completeness, genuineness or accuracy
of such information and data. As a result, we depend on the integrity and accuracy of the seller and any
parties that act on the seller's behalf. The due diligence process may also be expedited where we are
seeking to take advantage of short-lived acquisition opportunities. As a result, the available information at
the time of an acquisition decision may be limited, inaccurate and/or incomplete, and our management
team and advisers may not have sufficient time to fully evaluate such information even if it is available.
The due diligence process may not reveal or highlight all relevant facts that may be necessary or
helpful when we are evaluating an acquisition opportunity. For example, we may fail to identify or assess
25
the magnitude of certain liabilities, shortcomings or other circumstances when we are determining the
value of an acquisition target. We will also make subjective judgments about the results of operations,
financial condition and prospects of an acquisition target. If the due diligence process fails to correctly
identify material risks and liabilities, or if we consider such material risks to be commercially acceptable
relative to the opportunity and we do not receive adequate recourse for such risks, we may not be able to
recover our losses from the seller. We may also have to litigate to recover losses, which may be costly
and divert management attention, and we may suffer reputational damage as a result.
The value of an acquisition target may also be affected by fraud, misrepresentation or omission
by the seller, its advisers or other parties. Such fraud, misrepresentation or omission may artificially inflate
our valuation of the acquisition target, causing us to overpay, or increase the risk that the acquired
company is subject to unforeseen litigation or regulatory action after completion. Any of the above factors
could adversely affect our business, financial condition, results of operations and prospects.
Our risk management policies and procedures may leave us exposed to unidentified or
unanticipated risk, which could harm our business.
Our risk management policies and procedures may not be fully effective in mitigating our risk
exposure in all market environments or against all types of risk, including risks that are unidentified or
unanticipated. These policies and procedures rely on a combination of technology and human controls
and supervision that are subject to error and failure. Some of our methods for managing risk are
discretionary by nature and are based on internally developed controls and observed historical market
behavior and also involve reliance on standard industry practices. These methods may not adequately
prevent losses, particularly as they relate to extreme market movements, which may be significantly
greater than historical fluctuations in the market. In addition, our policies and procedures may not
adequately prevent losses due to technical errors if our testing and quality control practices are not
effective in preventing software or hardware failures.
To the
extent
that we elect to adjust our policies and procedures for the management of risk to
allow for an increase in risk tolerance, we will be exposed to the risk of greater losses. For example, we
currently use two methods for measuring VaR across our businesses, as part of the business that we
acquired from ED&F Man Capital Markets used a different VaR model. Because we do not use one
consistent measure of VaR, there is a risk that we might be exposed to unidentified or unanticipated risks,
such as the risk that the aggregate impact of a market event may be incorrectly assessed and/or that a
concentration risk to an underlying product may be inaccurately measured. As a result, we recognize the
limitations by augmenting our VaR metrics under different methodologies and measures of risk, and we
apply a wide range of stress testing, both on individual portfolios and on our consolidated positions. We
continue to develop our VaR framework and risk sensitivities to help us ensure a more consistent method
of risk management for all desks.
Even if our risk management policies and procedures are effective in mitigating known risks, new
unanticipated risks may arise, and we may not be protected against significant financial loss stemming
from these unanticipated risks. These new risks may emerge if, among other reasons, regulators adopt
new interpretations of existing laws, new laws are adopted or third parties initiate litigation against us
based on new, novel or unanticipated legal theories. Our policies and procedures may not prevent us
from experiencing a material adverse effect on our financial condition and results of operations and cash
flows.
Risks Relating to Our Financial Position
Changes in judgments, estimates and assumptions made by management in the
application of our accounting policies may result in significant changes to our reported financial
condition and results of operations.
26
Accounting policies and methods are fundamental to how we record and report our financial
condition and results of operations. In the application of our accounting policies, management must make
judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not
readily apparent from other sources.
These judgments, estimates and assumptions are based on historical experience and other
factors that are considered relevant. Judgments, estimates and assumptions are reviewed on an ongoing
basis and revisions to accounting estimates are recognized in the accounting period in which an estimate
is revised. Actual results may differ from these estimates, and revisions to estimates can result in
significant changes to the carrying value of assets and liabilities. Because of the uncertainty surrounding
management's judgments and related estimates, we may make changes in accounting judgments or
estimates that have a significant effect on the reported value of our assets and liabilities and our reported
results of operations and financial position.
We require financial liquidity to facilitate our day-to-day operations. Lack of sufficient
liquidity could adversely impact our operations and limit our future growth potential.
We require substantial financial liquidity to facilitate our operations. Our business involves the
establishment and carrying of substantial open positions for our clients on exchanges and in the OTC
derivatives markets. We must post and maintain margin or credit support for these positions. Significant
adverse price movements can occur that require us to post margin or other deposits on short notice,
whether or not we are able to collect additional margin or credit support from our clients.
We may depend on
our
debt financing arrangements to fund margin calls and other operating
activities. Any limitations on these sources of liquidity may limit our future growth potential. Our failure to
fund margin calls and other operating activities, or a general lack of sufficient liquidity, may prohibit us
from developing, enhancing and growing our business, taking advantage of future opportunities and
responding to competitive pressure, any of which may adversely affect our business, financial condition,
results of operations and prospects. We also rely on our structured notes program, under which we and
our subsidiary Marex Financial issue warrants, certificates or notes, including auto callable, fixed, stability
and credit-linked notes with varied terms (the "Structured Notes Program"), as an important source of
liquidity. As of December 31, 2024, we had
$2,667.4m
debt securities outstanding under the Structured
Notes Program, some which may be automatically redeemed if certain underlying conditions outside of
our control are met. If a large amount of investors are able to redeem these debt securities, this could
negatively impact our liquidity. If our Hedging and Investment Solutions business is unable to sell
structured notes to investors, either because of a credit downgrade or for any other reason, this may limit
our future growth, and we may need to raise additional funds externally, either in the form of debt or
equity.
Changes to our
credit
ratings may impact our access to liquidity and future growth
potential.
In addition to our Structured Notes Program, we have a Euro Medium Term Note Program
("EMTN Program"), a public offer program, under which our subsidiary Marex Financial issues warrants,
certificates or notes, including auto-callable, fixed, stability and credit-linked notes with varied terms (the
"Public Offer Program"), a Tier 2 Capital structured notes program within which Marex Financial, as issuer
or co-issuer, can offer investors returns that are linked to the performance of a variety of asset classes
(the "Tier 2 Program") and have issued a Fixed Rate Reset Perpetual Subordinated Contingent
Convertible Notes Program ("AT1 Securities"). On October 28, 2024, we also filed a Senior Notes
Registration Statement with the SEC to offer, on a continuous basis, up to
$700 million
in aggregate
principal amount (or the equivalent thereof if any other currency) of senior notes due nine months or more
from date of issue ("Senior Notes" and the Senior Notes program the "Senior Notes Program"). A
downgrade of our or Marex Financial's credit rating could have a material adverse effect on our ability to
issue and sell the securities under the Structured Notes Program, EMTN Program, Public Offer Program,
the Tier 2 Program or the Senior Notes Program or to issue additional AT1 Securities, as, in either case,
27
the securities would be less attractive to potential investors. Our clients' confidence in our business may
also be affected by any credit rating downgrade.
If we experience a credit rating downgrade, we may be unable to renew the revolving credit
facility we have with HSBC Bank PLC, Barclays Bank plc, Bank of China Limited, London Branch and
Industrial and Commercial Bank of China Limited, London Branch (the "Marex Revolving Credit Facility"),
the revolving credit facility MCMI has with BMO Harris Bank N.A. (now BMO Bank N.A.) and a syndicate
of lenders (the "MCMI Revolving Credit Facility") or the uncommitted securities financing facility with BMO
Harris Bank N.A. (now BMO Bank N.A.) (the "MCMI Credit Facility" and, together with the Marex
Revolving Credit Facility and the MCMI Revolving Credit Facility, the "Credit Facilities") at the end of each
of the respective terms. In such event, it may not be possible to replace our Credit Facilities with another
instrument on commercially favorable terms or at all. If any of our Credit Facilities are unavailable, we
may need to raise additional funds externally, either in the form of debt or equity.
Failure to maintain sufficient liquidity because of a credit downgrade may limit our future growth
potential. Moreover, because we enter into certain OTC derivative transactions as principal and issue
structured notes to investors, a lower credit rating would make our Hedging and Investment Solutions
business less attractive to current and prospective clients. Our failure to successfully manage these risks
could adversely affect our business, financial condition, results of operations and prospects.
Investor claims, litigation or regulatory scrutiny may limit our ability to use the Structured
Notes Program, the Public Offer Program, the EMTN Program and the Senior Notes Program as
sources of liquidity or result in losses or reputational damage.
The Structured Notes Program, the Public Offer Program, the EMTN Program and the Senior
Notes Program are important sources of liquidity for our business. The value and quoted price of the
structured notes issued under the Structured Notes Program and the Public Offer Program and notes
issued under the EMTN Program and the Senior Notes Program at any time will reflect many factors and
cannot be predicted. The following factors, among others, many of which are beyond our control, may
influence the market value of the notes:
•
interest rates and yield rates in credit markets;
•
the time remaining until the notes mature;
•
our creditworthiness, whether actual or perceived, including any actual or anticipated upgrades or
downgrades in our credit ratings or changes in other credit measures; and
in the case of the structured notes:
•
the volatility of the levels of the underlying assets;
•
whether the notes are linked to a single underlying asset or a basket of underlying assets;
•
the level, price, value or other measure of the underlying asset(s) to which the notes are linked;
and
•
economic, financial, regulatory, geographic, judicial, political and other developments that affect
the level, value or price of the underlying asset(s), and any actual or anticipated changes in those
factors.
Changes in the above factors may adversely affect the value of the notes, including the price an
investor may receive for the notes in a secondary market transaction. A decrease in the price an investor
may receive for the notes may expose us to investor lawsuits and claims regarding potential mis-selling or
accusations of misrepresentations regarding the notes. Such claims, and the associated reputational
damage, may impact our ability to market, and investor demand for, the Structured Notes Program, the
28
Public Offer Program, the EMTN Program and the Senior Notes Program. Our failure to market the
Structured Notes Program, the Public Offer Program, the EMTN Program or the Senior Notes Program, or
a lack of investor demand for the notes issued under any of these programs, may decrease our net
liquidity reserves.
We use third-party distributors to distribute structured notes to investors. If the distributors breach
their contractual obligations to us to appropriately distribute the structured notes to the target market that
we have identified, or misrepresent the financial performance of the notes, we may be subject to mis-
selling claims from investors in the structured notes. A distributor may otherwise breach its contractual
obligations to us including, for example, by failing to fulfill investor orders that are communicated to us
and for which we have already entered into hedging transactions.
Any of the above factors may impair our development and use of the Structured Notes Program,
the Public Offer Program, the EMTN Program or the Senior Notes Program and adversely affect our
business, financial condition, results of operations and prospects.
A significant decrease in investor demand for the AT1 Securities could adversely impact
our ability to issue further AT1 Securities to satisfy our capital requirements.
In recent years, there has been uncertainty as to the regulatory treatment of contingent
convertible securities, like our AT1 Securities, in times of financial turmoil. For example, as part of the sale
of Credit Suisse Group AG ("Credit Suisse") to UBS Group AG ("UBS") announced in March 2023, the
Swiss Financial Market Supervisory Authority issued a decree ordering the write-down of outstanding
Credit Suisse Additional Tier 1 instruments (the "AT1 Instruments"), comprising an aggregate nominal
value of approximately CHF 16 billion ($17.3 billion). The write-down, which was implemented pursuant to
the contractual terms of the AT1 Instruments, was enforced notwithstanding the ability of the holders of
Credit Suisse ordinary shares to receive consideration in connection with the sale to UBS.
In times of financial stress, there is no guarantee that Common Equity will remain the first to
absorb losses in case of resolution or insolvency, including under governing laws other than Swiss law,
and that only after their full use would Additional Tier 1 instruments be converted into equity or written
down. If our AT1 Securities are converted into ordinary shares, the number of our ordinary shares issued
and outstanding would increase, and our existing shareholders would experience dilution. Further write-
downs of Additional Tier 1 instruments in response to unexpected circumstances could adversely impact
investor demand for Additional Tier 1 instruments going forward, including demand for our issuance of the
AT1 Securities. If investor demand for the AT1 Securities declines, we may need to rely on other
instruments to satisfy our capital requirements, and failure to meet our capital requirements could lead to
materially adverse regulatory enforcement proceedings or a downgrade in our credit ratings from S&P
and Fitch. Our failure to successfully manage these risks could adversely affect our business, financial
condition, results of operations and prospects.
The agreements governing our Credit Facilities and other debt contain financial covenants
that impose restrictions on our business.
The agreements governing our Credit Facilities, Structured Notes Program, Public Offer Program,
EMTN Program, Senior Notes Program and other debt impose significant operating and financial
restrictions and limit our ability and that of our restricted subsidiaries to incur and guarantee additional
indebtedness or make other distributions in respect of, or repurchase or redeem, capital stock and
prepay, redeem or repurchase certain debt, among other restrictions.
Our failure to comply with these restrictive covenants, as well as others contained in any future
debt instruments we may enter into from time to time, could result in an event of default, which, if not
cured or waived, could have a material adverse effect on our business, financial condition and results of
operations and require us to repay these borrowings before their maturity. Our inability to generate
sufficient cash flow to satisfy our debt obligations, to obtain additional debt or to refinance our obligations
29
on commercially reasonable terms would have a material adverse effect on our business, financial
condition and results of operations.
Our indebtedness may increase, including as a result of the offering of Senior Notes, which could
adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to
changes in the economy or our industry, expose us to interest rate risk to the extent of our floating rate
notes and prevent us from meeting our debt obligations.
We regularly review opportunities to diversify and expand our capital structure, and on October
30, 2024, following the launch of our Senior Notes Program, we completed an offering and received net
proceeds
of
$596.
7m. As of December 31, 2024, we
had
$3,604.5m
of outstanding debt securities, and
any future Senior Notes or other notes offered will increase our outstanding indebtedness. A
ny Senior
Notes we may offer may subject us to further restrictions, including covenants that could restrict our ability
to obtain additional financing in the future. The terms of such Senior Notes will be set out in an applicable
prospectus supplement to the Senior Notes Registration Statement. Our indebtedness, including any
increased indebtedness could have adverse consequences, including:
•
exposing us to the risk of increased interest rates to the extent any of our borrowings are at
variable rates of interest;
•
increasing our cost of borrowing;
•
increasing our vulnerability to adverse economic, industry or competitive developments;
•
requiring a substantial portion of cash flow from operations to be dedicated to the payments on
our indebtedness, reducing our ability to use cash flow to fund our operations, capital
expenditures and future business opportunities;
•
making it more difficult for us to satisfy our obligations with respect to our indebtedness, including
restrictive covenants and borrowing conditions, which could result in an event of default under the
agreements governing such indebtedness;
•
restricting us from making strategic acquisitions or causing us to make nonstrategic divestitures;
•
limiting our ability to obtain additional financing for working capital, capital expenditures product
development, debt service requirements, acquisitions and general corporate or other purposes;
and
•
limiting our flexibility in planning for, or reacting to, changes in our business or market conditions
and placing us at a competitive disadvantage compared to our competitors who are less highly
leveraged and who, therefore, may be able to take advantage of opportunities that our leverage
prevents us from exploiting.
Any such fluctuation in the financial and credit markets, or in the rating of us or our subsidiaries,
may impact our ability to access debt markets in the future or increase our cost of current or future debt,
which could adversely affect our business, financial condition or results of operations.
Risks Relating to Regulation
If we fail to comply with applicable law and regulation, we may be subject to enforcement
or other action, forced to cease providing certain services, either generally or to certain
categories of clients, or obliged to change the scope or nature of our operations.
We operate in a highly regulated environment. Our business includes multiple entities that are
regulated by financial services regulators in different jurisdictions, including but not limited to:
30
•
the FCA in the United Kingdom;
•
the AMF and the ACPR in France;
•
the Securities & Investments Commission in Australia;
•
the Alberta Securities Commission in Canada;
•
the Central Bank of Ireland;
•
the Companies and Exchange Commission (Commissione Nazionale per le Società e la Borsa) in
Italy;
•
the Securities Market Commission (Comissão do Mercado de Valores Mobiliários) in Portugal;
•
the National Securities Market Commission (Comisión Nacional del Mercado de Valores) in Spain;
•
the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) in
Germany;
•
the Securities and Commodities Authority and the Financial Services Authority in Dubai;
•
the Securities and Futures Commission in Hong Kong;
•
the Monetary Authority of Singapore; and
•
the CFTC, the SEC, FINRA, and the NFA in the United States.
Our failure to comply with applicable regulatory requirements, including with respect to anti-
financial crime regulations (including those pertaining to sanctions, AML, anti-corruption, tax evasion and
fraud), regulatory capital requirements, conduct of business, governance, reporting obligations and
oversight of our internal control environment, could subject us to regulatory enforcement or other actions.
As we grow and diversify our business by expanding into new jurisdictions, services and
products, we will be required to operate within new regulatory frameworks. Such new frameworks can be
complex, and even where we have consulted local specialists, there is a risk that we may fail to
understand or fully implement certain regulatory requirements. In addition, in connection with the
acquisitions that we enter into, we may be required by regulators in applicable jurisdictions to take steps
to bring the target business in line with regulatory requirements. Where we fail to do so, we may be
exposed to regulatory inquiries, enforcement or other action as well as reputational damage.
Equally, the regulatory landscape is constantly evolving in the markets in which we operate
(including where we are not currently regulated), with rules and guidance changing frequently, typically
increasing our regulatory and compliance obligations and ongoing responsibilities to the markets and our
clients. Failure to keep up to date on these developments and implement them correctly and in a timely
way may expose us to regulatory inquiries, enforcement or other action as well as reputational damage.
Regulatory compliance requires a significant commitment of resources. Our ability to comply with
applicable law and regulation largely depends on our establishment and maintenance of compliance, risk,
control and reporting systems, as well as our ability to attract and retain qualified compliance, risk and
other control function personnel. These requirements may require us to make future changes to our
management and support, control and oversight structure that could significantly increase our costs. We
make numerous reports to regulators about relevant trading activities, both on our own behalf and on
behalf of certain of our clients. If we fail to make such reports, or make any errors or discrepancies in
such reporting, we could be subject to enforcement or other regulatory actions.
31
This could similarly expose us to litigation, regulatory inquiries, enforcement or other action, as
well as reputational damage. Regulators have broad powers to investigate and enforce compliance with
applicable rules and regulations, including the ability to require the appointment of a skilled person,
appoint investigators, impose censures or financial penalties on us, fine, suspend or prohibit our
employees from performing regulated activities or limit or withdraw authorizations that we require to
operate portions of our business.
We have failed in the past, and may fail in the future, to comply with certain regulatory
requirements and have been subject to fines and other orders by U.S. and other regulators and self-
regulatory organizations ("SROs") (including, but not limited to, the CFTC, the CME and Nasdaq Global
Select Markets ("Nasdaq")) in connection with certain of our activities. We have also, from time to time,
been subject to immaterial fines by U.S. and global regulators and SROs in connection with routine
exchange supervisory oversight. Our failure to address these or any future supervisory action,
investigations or enforcement actions could adversely affect our reputation, result in losses of clients and
employees, reduce our ability to compete effectively, result in financial losses or result in potential
litigation, regulatory actions or penalties (including the imposition of limits on, or withdrawals of, regulatory
authorizations). Our failure to successfully manage these risks could adversely affect our business,
financial condition, results of operations and prospects.
Companies in the financial services industry have been subject to an increasingly regulated
environment over recent years, and penalties and fines sought by regulatory authorities have increased
considerably. In addition, following recent news, congressional, regulatory and news media attention to
U.S. equities market structure and the regulatory and enforcement environment more generally, has
created uncertainty with respect to various types of transactions that historically had been entered into by
financial services firms and that were generally believed to be permissible and appropriate. The
relationships between broker-dealers and market making firms, short selling and "high frequency" and
other forms of low latency or electronic trading strategies continue to be the focus of extensive regulatory
scrutiny by federal, state and foreign regulators and SROs, and such scrutiny is likely to  continue.
We and our businesses are subject to regulation by the CFTC, the NFA, the SEC, FINRA
and other regulatory and self-regulatory organizations. Complying with relevant regulations may
result in significant costs and expenses and adversely affect our business, financial condition and
results of operations.
Certain Marex entities are subject to significant governmental regulation in the United States and
are required to comply with requirements imposed by the CFTC, the NFA, the SEC, FINRA and other
regulatory and self-regulatory organizations. The Dodd-Frank Wall Street Reform and Consumer
Protection Act (the "Dodd-Frank Act") amended the Commodity Exchange Act, as amended ("CEA") to
provide for federal regulation of the OTC derivatives market and entities, such as us, that may participate
in those markets. The CFTC is responsible for enforcing the CEA and has broad enforcement authority
over commodity futures and options contracts traded on regulated exchanges as well as other
commodities trading in interstate commerce. Designated by the CFTC as a registered futures association,
the NFA is the industry-wide, SRO for the U.S. derivatives industry. The NFA has the authority to
implement what it believes are best practices for the industry, create rules that its members must follow
and impose fines or revoke the membership of its members. To that end, the Marex entities subject to
regulation by the CFTC, the NFA or other SROs must comply with the requirements set out by the CEA,
NFA or other applicable law including, as applicable, minimum financial and reporting requirements, the
establishment of risk management programs, use of segregated accounts for customer funds,
maintenance of record keeping measures and, in particular, the requirement that trade execution and
communications systems be able to handle anticipated present and future peak trading volumes. The
SEC is responsible for enforcing U.S. federal securities laws, including the Securities Act of 1933, as
amended (the "Securities Act") and the Exchange Act. The SEC has broad enforcement authority over
public companies, investment firms and broker-dealers involved in issuing and transacting in securities on
regulated exchanges and OTC markets. FINRA is an SRO authorized by the SEC to oversee and
32
regulate member firms and their registered representatives. As part of its regulatory authority, FINRA
periodically conducts regulatory exams of its member firms. FINRA licenses individuals and admits firms
to the industry, writes rules to govern their behavior subject to oversight and approval by the SEC,
examines them for regulatory compliance, and disciplines registered representatives and member firms
that fail to comply with federal securities laws and FINRA's rules and regulations.
Regulators including but not limited to the CFTC, the NFA, the SEC, FINRA and other regulatory
and self-regulatory organizations continue to review and refine their rulemakings through additional
interpretive guidance, staff no-action relief and supplemental rulemakings. As a result, any new
regulations, or modifications to or interpretations of existing regulations, could significantly increase the
cost of derivatives and securities transactions, materially alter the terms of derivative contracts, reduce
the availability of derivatives to protect against risks encountered, reduce our ability to close out or
restructure our existing derivatives contracts, reduce our ability to facilitate securities transactions and
increase our exposure to counterparties. If we are limited in our use of derivatives in the future as a result
of amendments to regulations promulgated under the Dodd-Frank Act, our results of operations may
become more volatile and our cash flows may be less predictable, which could adversely affect the ability
to plan for and fund capital expenditures.
Our current regulatory authorizations could be withdrawn or limited, or we may be unable
to obtain the necessary authorizations to expand our business into new jurisdictions.
The loss of, or the imposition of material limitations or conditions on, any of our authorizations,
permissions or licenses to carry on regulated business could materially impact our operating model.
The loss of any FCA, CFTC, NFA, SEC, FINRA or other authorizations, permissions, licenses or
registrations would limit our operations in the United Kingdom, the United States and other relevant
jurisdictions. Because the United Kingdom and the United States contributed a significant proportion of
our operating profit for the years ended December 31, 2024, 2023,and 2022, limitations on our operations
in either of those jurisdictions would have a material adverse effect on our business. We also operate an
Organized Trading Facility ("OTF") as defined in Directive 2014/65/EU on markets in financial instruments
("MiFID II") (including as implemented and on-shored (as relevant) in the United Kingdom and as
amended from time to time) in three entities: Marex Spectron Europe Limited in Ireland, Marex SA in
France and HPC Investment Services Limited in the United Kingdom. The loss of permission to operate
these OTFs could impact clients of our Agency and Execution business who require their trades to be
executed on an OTF. This could cause certain of our clients to move their business to a competing OTF
operator.
If we fail to comply with applicable law and regulation, we may lose our existing authorizations,
permissions, licenses or registrations, and we may be unable to obtain such new approvals in those
jurisdictions or elsewhere as needed to continue to provide our business. Other factors, such as a transfer
of oversight to a new regulator or a change in regulatory or government policy, could also affect these
matters. Our failure to maintain or obtain regulatory authorizations, permissions, licenses or registrations
in new jurisdictions could prevent us from maintaining or expanding our business. Any of these risks could
adversely affect our business, financial condition, results of operations and prospects.
Changes in law and regulation could have direct and indirect adverse impacts on our
business, activities, clients, market dynamics and structure.
We are subject to the continued risk of legislative and regulatory change, which may further affect
our business. We operate in highly regulated environments and are regulated by financial regulators in a
number of different jurisdictions, including but not limited to the FCA in the United Kingdom and the CFTC,
the NFA and the SEC in the United States. Financial regulators may propose or adopt new rules, or new
interpretations of existing rules, and certain market participants, SROs, government officials and
regulators have requested that governmental and regulatory authorities, including U.S. Congress, the
SEC and the CFTC, propose and adopt additional laws and rules. These include rules relating to payment
33
for order flow, which the FCA and the European Securities and Markets Authority have both highlighted as
raising issues relating to conflicts of interest, off-exchange trading, additional registration requirements,
restrictions on co-location, order-to-execution ratios, minimum quote life for orders, incremental
messaging fees to be imposed by exchanges for "excessive" order placements and/or cancellations,
further transaction taxes, tick sizes, changes to maker/taker rebates programs and other market structure
proposals.
The impact of regulatory change can be direct, for example, by impacting the way in which
trading in one or more products is undertaken (which might, for example, reduce our role as an
intermediary in those markets), or through the introduction of new requirements relating to how we
operate as an intermediary and that we are unable to respond to in a satisfactory way. Changes in rules
to enhance client protection or to regulate the operation of markets might restrict the scope of our
activities or increase our costs and expenses. In particular, changes in rules to enhance client protection
or to regulate the operation of markets might restrict the scope of our activities or may require us to obtain
new permissions to continue our activities.
The impact of regulatory change can also be indirect. For example, regulatory changes could
affect our clients and their willingness or ability to trade. Regulatory changes could increase our clients'
costs, which could, in turn, reduce our transaction volumes. These or similar changes might also create
new types of competition between us and other providers of similar services and products, or put us at a
disadvantage relative to our competitors operating in different regulatory environments.
We may incur significant costs to enable us to comply with new regulations, such as costs
associated with establishing the necessary systems and procedures and training personnel. Even if we
are successful in adapting our services, the initial and ongoing compliance costs may significantly
increase our costs and expenses.
We may also incur significant costs in connection with responding to regulators' enquiries and
supervision or because of changes needed to reflect developing best practice or regulators' expectations
relating to the financial markets, such as by enhancing our risk management controls. Continued
divergence between the U.K. and E.U. regulatory regimes as a result of Brexit could also further increase
our overall compliance burden. Even if we successfully adapt our services, the initial and ongoing
compliance costs may require additional investment in management and support resources and
significantly increase our cost base. See Item 3D. "Risk Factors –The United Kingdom's withdrawal from
the European Union has adversely affected, and may further adversely affect, our business for multiple
reasons that are beyond our control, including adversely affecting economic growth and reducing overall
levels of trading activities and the costs of such activities between the United Kingdom and the European
Union."
Our failure to adapt or deliver services that are compliant with new regulation could significantly
adversely affect our business and our competitive position, which would in turn reduce our revenue and
profitability. Future regulatory reform may require us to make more fundamental changes in our business
model, which could materially impact our business, financial condition and results of operations. Our
failure to successfully manage these risks could adversely affect our business, financial condition, results
of operations and prospects.
We may be required to comply with new regulation when we expand into new markets,
launch new businesses or expand existing businesses or when we acquire other companies and
businesses.
We may develop our activities, acquire new businesses or undertake other changes to our
business that affect the composition of our client base or the geographic markets in which we operate.
This could bring us within the scope of new rules, regulations and registration requirements in various
jurisdictions, which could increase our regulatory burden and require us to incur additional costs to
develop systems and procedures to ensure compliance. It could also increase the risk of infringement of
34
rules and regulations, which may have serious adverse impacts for our business. In the United States, for
example, significant organic growth of our U.S. OTC derivatives business, combined with growth
generated through future U.S. acquisitions, such as that of ED&F Man Capital Markets, in the future,
could trigger certain quantitative thresholds that might require the relevant Marex entity to register as a
swap dealer or major swap participant.
Future acquisitions could also cause us to become subject to additional regulations in new or
existing markets. We may need to invest in additional resources to meet these requirements, such as
additional risk management and compliance resources. In certain cases, we may be unfamiliar with these
additional regulatory requirements, which could increase the cost of compliance and the risk of
infringement. Any of the above factors could adversely affect our business, financial condition, results of
operations and prospects.
The amount of capital that we are required to hold or the liquidity requirements applicable to our
business may increase in the future, which could limit our operational flexibility and our ability to pay
dividends. Our failure to maintain excesses over the minimum levels of capital and liquidity required could
also subject us to action by regulators or force us to change the scope of our operations.
Changes in our regulatory environment or our business, or the imposition of new or increased
regulatory requirements, could result in increased capital or liquidity requirements at the level of the
holding company of Marex or individual regulated subsidiaries, or both. For example, the provisions of the
Prudential sourcebook for MiFID Investment Firms (the "MIFIDPRU Sourcebook" in the FCA's handbook
of rules and guidance (the "FCA Handbook")) and provisions of any legislation, rules and/or guidance that
implement or complement the provisions of the MIFIDPRU Sourcebook (the "IFPR Rules") apply to our
business, as do the provisions of the SEC's Net Capital Rule 15c3-1 under the Exchange Act. The IFPR
Rules have caused us to incur implementation and additional compliance costs. We assess the impact of
the IFPR Rules on our business and operations on at least an annual basis as part of our Internal Capital
Adequacy and Risk Assessment. However, the full impact of the IFPR Rules on our business is not yet
certain and may require changes to our capital structure or operations.
Our regulatory capital and liquidity assessments are subject to regular supervisory review by the
FCA, CFTC, NFA, SEC, FINRA and other regulatory and self-regulatory bodies. The FCA generally
imposes a scalar and other add-ons, and these are subject to change and may increase in the future. Our
own assessment of these requirements is also subject to change from time to time and may increase in
the future. Increases in individual or consolidated capital or liquidity requirements may restrict the ability of
an entity to distribute its earnings within our group or require additional capital to be injected into our
business or an individual entity. This may restrict our ability to pay interest, principal and dividends, or
require us to raise additional capital or increase our indebtedness. As a result, these regulations may limit
our flexibility regarding our capital structure.
Changes to our capital requirements, or our ability to meet them, including changes in insolvency
law in any material jurisdiction, could limit or prevent us from treating client exposures on a net basis
under the IFPR Rules. This could require us to hold additional capital. Our failure to successfully manage
these risks could adversely affect our business, financial condition, results of operations and prospects.
Our financial position and results of operations could be adversely affected by changes in
taxation rates and regimes, failure to comply with tax requirements, and from challenges by tax
authorities.
We are subject to taxes in the various jurisdictions in which we operate, and as a result, we are
exposed to changes in taxation rules and regulations (possibly with retroactive effect), which could require
us to pay additional tax amounts, fines or penalties, surcharges and interest charges for past amounts
due, the amounts and timing of which are difficult to discern. Failure to comply with all local tax rules and
regulations may subject us to penalties and fines. Furthermore, changes to tax laws on income, sales,
use, import/export, indirect or other tax laws, statutes, rules, regulations or ordinances on multinational
35
corporations continue to be considered by countries in the European Union, the United States and other
countries where we currently operate or plan to operate, such as the Anti-Tax Avoidance Directives, as
well as the Base Erosion and Profit Shifting reporting requirements, mandated and/or recommended by
the European Union, G8, G20 and Organization for Economic Cooperation and Development ("OECD"),
including the imposition of a minimum global effective tax rate for multinational businesses ("Pillar II").
These contemplated tax initiatives, if finalized and adopted by countries, and the other tax issues
described above may materially and adversely impact our operating activities, effective tax rate, deferred
tax assets, operating income and cash flows.
Any changes in taxation rates and regimes, such as the implementation of a Global Minimum Tax
of 15% on the profits of affected multinationals in each jurisdiction in which they operate as part of the
OECD's Pillar II rules, may require an increased proportion of our profit to be paid in taxation or may
cause our activities to become less profitable or unprofitable through the imposition of higher transaction
taxes or indirect taxes on us or our clients. If we are subject to challenge from tax authorities on these or
other matters, we may have to make significant tax payments in the future. Any of the above factors could
adversely affect our business, financial condition, results of operations and prospects.
We may incur significant tax risks and inherit significant tax liabilities in connection with
our acquisitions.
We may be exposed to significant tax risks in connection with our acquisitions, including risks
relating to restructuring measures that we may implement to achieve a tax-efficient structure. It may not
be possible to implement such measures prior to or immediately following the acquisition, and the tax
authorities may challenge such measures once they have been implemented. In addition, we may inherit
significant tax liabilities in connection with an acquisition, either because we consider such tax liabilities to
be commercially acceptable relative to the acquisition opportunity or because such tax liabilities were not
identified as part of the due diligence process.
Any recourse available under the related acquisition agreements may not fully protect us from
such risks. If these tax exposures materialize in the future, we may incur significant costs due to possible
reassessments, interest on late payments or fines and penalties, which could adversely affect our
business, financial condition, results of operations and prospects.
We may be exposed to transfer price risks in connection with our operating activities.
We take advantage of our international network and centralize our strategic functions. In
particular, we transfer and provide goods and services among our corporate group and have adopted an
OECD compliant corporate tax transfer pricing model for the billing of intercompany services. There is a
risk that tax authorities in individual countries will assess the relevant transfer prices differently from our
tax transfer pricing model and address retroactive tax claims against our subsidiaries. While we consider
that our transfer pricing model is fully compliant with all relevant legislation, there can be no assurance
that our transfer prices will be accepted by all the relevant authorities. In the event of a material dispute of
this nature, we will seek to resolve this through mutual agreement procedures. If they fail to be accepted,
this could have a material adverse effect on our business, financial condition and results of operations.
We are subject to significant regulatory reporting requirements relating to transactions
executed with us. Failure to comply with regulatory reporting rules could expose us to the risk of
enforcement action by regulators.
We are subject to various regulatory reporting requirements including best execution, trade and
transaction reporting requirements under MiFID II and trade reporting requirements under Regulation
(EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories ("EMIR") (in each
case, as implemented in the United Kingdom and as amended from time to time). These reporting
requirements require us to make public or report to regulators or trade repositories certain information
relating to transactions carried on with us or that we have executed. Although we maintain policies and
36
procedures intended to ensure compliance with these requirements, compliance with regulatory reporting
requirements has been an area of focus by regulators, with the FCA taking enforcement action against a
number of companies in this area. Failure to comply with these rules exposes us to the risk of potential
enforcement action by regulators and could adversely affect our business, financial condition, results of
operations and prospects.
We are subject to significant regulatory requirements when we hold client money. Failure
to comply with the client money rules could expose us to the risk of litigation or enforcement
action by regulators.
Our subsidiaries Marex
Financial
and Marex Spectron Asia Pte. Ltd. hold client money in
connection with their respective clearing businesses, an area of general regulatory focus. In the United
Kingdom and the United States, this is a particular regulatory issue, and several other regulated firms
have been the subject of enforcement action, including substantial fines, for failure to comply with the
client money rules. We may be subject to similar enforcement action in the future if we fail to comply with
relevant client money requirements.
The nature and complexity of the rules relating to the handling of client money means that
compliance failings have occurred in the past and may occur in the future, inadvertently or in situations in
which clients do not suffer, or are not materially at risk of suffering, a loss. Any material failure to comply
with relevant rules exposes us to various risks, including potential action by regulators and clients,
financial loss and adverse impacts on our reputation and relationships with clients.
Marex Financial and Marex Spectron Asia Pte. Ltd. also hold client money in segregated client
accounts with banks and Clearing Houses in accordance with their jurisdictions' respective client money
rules, which could expose us to the risk of failings by those entities and could cause us to experience a
material loss if we are responsible for losses to clients or Marex Financial or Marex Spectron Asia Pte.
Ltd. has not abided by its obligations. Any of the above factors could adversely affect our business,
financial condition, results of operations and prospects.
Sustainability and environmental, social and governance factors are key focus areas for
politicians, policy makers, regulators, investors, activists and consumers worldwide. If we fail to
keep pace with the growing and diverging body of legislative and regulatory reform in this area
and regulator and client expectations, our business may be adversely affected.
There has been complex scrutiny and evolving expectations, including by governmental and non-
governmental organizations, consumer advocacy groups, third-party interest groups, investors,
consumers, employees and other stakeholders, on environmental, social and governance ("ESG")
practices, commitments, performance and disclosures. New ESG-related laws and regulations on
disclosure requirements, governance and risk management, benchmarks and the prudential framework
have been introduced or enacted in jurisdictions where we operate. Adoption of proposed laws and
regulations, or significant expansion of enacted laws and regulations in the future, could introduce new
requirements or otherwise materially impact our business and operations.
For example, on March 6, 2024, the SEC finalized rules on climate-related disclosures, including
with regards to greenhouse gas ("GHG") emissions and certain climate-related financial statement
metrics. We are continuing to assess the scope and impact of these rules given the subsequent legal
challenges against the rules and the expectation that the new U.S. Federal Administration will not enforce
the rules. These rules are the subject of court challenge and in the event the current US federal
administration goes forward with them, we could incur various costs. Such reporting requirements, or any
similar requirements, may be complex, and we may incur substantial compliance costs. Further, in
October 2023, the State of California adopted new climate-related laws, two of which are being
challenged in the federal courts, that will require in-scope entities to disclose their GHG emissions,
provide a climate-related financial risk report, as well as, for entities that market, sell, purchase or use
voluntary carbon offsets and/or make certain claims regarding the reduction of GHG emissions within
37
California or otherwise operate within California, publish information about the offsets and/or reduction
claims annually on their website. Similar GHG emissions disclosure laws have been proposed in
Colorado, New York, New Jersey and Illinois. We continue to assess the scope and impact of the adopted
and proposed U.S. federal and state rules, as well as their subsequent legal and political challenges.
Such reporting requirements, and any similar or future requirements, may be complex and we may incur
substantial compliance costs.
The European Union's Corporate Sustainability Reporting Directive ("CSRD"), the International
Sustainability Standards Board ("ISSB") and the sustainability and climate disclosure standards, the
California climate-related laws and the final SEC climate-related rules, to the extent the two California
laws and the SEC rules survive legal challenges, will each require or otherwise result in significant new
sustainability disclosures from various in-scope entities, which we expect will impact us directly and
indirectly and result in increased costs and potentially impact our business or reputation to the extent our
disclosures are deemed inadequate or false and misleading. In addition, in June 2023, the ISSB, an entity
founded by the IFRS Foundation, finalized its first two IFRS Sustainability Disclosure Standards covering
sustainability-related financial information and climate-related disclosures. Various countries have
indicated their intent to incorporate, account for or otherwise adopt these ISSB standards as law,
including the United Kingdom, Canada, Hong Kong, Singapore, Nigeria, Japan, New Zealand and
Australia. In January 2023, the CSRD took effect. This directive, as implemented by E.U. Member State
legislation, will result in various sustainability disclosures being provided by various entities, including us
and our clients, on a phased basis. On July 25, 2024, the Corporate Sustainability Due Diligence Directive
("CSDDD") entered into force. The new rules aim to ensure that businesses address adverse impacts of
their actions, including in their value chains inside and outside Europe. However, on November 8, 2024,
the European Commission indicated that the CSRD, the CSDDD and a related E.U. Taxonomy Regulation
will be consolidated into an "omnibus simplification package".
On February 26, 2025, the European
Commission published its first omnibus package. This first omnibus package regarding sustainability
contains a set of legislative proposals designed to reduce administrative burdens by amending a range of
existing EU sustainability frameworks, including proposals to amend the CSRD, CSDDD and the
E.U.Taxonomy. The omnibus proposals include:
•
a proposed Directive to postpone (or "stop-the-clock") in relation to: (i) CSRD reporting
requirements for certain companies; and (ii) the transposition deadline and the initial application of
CSDDD (the "Stop the Clock Directive");
•
a more detailed proposal containing amendments to the CSRD and CSDDD (the "Detailed
Directive"); and
•
proposals to amend the Taxonomy Disclosures Delegated Act and the Taxonomy Climate and
Environmental Delegated Acts.
The European Commission also intends to revise and simplify the European Sustainability
Reporting Standards (so-called level 2 changes). The legislative level 1 changes (i.e., the Stop the Clock
Directive and the Detailed Directive), proposed as part of the omnibus will now undergo the ordinary
legislative process in the EU Parliament and Council. Both institutions can suggest amendments, which
would result in potential trialogue negotiations with the Commission. Once an agreement is reached, the
final texts need to be adopted by both Parliament and Council.
Following adoption, the amendments are published in the Official Journal of the European Union.
For the amendments to Directives, such as CSRD and CSDDD, Member States will also need to
transpose the amendments into their national laws to become effective.
If adopted, the omnibus amendments will reshape E.U.sustainability landscape by targeting only
the largest companies and alleviating smaller companies from compliance burdens. Implementation will
38
not be immediate, as the level 1 legislative process typically lasts several months and further details
regarding level 2 changes will require additional legal instruments.
As a result there remains significant uncertainty as to the potential impact of the CSRD, CSDDD
and E.U. Taxonomy on us and our clients.
The E.U. sustainability frameworks, the ISSB's sustainability and climate disclosure standards,
the California climate-related laws and the final SEC climate-related rules, to the extent the two California
laws and the SEC rules survive legal challenges, will each require or otherwise result in significant new
sustainability disclosures from various in-scope entities, which we expect will impact us directly and
indirectly and result in increased costs and potentially impact our business or reputation to the extent our
disclosures are deemed inadequate or false and misleading.
We may also be impacted by a series of other ongoing legislative initiatives at the E.U. and U.K.
level. In the UK, we may be impacted by the continued expansion of the
Task Force on Climate-Related
Disclosures ("TCFD")
regime, the UK Green Taxonomy
proposals and the
UK's Sustainability Disclosure
Requirements ("UK SDR"). In the first half of 2025,HM Treasury is expected to consult on the UK SRS
that could come into effect as early as 2026. The UK SDR regime outlines four sustainability product
labels that can be applied to investment vehicles manufactured by UK managers of retail funds, along
with product- and entity-level disclosures. The regime is accompanied by an anti-greenwashing rule,
which is applicable to all regulated firms. The phased implementation will continue throughout 2025,
including the potential extension to portfolio managers and overseas funds (subject to consultation).
Meanwhile, in the EU, the European Commission continues to consider potential reforms to the
Sustainable Finance Disclosure Regulation ("SFDR"). New ESG requirements could also materially affect
the business and financial condition of our clients and the way they conduct their business, which could
indirectly affect us.
A lack of harmonization globally and within jurisdictions in relation to ESG legal and regulatory
reform could lead to a risk of fragmentation in group-level priorities as a result of the different pace of
sustainability transition across global jurisdictions. This may create conflicts across our global business,
which could risk inhibiting our future implementation of, and compliance with, rapidly developing ESG
standards and requirements. Failure to keep pace with the sustainability transition could impact our
competitiveness in the market and damage our reputation, resulting in a material impact on our business.
In addition, failure to comply with applicable legal and regulatory changes in relation to ESG matters may
attract increased regulatory scrutiny of our business and could result in penalties, fines and/or other
sanctions being levied against us as well as lawsuits or other proceedings.
Sustainability-related practices differ by region, industry and issue and are evolving accordingly.
Our sustainability-related practices or assessment of such practices may change over time. Similarly, new
sustainability requirements imposed by jurisdictions in which we do business may result in additional
compliance costs, disclosure obligations or other implications or restrictions on our business and/or
operations.
Our business, in particular, the type of products we trade, and our client base could exacerbate
the effect of new ESG rules. Legislative and regulatory reform could also cause us to change our
business or operations, limit opportunities for further expansion, affect our competitive position, cause us
to incur significant compliance and risk management costs and lead to a decline in the demand for our
services. If our ESG-related data, processes and reporting are incomplete or inaccurate, it could lead to
private, regulatory or administrative challenges or proceedings, including with respect to our disclosure
controls and procedures, as well as adverse publicity, any of which could damage our reputation and
business.
Further, we purchase carbon offsets to help balance our carbon and energy footprints and have
incorporated carbon offsets into our renewable product offering. If the cost of carbon offsets were to
materially increase or we were required to purchase a significant number of additional offsets, our cost to
39
obtain these offsets could increase materially, which could impact our ability to meet our environmental
sustainability objectives or our financial performance. Additionally, we could experience in the future
claims or complaints related to our purchase of such offsets or the verification of the carbon offset
programs from which we purchase, as they relate to our statements regarding carbon neutrality and net-
zero goals.
Additionally, organizations that provide information to investors and financial institutions on ESG
performance and related matters have developed ratings processes for evaluating companies on their
approach to ESG matters. Such ratings are used by some investors to inform their investment and voting
decisions. In addition, many investors have created their own proprietary ratings that inform their
investment and voting decisions. Unfavorable ratings or assessment of our ESG practices, including our
compliance with certain disclosure standards and frameworks, as well as omission of our stock into ESG-
oriented investment funds, may lead to negative investor sentiment toward us and the diversion of
investment to other companies, which could have a negative impact on our stock price and our access to
and cost of capital.
We have communicated, and may in the future communicate, certain additional ESG-or climate-
related initiatives and goals to our stakeholders. These initiatives and goals could be difficult and
expensive to quantify and implement. In addition, such initiatives and goals are subject to risks and
uncertainties, many of which may not be foreseeable or may be beyond our control. We may be criticized
for the scope or nature of such initiatives or goals, for any revisions to such initiatives or goals, for failing,
or being perceived to have failed, to achieve such initiatives or goals, or for establishing ESG-related
initiatives and goals at all. Further, the disclosure standards or frameworks we choose to align with, or are
or will be required to align with, may differ in certain aspects evolve over time, which may result in a lack
of consistent or meaningful comparative data from period to period and/or significant revisions to our
goals or reported progress in achieving such goals and aspirations.
Our
competitors
could have more robust ESG goals and commitments or be more successful at
implementing and/or disclosing their ESG matters, goals and commitments, which could cause us to lose
clients and adversely affect our reputation. Our competitors could also decide not to establish ESG goals
and commitments at a scope or scale that is comparable to our ESG goals and commitments or may not
be required to comply with as stringent ESG requirements as we are, which could cause our operating
costs to be relatively higher. Any of the above factors could adversely affect our business, financial
condition, results of operations and prospects.
If we become a regulated benchmark administrator, we would be exposed to additional
requirements and regulatory risk.
The E.U. Benchmarks Regulation and the on-shored U.K. Benchmarks Regulation impose
onerous requirements on administrators of in-scope benchmarks. We do not currently administer
benchmarks; however, changes to our business, particularly in relation to the Financial Products division
of our Hedging and Investment Solutions division, could cause us to become a benchmark administrator.
If we are required to become a benchmark administrator to carry on our business, we may need
to incur significant time and costs to comply with the additional requirements. If we inadvertently act as a
benchmark administrator without appropriate authorization, we would be exposed to the risk of regulatory
action. Our failure to successfully manage these risks could adversely affect our business, financial
condition, results of operations and prospects. Further, proposals for significant legislative changes to the
scope of the E.U. Benchmarks Regulation are currently being considered, and a review of the U.K.
Benchmarks Regulation is also due to take place in the coming years. The impact of any  such resulting
changes to the E.U. and U.K. regimes on our business remains unknown.
Implementation of and/or changes to the Basel framework, which may affect regulatory
capital requirements and liquidity, may impact the treatment of our securities.
40
The Basel Committee on Banking Supervision ("BCBS") has approved a series of significant
changes to the Basel framework for prudential regulation (such changes being referred to by the BCBS as
Basel III, and referred to, colloquially, as Basel III in respect of reforms finalized prior to December 7, 2017
and Basel IV in respect of reforms finalized on or following that date). The Basel III/IV reforms, which
include revisions to the credit risk framework in general, may result in increased regulatory capital and/or
other prudential requirements in respect of certain positions held. The BCBS continues to work on new
policy initiatives. National implementation of the Basel III/IV reforms may vary those reforms and/or their
timing. Investors in our securities are responsible for analyzing their own regulatory position and
prudential regulation treatment applicable to our securities and should consult their own advisers in this
respect.
Any actual or perceived failure to comply with laws, regulations and other requirements
relating to data privacy, security, the processing of Personal Information and cross-border data
transfer restrictions could adversely affect our business, including through increased costs, legal
claims, fines or reputational damage.
As part of our operations we receive, store, handle, transmit, use and otherwise process
confidential information, sensitive information, and information that relates to individuals and/or
constitutes "personal data", "personal information", "personally identifiable information", or other such
terms under applicable data privacy laws ("Personal Information"). We also depend on a number of third
party vendors in relation to the operation of our business, a number of which process data, including
Personal Information, on our behalf. We and our vendors are subject to a variety of data processing,
protection and privacy laws, rules, regulations, industry standards and other requirements, including those
that apply generally to the handling of Personal Information, and those that are specific to certain
industries, sectors, contexts, or locations and which may include those as enacted, implemented and
amended in the United States, the European Union (and its member states), the United Kingdom and
other applicable jurisdictions (regardless of where we have establishments) ("Privacy Requirements").
These Privacy Requirements, and their application and interpretation are constantly evolving and
developing and may require us to incur significant costs, implement new processes, or change our
handling of Personal Information and business operations. Our failure to maintain the confidentiality of
information or comply with the Privacy Requirements could impact our ability to trade effectively and could
result in significant financial losses, litigation by our clients or other counterparties and regulatory
sanctions as well as adverse reputational effects.
For example, we are subject to the E.U. General Data Protection Regulation (EU) 2016/679 (the
"E.U. GDPR") and to the United Kingdom General Data Protection Regulation and U.K. Data Protection
Act 2018  (collectively, the "U.K. GDPR") (the E.U. GDPR and U.K. GDPR collectively referred to as the
"GDPR"). The GDPR imposes comprehensive data privacy compliance obligations in relation to the
processing, protection and privacy of Personal Information, including a principle of accountability and the
obligation to demonstrate compliance such as through records of processing, policies, procedures,
training and audits as well as obligations in relation to international transfers of Personal Information and
allowing such individuals to exercise certain prescribed rights.
In relation to cross-border transfers of Personal Information, case law from the Court of Justice of
the European Union ("CJEU") states that reliance on the standard contractual clauses (a standard form of
contract approved by the European Commission as an adequate Personal Information transfer
mechanism) alone may not necessarily be sufficient in all circumstances on its own and transfers must be
assessed on a case-by-case basis. We expect the existing legal complexity and uncertainty regarding
international Personal Information transfers to continue. In particular, we expect the European
Commission approval of the current EU-US Data Privacy Framework for data transfers to certified entities
in the United States to be challenged and  that international transfers to the United States and to other
jurisdictions more generally to continue to be subject to enhanced scrutiny by regulators. As the
regulatory guidance and enforcement landscape in relation to international transfers of Personal
Information continue to develop, we could suffer additional costs, complaints and/or regulatory
41
investigations, sanctions and/or fines, we may have to stop using certain tools and vendors and make
other operational changes, we may have to or elect to implement revised international Personal
Information transfer mechanisms for intragroup, client and vendor arrangements within required time
frames and/or such developments could otherwise affect the manner in which we provide our services,
and could adversely affect our business, operations and financial condition.
Failure to comply with the GDPR could result in penalties for non-compliance. Since we are
subject to the supervision of relevant data protection authorities under both the E.U. GDPR and the U.K.
GDPR, we could be fined under each regime independently in respect of the same breach. Penalties for
breaches (in the worst case) are up to the greater of €20 million / £17.5 million (as applicable) or 4% of
our global annual turnover. In addition to fines, a breach of the GDPR may result in regulatory
investigations, reputational damage, orders to cease or change our data processing activities,
enforcement notices, assessment notices (for a compulsory audit) and/or civil claims (including class
actions).
We are also subject to current and evolving E.U. and U.K. laws in relation to the use of cookies
and other tracking technologies and e-marketing practices. In the EU and UK, informed consent is
required for the placement of certain cookies on an individual's device and for direct electronic marketing.
Consent is tightly defined and includes a prohibition on pre-checked consents and a requirement to obtain
separate consents for each type of cookie or similar technology. Recent European court and regulator
decisions are driving increased attention to cookies and other tracking technologies. If the trend of
increasing enforcement by regulators including in relation to the strict approach to opt-in consent for all
but essential use cases, as seen in recent guidance and decisions, continues, this could lead to additional
costs, require significant systems changes, limit the effectiveness of our marketing activities, divert the
attention of our technology personnel, adversely affect our margins, and subject us to additional liabilities.
In light of the complex and evolving nature of E.U., E.U. member state and U.K. laws in relation to cookies
and other tracking technologies as well as e-marketing, there can be no assurances that we will be
successful in our efforts to comply with such laws and violations of such laws could result in regulatory
investigations, fines, orders to cease or change our use of such technologies, as well as civil claims
including class actions, and reputational damage.
In the United States, there are numerous federal, state and local regulations on privacy, data
protection and cybersecurity that govern the processing of Personal Information and other information.
The scope of these laws and regulations is expanding and evolving and may be subject to differing
interpretations. For example, we are considered a "financial institution" under the federal Gramm-Leach
Bliley Act (the "GLBA"). The GLBA regulates, among other things, the use of certain information about
individuals ("non-public personal information") in the context of the provision of financial services,
including by banks and other financial institutions. The GLBA includes both a "Privacy Rule," which
imposes obligations on financial institutions relating to the use or disclosure of non-public personal
information, and a "Safeguards Rule," which imposes obligations on financial institutions and, indirectly,
their service providers to implement and maintain physical, administrative and technological measures to
protect the security of non-public personal information. Any failure to comply with the GLBA could result in
substantial financial penalties.
In addition, many states have adopted new or modified privacy and security laws and regulations
that may apply to our business. For example, the California Consumer Privacy Act ("CCPA") went into
effect in 2020 and imposes obligations on certain businesses that process Personal Information of
California residents. Among other things, the CCPA: requires disclosures to such residents about the data
collection, use and disclosure practices of covered businesses; provides such individuals expanded rights
to access, delete, and correct their Personal Information, and opt-out of certain sales or disclosures of
Personal Information; and provides such individuals with a private right of action and statutory damages
for certain data breaches. The enactment of the CCPA prompted a wave of similar legislative
developments in other states in the United States, creating a patchwork of overlapping, but not identical,
state laws. Many other states have enacted comprehensive state privacy laws, or are currently reviewing
42
or proposing the need for greater regulation related to the collection, sharing, use and other processing of
Personal Information, and there remains increased interest at the federal level as well.
We cannot predict how future Privacy Requirements, or future interpretations of current Privacy
Requirements,  will affect our business or our clients, and the cost of compliance. Changes in these
Privacy Requirements across different jurisdictions could impact our ability to deploy our services in
multiple locations. Any failure or perceived failure to comply with the Privacy Requirements could expose
us to legal proceedings, material monetary damages, fines and penalties and could result in reputational
damage, loss of clients, or higher operating costs, which may materially adversely affect our business,
financial condition, results of operations and prospects.
Our inability to maintain, protect and enforce our intellectual property rights could harm
our competitive position and our business.
Our success is dependent, in part, upon protecting our intellectual property rights, including those
in our brands and our proprietary know-how and technology. We rely on a combination of trademark,
trade secret, copyright and other intellectual property laws as well as contractual arrangements to
establish and protect our intellectual property rights. While it is our policy to protect and defend our rights
to our intellectual property, we cannot predict whether the measures that we have taken will be adequate
to prevent infringement, misappropriation, dilution or other violations of our intellectual property rights, or
that we will be able to successfully enforce our rights. Our failure to obtain or maintain adequate
protection of our intellectual property rights for any reason could result in an adverse effect on our
business, financial condition and results of operations.
We rely on our trademarks and trade names to distinguish our services from the services of our
competitors, and have registered or applied to register our key trademarks. We cannot be sure that our
existing trademarks will be maintained or new applications will be approved. In addition, effective
trademark protection may be unavailable or limited for some of our trademarks in some foreign countries
in which we operate. Third parties may also oppose our trademark applications, or otherwise challenge
our use of the trademarks. In the event that our trademarks are successfully challenged, we could be
forced to rebrand our services, which could result in loss of brand recognition, and could require us to
devote resources advertising and marketing new brands. Further, we cannot be sure that competitors will
not infringe our trademarks, or that we will have adequate resources to enforce our trademarks.
While software and other of our proprietary works may be protected under copyright law, we have
not registered any copyrights in these works, and instead, we primarily rely on protecting our software as
a trade secret and through contractual protections. In order to bring a copyright infringement lawsuit in the
United States, the copyright must first be registered. Accordingly, the remedies and damages available to
us for unauthorized use of our software may be limited to those available in connection with trade secret
misappropriation and breach of contract actions.
Although we attempt to protect certain of our proprietary technologies by entering into
confidentiality agreements with our employees, consultants, and others who have access to such
technologies and information, these agreements may be breached, and we cannot guarantee that we will
have sufficient remedies in the event of the agreements are breached. Furthermore, trade secret laws do
no not prevent our competitors from independently developing technologies that are substantially
equivalent or superior to ours. Accordingly, despite our efforts to maintain these technologies as trade
secrets, we cannot guarantee that others will not independently develop technologies with the same or
similar functions to any proprietary technology we rely on to conduct our business and differentiate
ourselves from our competitors.
Policing unauthorized use of our know-how, technology and intellectual property is difficult, costly,
time-consuming and may not be effective. Third parties may knowingly or unknowingly infringe upon or
otherwise violate our proprietary rights. We may be required to spend significant resources to monitor and
enforce our intellectual property rights. Any litigation could be expensive to resolve, be time consuming
43
and divert management's attention, and may not ultimately be resolved in our favor. Furthermore, if we
bring a claim to enforce our intellectual property rights against an alleged infringer, the alleged infringer
may bring counterclaims challenging the validity, enforceability or scope of our intellectual property rights,
and if any such counterclaims are successful, we could lose valuable intellectual property rights. Any of
these events could seriously harm our business.
If third parties claim that we infringe upon or otherwise violate their intellectual property
rights, our operations could be adversely affected.
We may become subject to claims that we infringe, misappropriate or otherwise violate the
intellectual property rights of others. Even if we believe these claims are without merit, any claim of
infringement, misappropriation or other violation could cause us to incur substantial costs defending
against the claim, and could distract management and other personnel from other business. Any
successful claim of infringement, misappropriation, or other violation of intellectual property against us
could require us to pay substantial monetary damages or seek licenses of intellectual property from third
parties or could prevent us from using certain intellectual property, including trademarks, which could
result in us having to rebrand our services. Any licensing or royalty agreements, if required may not be
available on commercially reasonable terms or at all. Any of the foregoing could have a negative impact
on our business, financial condition and results of operations.
Risks Relating to Ownership of Our Ordinary Shares
The price of our ordinary shares may be volatile, and you may lose all or part of your
investment.
The market price of our ordinary shares could be highly volatile and may fluctuate substantially
due to many factors, including those described elsewhere in this Annual Report, as well as the following:
•
actual or anticipated fluctuations in our revenue, financial condition and results of operations;
•
variance in our financial performance from the expectations of securities analysts;
•
announcements by us or our direct or indirect competitors of significant business developments,
acquisitions or expansion plans;
•
changes or proposed changes in laws or regulations or differing interpretations or enforcement of
laws or regulations affecting our business;
•
our involvement in litigation or regulatory actions;
•
sales of our ordinary shares by us or our shareholders;
•
commodity market activity or pricing levels;
•
changes in key personnel;
•
the trading volume of our ordinary shares;
•
publication of research reports or news stories about us, our acquired companies, our competition
or our industry, or positive or negative recommendations or withdrawal of research coverage by
securities analysts; and
•
general macroeconomic conditions and interest rate levels.
As a result, volatility in the market price of our ordinary shares (including periods of market
illiquidity) may prevent investors from being able to sell their ordinary shares at or above the IPO price or
at all. These broad market and industry factors may materially reduce the market price of our ordinary
44
shares, regardless of our operating performance. In addition, price volatility may be greater if the public
float and trading volume of our ordinary shares is low.
In addition, stock markets have at times experienced extreme price and volume fluctuations. In
the past, following periods of volatility in the market price of a company's securities, securities class action
litigation has often been instituted against that company. If we were involved in any similar litigation, we
could incur substantial costs and our management's attention and resources could be diverted.
The market price of our ordinary shares could be negatively affected by future issuances
and sales of our ordinary shares.
Sales of a substantial number of our ordinary shares in the public market, or the perception in the
market that the holders of a large number of ordinary shares intend to sell, could reduce the market price
of our ordinary shares. The ordinary shares issuable pursuant to the equity awards we grant will be freely
tradable without restriction under the Securities Act, except for those that are subject to the lock-up
arrangements as described in our final prospectus filed with the SEC on October 31, 2024 pursuant to
Rule 424(b)(4) and for any of our ordinary shares that may be held or acquired by our executive officers,
directors and other affiliates, as that term is defined in the Securities Act, which will be controlled under
the Securities Act.
In the future, we may also issue additional securities if we need to raise capital or make
acquisitions, which could constitute a material portion of our then-issued and outstanding ordinary shares.
Our largest shareholders have significant influence over us.
Our largest shareholders, Amphitryon Limited, MASP Investor LP and Ocean Ring Jersey Co
Limited (see Item 7. "Major Shareholders and Related Party Transactions – Major Shareholders"), hold,
as of March 3, 2025, 20.44
%, 14.35% and 13.44%
, respectively, of our outstanding ordinary shares. As a
result, our largest shareholders exercise significant influence over certain corporate matters, including
director nomination rights and a consent right held by Amphitryon Limited, JRJ Investor 1 LP and MASP
Investor LP pursuant to the terms of our Shareholders' Agreement. See Item 7."Major Shareholders and
Related Party Transactions – Related Party Transactions" for more information.
Additionally, this concentration of share ownership may also adversely affect the trading price of
our ordinary shares, to the extent investors perceive disadvantages in owning ordinary shares in a
company with significant shareholders.
Our ability to pay dividends in the future depends, among other things, on our financial
performance and capital requirements.
There can be no guarantee that our performance will be repeated in the future, particularly given
the competitive nature of the industry in which we operate. If our sales, profit and cash flow significantly
underperform market expectations, then our capacity to pay a dividend will suffer. Any decision to declare
and pay dividends will be made at the discretion of our board of directors (our "Board") and will depend
on, among other things, applicable law, regulation, restrictions on the payment of dividends in our
financing arrangements, our financial position, our distributable reserves, regulatory capital requirements,
working capital requirements, finance costs, general economic conditions and other factors that our Board
deems significant from time to time.
We are a foreign private issuer, and, as a result, we are subject to Exchange Act reporting
obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic
public company.
We report under the Exchange Act as a non-U.S. company with foreign private issuer status.
Because we qualify as a foreign private issuer, we are exempt from certain provisions of the Exchange
Act that are applicable to U.S. domestic public companies, including:
45
•
the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations
in respect of a security registered under the Exchange Act;
•
the sections of the Exchange Act requiring insiders to file public reports of their share ownership
and trading activities and liability for insiders who profit from trades made in a short period of time;
•
the rules under the Exchange Act requiring the filing with the SEC of current reports on Form 8-K
upon the occurrence of specified significant events; and
•
the rules under the Exchange Act requiring the filing with the SEC of quarterly reports on Form 10-
Q containing unaudited financial and other specified information.
In addition, foreign private issuers are not required to file their annual report on Form 20-F until
four months after the end of each fiscal year, while U.S. domestic issuers that are accelerated filers are
required to file their annual report on Form 10-K within 75 days after the end of each fiscal year, and U.S.
domestic issuers that are large accelerated filers are required to file their annual report on Form 10-K
within 60 days after the end of each fiscal year. Foreign private issuers are also exempt from Regulation
FD, which prohibits selective disclosures of material information. As a result, you may not have the same
protections afforded to shareholders of a company that is not a foreign private issuer.
The determination of foreign private issuer status is made annually on the last business day of an
issuer's most recently completed second fiscal quarter. In the future, we would lose our foreign private
issuer status if (i) more than 50% of our outstanding voting securities are owned by U.S. residents and (ii)
a majority of our directors or executive officers are U.S. citizens or residents, or we fail to meet additional
requirements necessary to avoid loss of foreign private issuer status.
If we lose our foreign private issuer status, we will be required to file with the SEC periodic reports
and registration statements on U.S. domestic issuer forms, which are more detailed and extensive than
the forms available to a foreign private issuer. We will also have to mandatorily comply with U.S. federal
proxy requirements, and our officers, directors, and more than 10% shareholders will become subject to
the short-swing profit disclosure and recovery provisions of Section 16 of the Exchange Act. In addition,
we will lose our ability to rely upon exemptions from certain Nasdaq corporate governance rules. As a
U.S. listed public company that is not a foreign private issuer, we will incur significant additional legal,
accounting and other expenses that we will not incur as a foreign private issuer. These expenses will
relate to, among other things, the obligation to present our financial information in accordance with U.S.
GAAP in the future.
As we are a foreign private issuer, we are permitted to, and we intend to, rely on
exemptions from certain Nasdaq corporate governance requirements, and therefore, our
shareholders may not have the same protections afforded to shareholders of companies that are
subject to all Nasdaq corporate governance requirements.
As a foreign private issuer, we have the option to follow certain home country corporate
governance practices rather than those of Nasdaq, provided that we disclose the requirements we are not
following and describe the home country practices we are following. We intend to rely on this foreign
private issuer exemption with respect to the following: (i) the quorum requirements applicable to the
meetings of shareholders, (ii) shareholder approval requirements for issuances of securities in connection
with stock option or purchase plans that are established or materially amended or other equity
compensation arrangement that is made or materially amended, (iii) the shareholder approval
requirements for the issuance of more than 20% of the outstanding ordinary shares of the issuer, (iv) the
requirement to have a remuneration committee composed entirely of independent directors who satisfy
the additional independence requirements specific to remuneration committee membership and (v) the
requirement that our director nominations be made, or recommended to the full board of directors, by our
independent directors or by a nominations committee that is composed entirely of independent directors.
We may in the future elect to follow home country practices with regard to other matters. As a result, our
46
shareholders may not have the same protections afforded to shareholders of companies that are subject
to all Nasdaq corporate governance requirements.
We may lose our foreign private issuer status in the future, which could result in
significant additional costs and expenses.
As discussed above, we are a foreign private issuer, and therefore, we are not required to comply
with all of the periodic disclosure and current reporting requirements of the Exchange Act. The
determination of foreign private issuer status is made annually on the last business day of an issuer's
most recently completed second fiscal quarter, and, accordingly, the next determination will be made with
respect to us on June 30, 2025. In the future, we would lose our foreign private issuer status if (i) more
than 50% of our outstanding voting securities are owned by U.S. residents and (ii) a majority of our
directors or executive officers are U.S. citizens or residents, or we fail to meet additional requirements
necessary to avoid loss of foreign private issuer status. If we lose our foreign private issuer status, we will
be required to file with the SEC periodic reports and registration statements on U.S. domestic issuer
forms, which are more detailed and extensive than the forms available to a foreign private issuer. We will
also have to mandatorily comply with U.S. federal proxy requirements, and our executive officers,
directors and principal shareholders will become subject to the short-swing profit disclosure and recovery
provisions of Section 16 of the Exchange Act. In addition, we will lose our ability to rely upon exemptions
from certain corporate governance requirements under the listing rules of Nasdaq. As a U.S. listed public
company that is not a foreign private issuer, we will incur significant additional legal, accounting and other
expenses that we will not incur as a foreign private issuer and accounting, reporting and other expenses
in order to maintain a listing on a U.S. securities exchange. These expenses will relate to, among other
things, the obligation to present our financial information in accordance with U.S. GAAP in the future.
We have identified material weaknesses in our internal control over financial reporting and
may identify additional material weaknesses in the future or fail to maintain an effective system of
internal control over financial reporting, which may result in material misstatements of our
consolidated financial statements or cause us to fail to meet our periodic reporting obligations.
Prior to the completion of our IPO, we were a private company. As a private company, we were
not required to have designed or maintained an effective control environment such as that of a public
company under the rules and regulations of the SEC. Although we are not yet subject to the certification
or attestation requirements of Section 404 ("Section 404") of the Sarbanes-Oxley Act of 2022 (the
"Sarbanes-Oxley Act"), in connection with the audit of our financial statements for the fiscal years ended
December 31, 2024, 2023 and  2022, we have self-identified material weaknesses in our internal control
over financial reporting.
A material weakness is a deficiency, or a combination of deficiencies, in internal control over
financing reporting such that there is a reasonable possibility that a material misstatement of our annual
or interim financial statements will not be prevented or detected on a timely basis. The material
weaknesses for the fiscal years ended December 31, 2024, 2023 and 2022 relate to: (i) the lack of
maintaining a sufficient complement of accounting and financial reporting resources commensurate with
our financial reporting requirements, (ii) the lack of designing and maintaining an effective risk
assessment process, which led to improperly designed controls, (iii) the lack of maintaining appropriate
control activities to support the review of account reconciliations and balance sheet substantiation, the
appropriate segregation of duties over manual journal entries and rights over access administrative
controls and (iv) the failure to document, thoroughly communicate and monitor control processes and
relevant accounting policies and procedures.
To address the material weaknesses identified above, we have developed a remediation plan in
2024 and are continuing to implement these remediation efforts. The remediation plan includes the
following activities: (i) the strengthening of our financial reporting and accounting teams, including through
hiring additional experienced technical personnel, and an on-going assessment of how these teams'
capabilities can be further enhanced as needs are identified; (ii)the engagement of external experts to
47
support the design of our risk assessment processes and control framework in line with the Committee of
Sponsoring Organisations of the Treadway Commission (otherwise known as "COSO") framework,
including a continued evaluation of the design and operational effectiveness of internal controls; (iii) the
implementation of tools to support the allocation and tracking of completion and review over balance
sheet account reconciliations, establishment of  system-enforced segregation of duties for posting and
approval of manual journals and improved controls over access administration (particularly over key
internal systems); and (iv) engagement with external experts to enhance documentation around control
processes and the establishment of effective communication channels to monitor and report information
on such control processes (which was commenced during Q3 2024).
The activities that we are taking as part of our remediation plan are subject to on-going review by
our executive management team and oversight by our Audit and Compliance Committee. However, we
cannot assure you that these measures will improve or remediate the material weaknesses described
above. Although we have made progress towards their remediation, we have not yet fully completed our
remediation plan and these remediation efforts will require validation and testing of the design and
operating effectiveness of internal control over financial reporting over a sustained period of financial
reporting. As a result, the timing of when we will be able to remediate the material weaknesses is
uncertain, and we may not remediate these material weaknesses during the year ending December 31,
2025 or any subsequent periods thereafter.
If we are unable to successfully remediate the existing material weaknesses in our internal control
over financial reporting, the accuracy and timing of our financial reporting and the price of our securities
may be adversely affected, and we may be unable to maintain compliance with the applicable stock
exchange listing requirements. Implementing any appropriate changes to our internal control over
financial reporting may divert the attention of our management and employees, entail substantial costs to
modify our existing processes and take significant time to complete. These changes may not, however, be
effective in maintaining the adequacy of our internal control over financial reporting, and any failure to
maintain that adequacy, or consequent inability to produce accurate financial statements on a timely
basis, could increase our operating costs and harm our business.
We are subject to Section 404, which requires that we include a report of management on our
internal control over financial reporting in our second annual report on Form 20-F. In addition, our
independent registered public accounting firm must attest to and report on the effectiveness of our
internal control over financial reporting in our second annual report on Form 20-F. If we identify any
additional material weaknesses in our internal control over financial reporting in the future, or if we fail to
achieve and maintain an effective internal control environment, we could suffer material misstatements in
our financial statements and fail to meet our reporting obligations, which could result in the restatement of
our financial statements and cause investors to lose confidence in our reported financial information. This
could in turn limit our access to capital markets and harm our results of operations. Additionally, ineffective
internal control over financial reporting could expose us to increased risk of fraud or misuse of corporate
assets and subject us to potential delisting from Nasdaq, regulatory investigations and civil or criminal
sanctions.
As an English public limited company, certain capital structure decisions will require
shareholder approval, which may limit our flexibility to manage our capital structure.
English law provides that, subject to certain exceptions (including the allotment, or the
grant of rights to subscribe for or convert any security into shares, in pursuance of an employees' share
scheme), a board of directors of a public limited company may only allot shares (or grant rights to
subscribe for or convert any security into shares) with the prior authorization of shareholders, such
authorization stating the aggregate nominal amount of shares that it covers and being valid for a
maximum period of five years, each as specified in the articles of association or relevant ordinary
shareholder resolution passed by shareholders at a general meeting. In connection with and immediately
prior to the consummation of our IPO, our shareholders approved an ordinary resolution to authorize our
Board to allot equity securities up to an aggregate nominal value of
$37,337.19
, representing
48
approximately one-third of our issued share capital immediately following completion of our IPO. Our
shareholders approved this authority to be effective until the end of our next annual general meeting or, if
earlier, on the date that is 15 months from the date of such resolutions, being July 15, 2025. This
authorization will need to be renewed, or a new authorization approved, by our shareholders prior to or
upon its expiration.
English law also generally provides shareholders with preemptive rights when new shares are
issued for cash, except that such rights do not apply to the allotment of equity securities that would, apart
from any renunciation or assignment of the right to their allotment, be held under or allotted or transferred
pursuant to an employees' share scheme. However, it is possible for the articles of association, or for
shareholders to pass a special resolution at a general meeting, being a resolution passed by at least 75%
of the votes cast, to disapply preemptive rights. Such a disapplication of preemptive rights may be for a
maximum period of up to five years from the date of adoption of the articles of association, if the
disapplication is contained in the articles of association, or from the date of the shareholder special
resolution, if the disapplication is by shareholder special resolution, but not longer than the duration of the
authority to allot shares to which the disapplication relates. In connection with and immediately prior to the
consummation of our IPO, our shareholders approved a special resolution to disapply preemptive rights
for the allotment of equity securities up to an aggregate nominal value of $11,201.16, representing
approximately 10% of our issued share capital immediately following completion of our IPO. Our
shareholders approved this disapplication to be effective until the end of our next annual general meeting
or, if earlier, on the date that is 15 months from the date of such resolutions, being July 15, 2025. This
disapplication will need to be renewed, or a new disapplication of preemptive rights approved, by our
shareholders prior to or upon its expiration.
English law also generally prohibits a public company from repurchasing its own shares without
the prior approval of shareholders by ordinary resolution, being a resolution passed by a simple majority
of votes cast, and other formalities. Such approval may be for a maximum period of up to five years.
United States Holders of
our
ordinary shares may suffer adverse consequences if we are
treated as a passive foreign investment company.
We would be a passive foreign investment company ("PFIC"), for any taxable year if, after the
application of certain look-through rules, either: (i) 75% or more of our gross income for such year is
"passive income" (as defined in the relevant provisions of the Internal Revenue Code of 1986, as
amended) (the "Code"); or (ii) 50% or more of the value of our assets (generally determined on the basis
of a quarterly average) during such year is attributable to assets that produce or are held for the
production of passive income. For these purposes, cash and other assets that do or could generate
passive income are categorized as passive assets. Passive income generally includes, among other
things, rents, dividends, interest, royalties, gains from the disposition of passive assets and gains from
certain commodities and securities transactions. Special rules apply for dealers as specifically defined
under the PFIC rules.
Adverse U.S. federal income tax consequences, including increased tax liability on disposition
gains and certain "excess distributions" and additional reporting requirements, could apply to a United
States Holder (as defined in Item 10. "Taxation – Material U.S. Federal Income Tax Considerations") if we
are treated as a PFIC for any taxable year during which such U.S. Holder holds our ordinary shares. U.S.
Holders should consult their tax advisors about the potential application of the PFIC rules to their
investment in our ordinary shares. See Item 10."Taxation –Material U.S. Federal Income Tax
Considerations."
If a United States person is treated as owning 10% or more of our shares, such holder may
be subject to adverse U.S. federal income tax consequences.
If a United States person is treated as owning (directly, indirectly, or constructively) at least 10%
of the value or voting power of our shares, such person may be treated as a "United States shareholder"
49
with respect to each controlled foreign corporation ("CFC") in our group (if any). Because our group
includes one or more U.S. subsidiaries, certain of our non-U.S. subsidiaries are expected to be treated as
CFCs (regardless of whether we are treated as a CFC). A United States shareholder of a CFC may be
required to report annually and include in its U.S. taxable income its pro rata share of "Subpart F income,"
"global intangible low-taxed income," and investments in U.S. property by CFCs, regardless of whether
we make any distributions. An individual that is a United States shareholder with respect to a CFC
generally would not be allowed certain tax deductions or foreign tax credits that would be allowed to a
United States shareholder that is a U.S. corporation.
Failure to comply with these reporting obligations may subject a United States shareholder to
significant monetary penalties, and may prevent the statute of limitations with respect to such
shareholder's U.S. federal income tax return for the year for which reporting was due from starting. We
cannot provide any assurances that we will assist investors in determining whether we are or any of our
non-U.S. subsidiaries is treated as CFC or whether any investor is treated as a United States shareholder
with respect to any such CFC or furnish to any United States shareholder information that may be
necessary to comply with the above reporting and tax paying obligations. The United States Internal
Revenue Service has provided limited guidance on situations in which investors may rely on publicly
available information to comply with their reporting and tax paying obligations with respect to foreign-
controlled CFCs. A United States investor should consult its advisors regarding the potential application of
these rules to an investment in our ordinary shares.
It may be difficult to enforce a U.S. judgment against us or certain of our directors and
officers outside the United States, or to assert U.S. securities law claims outside of the United
States.
The majority of our directors and executive officers are not residents of the United States, and the
majority of our assets and the assets of these persons are located outside the United States. As a result,
it may be difficult or impossible for investors to effect service of process upon us within the United States
or other jurisdictions, including judgments predicated upon the civil liability provisions of the federal
securities laws of the United States. See "Enforcement of Liabilities". Additionally, it may be difficult to
assert U.S. securities law claims in actions originally instituted outside of the United States. Foreign
courts may refuse to hear a U.S. securities law claim because foreign courts may not be the most
appropriate forum in which to bring such a claim. Even if a foreign court agrees to hear a claim, it may
determine that the law of the jurisdiction in which the foreign court resides, and not U.S. law, is applicable
to the claim. Further, if U.S. law is found to be applicable, the content of applicable U.S. law must be
proved as a fact, which can be a time-consuming and costly process, and certain matters of procedure
would still be governed by the law of the jurisdiction in which the foreign court resides.
Our amended and restated articles of association contain exclusive jurisdiction
provisions, which may impact the ability of shareholders to bring actions against us in certain
jurisdictions or increase the cost of bringing such actions.
Our amended and restated articles of association ("Articles of Association") provide that the
courts of England and Wales shall have the exclusive jurisdiction for resolving all actions or proceedings
brought by a shareholder in its capacity as a shareholder or on our behalf against us, our directors,
officers or other employees of the Company, other than shareholder complaints asserting a cause of
action arising under the Securities Act or the Exchange Act and that the U.S. District Court for the
Southern District of New York will be the exclusive jurisdiction for resolving any shareholder complaint
asserting a cause of action arising under the Securities Act or the Exchange Act. In addition, our Articles
of Association provide that any person or entity purchasing or otherwise acquiring any interest in our
shares is deemed to have notice of and consented to these provisions.
These choice of jurisdiction provisions may limit a shareholder's ability to bring a claim in a forum
that it considers favorable for disputes with us or our directors, officers or other employees, which may
discourage such lawsuits. The enforceability of similar exclusive jurisdiction provisions (including
50
exclusive federal jurisdiction provisions for actions, suits or proceedings asserting a cause of action
arising under the Securities Act) in other companies' organizational documents has been challenged in
legal proceedings, and there is uncertainty as to whether courts would enforce the exclusive jurisdiction
provisions in our Articles of Association. Additionally, our shareholders cannot waive compliance with the
federal securities laws and the rules and regulations thereunder. Further, Section 22 of the Securities Act
creates concurrent jurisdiction for federal and state courts over all claims brought to enforce any duty or
liability created by the Securities Act or the rules and regulations thereunder, which permits investors to
bring actions to enforce a duty or liability under the Securities Act in any state or federal court of
competent jurisdiction. If a court were to find either choice of forum provision contained in our Articles of
Association to be inapplicable or unenforceable in an action for any reason, we may incur additional costs
associated with resolving such action in other jurisdictions, which could adversely affect our results of
operations and financial condition. The courts of England and Wales and the U.S. District Court for the
Southern District of New York may also reach different judgments or results than would other courts,
including courts where a shareholder considering bringing a claim may be located or would otherwise
choose to bring the claim, and such judgments may be more or less favorable to us than our
shareholders.
The rights of our shareholders may differ from the rights typically offered to shareholders
of a U.S. corporation.
We are incorporated under the laws of England and Wales. The rights of holders of ordinary
shares are governed by English law, including the provisions of the U.K. Companies Act 2006 (the
"Companies Act") and by our Articles of Association. These rights differ in certain respects from the rights
of shareholders in typical U.S. corporations. For example, the Delaware General Corporation Law relating
to shareholders' rights and protections. The principal differences include the following:
•
Under English law, subject to certain exceptions and disapplications, each shareholder generally
has preemptive rights to subscribe on a proportionate basis to any issuance of ordinary shares or
rights to subscribe for, or to convert securities into, ordinary shares for cash.
•
Under U.S. law, shareholders generally do not have preemptive rights unless specifically granted
in the certificate of incorporation or otherwise;
•
Under English law, certain matters require the approval of not less than 75% of the shareholders
who vote (in person or by proxy (or, if a corporation, by duly authorized representative)) on the
relevant resolution (or on a poll of shareholders, by shareholders representing not less than 75%
of the ordinary shares voting (in person or by proxy (or, if a corporation, by duly authorized
representative))), including amendments to our Articles of Association. This may make it more
difficult for us to complete corporate actions deemed advisable by our Board. Under U.S. law,
generally only majority shareholder approval is required to amend the certificate of incorporation
or to approve other significant transactions;
•
In the United Kingdom, takeovers may be structured as takeover offers or as schemes of
arrangement. Under English law, a bidder seeking to acquire us by means of a takeover offer
would need to make an offer for all of our outstanding ordinary shares. If acceptances are not
received for 90% or more of the ordinary shares to which the offer relates, under English law, the
bidder cannot complete a "squeeze out" to obtain 100% control of us. Accordingly, acceptances of
90% of our outstanding ordinary shares would likely be a condition in any takeover offer to acquire
us, not 50% as is more common in tender offers for corporations organized under U.S. law. By
contrast, a scheme of arrangement, the successful completion of which would result in a bidder
obtaining 100% control of us, requires the approval of a majority in number of the shareholders or
class of shareholders present and voting either in person or by proxy at the meeting and
representing 75% in value of the ordinary shares voting at the meeting for approval;
51
•
Under English law and our Articles of Association, shareholders and other persons whom we
know or have reasonable cause to believe are, or have been, interested in our shares may be
required to disclose information regarding their interests in our shares upon our request, and the
failure to provide the required information could result in the loss or restriction of rights attaching
to the shares, including prohibitions on certain transfers of the shares, withholding of dividends
and loss of voting rights. Comparable provisions generally do not exist under U.S. law; and
•
Under our Articles of Association, the quorum requirement for a shareholder meeting is a
minimum of two shareholders present in person or by proxy (or, if a corporation, by
representative). Under U.S. law, a majority of the shares eligible to vote must generally be present
(in person or by proxy) at a shareholders' meeting in order to constitute a quorum. The minimum
number of shares required for a quorum can be reduced pursuant to a provision in a company's
certificate of incorporation or bylaws, but typically not below one-third of the shares entitled to vote
at the meeting.
General Risk Factors
If we do not meet the expectations of securities analysts, if they do not publish research or
reports about our business, or if they issue unfavorable commentary or downgrade our ordinary
shares, the price of our ordinary shares could decline.
The trading market for our ordinary shares relies in part on the research and reports that
securities analysts publish about us and our business. The analysts' estimates are based upon their own
opinions and are  often different from our estimates or expectations. We do not have any control over
these analysts. If our revenue or our other results of operations are below the estimates or expectations
of public market analysts and investors, the price of our ordinary shares could decline. Moreover, the
price of our ordinary shares could decline if one or more securities analysts downgrade our ordinary
shares or if those analysts issue other unfavorable commentary or cease publishing reports about us or
our business.
We incur significant costs as a result of operating as a public company, and our
management will be required to devote substantial time to new compliance initiatives and
corporate governance practices.
We are subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the
Dodd-Frank Act, the listing requirements of Nasdaq and other applicable securities laws and regulations.
The expenses incurred by public companies generally for reporting and corporate governance purposes
have been increasing. We expect these rules and regulations to continue to increase our legal and
financial compliance costs and to make some activities more difficult, time-consuming and costly. Being a
public company and being subject to such rules and regulations also makes it more expensive for us to
obtain director and officer liability insurance, and we may be required to accept reduced coverage or incur
substantially higher costs to obtain coverage. These laws and regulations could also make it more difficult
for us to attract and retain qualified persons to serve on our Board, on our board committees or as our
executive officers. Furthermore, if we are unable to satisfy our obligations as a public company, we could
be subject to delisting of our ordinary shares, fines, sanctions and other regulatory action and potentially
civil litigation. These factors may therefore strain our resources, divert management's attention and affect
our ability to attract and retain qualified board members.
Raising additional capital may cause dilution to our existing shareholders, restrict our
operations or cause us to relinquish valuable rights.
We may seek additional capital through a combination of public and private equity offerings, debt
financings and strategic partnerships and alliances. For example, we filed the Senior Notes Registration
Statement with the SEC to offer, on a continuous basis, up to
$700 million in aggregate principal amount,
or the equivalent thereof in any other currency, of Senior Notes and on October 30, 2024 we completed
52
an offering under this Registration Statement and received net proceeds of $596.7m
. To the extent that
we raise additional capital through the sale of equity, convertible debt securities or other equity-based
derivative securities, your ownership interest will be diluted, and the terms of the securities may include
liquidation or other preferences that may be senior to your rights as a holder of ordinary shares. Any
indebtedness we incur, including through the issuance of Senior Notes, would result in increased payment
obligations and could involve restrictive covenants, such as limitations on our ability to incur additional
debt and other operating restrictions that could adversely impact our ability to conduct our business. Any
debt or additional equity financing that we raise may contain terms that are not favorable to us and
holders of our ordinary shares. Furthermore, the issuance of additional securities, whether equity or debt,
by us, or the possibility of such issuance, may cause the market price of our ordinary shares to decline,
and holders of our ordinary shares may not agree with our financing plans or the terms of such financings.
We may from time to time distribute rights to our shareholders, including rights to acquire our
securities. However, we cannot make rights available to holders in the United States unless we register
the offer and sale of the rights and the securities to which the rights relate under the Securities Act or an
exemption from the registration requirements is available. We are under no obligation to file a registration
statement with respect to any such rights or securities, to endeavor to cause such a registration statement
to be declared effective or to establish an exemption from registration under the Securities Act.
Accordingly, you may be unable to participate in such a rights offerings and may experience dilution in
your holdings.
Item 4.
Information on the Company.
A.
History and Development of the Company
Our legal name is Marex Group plc and our commercial name is Marex.
We were incorporated under the laws of England and Wales in November 2005.
Our principal executive office is located at 155 Bishopsgate, London, EC2M 3TQ, United
Kingdom. The telephone number at this address is +44 2076 556000.
Our agent for service of process in the United States is Marex Capital Markets Inc. located at 140
East 45th Street, 10th Floor, New York, New York 10017.
For a description of our
principal
capital expenditures and divestitures for the three years ended
December 31, 2024 and for those currently in progress, see Item 5. "Operating and Financial Review and
Prospects."
The SEC maintains an Internet site that contains reports, proxy and information statements, and
other information regarding issuers, such as we, that file electronically, with the SEC at www.sec.gov.
Our website address is www.marex.com. Information contained on, or that can be accessed
through our website does not constitute a part of this Annual Report and is not incorporated by reference
herein. We have included our website address in this Annual Report solely for informational purposes.
B.
Business Overview
Our
Company
Marex is a diversified global financial services platform providing essential liquidity, market access
and infrastructure services to clients across energy, commodities and financial markets. We provide
critical services to our clients by connecting them to global exchanges and providing a range of execution
and hedging services across a range of our asset and product. We operate in a large and fragmented
53
market with significant infrastructure requirements and regulatory and technological complexity, resulting
in high barriers to entry. Moreover, our market is characterized by reduced competitive intensity as we
believe many large banks and other financial institutions have reduced their participation in this part of the
financial ecosystem. We consider these trends to elevate our value proposition and support our growth,
as the scale and diversity of our business enable us to effectively service an underserved and growing
global client base.
Our History
Established in 2005, the transformation of our business has accelerated over the last several
years, beginning with the majority acquisition by a group of investors advised by JRJ Ventures LLP in
2010.
Since then, we have expanded into new products and geographies through investments in new
business divisions and hiring talented people, and undertaking several strategic acquisitions. In doing so,
we grew our client base, deepened our relationships with clients and diversified our business. In the
fourth quarter of 2022, we acquired the global clearing and agency and execution businesses of ED&F
Man Capital Markets. This acquisition significantly enhanced our geographic presence and market
position in the Americas, APAC and the Middle East, increased our position in the financial securities
asset class and provided a platform for further expansion. In December 2023, we acquired Cowen's
legacy prime services and outsourced trading business, which further expanded and diversified our
product offering in financial securities and our U.S. client base.
On April 24, 2024, the Group's registration statement on Form F-1 related to its initial public
offering ("IPO") was declared effective and, on April 25, 2024, the Group's ordinary shares began trading
on the Nasdaq Global Select Market under the symbol "MRX".
Throughout our evolution, we have added and retained high quality talent, which we believe is our
greatest resource and has allowed us to provide our clients with innovative products, value-added insights
and high-quality service.
Our
Principal
Services
We provide broking and other essential specialist services to counterparties operating in the
major wholesale and exchange-traded commodity markets in the United Kingdom, Europe, North America
and certain markets in APAC. Our services are divided into four core businesses: Clearing, Agency and
Execution, Market Making and Hedging and Investment Solutions,
from
which we derive
d
29%
,
44%
,
13%
and
10%
, respectively, of our revenue for the year ended December 31, 2024.
Clearing
We provide clients with execution and clearing services on
60
regulated exchanges worldwide.
We offer execution and clearing services in metals (both base and precious), agricultural products
(primarily softs, which include cocoa, coffee, grains, livestock and sugar), energy and financial futures and
options. Clients have access to voice, electronic and algorithm execution services for trades across all our
principal markets.
Our execution and clearing teams are based in London, New York and Chicago. Our execution
and clearing activities are primarily concentrated on the LME, CME and
the
ICE. We are a Ring Dealer
and one of nine Category 1 members on the LME, which allows us to trade LME contracts by open outcry
in the ring, by telephone and electronically through LME select, to issue client contracts to clients and to
clear trades on our own behalf and on behalf of our clients. We act as principal on behalf of our clients
and generate revenue through commissions earned on executing and clearing trades. We also generate
interest income from client cash balances that we hold. Our Clearing fee pricing is determined on a client-
by-client basis, based on factors including creditworthiness, client type and asset class (commodities, for
54
example, have a higher commission rate on average than other asset classes, such as financial
securities). We execute certain trades on behalf of other brokers on a "give-up" basis, meaning they are
cleared by another exchange member.
We are required to post margins with exchanges and Clearing Houses. As a result, we require
clients to provide margin deposits to cover initial and variation margins. We determine these margins
based on the "position limit" for the relevant client, which represents the maximum exposure that a client
can take. To facilitate on-exchange transactions, we grant margin credit facilities to selected clients for
both initial and variation margins, particularly in our metals and agriculture businesses. Many clients are
required to post collateral to secure credit, usually in the form of cash, cash equivalents or, on occasion,
metal warrants. This collateral is posted to a separate, standalone account and cannot be used to fund
trading. To help us manage potential credit risks, all client credit lines are uncommitted and can be
cancelled at short notice. We also conduct daily margin calls.
In 2019, we launched Marex Clearing Services to consolidate and advance our existing clearing
offerings. Marex Clearing Services caters exclusively to the wholesale market, predominantly providing
services to groups of traders. Marex Clearing Services' activities are concentrated in interest rate and
stock index futures and options products traded on the ICE, the London International Financial Futures
and Options Exchange and Eurex, the European derivatives exchange. Our Neon client portal
complements our Clearing capabilities with near real-time updates on transactions and exposures, which
we believe allows our clients to efficiently manage their accounts and risk.
We expect to integrate our commercial and operational Clearing capabilities in Europe with the
United States. We also intend to expand our operations and exchange memberships in APAC and Latin
America.
Agency and Execution
Our Agency and Execution business provides essential liquidity and execution services to our
clients, primarily through its Capital Markets and Energy divisions. We utilize market connectivity to match
buyers and sellers to facilitate price discovery and to enable buyers and sellers to transact directly. We
also provide execution services, where we execute transactions on a regulated exchange on behalf of our
clients and then pass the transaction to the relevant counterparty or clearing house to settle and, in
connection with our Prime Brokerage Services, provide trade execution custody and clearing services.
Our clients can trade with us through multiple channels, including voice, electronic and algorithmic, across
all of our principal markets.
Capital Markets
Through our Capital Markets division, we offer liquidity and execution services for financial
securities through 42 trading desks that cover products including foreign exchange, equities, fixed income
and other offerings. The division also consolidates certain businesses that we have acquired over recent
years, such as XFA, Volcap Trading Partners Ltd, the Frontier Markets business, certain desks within
MCMI, the brokerage business of OTCex and the prime brokerage and outsourced trading businesses of
Cowen, and organically developed businesses such as our Interest Rates Swaps, Cash Equity, Equity
Derivatives and Bank Facilitation desks.
In financial securities markets, we mostly operate on a matched principal basis, whereby we enter
into simultaneous transactions with both a buyer and seller in such a manner that minimizes our market
risk exposure under each side of the transaction, generating revenue through either a spread between
buying and selling prices or commission. Certain product lines within our Capital Markets division, in
respect of which we act as principal to buy or sell financial securities for our own account to increase
market liquidity, contribute to our Market Making segment, as set out below.
Energy
55
Our Energy division is comprised of our traditional wholesale energy brokerage business and
matches buyers and sellers in the OTC energy market.
We operate as an agent for our clients, leveraging our extensive knowledge of the energy sector
and our relationships with clients to arrange trades in OTC energy products and add value through multi-
leg, multi-product and multi-class transactions. We cover energy asset classes in all major markets and
have a leading market share in many products, which allows us to access deep liquidity for our clients.
We offer Energy services across the below principal products:
•
Oil:
Fuel oil financial products, light ends (such as liquefied petroleum gas and naphtha
financial products), physical oil products, gasoline financial products,
middle distillates
financial products, crude futures, crude options, OTC crude and physical crude.
•
Power and gas:
Power, natural gas, liquid natural gas futures, OTC crude, physical crude,
renewables and petrochemicals.
•
Shipping and freight:
Physical wet freight.
Our Energy division generates revenue through commissions from arranging trades and through
the sale of OTC energy market data. Unlike our Clearing business, our Energy business does not require
the use of credit lines.
Market Making
We provide Market Making services across major commodities markets for metals, agricultural
products and energy. We also act in a market making capacity in respect financial securities and certain
product lines within our Capital Markets division, including in equities and corporate bonds and interest
rate swaps products and through our Frontier FX desk.
As of December 31, 2024, we traded a total of
more than 57 asset classes and had
134
front-office FTEs in our Market Making business.
Our significant
scale and broad market connectivity enable us to provide competitive prices on a principal basis in a wide
variety of energy and commodity markets, which differentiates our business from many of our peers. We
believe that our Market Making activities are principally concentrated on three key global exchanges: the
LME, the CME and ICE.
We act as principal on Market Making transactions by buying and selling commodities and
securities on an exchange for our own account, which increases liquidity in the relevant market. We
believe we incur limited market risk from taking positions during our Market Making activities, as we do
not take directional positions. The clients we serve in our Market Making business are categorized as
producers and refiners (such as Codelco, ZiJin, Cooxupe, Cepsa, Glencore, Gasum and ElectroRoute),
consumers (such as Wendy's, Nestle, Nordon and Energie260), Banks (such as Goldman Sachs, BNP
Paribas and RWE), and trading firms and asset managers (such as BlackRock, Wellington Management,
Glencore and Shell Energy). We generally hold positions for a short period, typically on an intraday or
overnight basis, and conservatively manage risk limits as evidenced by our relatively
low
average VaR of
approximatel
y $3.2 million, $2.5 million and $2.0 million for t
he years ended December 31, 2024, 2023
and 2022, respectively.
Other key tools in place for risk mitigation include sensitivity limits, concentration limits, stress
testing limits and additional non-limit control measures. Furthermore, the Market Making business is
positively levered to market volatility, which causes both trading volumes to increase and bid-ask spreads
we capture to widen. We believe our prudent risk management approach enables us to achieve greater
consistency in our profitab
ility. For the year ended December 31, 2024, Market Making trading was
profitable 86% of days, 98% of weeks and 100% of months, for 2023, Market Making trading was
profitable 88% of days, 100% of weeks and 100% of months and for 2022, Market Making trading was
profitable 84% of days, 96% of weeks and 100% of months.
56
Hedging and Investment Solutions
Through the Hedging Solutions division of our Hedging and Investment Solutions business, we
provide our clients with OTC traded hedging and customized OTC derivatives solutions. We generate
revenue from our Hedging and Investment Solutions business by building a return into the pricing of the
product. Our commodity hedging solutions allow producers and consumers of commodities to hedge their
exposure to movements in energy and commodity prices, as well as exchange rates, across a variety of
different time horizons.
Where a client's requirements go beyond the solutions offered by exchange listed products, our
Hedging and Investment Solutions business creates a tailored derivatives solution through customized
OTC derivatives with the objective of matching the client's needs. The division comprises two key sub-
divisions: (i) Hedging Solutions; and (ii) Financial Products.
We intend to further build out the distribution network for our Hedging and Investment Solutions
business in the United States, Brazil and APAC and explore opportunities in the environmentals market,
including carbon credits. We also plan to continue to invest in our derivatives engine and client portal to
further enhance our competitive advantage.
Hedging Solutions
The Hedging Solutions business provides our clients with tailored risk management solutions
across a spectrum of commodity markets, including agriculture (including grains, softs, forestry and dairy),
metals, energy (including biofuels) and currency markets. Clients include trading houses, producers and
consumers as well as banks and distributors.
Hedging Solutions organizes tailored hedging solutions into four primary categories:
•
Participation:
Participation products allow clients to participate one-to-one in the underlying
market, either in the underlying contract currency or in the local currency.
•
Protection:
Protection products allow clients to mitigate against adverse or unexpected
market moves that could otherwise damage the business.
•
Price Improvement:
Price improvement products enable clients to achieve a better sale price
compared to the market price, in exchange for less certainty in volume executed.
•
Range Extraction:
Range extraction products extract value from range bound markets. These
can be tailored to give more appropriate risk profiles than listed alternatives.
The Hedging Solutions division offers some margin forgiveness to most clients for a pre-agreed
amount of their margin call. As a result, the Hedging Solutions division assumes a degree of credit risk for
its clients to the extent of such agreed amount. We also extend credit lines to select clients for variation
margin payments. Given the increased risk to our business, variation margin credit is subject to additional
limits, including the capping of credit offered in specific geographies. As part of our risk management
strategy, OTC exposures are hedged through a combination of exchange traded derivatives and OTC
trades with top-tier investment banks.
Financial Products
We launched Financial Products, our structured notes business, in 2018. The Financial Products
division
had 770, 362 and 222 clients in the
years ended December 31, 2024, 2023, and 2022,
respectively. These clients, include private banks, independent asset managers, pension funds and
corporates such as Bondpartners SA, Bank J. Safra Sarasin, Julius Baer and Union Bancaire Privée. The
structured notes business provides our clients with Structured Notes and represents a way to diversify our
sources of funding and to reduce the utilization of our Credit Facilities.
57
The structured notes business allows investors to build their own Structured Notes across
numerous asset classes, including commodities, equities, foreign exchange and fixed income products.
Our regulated subsidiary Marex Financial is the legal entity through which we conduct the structured
notes business and Marex Group plc and Marex Financial are both issuers under our Structured Notes
Program. Marex Financial is rated BBB by S&P, and Marex is rated BBB– (outlook stable) by S&P and
BBB by Fitch.
We organize our investment solutions into four primary categories:
•
Participation:
Clients invest in a single security that provides access to the performance of a
selected underlying asset or assets, which can be actively managed by the client over time.
•
Capital Protected:
Low risk solutions that provide investors with their principal investment
back plus the growth of a chosen underlying asset at maturity.
•
Yield Enhancement:
In a low interest environment, clients receive a relatively large coupon if
the market remains flat or rallies but risk some capital if the market falls beyond a certain
level.
•
Leverage:
Investors receive full participation in the upside and downside of the chosen
underlying asset without providing the full cash value of the underlying asset.
We
offer a diverse portfolio of Structured Notes, including auto-callable, fixed, stability and credit-
linked notes, with varied terms across numerous asset classes. Marex Group plc and Marex Financial act
as the "manufacturers" of the Structured Notes. The notes are distributed to investors through a network
of distributors. The Structured Notes are settled through the Clearstream clearing system to investors who
purchase and hold the structured notes through their custodian bank. Some of the Structured Notes
issued by Marex Financial are listed on the Vienna MTF, a multilateral trading facility operated by the
Vienna Stock Exchange.
In addition, we provide liquidity in the secondary market for our Structured Notes. As part of our
risk management strategy, the Structured Notes are hedged through a combination of exchange traded
derivatives and OTC trades with top-tier investment banks. Marex Financial also operates an alternative
structured notes program, the Tier 2 Program, which, due to the long-dated term of the structured notes
issued thereunder, enables the Tier 2 Notes to qualify as Tier 2 capital for the purposes of our regulatory
capital requirements.
Information Technology
We have developed and continue to develop client-centric proprietary technology, which we
believe enables us to deliver innovative solutions to our clients and create a scalable operating
environment across our business and enables the efficient integration of our acquired businesses. We
deploy numerous computer and communications systems and networks to operate our broking business,
including front-end broking platforms available to clients and brokers to disseminate information, provide
analytics and collect and manage orders, alongside our back-office infrastructure.
Our operating platforms are supported by third-party platforms, including modern cloud-based
solution providers. These third-party providers help us to ensure that our technology is reliable, scalable
and provide a seamless client experience. Cloud services help us accelerate our product development by
ensuring that we can leverage existing technology and that we can bolt on additional services where
applicable. This enables us to focus our development efforts on the platforms that differentiate our
offerings and reduce our time-to-market.
At the core of our technology offering are Neon and Agile, our proprietary front-end broking
platforms.
58
Neon
We launched Neon, our trading, risk and data platform, in 2020. Neon provides traders with direct
access to global commodity and financial exchanges, enables clients to manage their risk, including
through the application of risk management methodologies, and provides access to market data. Neon
can be accessed by multiple channels including via desktop and mobile. The number of Neon users was
approximately 22,000, 16,000, 10,000, 8,000, 2,000 and 1,000 for the years ended December 31, 2024,
2023, 2022, 2021, 2020 and 2019, respectively. We calculate the number of users based on the number
of subscribers that accessed the platform during each respective year.
Neon's applications are summarized below:
•
Neon Insights:
Research, commentary and insights across energy, metals, agricultural and
financial markets.
•
Neon Energy:
Fully customizable, real-time view of our highly liquid energy markets.
•
Neon Metals:
Access to our liquidity in base metals, from adjusting 3M positions to trading
spreads.
•
Neon Crude:
Real-time crude trading platform, allowing users to view and trade bids for the
Canadian crude market.
•
Neon Trader:
Real-time exchange trading with access to multiple global futures and options
markets.
•
Neon Risk:
Comprehensive post trade risk management, allowing users to manage risk
effectively with real-time P&L at instrument, account, trading group or firm level.
Agile
Agile is our full-service commodity broking platform that allows clients to manage their OTC
hedging portfolio electronically. Our Agile platform aims to provide clients with full transparency and
control through the hedging life cycle. Through Agile, clients can explore new trade ideas in real time,
monitor and analyze their hedging portfolio and access up-to-date market data and pricing information.
Our Principal Markets
EMEA
We are headquartered in London, with offices in Paris, Versailles, Dublin, Milan, Bruchköbel,
Amsterdam, Rotterdam, Lisbon, Madrid, Belfast, Geneva, the DIFC and Tel Aviv.
Americas
We have offices in New York, Chicago, Houston, Stamford, Miami, San Francisco, Des Moines, Clark,
Saint Louis Park, Red Bank, Richmond, Schaumburg, Calgary, Montreal and S
ão Paulo
. Our North
American energy business is based in our Houston office, our agricultural business is based in Chicago
and our New York office focuses on our financial products.
APAC
We have offices in Hong Kong, Singapore, Sydney, Melbourne, Brisbane and Auckland. In
addition to clients served by our Asia desks, our European and North American offices have a growing
base of clients located in Asia that are principally served by our London and New York desks.
Seasonality
59
See Item 5. Operating and Financial Review and Prospectus.
Regulation
As a global financial services platform, we have the following regulated financial services
companies.
Regulated Entities in the U.K.
The below is a list of all of our entities that are regulated in the United Kingdom (the "U.K.
Regulated Entities"):
•
Marex Financial, which is regulated in the United Kingdom by the FCA, in Italy by the
Consob, in Dubai by the SCA and in Australia by the ASIC;
•
Marex Spectron International Limited ("MSIL"), which is regulated in the United Kingdom by
the FCA and by the Alberta Securities Commission in Canada;
•
MCMI, which is regulated by the FCA;
•
Marex Prime Services Limited, which is regulated by the FCA; and
•
HPC Investment Services Limited, which is regulated by the FCA.
Regulated Entities in the U.S.
The below is a list of all of our entities that are regulated in the United States (the "U.S. Regulated
Entities"):
•
MCMI, which is regulated as an FCM by the CFTC, and is a member of and regulated by the
NFA. MCMI is also regulated by the CME (its designated SRO), and as a broker-dealer by the
SEC and FINRA;
•
MSIL, which is regulated as an introducing broker ("IB") by the CFTC and is a member of and
regulated by the NFA;
•
Marex MENA Limited ("MML"), which is regulated as an IB by the CFTC and is a member of
and regulated by the NFA;
•
XFA, which is regulated as a broker-dealer by the SEC, as an IB by the CFTC, is a member
of and regulated by the NFA and the Chicago Board Options Exchange ("CBOE") (in respect
of the CBOE, as its designated SRO); and
•
Marex Puerto Rico LLC ("MPR LLC"), which is regulated as an IB by the CFTC and is a
member of and regulated by the NFA.
Regulated Entities in the E.U.
The below is a list of all our entities that are regulated in the European Union (the "E.U.
Regulated Entities"):
•
Marex SA, which is regulated by the AMF and the ACPR in France. Marex SA has regulated
branches in Portugal (regulated by the CMVM) and in Italy (regulated by the Consob);
•
MSEL, which is regulated by the Central Bank of Ireland ("CBI") in Ireland. MSEL has
regulated branches in Germany (regulated by BaFin) and Spain (regulated by the CNMV);
60
•
Marex France SAS ("Marex AIFM"), an Alternative Investment Fund Manager ("AIFM")
regulated by the AMF in France; and
•
Arfinco SA, which is regulated by the ACPR in France.
Regulated Entities in other jurisdictions
The below is a list of all our entities that are regulated in jurisdictions other than the United
Kingdom, the United States or the European Union:
•
Marex Spectron Asia Pte. Ltd. ("MSAPL"), which is regulated by the MAS in Singapore and
the NFA in the United States;
•
Marex Hong Kong Limited ("MHKL"), which is regulated by the SFC in Hong Kong;
•
Marex Financial Services Hong Kong Limited ("MFS HK") (formerly OTCex Hong Kong
Limited), which is regulated by the SFC in Hong Kong;
•
MML, which is regulated by the DFSA in the DIFC; and
•
Marex Australia Pty Ltd ("MAPL"), which is regulated ASIC in Australia.
Each regulated company generally provides services to clients based both within and outside of
its home jurisdiction in accordance with the applicable legal and regulatory requirements. In certain
jurisdictions, this involves relying on applicable exemptions. In addition to the regulatory regimes in each
company's home jurisdiction, our companies may be subject to overseas law and regulation when they
provide services on a cross-border basis. We are also subject to anti-money laundering, counter-terrorism
financing and sanctions laws and regulations in the jurisdictions in which we operate.
Several areas of regulation have either seen recent change or are areas where future change is
anticipated. Where these changes may pose a material risk to the future operation of our business, they
have been disclosed in "Risk Factors—Risks Relating to Regulation."
United Kingdom
The statutory framework for the regulation of financial services in the United Kingdom is set out in
the Financial Services and Markets Act 2000 ("FSMA"). FSMA requires firms that provide financial
services in the United Kingdom to be authorized and regulated by the relevant regulatory authority.
Financial services firms are subject to supervision by one or both of two U.K. regulators—the FCA and the
Prudential Regulation Authority ("PRA"). The PRA is responsible for regulating banks and building
societies (as deposit takers), insurers and credit unions and large investment firms (e.g., investment
banks) for prudential purposes. The FCA regulates all other investment firms for prudential purposes, and
regulates all financial services firms for conduct purposes.
Entities Subject to the FCA's Supervision
In the United Kingdom, we have five regulated entities: Marex Financial, MSIL, MCMI, Marex
Prime Services Limited and HPC Investment Services Limited. The U.K. Regulated Entities are regulated
and authorized by the FCA as their sole U.K. regulator for both prudential and conduct matters. HPC
Investment Services Limited is regulated and authorized by the FCA as the operator of an OTF, which is
the platform through which our U.K.-based clients can trade certain products and asset classes. The FCA
is also the prudential supervisor of our business on a consolidated basis. None of our entities are
authorized or regulated by the PRA.
To be authorized by the FCA, firms are subject to an extensive approval process. This includes
assessing their compliance with various regulatory requirements, including certain "threshold conditions".
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Threshold conditions are the minimum conditions which must be satisfied (both at the time of
authorization and on an ongoing basis) for a firm to gain and continue to have permission to carry on the
relevant regulated activities under FSMA. The threshold conditions for FCA regulated firms relate to
matters including:
•
the firm's legal form and location of offices;
•
whether the firm is capable of being effectively supervised by the FCA;
•
whether the firm has adequate resources (both financial and non-financial) to carry on its
business; and
•
whether, considering all the circumstances (including whether the firm's affairs are conducted
soundly and prudently), the firm is a fit and proper person to conduct the relevant regulated
activities.
The FCA's Principles for Businesses sets out high-level principles that apply to all authorized
firms. This includes requirements for firms to treat clients fairly, maintain adequate financial resources and
risk management systems, observe proper standards of market conduct, manage conflicts of interest
fairly, communicate with clients in a way that is clear, fair and not misleading, and deal with their
regulators in an open and cooperative way.
The FCA also has certain powers in relation to the approval of the "controllers" of U.K. FCA
authorized firms, including the U.K. Regulated Entities. Any person proposing to acquire or increase
"control" at or above prescribed thresholds in an FCA authorized firm must obtain approval from the FCA
prior to the change in control.
FCA Supervision and Enforcement
The FCA has a wide range of supervisory powers, including extensive powers to intervene in the
affairs of an FCA authorized firm. The FCA also has various disciplinary and enforcement powers, which
include powers to (i) limit or withdraw a firm's permissions; (ii) suspend individuals from undertaking
regulated activities; (iii) impose restitution orders; and (iv) fine, censure, or impose other sanctions on
firms or individuals.
The FCA can formally investigate a firm, require the production of information or documents, or
require a firm to provide a "skilled persons" report under section 166 of FSMA to facilitate its supervision
of a firm. For example, in 2022 the FCA required us to provide a "skilled persons" report on the product
governance controls and processes that we had implemented in respect of our Hedging and Investment
Solutions business. After reviewing this report, the FCA determined that it did not need any further
information on this subject.
The U.K. Regulated Entities are subject to the Senior Managers and Certification Regime
("SMCR"), which relates primarily to the accountability and responsibility of managers and other relevant
staff. Under the SMCR, firms must have clear and effective governance structures. Different conduct rules
apply to the U.K. Regulated Entities' staff depending on the seniority of the function performed.
The FCA may take direct enforcement action under the SMCR against individuals undertaking
senior management functions for authorized firms. Under the SMCR, the FCA may revoke an individual's
approval to perform certain roles within a firm. Breaches by authorized firms of certain rules can also give
certain private persons (who suffer loss from the breach) a right of action against the firm for damages.
The FCA can also take action against a broader population of individuals under the SMCR including so-
called certification functions as well as conduct rules staff for both financial and non-financial misconduct.
Misconduct both inside and outside the workplace can be relevant to FCA action. In September 2023, the
FCA consulted on its approach to, and draft rules for, the supervision and enforcement of non-financial
misconduct for senior managers, certification functions and conduct rules staff, with a finalized policy
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statement now expected in 2025. Serious instances of non-financial misconduct could lead to disciplinary
action by the FCA including the issuance of prohibition orders against individuals rendering them
permanently unable to work in the financial services industry in the United Kingdom.
U.K. Financial Services Legislation
FSMA is the central piece of legislation for the regulation of financial services companies in the
United Kingdom. Among other things, it imposes certain requirements on FCA authorized firms and gives
the FCA a broad range of powers.
Following Brexit, certain "on-shored" E.U. financial services legislation has been assimilated in
U.K. law. The FCA has published relevant guidance which indicates which pieces of E.U.-derived
regulations will continue to apply in the United Kingdom, in modified form where required ("On-shored
E.U. Regulation"). The FCA, alongside HM Treasury and the PRA, continue to work on the so-called
"Edinburgh Reforms" which, in part, focus on reviewing On-shored E.U. Regulation and determining what
should remain in place under U.K. law and what should instead be revisited and potentially reformed (or
deleted with no replacement or some combination of the foregoing). This means the U.K. regulatory
landscape will be subject to considerable flux in the coming years, which may result in an increased (or
decreased) regulatory and compliance burden on the U.K. Regulated Entities as well as increasing
divergence between the approach adopted by the U.K. Regulated Entities and group companies
regulated in the European Union (and elsewhere). Monitoring for and implementing these changes could
represent a regulatory risk for us as well as necessitating increased legal and compliance spend.
In addition to FSMA, the U.K. Regulated Entities are subject to a wide range of regulatory rules,
including, but not limited to, the rules prescribed in the FCA Handbook and the On-shored E.U.
Regulation. Many of the rules that apply to the U.K. Regulated Entities are derived from this "on-shored"
legislation, including, but not limited to, the U.K. versions of:
•
the regime referred to collectively as MiFID II and MiFIR;
•
the EMIR;
•
the Capital Requirements Regulation (Regulation (EU) No 575/2013 on prudential
requirements for credit institutions and investment firms) ("CRR") and the fourth Capital
Requirements Directive (Directive 2013/36/EU on access to the activity of credit institutions
and the prudential supervision of credit institutions and investment firms) ("CRD IV");
•
the Market Abuse Regulation (Regulation (EU) No 596/2014 on market abuse) ("MAR");
•
the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) ("AIFMD");
•
the Regulation on wholesale energy market integrity and transparency (Regulation (EU) No
1227/2011 on wholesale energy market integrity and transparency);
•
the Benchmarks Regulation (Regulation (EU) 2016/1011 on indices used as benchmarks in
financial instruments and financial contracts or to measure the performance of investment
funds) ("BMR");
•
the Bank Recovery and Resolution Directive (Directive 2014/59/EU establishing a framework
for the recovery and resolution of credit institutions and investment firms) ("BRRD");
•
the Securities Financing Transactions Regulation (Regulation (EU) 2015/2365 on
transparency of securities financing transactions and of reuse); and
•
the Central Securities Depositories Regulation (Regulation (EU) No 909/2014 on central
securities depositories).
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Where E.U. regulations are "on-shored" in the United Kingdom, they typically have a similar
application as the E.U. equivalent, but with various important divergences, which will likely increase over
time.
United Kingdom Wholesale Markets Review and FSMA 2023
In 2021, the U.K. government established a review to improve the regulation of secondary
markets in the United Kingdom (the "Wholesale Markets Review"). The Wholesale Markets Review
proposed a range of changes to how trading in securities is regulated in the United Kingdom. The FCA
has implemented changes where legislation is not required, and other changes have been implemented
by the Financial Services and Markets Act 2023 ("FSMA 2023"), which was published in July 2023.
In particular, FSMA 2023 gives the United Kingdom Treasury the power to designate a person
who provides critical services to regulated firms as "critical." This regime took effect on 1 January 2025
and allows the FCA to directly oversee critical services provided to regulated firms by designated critical
third parties (that would otherwise be unregulated by the FCA) and make associated rules in relation to
such provision. It is expected that certain service providers to our United Kingdom entities may be
deemed critical service providers. However, the UK regulators have yet to publish details of any
designated critical third parties.
Risk Management, Compliance and Governance
The U.K. Regulated Entities must have robust risk management, compliance and governance
processes so that they can be operated in accordance with the U.K. regulatory framework and with sound
risk management processes. This includes the requirement to operate in accordance with U.K.
operational resilience and outsourcing rules. For OTC derivatives transactions, such rules include a
requirement in certain cases to centrally clear or apply "risk mitigation techniques."
Conduct of Business
The U.K. regulatory framework imposes various requirements relating to the conduct of business
of an authorized firm. These requirements relate to, among others, product governance, the treatment of
client money and assets, information provision, disclosure and reporting to clients, handling of client
complaints, best execution, management of conflicts of interest, disclosure to clients of information
relating to charges and the general obligation to deal with clients fairly.
The applicable conduct rules may differ depending on the type of client. While Marex Financial is
authorized by the FCA to provide certain investment services to retail clients, we currently do not have
any retail clients and in practice, we only provide services to professional clients and eligible
counterparties.
The FCA has introduced the "Consumer Duty" designed to ensure that firms deliver good
outcomes for retail clients. The duty applies primarily to firms providing services to retail clients, but it also
has an impact when a wholesale firm is in a distribution chain and, as a result, affects outcomes for retail
investors. This is in addition to existing product governance rules which require manufacturers and
distributors of financial instruments to consider their suitability for the relevant target market and
distribution strategy.
U.K. regulation also governs the provision of information by authorized and unauthorized firms,
including the requirement that financial promotions are compliant with certain disclosure obligations and
are fair, clear and not misleading (or can otherwise be made to specified categories of recipients in line
with specific exemptions).
Market Conduct and Abuse
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Market conduct rules impose certain obligations on the U.K. Regulated Entities, including duties
of transparency to regulators, markets and issuers. This includes trade reporting and monitoring
obligations, both in relation to financial instruments and wholesale energy products to ensure that the U.K.
Regulated Entities help to maintain the proper functioning and integrity of the wider U.K. financial
markets.
Following Brexit, a U.K. version of MAR ("U.K. MAR") operates in parallel to the original E.U.
version ("E.U. MAR"). Both E.U. MAR and U.K. MAR contains prohibitions on insider dealing, unlawful
disclosure of inside information and market manipulation, and provisions to prevent and detect these
abuses.
U.K. MAR requires the U.K. Regulated Entities to monitor and identify potential market abuse and
report any suspicions of market abuse to the FCA. Under U.K. MAR, the FCA may (i) impose an unlimited
fine on any person that engages in market abuse, or that has encouraged or required another person to
do so; (ii) publish a statement of public censure; (iii) apply to the court for an injunction or restitution order;
or (iv) impose other administrative sanctions, such as carrying out on-site inspections and cancelling or
suspending trading in financial instruments. The Financial Services and Markets Act 2023 confers new
rule-making powers on the FCA, including the power to make changes to the regulatory framework on
market abuse in the United Kingdom.
The Criminal Justice Act 1993 also contains rules covering criminal penalties for insider dealing.
The Financial Services Act 2012 contains criminal offenses for making false or misleading statements or
creating a false or misleading impression in relation to relevant investments, including benchmarks.
These offenses sit alongside the civil market abuse offenses in U.K. MAR, and the FCA is empowered to
prosecute both civil and criminal market abuse offenses.
Prudential Capital and Liquidity Requirements
Under the IFPR, we are subject to consolidated prudential supervision by the FCA. Generally,
U.K. Regulated Entities are subject to the IFPR when their activities fall within the scope of MiFID II. The
U.K. Regulated Entities that fall within the scope of the IFPR must satisfy certain prudential capital and
liquidity requirements, including the own funds requirements and the basic liquid assets requirement.
Capital, liquidity and prudential governance requirements vary according to, among others, the scale and
nature of our business, an internal assessment of our requirements and additional requirements imposed
by the FCA.
Resolution Powers
In the United Kingdom, an investment firm may be subject to resolution or investment bank
special administration depending on its systemic importance and regulatory classification. Resolution
rules are included in the Banking Act 2009 and give authorities a wide range of powers to deal with
financial institutions which, in general, are failing or are likely to fail. These powers include pre-insolvency
stabilization powers such as "bail in" (writing down the claims of the firm's unsecured creditors, including
holders of capital instruments, and converting those claims into equity), as well as the power to force the
partial or full sale of an entity subject to resolution. Special administration powers apply at the point an
entity becomes insolvent and allows special administrators to take control of the entity and apply certain
measures such as transferring client money and assets.
Our business does not fall within the scope of special administration rules. However, as our
systemic importance may change, it is possible that we become subject to resolution rules. Decisions
taken in the context of resolution or special administration may materially adversely affect investors in our
ordinary shares.
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Outside resolution, there are requirements for firms which hold client money. These requirements
are principally intended to ensure that client money is protected in the event of the firm's insolvency.
Marex Financial is also subject to specific client money rules relating to regulated clearing arrangements.
Remuneration
We must comply with the "basic" and "standard" remuneration requirements contained in the
Senior Management Arrangements, Systems and Controls sourcebook ("SYSC") 19G of the FCA
Handbook. The U.K. Regulated Entities are also required to comply with the "extended" remuneration
requirements contained in SYSC 19G. SYSC 19G includes general requirements in relation to
remuneration policy, governance and disclosure and specific requirements regarding the remuneration
arrangements of individuals whose professional activities have a material impact on the firms' risk profiles.
Our remuneration committee ensures that our remuneration policies and practices are consistent with the
requirements of SYSC 19G.
Financial Services Compensation Scheme / Financial Ombudsman Scheme
The U.K. Regulated Entities are within the scope of the U.K. Financial Services Compensation
Scheme ("FSCS"). In certain circumstances, the FSCS would provide compensation if those entities were
unable to satisfy the claims of their clients (for example, in the event of an entity's insolvency). The U.K.
Regulated Entities are required to pay an annual levy towards the FSCS, which is variable.
The Financial Ombudsman Scheme ("FOS") is an independent complaints resolution body which
seeks to resolve disputes between consumers and financial services providers. While the U.K. Regulated
Entities are technically subject to the jurisdiction of the FOS, the FOS only considers complaints
presented by an "eligible complainant". Because "eligible complainants" are broadly non-professional
persons, we do not expect any of our clients to be "eligible complainants" for the purposes of the FOS.
Benchmarks
Administering regulated benchmarks is a regulated activity under the U.K. Benchmarks
Regulations ("U.K. BMR"). While we contribute to regulated benchmarks, we do not currently administer
any that are subject to the U.K. BMR.
United States
MCMI, MML, MSIL, XFA and MPR LLC are subject to significant regulation in the United States,
including requirements imposed by the CFTC, FINRA, the SEC, and the NFA. Certain U.S. Regulated
Entities are also subject to the requirements set forth by exchanges to which they hold a membership.
See Item 4B. "Business Overview—Our Principal Services—Clearing." These regulatory bodies and
exchanges protect clients by imposing requirements on the U.S. Regulated Entities, including those
relating to capital adequacy, licensing of personnel, conduct of business, protection of client assets,
record-keeping, trade-reporting and other matters.
The CFTC is responsible for enforcing the CEA. The CFTC has broad enforcement authority over
commodity futures and options contracts traded on regulated exchanges as well as other commodities
trading in interstate commerce. The CEA also vests the CFTC with enforcement authority with respect to
fraud and manipulation involving cash market trading of commodities. MCMI, MML, MSIL, XFA and MPR
LLC must comply with the requirements set out by the CEA, including, by way of example, minimum
financial and reporting requirements, the establishment of risk management programs, use of segregated
accounts for client funds, maintenance of record-keeping measures and in particular, the requirement that
trade execution and communications systems be able to handle anticipated present and future peak
trading volumes.
MCMI is regulated by the CFTC and NFA as a futures commission merchant and MML, MSIL,
XFA and MPR LLC are each regulated by the NFA as an IB. The foregoing U.S. Regulated Entities are
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also subject to the rules and requirements of the exchanges to which they are members, as applicable.
The NFA has the power to search for and implement what it believes are best practices for the industry,
create rules that its members must follow and impose fines or revoke the membership of its members.
The SEC is responsible for enforcing U.S. federal securities laws, including the Securities Act and
the Exchange Act. The SEC has broad enforcement authority over public companies, investment firms
and broker-dealers involved in issuing and transacting in securities on regulated exchanges and OTC
markets. FINRA, a self-regulatory organization that operates under the oversight of the SEC, regulates
member firms and is authorized to enforce disciplinary actions against member firms and registered
representatives who violate federal securities laws or FINRA's rules. MCMI and XFA are regulated by the
SEC, and MCMI is a FINRA member firm.
The U.S. securities industry is subject to extensive regulation under federal and state securities
laws. These laws and regulations include obligations relating to custody and management of client
assets, marketing activities, self-dealing and full disclosure of material conflicts of interest. They generally
grant the SEC and other supervisory bodies administrative powers to address non-compliance. The U.S.
Regulated Entities must comply with a range of requirements imposed by the SEC, state securities
commissions, the Municipal Securities Rulemaking Board ("MSRB") and FINRA.
FINRA regulates trading in securities, including securities futures and options. All firms dealing in
securities that are not regulated by another SRO, such as by the MSRB, are required to be member firms
of FINRA. As part of its regulatory authority, FINRA periodically conducts regulatory exams of its regulated
institutions. FINRA licenses individuals and admits firms to the industry, writes rules to govern their
behavior, examines them for regulatory compliance, and disciplines registered representatives and
member firms that fail to comply with federal securities laws and FINRA's rules and regulations.
Net Capital Requirements
MSIL and the U.S. Regulated Entities are subject to net capital requirements as CFTC and NFA
regulated entities. As an SEC registered broker-dealer and an NFA registered IB (and, in the case of
MCMI, a Futures Commission Merchant under the CFTC's and NFA's rules), each of MCMI and XFA is
subject to minimum capital requirements under Section 4(f)(b) of the CEA, Part 1.17 of the rules and
regulations of the CFTC and the SEC Uniform Net Capital Rule 15c3-1 under the Exchange Act. These
rules specify the minimum amount of capital that must be available to support clients' open trading
positions. Net capital and the related net capital requirement may be subject to daily fluctuations.
Failure to maintain the required net capital may subject each of the U.S. Regulated Entities to
suspension or revocation of registration by the SEC, and suspension or expulsion by FINRA and other
regulatory bodies. They may also experience limitations on their activities, including suspension or
revocation of their registration by the CFTC, suspension or expulsion by the NFA and various exchanges
of which they are members, monetary fines, prohibition on conducting business and ultimately liquidation.
France
The framework for the regulation of financial services in France is set out in (i) the French
Monetary and Financial Code (Code Monétaire et Financier) as well as other French codes and
legislation, (ii) the AMF General Regulation (Règlement Général), supplemented by certain instructions,
positions and recommendations, (iii) the E.U. regulatory framework, as may be directly applicable in
France and (iv) case law and disciplinary sanctions from French courts, the ACPR and the AMF.
Firms that provide financial services in France must be authorized and regulated by the relevant
regulatory authority, the AMF and/or the ACPR. Financial services firms are subject to supervision by one
or both the AMF and the ACPR.
Entities Subject To the AMF and ACPR's Supervision
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In France, we have three regulated entities: Marex SA and Arfinco SA, which each have
permission to carry on a range of investment services and activities, and Marex AIFM. Marex SA is
regulated and authorized by both the ACPR as an investment firm and the AMF as the operator of an
OTF. Arfinco SA is regulated and authorized by the ACPR as an investment firm. Marex AIFM is regulated
and authorized by the AMF as an AIFM. The ACPR also supervises, on a consolidated basis, Marex SA's
parent company, Marex European Holdings Limited, which qualifies as an E.U. parent financial holding
company (compagnie holding d'investissement mère dans l'Union).
To authorize a person to carry on regulated activities in France, the ACPR must determine that
the applicant meets numerous regulatory requirements. The requirements are the minimum conditions
which must be satisfied (both at the time of authorization and on an ongoing basis) for a firm to gain and
continue to hold permission to carry on the relevant regulated activities in France. These conditions relate
to matters including:
•
the firm's legal form and location of offices;
•
whether the firm is capable of being effectively supervised by the ACPR;
•
whether the firm has adequate resources (both financial and non-financial) to carry on its
business;
•
whether, considering all the circumstances (including whether the firm's affairs are conducted
soundly and prudently), the firm is a fit and proper person to conduct the relevant regulated
activities;
•
whether members of the firm's governing body meet certain knowledge, experience, fitness
and propriety requirements, both individually and collectively, and also satisfy certain
availability requirements; and
•
whether managers of the firm's key functions meet certain propriety, knowledge, experience
and fitness requirements.
The authorization for operating a French OTF is granted by the AMF after consulting the ACPR.
Before granting a license to the operator of a trading venue, the AMF reviews the operator's compliance
with the regulatory framework, approves the operating rules and grants a professional card to the persons
in charge of certain control functions. The operator of the trading venue is also required to comply with the
AMF's reporting obligations.
AMF and ACPR Supervision and Enforcement
The AMF and ACPR have a wide range of supervisory powers, including extensive powers to
intervene in the affairs of a regulated firm. The AMF and ACPR also have various disciplinary and
enforcement powers, which include powers to (i) limit or withdraw a firm's permissions; (ii) suspend
individuals from undertaking regulated activities; and (iii) fine, censure, or impose other sanctions on firms
or individuals. The ACPR can formally investigate a firm, require firms to produce information or
documents, or require a firm to comply with additional reporting duties.
The most material regulatory requirements which apply to Marex SA, Arfinco SA and Marex AIFM
are listed below.
Risk Management, Compliance and Governance
Marex SA, Arfinco SA and Marex AIFM are required to have robust risk management, compliance
and governance processes so that they can be operated in accordance with the French regulatory
framework and with sound risk management processes.
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Certain operations by Marex SA, Arfinco SA and Marex AIFM must be subject to, at a minimum,
ex-post notification to the ACPR or the AMF. In certain cases, such as changes to the firm's capital
structure, prior approval by the ACPR or the AMF is required.
Prudential Capital and Liquidity Requirements
Marex SA is subject to prudential regulation in France. Accordingly, Marex SA is subject to
prudential supervision by the ACPR both individually, and on a consolidated basis with its parent
company, Marex European Holdings Limited. Generally, as with the U.K. Regulated Entities, Marex SA,
Arfinco SA and Marex AIFM are subject to prudential capital and liquidity requirements when their
activities fall within the scope of MiFID II.
Resolution Powers
In France, an investment firm may be subject to resolution depending on its systemic importance
and regulatory classification. Resolution rules are set forth in the French Monetary and Financial Code
and give the ACPR and its Resolution Committee a wide range of powers to deal with financial institutions
which, in general, are failing or are likely to fail. These powers include pre-insolvency stabilization powers
such as "bail in," as well as the power to force the partial or full sale of an entity subject to resolution.
Remuneration
The AMF has incorporated the ESMA Guidelines on certain aspects of the MiFID II remuneration
requirements (ESMA-35-43-3565 issued on April 3, 2023). The ESMA Guidelines aim to provide a
common, uniform and consistent application of the MiFID II remuneration requirements and clarify the
application of the governance requirements in the area of remuneration under MiFID II.
European Union
MSEL (and MSEL's branches in Germany and Spain), the Italian branch of Marex Financial
(pursuant to the terms of Marex Financial's Italian license to provide services in Italy on a cross-border
basis) and the Portuguese and Italian branches of Marex SA are authorized and regulated by the CBI, the
FCA and the AMF/ACPR, respectively, making them subject to the regulation and rules of Ireland, the
United Kingdom and France, respectively. MSEL and Marex SA also passport their services into other
EEA states (as further described below), which brings them within the scope of the regulations and rules
of those jurisdictions. The relevant E.U. regulatory requirements are listed below.
MiFID II
MiFID II governs the provision of investment services in financial instruments. It applies, among
others, to investment firms, wealth managers, broker-dealers and product manufacturers which are
authorized to carry out certain investment services and activities. It also covers trading venues, market
operators, portfolio managers as well as third-country firms providing investment services in the European
Union. MiFID II sets out requirements relating to client classification, management of conflicts of interest,
best execution, governance, client order handling, suitability and appropriateness, outsourcing and
transaction disclosures and reporting.
MSEL, Marex SA, Arfinco SA, Marex AIFM and Marex Financial are investment firms.
Authorization under MiFID II in one member state enables a firm to carry on certain investment activities
in other EEA states through passporting and without the requirement to obtain separate authorizations
there. MSEL, Marex SA, Arfinco SA and Marex AIFM currently rely on passporting rights when
undertaking cross-border activity in the European Union.
Market Abuse Regulation
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E.U. MAR contains prohibitions on insider dealing, unlawful disclosure of inside information and
market manipulation, and provisions to prevent and detect these abuses. MAR requires the E.U.
Regulated Entities to monitor and identify potential market abuse and report any suspicions of market
abuse to the relevant competent authority.
Under E.U. MAR, competent authorities may (i) impose an unlimited fine on any person that
engages in market abuse, or that has encouraged or required another person to do so; (ii) publish a
statement of public censure; (iii) apply to the court for an injunction or restitution order; or (iv) impose
other administrative sanctions, such as carrying out on-site inspections and cancelling or suspending
trading in financial instruments.
The Market Abuse Directive on criminal sanctions for market abuse (Directive 2014/57/EU)
("MAD II") complements MAR and sets out minimum requirements for criminal penalties for market abuse.
MAD II has been transposed into national law in all E.U. countries except for Denmark.
The E.U. Listing Act package was published in the Official Journal on 14 November 2024 and
amongst other things makes amendments to E.U. MAR, representing the first substantive divergence
between E.U. MAR and U.K. MAR in a variety of areas including: (i) the buy-back safe harbour; (ii) minor
amendments to the definition of inside information; (iii) the format of certain insider lists for issuers
admitted to trading on SME growth markets; (iv) market soundings; (v) PDMR transactions; and (vi) the
public disclosure of inside information.  Changes summarized in (i) to (v) were effective 4 December
2024, with changes summarized in (vi) effective 5 June 2026.  Such divergence requires both us and
persons trading in our securities that are in-scope of E.U. and/or U.K. MAR to be mindful of the applicable
regime and will likely increase legal and compliance costs for monitoring and implementing for two market
abuse regimes, where formerly there was a single harmonized approach across the EU and UK.
CRD IV/CRR and IFD/IFR
The CRD IV and the Investment Firms Directive (Directive (EU) 2019/2034) and Regulation ((EU)
2019/2033) ("IFD" and "IFR") set out the E.U. framework for the prudential regulation of investment firms.
Certain MiFID investment firms of systemic importance, particularly those with permissions relating to
underwriting or dealing as principal, are subject to the provisions of CRD IV relating to prudential and
capital standards. The prudential consolidation provisions of IFR (principally Article 7) apply to MSEL and
Marex European Holdings Limited, parent company of Marex SA, in its capacity as an E.U. parent
financial holding company (compagnie holding d'investissement mère dans l'Union).
BRRD/SRMR
The BRRD regime, as copied in the Single Resolution Mechanism Regulation ("SRMR") that
applies to jurisdictions within the E.U. Banking Union, gives regulators a wide range of powers to deal
with financial institutions which, in general, are failing or are likely to fail. These powers include pre-
insolvency stabilization powers such as "bail in," as well as the power to force the partial or full sale of an
entity subject to resolution. Where appropriate and permitted under the regime, regulators may also have
powers in relation to other entities in the same group as the relevant financial institution.
AIFMD
Unless an exemption applies, AIFMD applies to all AIFMs that (i) are E.U. based, (ii) are non-E.U.
based and have E.U. domiciled AIFs, or (iii) have non-E.U. AIFs that market their units/shares within the
European Union to European investors. AIFMD prescribes various rules on the authorization, capital
requirements and conduct of business of fund managers, and the marketing of funds.
Marex AIFM is authorized under AIFMD to manage Marex Fund S.A. SICAV-RAIF and to perform
certain other investment services permitted under AIFMD.
70
Changes to AIFMD in the EU have been adopted and came into force in April 2024; however, EU
Member States have two years after publication to transpose the rules into national law. This means the
changes will apply from April 2026.  While the Level 1 AIFMD 2 legislation has been published, the
supplementary Level 2 delegated acts, setting out the supporting detail, have not yet been published and
are expected throughout 2025. These changes could increase the compliance burdens on our AIFM and
AIFs.
Changes to the UK's version of the AIFMD regime are anticipated, with the UK's Financial
Conduct Authority expected to consult on proposed amendments to AIFMD in the UK in 2025.  This is as
a result of the so-called Edinburgh Reforms, where AIFMD in its current format in the UK will be repealed
at a future, to be determined date, and replaced with an updated UK regime.  It is not yet clear as to the
potential direction of travel of any amendments to the UK AIFMD regime other than the FCA has
previously expressed a preference to make it "more proportionate".  We expect the FCA to consult on
these changes in 2025, with any changes taking effect at a future, but as yet unknown, date.  Despite not
yet having visibility on the substance or scale of any amendment to the UK AIFMD regime, it is likely that
it will result in material divergence between the UK and EU regimes, which may increase the compliance
burden on, and associated costs to, our AIFM and AIFs, particularly where they market into the UK.
Asia
In Singapore, MSAPL engages in broking and is regulated and licensed by the MAS to carry on
certain regulated financial business, including (i) as a local IB in respect of Marex Financial's OTC
derivatives products, (ii) to arrange trades locally in respect of Marex Financial's structured notes, and (iii)
as a clearing broker (with clearing membership on the Singapore Exchange). MSAPL is subject to
Singapore law and regulation when conducting its business, including the Securities and Futures Act and
Regulations, and the Financial Advisors Act and Regulations
.
SEAPL engages in energy OTC broking. It operates in Singapore in reliance on an exemption
from the requirement to obtain a license from the MAS. Although SEAPL is not required to obtain a
license from the MAS, it remains subject to certain aspects of Singapore law and regulation while
conducting its business.
In Hong Kong, MHKL and MFS HK conduct regulated financial business and are regulated by the
SFC as IBs. MHKL and MFS HK are subject to Hong Kong law and regulation when conducting this
business, including the Securities and Futures Ordinance.
DIFC
In the DIFC, MML conducts regulated financial business and is regulated by the DFSA as an
authorized firm
. MML must adhere to various obligations, including:
•
obtaining the appropriate license from the DFSA to operate in the DIFC;
•
meeting specific requirements, including maintaining adequate capital;
•
observing the conduct of business rules, which cover disclosure requirements and prevention
of market abuse;
•
upholding robust anti-money laundering and counter-terrorist financing measures and
effective sanctions processes;
•
ensuring effective risk management and ongoing compliance with the DFSA regulations;
•
submitting regular financial reports and other necessary disclosures to the DFSA; and
•
following good corporate governance practices. Non-compliance can result in penalties and/
or the revocation of the authorized firm's license.
71
•
MML and Marex SA Dubai must also comply with applicable laws in the DIFC, including UAE
federal criminal law.
Australia
In Australia, MAPL and MF conduct regulated financial business and are regulated by ASIC as an
Australian Financial Services ("AFS") Licensee and Foreign Company (Overseas) AFS Licensee
respectively. MAPL and MF are subject to Australian law and regulation when conducting their
businesses, including a statutory obligation to provide efficient, honest and fair financial services. MAPL's
obligations as an Australian Financial Services Licensee include:
•
the competence, knowledge and skills of MAPL's responsible managers;
•
the training and competence of MAPL's financial advisers and authorized representatives;
•
ensuring MAPL's financial advisers and authorized representatives comply with the financial
services laws;
•
compliance, managing conflicts of interest and risk management;
•
the adequacy of financial, technological and human resources; and
•
base level financial and audit requirements.
Anti-money Laundering
Our U.K. and European entities are subject to statutory and regulatory requirements concerning
relationships with clients and the review and monitoring of their transactions. Regulated firms in both the
United Kingdom and in the European Union must have robust governance, effective risk procedures and
adequate internal control mechanisms to manage the exposure to financial crime risk. The measures
require the U.K. and E.U. entities to verify client identity and understand the nature and purpose of the
proposed relationship on the basis of documents, data or information obtained from a reliable and
independent source; and review and monitor their client's transactions and activities to identify anything
suspicious.
Our U.K. and E.U. entities take a risk-based approach and senior management are responsible
for addressing these risks. There is a requirement to regularly identify and assess the exposure to
financial crime risk and report to the governing body on the same. This enables the targeting of financial
crime resources on the areas of greatest risk. Procedures in the United Kingdom and European Union are
based on guidance and requirements issued both at a national and supranational level.
The FCA and the financial supervisory authorities in the European Union require our entities to
have systems and controls in place to enable them to identify, assess, monitor and manage financial
crime risk. Accordingly, we have implemented appropriate systems and controls which are proportionate
to the nature, scale and complexity of our activities. We provide relevant training to our employees in
relation to financial crime. As required, our Money Laundering Reporting Officer, supported by regional
compliance functions with financial crime responsibilities, provides regular reports to the Audit and
Compliance Committee on the operation and effectiveness of these systems and controls, including
details of our regular assessments of the adequacy of these systems and controls to ensure their
compliance with the local regulatory requirements.
We are subject to similar anti-money laundering obligations to those described above in relation
to the United States, United Kingdom and European Union for our subsidiaries that are regulated outside
of those jurisdictions. Where such obligations exist, we put in place appropriate systems, controls and
training to ensure we operate in line with requirements.
72
Data Privacy
Because we handle, collect, store, receive, transmit and otherwise process certain Personal
Information of our clients and employees, we are subject to federal, state, local and international laws
related to the processing, privacy and protection of such data, including the GLBA and the CCPA in the
United States, and in Europe, the E.U. GDPR and the U.K. GDPR. Any significant changes to applicable
Privacy Requirements or regarding the manner in which we seek to comply with applicable Privacy
Requirements, could require us to make modifications to our products, services, policies, procedures,
notices, and business practices, including potentially material changes. Such changes could potentially
have an adverse impact on our business. Please see Item 3D. "Risk Factors— Any actual or perceived
failure to comply with laws, regulations, and other requirements relating to data privacy, security, the
processing of Personal Information and cross-border data transfer restrictions could adversely affect our
business, including through increased costs, legal claims, fines or reputational damage" for further details.
Intellectual Property
Our key trademarks include MAREX and NEON. We seek to register our key trademarks in the
countries where we operate or intend to operate.
We also hold a portfolio of domain name registrations including www.marex.com,
www.marexspectron.com and www.marexsolutions.com. Our websites are supported and managed by a
third-party service provider and hosted on our server.
We have proprietary rights in certain data analytics and technology systems. These include our
Neon trading and risk platform and AGILE, the commodity solutions platforms used by Marex Solutions
and Marex Financial. We also license technology and software from third parties to manage and operate
aspects of our business and use open-source software where we believe it is appropriate. Although we
believe these licenses are sufficient for the operation of our business, these licenses are typically limited
to specific uses and for limited time periods.
We sometimes engage third parties to develop processes, techniques, technology or other
intellectual property on our behalf. As a matter of general practice, our contracts with such third parties
provide for the assignment of the intellectual property in such developments to Marex or the grant of a
license to use such intellectual property in our business. Our employees and direct contractors who are
involved in the development of our intellectual property and technology are generally contractually
required both to transfer the intellectual property in such developments to us and to maintain the
confidentiality of our non-public proprietary information.
Sustainability
Sustainability is an important part of both our business strategy and our approach to risk
management.
In recent years, we have developed environmental offerings to support those clients as they
transition to a low carbon economy. We connect interested clients to environmental markets through
extensive coverage of clean energy, biofuels, recycled metals and carbon management, including
compliance and voluntary markets. We believe that the markets for these products will continue to grow
given the focus of many governments and businesses, including many of our clients, in adopting
decarbonization goals and increasing the focus on acting sustainably.
Since 2020, we have embarked on our sustainability journey. In 2024, we remain focused on our
approach to sustainability, which is underpinned by our People & Planet Plan. We seek to foster work
environments where talent can thrive, as well as supporting the global green transition and reducing
Marex's own carbon footprint.
73
Our People & Planet Plan sets out four key sustainability goals and the underlying measures
used to monitor our progress:
People
•
Goal 1: Create an environment that is inclusive so that we can recruit and retain the best
talent.
•
Goal 2: Play an active role in growing awareness of opportunities in our industry to broaden
the talent pool.
•
Goal 3: Become a go-to provider of environmental commodities, adapting to our clients'
growing decarbonization needs.
•
Goal 4: Become a net-zero business by 2050, by reducing our environmental impact and
carbon footprint and offsetting unavoidable emissions, we are unable to reduce using credible
and verified sources.
Our activity is underpinned by strong governance, policies and procedures to manage risks and
opportunities.
People
We have a strong culture and deeply value respect, integrity and development. Our people pillar
is comprised of two goals: ensuring we build a team of talented individuals and empowering our team to
drive our ambition for change across the business. We track our progress in this area by measuring
employee engagement using the Peakon methodology. From 2019 to 2024, these employee engagement
scores have remained stable, even through transformational acquisitions. Our staff turnover is also below
the industry average reported in the Payscale 2024 Compensation Best Practices report. In addition, we
offer a comprehensive suite of well-being services that incorporate support for physical and mental health,
including 24/7 access to counselling and emotional support.
We created a DE&I Steering Group and established a cadence of regular events to celebrate and
encourage diversity across our operations. A 12-month pilot mentoring program ran until June 2024 to
develop our pipeline of high performing women within the firm.
We actively promote awareness of our sector with the future workforce and seek to improve
perceptions of the industry by engaging with local schools. In 2024, Marex volunteers in London
supported a total of 275 students from various backgrounds through career coaching and a range of
bespoke events, including a "World of Work Day" and school talks through a charitable partnership with
Future Frontiers.
Employees also contribute to charities that are meaningful to them and Marex matches these
donations through its charity matching policy. In the years ended December 31, 2024 and 2023, Marex
donated $
376,955
and $470,419, respectively, to charities.
Planet
We have two focus areas in managing our environmental impact: playing a leading role in
environmental markets to help clients meet their sustainability goals and reducing our own environmental
footprint. We seek to be a part of the transition to a low carbon economy by using our experienced
position across the broader energy, commodities and financial markets to connect clients to voluntary and
regulated environmental markets across the globe. We do so by introducing new environmental products
and extending our geographic coverage, helping clients navigate the opportunities and risks of the
transition from both a local and global perspective. We have over 50 environmental products and services
covering our client's clean energy, renewable fuels, emissions management and recycled metals needs.
74
By working in both traditional and green industries and facilitating and innovating in these markets, we
believe we are well placed to work beyond market silos to make a difference to the sustainability of
energy, commodity and financial markets and support the green transition.
In 2024, our environmental business continued to grow with revenues of $66.1m, an increase of
42% compared to 2023. This is 4% of our revenue and represents a clear opportunity for growth in the
coming years. We saw organic growth in the fast-growing renewable fuels, renewable energy and
recycled metals markets whilst we positioned ourselves for growth as carbon markets increasingly move
towards regulated mechanisms. We also continued to invest in our environmental capabilities. On
October 1, we acquired Dropet, a Spanish biofuels company, expanding the range of our biofuels offering.
We also made an investment in Key Carbon, which sources and finances carbon credit projects, giving us
access to a wider client base and access to high integrity carbon credits. Elsewhere in the carbon
markets, our office in New Zealand, which opened in July, brought new customers and greater access to
the country's compliance market.
We are focused on helping our clients and global economies achieve their decarbonization
objectives. For instance, we are involved in developing Power Purchase Agreements, Renewable Energy
Certificates and European Carbon Allowances. As a technology-enabled business, we aim to find ways to
integrate technology to help accelerate the lower carbon transition.
As well as providing connectivity to clients in the carbon markets, we are active in carbon offset
origination through our partnerships with strong organisations, including Key Carbon since 2024. Key
Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and
operational support so that its projects are held to high quality and integrity standards. The funding from
Marex is planned to predominantly be used to help finance the production and distribution of low-
emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key
Carbon's joint venture with BURN Manufacturing. We also continue to partner with the Global Mangrove
Trust, OxCarbon (a not-for-profit spinout from the University of Oxford), Kumi Analytics and other key
stakeholders to continue to develop scalable, verifiable and high-integrity carbon offset methodologies
using satellite technology, while preserving and restoring mangrove forests in Southeast Asia, which have
a number of highly beneficial environmental and social impacts.
We recognize the importance of an industry-wide shift, including by contributing to the dialogue
with trade organizations. Marex is a founding sponsor of the Oxford Program on the Sustainable Future of
Capital Intensive Industries, which is a multi-year research program at the Smith School of Enterprise and
the Environment at the University of Oxford. The program focuses on the ways that capital-intensive
industries, such as mining, oil and gas, infrastructure and construction, can better support current global
environmental challenges, including the role of commodity derivatives markets and technology in
advancing social objectives.
As we support our clients in the green transition, we recognise our responsibility to address our
own environmental footprint. Over 2024, we took significant steps to build the capabilities, data and
processes that will allow us to transition to a net-zero business by 2050 or sooner. After introducing a
sustainability platform in 2023 to automate the collection, storage and reporting of emissions data, 2024
saw us further strengthening our data collection and establishing quarterly internal reporting processes.
Marex remains focused on improving energy efficiency across the Group and aims to become
net-zero by 2050 or earlier. As part of the transition plan, our future objective is to drive down GHG
emissions as much as possible and offset residual emissions using carbon offsets. However, in the near
term, we aim to offset our Scope 1 and 2 emissions
so that these offsets are credible and verifiable. They
are purchased from the 001–OxC – The Global Mangrove Trust restoration and conservation project in
North Sumatra.
Marex has helped establish this project and working in partnership with the Global
Mangrove Trust, OxCarbon and Kumi Analytics to develop a credible, verifiable carbon sequestration
methodology using remote, satellite-based verification (the "OxCarbon Standard"). We used carbon
credits from this project to offset Marex's Scope 1 and 2 emissions since 2022 and will continue to do so
75
in 2025. The Global Mangrove Trust project provides Marex, our clients and the wider market with an
inventory of high-quality carbon offsets, verified and issued under the OxCarbon Standard.
During 2024, the Group has enhanced its process and undertaken various sustainability initiatives
regarding Scope 1 and 2 methodology and reporting. We continue to implement the recommendations
from our UK Energy Savings Opportunities Scheme (ESOS) report, for example by rolling out LED
lighting across all offices. The majority of our office estate is leased and when we sign a lease on a new
building, or renew an existing lease, we put sustainability at the forefront of our considerations. As a
result, we have contracted to have 100% renewable electricity use at our Bishopsgate HQ in the City of
London, and our Asia Square office in Singapore has a US Green Building Council LEED Platinum
certification and currently the largest photovoltaic installation (224 KWH peak) in the City's Central
Business District.
As an acquisitive business, the Group's property footprint is closely monitored to drive
efficiencies. Sustainability is a key factor whilst securing these efficiencies, buildings are consolidated and
transitioned to more modern and environmentally efficient buildings insofar. During 2024, we took steps to
consolidate our Chicago and Hong Kong offices.
Our Scope 3 emissions strategy continues to develop and we do not currently report Scope 3
emissions externally. During 2024, the Group took steps to further develop our Scope 3 strategy and we
have been onboarding data in specific categories. Our focus for 2025 will build on the work conducted in
2024, both to continue to onboard data and to identify which of the 15 categories of Scope 3 emissions
under the Greenhouse Gas Protocol are either
significant, materia
l or relevant to our business and
consider how to report against them. We then aim to build a baseline of our most significant upstream and
downstream emissions categories.
We remain focused on reaching net zero by 2050 or sooner, and we have invested in
sustainability data management tools, team resources and training to allow us to create a detailed
transition plan in the years ahead.
C.
Organizational
Structure
The legal name of our company is Marex Group plc (the 'Company') which is incorporated in
England and Wales under the UK Companies Act. The Company is the parent company of a number of
subsidiaries held directly and indirectly which operate and are incorporated around the world. All of the
Company's subsidiaries are all, directly or indirectly, owned by the Company. See the Subsidiaries of the
Company included as Exhibit 8.1 to this Annual Report for a list of significant subsidiaries.
D.
Property,
Plant
and Equipment
We lease our principal properties, which are used as office space. Our global headquarters are in London,
United Kingdom and consist of approximately 75,000 square feet of space leased through 2035. We also
lease some additional shorter term swing space in the building.
Our material leases globally are listed in the table below. This includes all locations where we
occupy 20,000 sq ft or more in aggregate:
Property Name
Sq Ft
City
Occupancy Type
Lease end Date
155 Bishopsgate, London EC2M 3TQ, level 2
10,050
London
Leased
August 11, 2028
155 Bishopsgate, London EC2M 3TQ, level 3
20,857
London
Leased
October 30, 2035
155 Bishopsgate, London EC2M 3TQ, level 4
16,813
London
Leased
October 30, 2035
155 Bishopsgate, London EC2M 3TQ, level 5
37,355
London
Leased
October 30, 2035
155 Bishopsgate, London EC2M 3TQ, level 8
19,084
London
Leased
August 1, 2025
42 Rue Washington and 29 Rue de Berri, Floors 1 & 5, 1st & 4th
Basement
21,273
Paris
Leased
January 10, 2033
76
222 W. Adams St, Suite 450, Chicago, Illinois 60606
21,580
Chicago
Leased
December 31, 2029
140 E 45th St 10th & 11th Floor, 2 Grand Central Tower, New York
10017
25,058
New York
Leased
July 31, 2030
EMEA
Our principal EMEA region offices are located in London and Paris as shown in the table above.
Americas
Our principal Americas offices are located in New-York and Chicago as shown in the table above.
APAC
Our principal APAC offices are located in Hong Kong, Singapore and Sydney and consist of an
aggregate of approximately 23,000 square feet of leased office space. In 2024, we successfully
consolidated our 4 historical Hong Kong offices into one to increase operational efficiency.
Other Locations
We also lease other space across the EMEA, Americas and APAC regions consisting of
approximately 95,000 square feet across 37 properties.
These facilities accommodate our principal executive offices. We proactively re-evaluate our
office needs and we believe that our facilities are adequate to meet our needs for the immediate future,
and that, should it be needed, suitable additional space will be available to accommodate any expansion
of our operations.
For a breakdown of total revenues by category of activity and geographic market for each of the
last three financial years, see Note 5 to our consolidated financial statements included elsewhere in this
Annual Report.
Item 4A.
Unresolved Staff Comments
None.
77
Item 5.
Operating and Financial Review and Prospects
You should read the following discussion of our operating and financial review and
prospects in conjunction with our consolidated financial statements and the related notes included
elsewhere in this Annual Report.
This discussion contains forward-looking statements and involves numerous risks and
uncertainties, including, but not limited to, those described in the "Risk Factors" section of this
Annual Report. See "Cautionary Statement Regarding Forward-Looking Statements." Our actual
results could differ materially from those contained in any forward-looking statements.
The information relating to a discussion of the year ended December 31, 2022 compared to
the year ended December 31, 2023, as set forth under the heading "Management's discussion and
analysis of financial condition and results of operations"  as described in our final prospectus filed
with the SEC on October 31, 2024, pursuant to Rule 424(b)(4), is incorporated by reference.
Overview
Marex is a diversified global financial services platform providing essential liquidity, market
access and infrastructure services to clients across energy, commodities and financial markets. We
provide critical services to our clients by connecting them to global exchanges and providing a
range of execution and hedging services across a range of our asset and product classes. We
operate in a large and fragmented market with significant infrastructure requirements and regulatory
and technological complexity, resulting in high barriers to entry. Moreover, our market is
characterized by reduced competitive intensity as we believe many large banks and other financial
institutions have reduced their participation in this part of the financial ecosystem. We consider
these trends to elevate our value proposition and support our growth, as the scale and diversity of
our business enable us to effectively service an underserved and growing global client base.
Our business is organized into four closely connected services, which combine to provide
our clients with access to the full value chain in our industry from clearing to execution. Clearing is
at the heart of our business, providing the infrastructure that connects clients to global exchanges.
We also offer clients access to deep liquidity pools both on an agency and principal basis across a
range of different commodities and financial markets, including metals, agriculture, energy, equities
and fixed income. If there is no on-exchange solution that meets a client's needs, we can create
bespoke, off-exchange hedging solutions. Our services are characterized by a deep understanding
of products, markets and clients' needs. Our five segments, which consist of our four reporting
business segments—Clearing, Agency and Execution, Market Making and Hedging and Investment
Solutions—and our Corporate reporting segment, are:
•
Clearing:
Clearing is the interface between exchanges and clients. We provide the
connectivity that allows our clients access to exchanges and central clearing houses.
As clearing members, we act as principal on behalf of our clients and generate revenue
on a commission per trade basis. We provide clearing services across energy,
commodities and financial securities markets in Europe and the Americas and have
growing capabilities in APAC.
•
Agency and Execution:
Utilizing our deep market knowledge, we are able to match
buyers and sellers by facilitating price discovery across a broad range of commodities
and financial markets. Our Agency and Execution business primarily generates
revenue on a commission per trade basis without material credit or market risk
exposure. In addition to listed products that trade directly on exchanges, many of our
markets are traded on an OTC basis.
78
•
Market Making:
We act as principal to provide direct market pricing to professional and
wholesale counterparties in a variety of commodity and securities markets. Our Market
Making business primarily generates revenue through charging a spread between
buying and selling prices, without taking significant proprietary risk. Our Market Making
operations are well diversified across geographies and asset classes.
•
Hedging and Investment Solutions:
We offer bespoke hedging and investment
solutions for our clients and generate revenue through a return built into our product
pricing. Tailored hedging solutions allow producers and consumers of commodities to
hedge their exposure to movements in market prices, as well as exchange rates,
across a variety of different time horizons.
•
Corporate:
Our Corporate segment provides key services to our other business
segments. Corporate (i) houses our control and support functions: finance, treasury, IT,
risk, compliance, legal, human resources and executive management to support the
operating segments; (ii) manages our resources, makes investment decisions and
provides operational support to our other business segments and manages our funding
requirements; and (iii) includes interest income that we receive from interest on our
house cash balances. The adjusted profit before tax from our Corporate segment
includes expenses related to costs of the functions that are not recovered by our other
operating segments and corporate costs.
Recent Developments
(
a) Interim dividend
The Group approved the payment of a dividend of $0.14 per share to be paid on March 31,
2025, to the shareholders on record at the close of business on March 17, 2025.
(b) Acquisition of Aarna Capital Limited
On October 2, 2024, the Group announced the acquisition of Aarna Capital Limited to
strengthen the Clearing business and expand operations in the Middle East. This strategic
investment is expected to enhance the regional client footprint and service capabilities. Regulatory
approvals are progressing with final due diligence, with completion expected in Q2 2025.
(c) Acquisition of Hamilton Court Group
On October 9, 2024, the Group announced that it had agreed terms to acquire Hamilton
Court Group to expand the Group's foreign exchange services. The acquisition is consistent with
the strategy to bring in new clients and new capabilities onto its platform. The acquisition is
progressing, with regulatory approvals and due diligence being completed and is expected to
complete in Q2 2025.
Key Factors Affecting
Our
Performance and the Comparability of Our Financial Results
Volatility in Commodity Prices and General Economic Activity Levels
We generate revenue primarily from commissions and the spreads we make facilitating and
executing client orders as part of our Clearing, Agency and Execution, Market Making and Hedging
and Investment Solutions businesses. These revenue sources depend substantially on client
trading volumes and commodity pricing levels, which are affected by a wide range of factors, many
of which are beyond our control. These factors include volatility and pricing levels in commodities,
currency, securities and other markets and inflation rates and general economic conditions and
developments.
79
High volatility and rising commodity prices generally increase trading activity, whereas low
volatility and declining commodity pricing levels generally reduce trading activity and our
commission revenue. Reductions in economic activity and growth levels, particularly in emerging
markets, also reduce trading activity.
Geopolitical developments, including, but not limited to, the imposition of sanctions, tariffs
or embargoes against a specific country or parties, civil unrest, terrorist activity, domestic military
intervention or revolution and international armed conflicts, impact the production, availability and
cost of certain commodities from time to time and can cause substantial volatility in related
commodity prices. For example, in 2022, the energy, grain and metals markets experienced
significant volatility due to Russia's invasion of Ukraine. Energy markets in particular were affected
by the extensive sanctions that the United States, the European Union, the United Kingdom and
others imposed on Russia and certain Russian government officials, private individuals and
Russian companies. In 2021, Russia accounted for 45% of all coal imports by value and 25% of all
petroleum oil imports by value into the European Union, as compared to 21% and 17%,
respectively, for 2022. Following the introduction of sanctions on Russian oil and coal exports, the
price of oil, gas and coal increased. Given Ukraine is a large producer of grain for global markets,
the disruption of trade flows caused by the Russian invasion also significantly impacted activity in
the agricultural markets.
Russia's invasion of Ukraine also disrupted metal production, including nickel, palladium
and raw aluminum, leading to price increases across all three commodities. Nickel market prices
doubled to more than $100,000 per ton on March 8, 2022, which led the LME to temporarily
suspend trading in nickel. This significant increase in volatility resulted in increased client activity
and higher revenue in our Market Making and Clearing businesses, particularly in the first half of
2022.
A reduction in the production or availability, or increase in the cost, of relevant commodities
(or a market perception that changes with respect to these factors has or may become likely)
generally results in increased volatility. In the short term, higher volatility generally leads to an
increase in commodities trading volumes and commissions for our business. However, if
geopolitical developments impact production or the availability of a relevant commodity for an
extended period, trading volumes may be reduced. Lower volumes of associated economic activity
could also adversely impact our financial performance. The impact of any significant increase in
volatility or disruption in commodity markets is seen most notably in our Market Making business.
For example, trading volumes in our Market Making business increased approximately 30% year-
on-year in 2022, with higher levels of client activity in both energy and metals markets caused by
Russia's invasion of Ukraine and the nickel market as described above, which more than offset
lower trading volumes in the agricultural markets due to supply disruptions.
There are generally fewer providers of liquidity during periods of volatility, which leads to
wider bid-offer spreads and increased commodity hedging. These conditions present us with an
opportunity to increase our trading volumes and revenue in our Market Making business. In
Clearing, increased client trading volumes generally translate to higher commission revenue.
Expansion and
Consolidation
through Acquisitions and Investments in New Capabilities
We have expanded our business substantially through acquisitions and investments in new
capabilities. As a result, we have extended both our product coverage and geographic footprint and
substantially increased the scale and scope of our business.
Industry Competition and Employee Compensation
80
The success of our business depends upon our ability to offer competitive products and
services, which is underpinned by having a strong employee base, including front-office staff, who
help to provide our competitive products and services to our growing client base.
Interest Income
As part of our Clearing and Hedging and Investment Solutions businesses, we maintain large cash
and financial instrument (including Treasury Bills) balances on behalf of clients with exchanges,
Clearing Houses, brokers and banks. We also maintain our own cash balances. We earn interest
on these balances and
do not pay interest on all client balances
. Accordingly, we are generally able
to retain a significant portion of the interest we earn on such balances. Because of the size of our
cash and holdings of investable securities, movements in interest rates can have a significant
impact on our results of operations and financial condition.
Interest rates may change for a variety of reasons, including external factors outside of our
control, such as government macroeconomic policies and responses to levels of inflation. If interest
rates fall in future periods, our NII will likely decrease. Although we share interest income with
certain clients, we generally retain a significant portion of the interest we earn.
As a result, lower
interest rates would negatively impact our NII.
Climate Change
We provide liquidity to and match counterparties across key energy markets, including
crude oil, residual fuel oil, middle distillates, naphtha and gasoline, as part of our Agency and
Execution and Market Making businesses. Changes in laws, regulations, policies, social attitudes,
client preferences, market dynamics and technological developments and innovations relating to
climate change and the transition to a lower carbon economy have decreased the demand, and
therefore size, of the markets for certain energy products where we have historically had significant
market shares (such as fuel oil). However, such changes have also created opportunities for us to
expand into and capture market share in new energy products (such as renewables). The
development and creation of new energy products are less predictable (such as wind power), which
may lead to increased levels of volatility.
We have a significant presence in the global agricultural markets, with established teams in
London, New York and Chicago that broker and trade agricultural products, including coffee, cotton,
cocoa, dairy, forestry, grains and oil seeds, livestock and sugar. As a result, the physical impacts of
climate change and climate change-driven severe weather events have had, and are expected to
continue to have, a direct impact on trading volumes in certain products. For example, activity
levels in the cocoa, coffee, sugar and grain commodity markets have been impacted by severe
weather exacerbated by climate change. In particular, drought has impacted the volume of grain
production in Ukraine in recent years, which in turn has reduced volumes of grain in the market.
Reduced volumes in Ukrainian grains and other impacted commodities have led to an increase in
hedging activity by market participants and increased our revenue.
Exchange Rates
We report our financial results in U.S. dollars. However, a significant proportion, particularly
prior to our acquisition of ED&F Man Capital Markets, of our costs were and are incurred, and a
proportion of our trading activity is conducted, in currencies other than the U.S. dollar. Our results of
operations and financial condition may therefore be significantly affected by movements in the
exchange rates between the U.S. dollar and other currencies, particularly the Pound Sterling and
Euro.
As we have extensive operations in the United Kingdom, including significant back-office
and other support staff and lease obligations for office space, any appreciation in the Pound
Sterling against the U.S. dollar would increase our reported expense levels. As our levels of
81
commissions earned are tied to the volume and pricing levels of commodities traded, any
appreciation in the Euro against the U.S. dollar would lead to an increase in the level of our
reported commissions from trading activity in commodities priced in Euro.
To minimize our exposure to exchange rate volatility, we use foreign exchange forward
contracts to hedge our material future dated Pound Sterling commitments. These foreign exchange
forward contracts are designated as cash flow hedges and have terms that do not exceed 12
months.
Regulation
We operate in highly regulated jurisdictions and industries. Applicable regulations influence
the type of products we may offer clients, and, therefore, these regulations have a significant effect
on our revenue and profitability. Our business is subject to direct and indirect regulation by a variety
of regulators in multiple jurisdictions, including the FCA in the United Kingdom, the CFTC, NFA,
SEC and FINRA in the United States and the AMF and the ACPR in France. See Item 4B.
"Business Overview—Regulation." We are required to meet capital adequacy tests in certain
jurisdictions to ensure that we have sufficient capital to mitigate risks from market movements and
client and counterparty default.
In recent years, and most recently due to the COVID-19 pandemic and Brexit, regulators
have developed new regulations and other reforms designed to strengthen the financial system and
improve the operation of global financial markets. These regulations have impacted the way we
conduct our business. For example, under the IFPR, a prudential regime for U.K.-authorized
investment firms, we are subject to consolidated prudential supervision by the FCA.
To ensure regulatory compliance, we have invested, and expect to continue to invest, in our
compliance and legal functions. We are also subject to routine and ad hoc internal and external
regulatory inquiries and investigations. Additional regulation, inquiries or changes in rules
promulgated by the authorities and regulators that oversee our business may also increase our
compliance costs.
Applicable regulations also influence the behavior of our clients. In recent years, regulators
have generally tightened the capital, leverage and liquidity requirements of commercial and
investment banks and taken steps to limit or separate their activities to reduce systemic and
contagion risk. The volumes of transactions our clients conduct with commercial and investment
banks may be affected by their reactions to any such regulatory changes.
Components
of Results of Operations
The following describes certain line items in our consolidated income statement.
Revenue
Our revenue consists of:
Net Commission Income
Sales and brokerage commissions are generated by internal brokers and introducing
broker dealers when the customers trade exchange traded derivatives, over- the-counter ("OTC")
traded derivatives, fixed income securities and equity securities.
We are responsible for executing and clearing the customers' purchases and sales. As
such, we act as principal, and our commission revenue is recognized on a gross basis.
82
Commissions on exchange traded derivatives and OTC traded derivatives are recognized
at a point in time on the trade date when a client order is cleared or executed (i.e. when the
performance obligation is satisfied). Commissions on traded securities are sale-based commissions
that are recognized at a point in time on the trade date. Sales based commissions are typically a
fixed fee per security transaction and in certain instances, are based on a percentage of the
transaction value.
Commission charged to customers on clearing transactions recoup clearing fees and other
fee expenses incurred. Clearing fees earned represent the recharge of transaction-based fees
charged by the various exchanges and clearing organizations at which we or one of our clearing
brokers are a member for the purpose of executing and/or clearing trades through them. Clearing
fees incurred are generally passed through to clients' accounts and are reported gross as we
maintain control over the clearing and execution services provided, maintain relationships with the
exchanges or clearing brokers and have ultimate discretion in whether the fees are passed through
to the clients and the rates at which they are passed through. As clearing fees charged are
transactional based, they are recognized at a point in time on the trade date along with the related
commission income when the client order is cleared or executed.
In connection with the execution and clearing of trades, we are required to pay fees to the
executing brokers, exchanges, clearing organizations and banks. These fees are based on
transaction volumes and recognized as commission and fee expense on the trade date. We also
pay commissions to third-party introducing brokers (individuals or organizations) that maintain
relationships with clients and introduce them to us. Introducing brokers accept orders from clients
while we provide the accounts, transaction, margining and reporting services, including money and
securities from clients. Introducing broker commissions are determined monthly and presented in
commission and fee expense in the income statement and settled quarterly. Commission and fee
expenses are generally passed through to clients' accounts. No other costs related to the
generation of commission income are included within commission and fee expense.
Net Trading Income
Net trading income includes realized and unrealized gains and losses derived from
transactions in OTC derivatives, exchange traded derivatives, equity instruments, stock borrowing
and stock lending, reverse repurchase agreements, fixed income securities and foreign exchange.
These transactions are the result of trading activity, being managed at fair value. As such the
resulting net trading income includes the gains and losses on transactions executed with clients
and other counterparties, and where we enter into these transactions on its own account.
Net trading income also includes fair value movements on the following financial liabilities
designated at fair value through profit or loss:
–
Structured notes, are hybrid debt securities issued. Fair value movements, excluding those
related to own credit risk and interest expense, are recorded in net trading income;
–
Repurchase agreements and stock loans, held as part of our trading book, are managed at fair
value. The fair value movements, including the realised gain or loss on settlement, and the
interest derived from the activity is recorded within net trading income.
In certain transactions, the transaction price of the financial instrument differs from the fair
value calculated using valuation models. This difference is called day 1 profit or loss and is
recognized immediately in the income statement in net trading income only when:
•
the fair value determined using valuation models, is based only on observable inputs or
83
•
the fair value determined using valuation models is based on both observable and
unobservable inputs, but the impact of the unobservable inputs in the fair value is
insignificant.
In all other cases, the financial instrument is initially recognized at the transaction price, and
the recognition of day 1 profit or loss is deferred and amortized through the term of the deal or to
the date when unobservable inputs /become observable (if sooner) unless specific factors relevant
to the trade require a specific recognition pattern.
Net Interest Income
Interest income includes the interest earned on the cash and financial instruments balances
held on behalf of our clients as well as on our own cash balances and  the interest earned from
investments in reverse repurchase agreements and US Treasuries which are undertaken on our
behalf instead of the facilitation of our market making and opportunistic trading activities. Interest
income is calculated using the effective interest rate method. The effective interest rate is the rate
that exactly discounts the estimated future cash payments or receipts over the expected life of the
financial instrument to the gross carrying amount of the financial asset (before adjusting for
expected credit losses) or the amortized cost of the financial liability.
Interest expense includes interest paid to our clients on their balances and interest paid on
debt securities issued and other drawn borrowings. Interest expense is calculated using the
effective interest method.
The interest expense component of our structured notes, designated at
fair value through profit or loss, is also presented in interest expense. This approach aligns with the
way that we manage the issued debt securities, as we consider the structured notes to be a source
of liquidity and funding and therefore the interest flows are crucial to understanding our interest rate
sensitivity.
Net Physical Commodities Income
We enter into contracts to purchase physical commodities for the purpose of selling in the
near future (90 days on average) to generate a profit from the fluctuations in prices. In accordance
with IFRS 9, these contracts are recognized and measured at fair value, with the resulting fair value
gains and losses  included in net physical commodities income. Contracts to purchase and sell
physical commodities are provisionally priced at the date that an initial invoice is issued.
Provisionally priced contracts are contracts where the price of the contract is subject to adjustments
resulting from these contracts being priced against a future quoted price after settlement of the
underlying commodity. Provisionally priced payables and receivables are measured initially and
subsequently at their fair value through profit and loss until settlement and are presented within
trade payables in the trade and other payables and trade debtors in the trade and other receivables
line item in the statement of financial position.
Expenses
Compensation and benefits
Compensation and benefits are mainly comprised of wages and salaries including related
employer national insurance contributions and similar taxes, share-based compensation expense
(refer to note 35 to the financial statements for further detail), as well as short-term employee
benefits and retirement benefits. For short-term employee benefits, a liability is recognized for the
amount expected to be paid if we have a present legal or constructive obligation to pay this amount
as a result of past service provided by the employee, and the obligation can be estimated reliably.
For retirement benefits, we operate defined contribution schemes. Payments to such defined
contribution retirement benefit schemes are recognized as an expense when employees have
84
rendered services entitling them to contributions. We expect to incur compensation and benefits
costs with respect to new awards granted to our employees.
Depreciation and Amortization
Depreciation of property, plant and equipment begins when such assets are available for
use (i.e., when they are in the location and condition necessary to be capable of operating in the
manner intended by management). Depreciation is calculated on a straight-line basis over an
asset's estimated useful life.
Software relates to both hosted and internally developed software solutions, both of which
have a finite useful economic life of between two and five years. Software is amortized in the
income statement on a straight-line basis over the period we expect to benefit from using the
software.
Other Expenses
Other expenses mainly relate to expenses for professional fees, non-trading technology
and support, trading systems and market data, occupancy and equipment rental, travel and
business development and communications. We also anticipate that we will incur additional costs,
including related to legal, accounting, insurance and investor relations in connection with our
operations as a public company.
Impairment of Goodwill
Goodwill has an indefinite useful economic life and is measured at cost less any
accumulated impairment losses. It is tested for impairment annually and whenever there is an
indicator of impairment. Where the carrying value exceeds the higher of the value in use or fair
value less cost to sell, an impairment loss is recognized in the income statement.
Provision for credit losses
We recognize a loss allowance for expected credit losses ("ECLs") on investments in debt
instruments that are measured at amortized cost or at fair value through other comprehensive
income. No impairment loss is recognized for investments in equity instruments. The amount of
ECLs is updated at each reporting date to reflect changes in credit risk since initial recognition of
the respective financial instrument. We always recognize lifetime ECLs for trade receivables. ECLs
are a probability-weighted estimate of credit losses based on both quantitative and qualitative
information and analysis, based on our historical experience and informed credit assessment and
forward-looking expectation.
Bargain Purchase Gain on Acquisitions
A bargain purchase results when a business is acquired for less than the fair market value
of its net assets, such as if the acquisition date amounts of the identifiable assets, liabilities and
contingent liabilities acquired exceed the sum of the fair value of consideration transferred. A
bargain gain is recognized in the income statement.
Other Income
Other income relates mainly to a research and development tax expenditure credit.
Share of Results in Associates and Joint Ventures
Our investment in our associates is accounted for using the equity method. Under the
equity method, the investment in an associate or a joint venture is initially recognized at cost. The
85
carrying amount of the investment is adjusted to recognize changes in our share of net assets of
the associate or joint venture since the acquisition date. The income statement reflects our share of
the results of operations of the associate.
Tax
Tax expense represents the sum of the tax currently payable and deferred tax. A mix of
geographical revenue and costs in any given period drives our effective tax rate. As our business
decisions are not driven by a targeted tax rate, but rather by operating activities, this will introduce
variability in our effective tax rate year over year, which impacts our net results.
A.
Operating
Results
For the years ended December 31, 2024 and 2023
The following table sets forth the results of operations for the years ended December 31,
2024 and 2023.
Year Ended
December 31,
2024
2023
(m)
$
$
Consolidated income statement
Commission and fee income
...............................................................................................
1,618.1
1,342.4
Commission and fee expense
.............................................................................................
(762.0)
(637.5)
Net commission income
...................................................................................................
856.1
704.9
Net trading income
.............................................................................................................
492.4
411.4
Interest income
......................................................................................................................
765.2
591.8
Interest expense
....................................................................................................................
(538.1)
(470.2)
Net interest income
............................................................................................................
227.1
121.6
Net physical commodities income
.................................................................................
19.1
6.7
Revenue
............................................................................................................................
1,594.7
1,244.6
Expenses:
Compensation and benefits
............................................................................................
(971.1)
(770.3)
Depreciation and amortisation
.......................................................................................
(29.5)
(27.1)
Other expenses
................................................................................................................
(306.3)
(237.4)
Impairment of goodwill
.....................................................................................................
—
(10.7)
Provision for credit losses
...............................................................................................
1.7
(7.1)
Bargain purchase gain on acquisitions
..............................................................................
—
0.3
Other income
.........................................................................................................................
6.3
3.4
Share of results in associates and joint ventures
............................................................
—
0.8
Profit before tax
...................................................................................................................
295.8
196.5
Tax
......................................................................................................................................
(77.8)
(55.2)
Profit after tax
......................................................................................................................
218.0
141.3
Revenue
86
Revenue grew by
28%
to $
1,594.7
m (2023: $
1,244.6
m) driven by robust client activity,
market share gains and supportive market conditions, as well as the benefits of our prior
acquisitions.
Net
Commission
Income
Revenue growth was driven by net commission income which increased by
21%
to
$
856.1
m (2023: $
704.9
m). The increase occurred mainly in Agency and Execution, which
increased by 26% to $
597.1
m (2023: $
473.4
m) reflecting $64.8m growth from increased customer
activity in Energy, $37.9m from our Prime Services business, which we acquired from TD Cowen
and $23.2m growth contributed from a strong performance in Credit. Net commission income also
notably increased in our Clearing segment which increased by 11%, reflecting favourable market
conditions in Metals in the second quarter resulting from revised guidance on Russian metals on
the LME, as well as a 30% increase in contracts cleared to
1,116
m (2023:
856
m).
Net Trading Income
Net trading income rose by
20%
to $
492.4
m (2023: $
411.4
m). This was driven by our
Hedging and Investment Solutions business, which increased by 27% to $
210.3
m (2023: $
165.7
m)
as demand grew for commodity hedging and financial products.
Net trading income was also significantly higher within our Market Making segment which
increased 18% to $
215.6
m (2023: $
182.8
m). This increase was driven primarily from Metals, which
increased by $17.8m, reflecting exceptional market conditions and market sentiment in the second
quarter across Copper, Aluminium and Nickel, following revised guidance on Russian metals from
the LME, as well as increased trading income from agriculture and securities which increased by
$8.1m and $8.1m respectively.
Net Interest Income
Net interest income increased by 87% to $
227.1
m (2023: $
121.6
m). This growth was driven
by higher average balances, which increased to
$13.5bn
(2023:
$12.9bn
) and higher investment
returns, driven by an increase in the average Fed Funds rate to
5.2%
(2023:
5.0%
), as well as
$26.9m growth from our Prime Services business, which we acquired from TD Cowen.
Net Physical Commodities Income
Net physical commodities income increased by
185%
to $
19.1
m (2023: $
6.7
m). This
increase was primarily due to an increase in sales volumes from physical recycled metal, largely
driven by growth in demand for recycled metals.
Expenses
Compensation and benefits
Compensation and benefits expense increased by 26% to $
971.1
m for the year ended
December 31, 2024 (2023: $
770.3
m) primarily due to a higher number of average FTEs, which
increased to
2,334
(2023:
1,914
) reflecting a
22%
increase in average front office FTEs and a
22%
increase in control and support FTEs as we continue to invest in our control and support functions.
Depreciation and amortization
Depreciation and amortisation expense increased by
9%
to $
29.5
m for the year ended
December 31, 2024 (2023:
$27.1m
). The increase was primarily due to the depreciation and
amortisation of assets acquired during 2024, which were mainly right of use assets and property,
plant and equipment acquired as a result of business combinations.
87
Other expenses
Other expenses increased by
29%
to
$306.3m
for the year ended December 31, 2024 (2023:
$237.4m
). This increase was primarily driven by increased professional fees, $26.1m, primarily
driven by activities relating to the preparation of our IPO and the standards of a listed environment,
and increased technology costs, $27.6m, driven by platform enhancements and business growth as
well as the integration of recent acquisitions.
Tax
Tax expense increased by
41%
to $
77.8
m (2023: $
55.2
m) driven primarily by an increase
in profit before tax to
$295.8m
(2023:
$196.5m
). The Group's effective tax rate decreased
200 basis
points
to
26%
(2023:
28%
).
Segment Revenue and Adjusted Profit Before Tax
Our revenue and Adjusted Profit Before Tax by operating segment is summarized below.
Years Ended December 31, 2024 and 2023
Years Ended
December 31,
2024
2023
(m)
Revenue
$
$
Clearing
...........................................................................................................................
466.3
373.6
Agency and Execution
..................................................................................................
695.2
541.5
Market Making
................................................................................................................
207.8
153.9
Hedging and Investment Solutions
.............................................................................
161.5
128.1
Corporate
........................................................................................................................
63.9
47.5
Total Revenue
......................................................................................................................
1,594.7
1,244.6
Adjusted Profit Before Tax
...............................................................................................
Clearing
...........................................................................................................................
247.3
185.0
Agency and Execution
..................................................................................................
107.9
71.9
Market Making
................................................................................................................
65.6
33.3
Hedging and Investment Solutions
.............................................................................
42.0
33.8
Corporate
........................................................................................................................
(141.7)
(94.0)
Total Adjusted Profit Before Tax
....................................................................................
321.1
230.0
Clearing
Our Clearing business performed well in 2024, benefiting from higher levels of client activity
on our platform as we continued to gain market share, with the total number of contracts cleared up
30%
to
1,116.0
m in 2024
(2023:
856.0
m).
This increase reflects a combination of factors, including
an increase in the number of higher volume clients as well as a larger mix of clients transacting in
financial securities.
Revenue increased
25%
to $
466.3
m (2023: $
373.6
m), driven by net interest income which rose by
45%
to $
198.1
m (2023: $
136.2
m) as a result of both higher investment returns, driven by an
increase in the average Fed Funds rate to
5.2%
(2023:
5.0%
), and hi
gher average balance
s. Net
88
commission income also grew by
11%
to $
263.0
m (2023: $
236.2
m). Average balances increased
5%
to
$13.5bn
in 2024 (2023:
$12.9bn
). This growth was driven by a record number of new
Clearing clients combined with a high retention of existing clients.
Adjusted Profit Before Tax
increased by
34%
to $
247.3
m (2023: $
185.0
m) driven by the
increase in revenue and improved Adjusted Profit Before Tax Margin which increased by 300bps to
53%
(2023:
50%
).
Agency and Execution
Revenue increased by
28%
to $
695.2
m (2023: $
541.5
m), reflecting the benefit of recent
acquisitions, primarily the Prime Services business we acquired from TD Cowen, which increased
our capital markets capabilities in financial securities, as well as positive market conditions in the
energy markets.
Energy revenue increased
30%
to $
286.3
m (2023: $
219.8
m). This growth was a reflection
of strong levels of demand for our environmentals offering as we continue to support our clients'
transition toward a low carbon economy, investments in new desks and capabilities and continued
improvement in activity levels in European Energy markets.
Financial securities revenue increased
27% to $407.2m (2023: $319.8m),
driven by our
Prime Services business, which contributed $77.4m growth, as well as growth across Rates, FX
and Equities, which grew $15.5m, $4.8m and $2.7m respectively.
Adjusted Profit Before Tax
increased
50%
to $
107.9
m (2023: $
71.9
m) while Adjusted Profit
Before Tax Margin
increased
300 bps
to
16%
(2023:
13%
), as we continued to optimise and
integrate our acquisitions.
Market Making
Revenue increased by
35%
to $
207.8
m (2023: $
153.9
m). This was driven by Metals
trading which increased by $36.6m, benefiting from unusual market conditions across Copper,
Aluminium, Nickel in the second quarter following revised guidance on Russian metals from the
LME. While this activity normalised in the third quarter, we continued to see strong performance.
Revenue from Securities also grew to $
35.6
m (2023: $
25.5
m) primarily reflecting a stronger
performance from Equities.
Adjusted Profit Before Tax
increased by
97%
to $
65.6
m (2023: $
33.3
m), while Adjusted
Profit Before Tax Margin
increased
10 percentage points
to
32%
(2023:
22%
) reflecting strong
revenue growth.
Hedging and Investment Solutions
Revenue grew
26%
to $
161.5
m (2023: $
128.1
m) driven by increased client activity across
both businesses. Hedging Solutions increased
12%
to
69.2
m (2023: $
62.0
m) benefiting from
volatility across Cocoa and Coffee and favourable market events, while Financial Products
incr
eased by 40% to
$92.3
m (2023: $
66.1
m) benefiting from positive investor sentiment and equity
market performance. We also expanded our product coverage with custom index and FX
capabilities and our global footprint which now includes business from Australia and the Middle
East, bringing new clients onto our platform.
Adjusted Profit Before Tax
increased by
24%
to $
42.0
m (2023:
33.8
m), while Adjusted
Profit Before Tax Margin
remained at
26%
as we continued to invest in our people and platforms to
support business growth.
Corporate
89
The Corporate segment includes the Group's control and support functions. Corporate
manages the resources of the Group, makes investment decisions and provides operational
support to the business segments. Corporate net interest income is derived through earning interest
on house cash balances placed at banks and exchanges.  Revenue in
2024 was
63.9
m (2023:
$
47.5
m), driven by net interest income primarily reflecting higher
Corporate cash
balances.
Our Corporate Adjusted Profit Before Tax was a loss of $141.7m for the year ended
December 31, 2024 (2023: loss of $94.0m), an increase in the loss of 51%. This primarily reflects
the continued investment in our control and support functions to support business growth and the
standards of a listed environment.
Non-IFRS Measures and Key Performance Indicators
In addition to our results determined in accordance with IFRS Accounting Standards
(IFRS), we believe the following non-IFRS measures provide useful information both to
management and investors in measuring our financial performance for the reasons outlined below.
These measures may not be comparable to similarly titled measures presented by other
companies, and they should not be construed as an alternative to other financial measures
determined in accordance with IFRS. The Group changed the labelling of its non-IFRS measures
during 2024 to simplify the naming to better align to the equivalent IFRS reported metric for better
understanding and communication and enhance transparency and comparability.
Adjusted Profit Before Tax (formerly labelled Adjusted Operating Profit)
We define Adjusted Profit Before Tax as profit after tax adjusted for (i) tax, (ii) goodwill impairment
charges, (iii) acquisition costs, (iv) bargain purchase gains, (v) owner fees, (vi) amortisation of
acquired brands and customer lists, (vii) activities in relation to shareholders, (viii) employer tax on
the vesting of Growth Shares, (ix) IPO preparation costs, (x) fair value of the cash settlement option
on the Growth Shares and (xi) public offering of ordinary shares. Items (i) to (xi) are referred to as
"Adjusting Items." Adjusted Profit Before Tax is an important measure used by our management to
evaluate and understand our underlying operations and business trends, forecast future results and
determine future capital investment allocations. Adjusted Profit Before Tax is the measure used by
our executive board to assess the financial performance of our business in relation to our trading
performance
and hence it is our segments performance measure presented under IFRS Accounting
Standards.
Adjusted Profit Before Tax is also presented on a consolidated basis because our
management believes it is important to consider our profitability on a basis consistent with that of
our operating segments. When presented on a consolidated basis, Adjusted Profit Before Tax is a
non-IFRS measure.  The most directly comparable IFRS measure is profit after tax.
We believe Adjusted Profit Before Tax is a useful measure as it allows management to
monitor our ongoing core operations and provides useful information to investors and analysts
regarding the net results of the business. The core operations represent the primary trading
operations of the business. Our actual results can be significantly affected by events that are
unrelated to our ongoing operations due to a number of factors, including certain factors set forth
under "Risk Factors," "Cautionary Statement Regarding Forward-Looking Statements" and
elsewhere in this Annual Report. These events include, among other things, the acquisition of
ED&F Man Capital Markets and impairment of goodwill.
Adjusted Profit Before Tax Margin (formerly labelled Adjusted Operating Profit Margin)
We define Adjusted Profit Before Tax Margin as Adjusted Profit Before Tax (as defined
above) divided by revenue. We believe that Adjusted Profit Before Tax Margin is a useful measure
as it allows management to assess the profitability of our business in relation to revenue. The most
directly comparable IFRS Accounting Standards measure is profit margin, which is profit after tax
divided by revenue.
90
Adjusted Profit After Tax Attributable to Common Equity (formerly labelled Adjusted
Operating Profit after Tax Attributable to Common Equity)
We define Adjusted Profit After Tax Attributable to Common Equity as profit after tax adjusted for the
items outlined in the Adjusted Profit Before Tax paragraph above. Additionally, Adjusted Profit After
Tax Attributable to Common Equity is also adjusted for (i) tax and the tax effect of the Adjusting
Items to calculate Adjusted Profit Before Tax and (ii) profit attributable to AT1 note holders, net of
tax, which is the coupons on the AT1 issuance and accounted for as dividends adjusted for the tax
benefit of the coupons. Common equity is a non-IFRS measure and we define Common Equity as
being the equity belonging to the holders of the Group's share capital. We believe Adjusted Profit
After Tax Attributable to Common Equity is a useful measure as it allows management to assess
the profitability of the equity belonging to the holders of the Group's share capital. The most directly
comparable IFRS measure is profit after tax.
The most directly comparable IFRS measure to
Common equity is total equity.
Adjusted Return on Equity (formerly labelled Return on Adjusted Operating Profit after Tax
Attributable to Common Equity)
We define the Adjusted Return on Equity as the Adjusted Profit After Tax Attributable to
Common Equity (as defined above) divided by the average Common Equity for the period.
Common Equity is defined as being the equity belonging to the holders of the Group's share capital.
As a listed entity the Group intends to externally disclose its results on a quarterly basis,
consequently Management changed the calculation approach of annual average common equity to
be based on a five point average, rather than just the average of the opening and closing period.
Management believes a five point average is more representative of the Group's financial position
over time and therefore enhances transparency and comparability. For the year ended December
31, 2024, Common Equity is calculated as the average balance of total equity minus additional Tier
1 capital as at December 31 of the prior year, March 31, June 30, September 30 and December 31
of the current year. For the year ended December 31, 2023, Common Equity is calculated as the
average balance of total equity minus additional Tier 1 capital as at December 31 of the prior year
and December 31 of the current year.
We believe Adjusted Return on Equity is a useful measure as it allows management to
assess the return on the equity belonging to the holders of the Group's share capital.
The most directly comparable IFRS measure for Adjusted Return on Equity is Return on
Equity, which is calculated as profit after tax for the period divided by average equity. Average
equity is calculated as the average of total equity as at December 31 of the prior year, March 31,
June 30, September 30 and December 31 of the current year. For the year ended December 31,
2023, average equity is calculated as the average balance of total equity as at December 31 of the
prior year and December 31 of the current year. As per above, Management changed the
calculation approach of annual total equity to be based on a five point average, rather than just the
average of the opening and closing period.
Adjusted Basic Earnings per Share and Adjusted Diluted Earnings per Share
Adjusted Basic Earnings per Share is defined as the Adjusted Profit After Tax Attributable to
Common Equity for the period divided by weighted average number of ordinary shares for the
period. We believe Adjusted Basic Earnings per Share is a useful measure as it allows
management to assess the profitability of our business per share. The most directly comparable
IFRS metric is basic earnings per share. This metric has been designed to highlight the Adjusted
Profit After Tax Attributable to Common Equity over the available share capital of the Group.
Adjusted Diluted Earnings per Share is defined as the Adjusted Profit After Tax Attributable to
Common Equity for the period divided by the diluted weighted average shares for the period. We
believe Adjusted Diluted Earnings per Share is a useful measure as it allows management to
91
assess the profitability of our business per share on a diluted basis. Dilution is calculated in the
same way as it has been for diluted earnings per share. The most directly comparable IFRS metric
is diluted earnings per share.
Adjusted Sharpe ratio
We define the Adjusted Sharpe ratio as the ratio calculated as the average of monthly
Adjusted Profit Before Tax divided by the standard deviation of monthly Adjusted Profit Before Tax.
The Adjusted Sharpe ratio is used by management to measure our underlying earnings stability and
assess the scale of the increase in our Adjusted Profit Before Tax. The most directly comparable
IFRS ratio is the Sharpe ratio, which is calculated as the average monthly profit after tax divided by
the standard deviation of monthly
profit after tax
.
Year Ended December 31,
2024
2023
2022
($m, except percentage, earnings per share and
ratio)
Non-IFRS Measures
Adjusted Profit Before Tax
..............................................................
321.1
230.0
121.7
Adjusted Profit Before Tax Margin
................................................
20
%
18%
17%
Adjusted Profit After Tax Attributable to Common Equity
..........
231.0
162.6
92.7
Adjusted Return on Equity
.............................................................
30
%
26%
17%
Adjusted Basic Earnings per Share ($)
1
......................................
3.34
2.46
1.40
Adjusted Diluted Earnings per Share ($)
2
....................................
3.07
2.31
1.37
Adjusted Sharpe ratio
.....................................................................
5.2
4.3
4.1
1.
The weighted average numbers of shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were
69,231,625
,
66,018,514
and
66,051,966
respectively.
2.
The weighted average numbers of diluted shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were
75,279,454
,
70,323,467
and
67,570,821
respectively.
We believe that these non-IFRS measures provide useful information to both management
and investors by excluding certain items that management believes are not indicative of our
ongoing operations. Our management uses these non-IFRS measures to evaluate our business
strategies and to facilitate operating performance comparisons from period to period. We believe
that these non-IFRS measures provide useful information to investors because they improve the
comparability of our financial results between periods and provide for greater transparency of key
measures used to evaluate our performance. In addition, we believe Adjusted Profit Before Tax,
Adjusted Profit Before Tax Margin, Adjusted Profit After Tax Attributable to Common Equity,
Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per
Share and the Adjusted Sharpe ratio are measures commonly used by investors to evaluate
companies in the financial services industry. However, they are not presentations made in
accordance with IFRS, and the use of the terms Adjusted Profit Before Tax, Adjusted Profit Before
Tax Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted Return on Equity,
Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the Adjusted Sharpe
ratio may vary from others in our industry. Adjusted Profit Before Tax, Adjusted Profit Before Tax
Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted Return on Equity,
Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the Adjusted Sharpe
ratio (or similar measures) are frequently used by securities analysts, investors and other interested
parties in their evaluation of companies comparable to us, many of which present related
performance measures when reporting their results.
Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax
Attributable to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share,
92
Adjusted Diluted Earnings per Share and the Adjusted Sharpe ratio (or similar measures) are used
by different companies for differing purposes and are often calculated in different ways that reflect
the circumstances of those companies. In addition, certain judgments and estimates are inherent in
our process to calculate such non-IFRS measures. You should exercise caution in comparing
Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable
to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted
Earnings per Share and the Adjusted Sharpe ratio as reported by us to Adjusted Profit Before Tax,
Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable to Common Equity, Adjusted
Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings per Share and the
Adjusted Sharpe ratio as reported by other companies.
Adjusted Profit Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax
Attributable to Common Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share and
Adjusted Diluted Earnings per Share have limitations as analytical tools, and you should not
consider them in isolation or as substitutes for analysis of our results as reported under IFRS.
Some of these limitations are:
•
they do not reflect costs incurred in relation to the acquisitions that we have undertaken;
•
they do not reflect impairment of goodwill;
•
they do not reflect certain non-recurring expenses, such as costs associated with the
Group's IPO;
•
other companies in our industry may calculate these measures differently than we do,
limiting their usefulness as comparative measures; and
•
the adjustments made in calculating these non-IFRS measures are those that management
considers to be not representative of our core operations and, therefore, are subjective in
nature.
The Adjusted Sharpe ratio has limitations as an analytical tool and should not be
considered in isolation or as a substitute for analysis of our results or ratios measured or presented
under. Some of these limitations are:
•
the Adjusted Sharpe ratio measures the resilience in actual earnings and therefore should
not be considered as a predictive or determinative tool;
•
by definition, the standard deviation included in the calculation of the Adjusted Sharpe ratio
is sensitive to outliers, making the measure less relevant to larger, single items, such as
non-operating items; and
•
the Adjusted Sharpe ratio could be impacted by the timing of ongoing step changes. The
timing of our recent large acquisitions has limited this impact and been supportive of higher
readings.
Accordingly, prospective investors should not place undue reliance on Adjusted Profit
Before Tax, Adjusted Profit Before Tax Margin, Adjusted Profit after Tax Attributable to Common
Equity, Adjusted Return on Equity, Adjusted Basic Earnings per Share, Adjusted Diluted Earnings
per Share or the Adjusted Sharpe ratio.
The following table reconciles: (1) Adjusted Profit Before Tax and Adjusted Profit after Tax
Attributable to Common Equity from the most directly comparable IFRS Accounting Standards
measure, which is profit after tax, (2) Adjusted Profit Before Tax Margin from the most directly
comparable IFRS Accounting Standards measure, which is profit margin (which is profit after tax
divided by revenue), (3) Adjusted Basic Earnings per Share from the most directly comparable
93
IFRS measure, which is basic earnings per share, (4) Adjusted Diluted Earnings per Share from the
most directly comparable IFRS measure, which is diluted earnings per share, and (5) Adjusted
Return on Equity from the most directly comparable IFRS Accounting Standards measure, which is
return on equity (which is calculated as profit after tax for the year divided by profit after tax), in
each case, for the periods presented below.
Years Ended December 31,
2024
2023
2022
($ millions, except percentage and per share data)
Profit After Tax
218.0
141.3
98.2
Tax
77.8
55.2
23.4
Goodwill impairment charge
1
—
10.7
53.9
Bargain purchase gains
2
—
(0.3)
(71.6)
Acquisition costs
3
—
1.8
11.5
Amortisation of acquired brands and customer lists
4
5.5
2.1
1.7
Activities relating to shareholders
5
2.4
3.1
0.5
Employer tax on vesting of the growth shares
6
2.2
—
—
Owner fees
7
2.4
6.0
3.4
IPO preparation costs
8
8.6
10.1
0.7
Fair value of the cash settlement option on the growth
shares
9
2.3
—
—
Public offering of ordinary shares
10
1.9
—
—
Adjusted Profit Before Tax
321.1
230.0
121.7
Tax and the tax effect on the Adjusting Items
11
(76.8)
(54.1)
(23.9)
Profit attributable to AT1 note holders
12
(13.3)
(13.3)
(5.1)
Adjusted Profit after Tax Attributable to Common Equity
231.0
162.6
92.7
Profit Margin
14%
11%
14%
Adjusted Profit Before Tax Margin
13
20%
18%
17%
Basic Earnings per Share
14
$
2.96
$
1.94
$
1.39
Diluted Earnings per Share
15
$
2.72
$
1.82
$
1.36
Adjusted Basic Earnings per Share
14
$
3.34
$
2.46
$
1.40
Adjusted Diluted Earnings per Share
15
$
3.07
$
2.31
$
1.37
Total equity
976.9
775.9
677.7
Common Equity
16
775.6
629.2
523.9
Return on Equity
17
25%
19%
17%
Adjusted Return on Equity (%)
16
30%
26%
17%
1.
Goodwill impairment charges in 2023 relates to the impairment recognised for goodwill relating to the Volatility Performance Fund S.A. CGU ('VPF') largely due to
declining projected revenue.
2.
A bargain purchase gain was recognised as a result of the ED&F Man Capital Markets division acquisition.
3.
Acquisition costs are costs, such as legal fees incurred in relation to the business acquisitions of ED&F Man Capital Markets business, the OTCex group and
Cowen's Prime Services and Outsourced Trading business.
4.
This represents the amortisation charge for the period of acquired brands and customers lists.
5.
Activities in relation to shareholders primarily consist of dividend-like contributions made to participants within certain of our share-based payments schemes.
6.
Employer tax on vesting of the growth shares represents the Group's tax charge arising from the vesting of the growth shares.
7.
Owner fees relate to management services fees paid to parties associated with the ultimate controlling party based on a percentage of our EBITDA in each year,
presented in the income statement within other expenses.
8.
IPO preparation costs related to consulting, legal and audit fees, presented in the income statement within other expenses.
9.
Fair value of the cash settlement option on the growth shares represents the fair value liability of the growth shares at $2.3m. Subsequent to the initial public
offering when the holders of the growth shares elected to settle the awards in ordinary shares, the liability was derecognised.
94
10.
Costs relating to the public offerings of ordinary shares by certain selling shareholders.
11.
Tax and the tax effect on the Adjusting Items represents the tax for the period and the tax effect of the other Adjusting Items removed from Profit After Tax to
calculate Adjusted Profit Before Tax. The tax effect of the other Adjusting Items was calculated at the Group's effective tax rate for the respective period.
12.
Profit attributable to AT1 note holders are the coupons on the AT1 issuance, which are accounted for as dividends.
13.
Adjusted Profit Before Tax Margin is calculated by dividing Adjusted Profit Before Tax (as defined above) by revenue for the period.
14.
The weighted average numbers of shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were
69,231,625
,
66,018,514
and
66,051,966
respectively.
15.
The weighted average numbers of diluted shares used in the calculation for the years ended December 31, 2024, 2023 and 2022 were
75,279,454
,
70,323,467
and
67,570,821
respectively.
16.
Common Equity is calculated as the average balance of total equity minus additional Tier 1 capital. For the years ended December 31, 2024 and 2023, Common
Equity is calculated as the average balance of total equity minus additional Tier 1 capital, as at December 31 of the prior year, March 31, June 30, September 30
and December 31 of the current year. As outline above Management changes its calculation approach for Common Equity during the year. Had the prior year
been calculated on the same methodology Common Equity would have been $633.3m. Adjusted Return on Equity would have remained 26%.
17.
Return on Equity is calculated as profit after tax for the period divided by average equity.
The Adjusted Sharpe ratio is computed as the average of monthly Adjusted Profit Before
Tax divided by the standard deviation of monthly Adjusted Profit Before Tax. The following table
reconciles the Adjusted Sharpe ratio from its most directly comparable IFRS  ratio, the Sharpe ratio,
which is calculated as the average monthly profit after tax divided by the standard deviation of
monthly profit after tax, for the periods presented:
Year Ended December 31,
2024
2023
2022
(millions, except ratios)
Average monthly Profit After Tax
...................................................
$
18.2
$
11.8
$
8.2
Standard deviation on monthly profit after tax
(a)
.........................
$
3.9
$
5.9
$
3.0
Sharpe ratio
....................................................................................
4.7
2.0
2.8
Average monthly Adjusted Profit Before Tax
...............................
$
26.8
$
19.2
$
10.1
Standard deviation on monthly Adjusted Profit Before Tax
(a)
....
$
5.2
$
4.5
$
2.5
Adjusted Sharpe ratio
..................................................................
5.2
4.3
4.1
(a)
In each period, standard deviation is calculated as the square root of the variance of monthly profit after tax relative to
the mean. The variance is calculated as the sum of the squares of the difference between monthly profit after tax and
the mean profit after tax, divided by the number of months, and the calculation of the ratio is the same for the Sharpe
ratio (on a monthly profit after tax basis) and the Adjusted Sharpe ratio (on a monthly Adjusted Profit Before Tax basis).
A reconciliation of Adjusted Profit Before Tax to profit after tax is included above.
Key Performance Indicators
Throughout this Annual Report, we provide a number of key performance indicators used
by our management and often used by competitors in our industry. We regularly monitor the
following operating metrics in order to measure our current performance and project our future
performance, which are defined as follows:
•
"FTE" means the number of our full-time equivalents as of the end of a given period,
which includes permanent employees and contractors.
•
"Average FTE" means the average number of our full-time equivalents over the period,
including permanent employees and contractors.
•
"Revenue per front-office FTE" means front-office revenue for a given period divided by
the average front-office FTE for the same period.
95
•
"Adjusted Profit After Tax Attributable to Common Equity per FTE" means Adjusted
Profit After Tax Attributable to Common Equity divided by the average FTE for the same
period.
•
"Active clients" means clients that have generated more than $5,000 in revenue for us
in a given year.
•
"Average balances" means the average of the daily holdings in exchanges, banks and
other investments over the period. Previously, average balances were calculated as the
average month end amount of segregated and non-segregated client balances that
generated interest income over a given period.
•
"Contracts cleared" means the total number of contracts cleared in a given period.
•
"Total Capital Ratio" means our total capital resources in a given period divided by the
capital requirement for such period under the IFPR.
Year Ended December 31,
2024
2023
2022
FTE
....................................................................................................
2,425
2,167
1,641
Average FTE
....................................................................................
2,334
1,914
1,241
Average front-office FTE
................................................................
1,250
1,028
695.0
Revenue per front-office FTE ($m)
..............................................
1.3
1.2
1.0
Adjusted Profit After Tax Attributable to Common Equity per
FTE ($'000)
......................................................................................
99
84
75
Active clients
....................................................................................
5,000
4,059
2,753
Average balances ($bn)
.................................................................
13.5
12.9
9.1
Contracts cleared (m)
.....................................................................
1,116
856
248
Total Capital Ratio (%)
...................................................................
234
229
266
Seasonality
While we are not materially impacted by seasonality, traditionally financial markets around
the world generally experience lower volumes at the end of the year due to a slowdown in the
business activities around holiday seasons.
Client Activities
The majority of our balance sheet supports client activity, with approximately 79% of our
balance sheet activity driven by client activities as of year ended December 31, 2024. Our balance
sheet is made up of short-duration, highly liquid instruments, which we believe drives quicker
turnover for these items.
The following table provides a breakdown of our balance sheet by client activities and
residual balances as of December 31, 2024:
96
Client Activities
Total
Repurchase
Agreements
Securities
Derivatives
Client
Balances
Residual
($bn)
Cash and liquid assets
1
...................
6.2
—
—
—
2.2
4.0
Trade receivables
.............................
7.5
—
—
—
6.9
0.6
Reverse purchase agreements
......
2.5
2.5
—
—
—
—
Securities
2
..........................................
6.5
—
6.5
—
—
—
Derivative assets
..............................
1.2
—
—
1.2
—
—
Other assets
3
.....................................
0.2
—
—
—
—
0.2
Goodwill and intangibles
..................
0.2
—
—
—
—
0.2
Total assets
......................................
24.3
2.5
6.5
1.2
9.1
5.0
Trade Payables
.................................
9.7
—
—
—
9.1
0.6
Repurchase agreements
.................
2.3
2.3
—
—
—
—
Securities
4
..........................................
6.7
—
6.7
—
—
—
Debt securities
..................................
3.6
—
—
—
—
3.6
Derivative instruments
.....................
0.7
—
—
0.7
—
—
Other liabilities
5
.................................
0.3
—
—
—
—
0.3
Total liabilities
.................................
23.3
2.3
6.7
0.7
9.1
4.5
Net assets
.........................................
1.0
Total equity
......................................
1.0
1.
Cash and liquid assets include cash and cash equivalents, fixed income securities pledged as collateral and fixed
income securities unpledged.
2.
Securities assets include equity instruments and stock borrowing.
3.
Other assets are inventory, corporate income tax receivable, deferred tax, investment in associate, investments, right-
of-use assets, and property plant and equipment.
4.
Securities liabilities are stock lending and short securities.
5.
Other liabilities are short term borrowings, deferred tax liability, lease liability, provisions and corporation tax.
B.
Liquidity and
Capital
Resources
Our primary sources of liquidity include cash from operations, proceeds from the Structured
Notes Program and the Public Offer Program, drawdowns under our Credit Facilities and the EMTN
Program, proceeds from the AT1 Securities and
Tier 2 Notes
and proceeds from the Senior Notes
Offering. We consider liquidity in terms of the sufficiency of these resources to fund our operating,
investing and financing activities for a period of 12 months after the financial statement issuance
date.
We require, and will continue to require, significant cash resources to, among other things,
post margin with exchanges for client trades, invest into higher yielding permissible investments,
pay employee compensation and fund acquisitions while maintaining regulatory minimums. One
such regulatory minimum is the K-factor capital requirement, which reflects an assessment of
market, credit and operational risk for a company's operations as defined by the IFPR regulations.
For the years ended December 31, 2024 and 2023, we were subject to regulatory minimum K-
factor capital requirements of $256 million and $185 million, respectively, and we had $723 million
and $538 million total regulatory capital available for the same periods, respectively. Growth in our
97
K-factor requirements was due to a combination of revenue and balance sheet growth and client
activity.
We hold excess capital to support our credit ratings and had a total capital ratio of
234%
and
229%
for the years ended December 31, 2024 and 2023, respectively, and
$
1,060
million
and
$
739
million in liquidity headroom as of December 31, 2024 and 2023, respectively. Our total capital
ratio is calculated by taking our total capital resources divided by the capital
requirements
under the
IFPR during the relevant period. We calculate our liquidity requirement as the maximum cumulative
outflow based on stress scenarios that consider a combination of systemic and idiosyncratic
factors. The liquidity headroom (surplus liquid assets above the liquidity requirement) is monitored
by executive management and the Board based on approved limits and early warning indicators.
The risk-adjusted capital framework ("RACF") is used to evaluate the capital adequacy of
financial institutions. The RACF is used to derive a risk-adjusted capital ratio ("RAC ratio") by
comparing a company's measure of capital, which is total adjusted capital including equity and
hybrids, to the risks undertaken by a company as measured by risk-weighted assets ("RWAs")
including credit, market, operational and counterparty risk exposure. The RAC ratio reflects a
company's relative level of capitalization in the context of the economic and industry risks it is
exposed to and measures the capital amount available for the company to absorb losses. To
determine a company's RWAs, the risk exposure amount is multiplied by the associated risk weight.
The RACF is calibrated so that a RAC ratio of 8% means that a company should have sufficient
capital to withstand a substantial stress scenario in developed markets. As of December 31, 2024
and December 31, 2023, we calculated our RAC ratio for S&P Global Ratings to be 12.0% and
11.2%, respectively, and our leverage ratio was 3.3 times and 4.0 times for the same periods,
respectively.
In addition, on October 15, 2024 we filed a Senior Notes Registration Statement to offer, on
a continuous basis, up to $7
00
million in aggregate principal amount, or the equivalent thereof in
any other currency, of Senior Notes due nine months or more from date of issue. In conjunction with
the Senior Notes Registration Statement, we entered into a senior indenture with Citibank, N.A. as
Trustee. On October 30, 2024 we completed an offering under this Senior Notes Registration
Statement and received net proceeds
of
$596.7m. The notes have a fixed interest rate of 6.404%,
mature in November 2029 and are rated BBB- by both S&P and Fitch. The Senior Notes contain
features such as an optional redemption clean-up call; offer to repurchase upon a change of
control; and interest rate adjustment based on ratings events. The Senior Notes do not have any
financial covenants.
In January 2023, the company completed a public offering of senior unsecured Euro
Medium Term Notes (EMTNs) of aggregate principal €300 million. The notes have a fixed interest
rate of 8.375%, mature in February 2028 and are rated BBB- by both S&P and Fitch. The EMTNs
contain features such as early redemption calls related to refinancing (clean-up call, par call); early
redemption linked to tax law changes; and a negative pledge condition. The EMTNs do not have
any financial covenants.
The company has a committed unsecured Revolving Credit Facility (Marex Revolving
Credit Facility) of $150 million with a maturity date of June 2026. The Marex RCF has non-financial
covenants consistent with typical covenants for this type of facility and the following financial
covenants:
•
Total Leverage Ratio to be less than 3.00x
•
Interest Coverage Ratio to be greater than or equal to 3.00x
•
Tangible Net Worth to be greater than $250m
98
The company, through its subsidiary MCMI, has a committed unsecured Revolving Credit
Facility (MCMI Revolving Credit Facility) of $125 million with a maturity date of May 2025. The
MCMI RCF has non-financial covenants consistent with typical covenants for this type of facility and
the following financial covenants:
•
Minimum Total Regulatory Capital at all times of $500 million
•
Minimum Excess Net Capital at all times of $50m with the exception that on up to three
instances per quarter, for a maximum of 5 consecutive business days per occurrence,
Excess Net Capital is permitted to be below $50m but must remain above $40m at all times.
•
Maximum Total Leverage Ratio (defined as indebtedness outstanding (exclusive of
subordinated facilities) divided by total regulatory capital) of 50%. Indebtedness excludes
securities financing facilities and intercompany facilities that are subordinated or covered by
an intercreditor agreement acceptable to the Administrative Agent.
•
Minimum Net Capital at all times of $350m
•
One Zero Loan Days per 30-day period
In addition to the above many of the Group's material operating subsidiaries are subject to
regulatory restrictions and minimum capital requirements, please refer to Note 31 of the financial
statements included within this Annual Report for for further detail.
Based on our forecasts, we believe that cash flows from our operations, available cash on
hand and available borrowing capacity under our Credit Facilities and security issuance programs
outlined above will be adequate to service debt, meet liquidity needs and fund necessary capital
expenditures for at least the next 12 months. Our future capital requirements will depend on many
factors, including any future acquisitions. We could be required, or could elect, to seek additional
funding through public or private equity or debt financings
.
1
Total
capital
ratio is calculated as total capital resources over capital requirement under IFPR regime.
2
Minimum capital requirement is determined by the Own Funds Threshold Requirement based on Marex's latest Internal
Capital Adequacy and Risk Assessment ("ICARA") process.
3
Regulatory capital represents tangible equity and other instruments that qualify as regulatory capital.
99
4.
Funding sources include $3.6bn of debt securities and $0.2bn of AT1.
Cash
Flows
Years ended December 31, 2024 and 2023
The following table summarizes our key cash flows for the year ended December 31, 2024
and 2023:
Years Ended
December 31,
2024
2023
(m)
$
$
Net cash from operating activities
...........................................................................
1,163.5
735.0
Net cash used in investing activities
.......................................................................
(35.3)
(97.6)
Net cash used in financing activities
.......................................................................
(37.2)
(72.8)
Net Cash From Operating Activities
Net cash from operating activities was $
1,163.5
million for the year ended December 31,
2024 as compared to $
735.0
million for the year ended December 31, 2023. The increase was due
primarily to an increase in net stock borrowing and lending and trade and other payables, offset by
a decrease in trade and other receivables and increase in equity instruments.
Net Cash Used In Investing Activities
Net cash used in investing activities was $
35.3
million for year ended December 31, 2024
as compared to $
97.6
million for the year ended December 31, 2023. The decrease was due
primarily to a lower acquisition activity during 2024 compared to 2023.
Net Cash Used in Financing Activities
Net cash used in financing activities was $
37.2
million for the year ended December 31,
2024 as compared to $
72.8
million for the year ended December 31, 2023. The decrease was due
primarily to the receipt of proceeds from the issuance of ordinary shares in the IPO, partly offset by
the $
77.1
million of dividends paid to shareholders and holders of AT1 securities during the period
ended December 31, 2024.
Contractual
Obligations
and Commitments
In the normal course of business, we enter into various contractual obligations that may
require future cash payments. The table below sets forth our contractual obligations and
commitments to make future payments by type and period as of December 31, 2024 and December
31, 2023.
Contractual Obligations
Total
On
demand
Less than
3
months
3 to 12
months
1 to 5
years
More than
5 years
(m)
Repurchase agreements
.............................
2,305.8
—
2,305.8
—
—
—
Short securities
.............................................
1,704.6
—
1,704.6
—
—
—
Amounts due to exchanges, clearing
houses and other counterparties
................
1,501.5
1,218.8
282.0
0.7
—
—
100
Amounts payable to clients
.........................
7,270.8
7,270.8
—
—
—
—
Trade payables
.............................................
470.2
3.6
463.4
3.2
—
—
Other creditors
..............................................
17.3
6.0
4.9
4.1
2.3
—
Stock lending
.................................................
4,952.1
4,804.5
147.6
—
—
—
Short term borrowings
..................................
152.0
—
152.0
—
—
—
Debt securities
..............................................
3,604.5
—
1,235.8
883.8
1,434.9
50.0
Lease liabilities
..............................................
104.3
—
3.7
10.3
52.9
37.4
Total non-derivative financial
liabilities as of December 31, 2024
........
22,083.1
13,303.7
6,299.8
902.1
1,490.1
87.4
Total
On
demand
Less than
3
months
3 to 12
months
1 to 5
years
More than
5 years
(m)
Repurchase agreements
.............................
3,118.9
—
3,118.9
—
—
—
Short securities
.............................................
1,924.8
1.3
1,923.5
—
—
—
Amounts due to exchanges, clearing
houses and other counterparties
1
..............
1,461.9
1,461.9
—
—
—
—
Amounts payable to clients
1
........................
4,899.1
4,899.1
—
—
—
—
Trade payables
1
............................................
16.1
16.1
—
—
—
—
Other creditors
1
.............................................
18.1
6.5
9.8
1.8
—
—
Stock lending
.................................................
2,323.3
—
2,323.3
—
—
—
Debt securities
..............................................
2,216.3
—
440.2
868.2
889.4
18.5
Lease liabilities
..............................................
57.8
—
3.4
10.4
31.5
12.5
Total non-derivative financial
liabilities as of December 31, 2023
........
16,036.3
6,384.9
7,819.1
880.4
920.9
31.0
1.  The Group has enhanced the granularity of categories presented within 'Trade and Other Payables' to better depict the
nature of these balances. Prior year comparatives have been aligned for consistency of presentation.
C.
Research and Development, Patents and Licenses, etc.
During the ordinary course of business, the Group develops new financial products and
service offerings and the Group does obtain tax credits from certain qualifying research and
development costs in the UK . Overall research and development, patent and licenses do not form
a core part of the Group's operations.
D.
Trend Information
Other than as disclosed elsewhere in this Annual Report, we are not aware of any trends,
uncertainties, demands, commitments or events since December 31, 2024 that are reasonably
likely to have a material adverse effect on our revenues, income, profitability, liquidity or capital
resources, or that would cause the disclosed financial information to be not necessarily indicative of
future operating results or financial conditions.
E.
Critical Accounting Estimates
Critical accounting judgements and key sources of estimation uncertainty are discussed in
note 4 to the financial statements.
101
Item 6.
Directors, Senior Management And Employees
A.
Directors and
Senior
Management
Executive Officers and Directors
The following table presents information about our current executive officers and directors as of
March 3, 2025
.
Name
Age
Position
Executive Officers
Ian Lowitt
.......................................................
61
Chief Executive Officer and Director
Rob Irvin
........................................................
47
Chief Financial Officer and Director
Paolo Tonucci
...............................................
56
Chief Strategist and CEO of Capital Markets
Simon van den Born
....................................
57
President
Thomas Texier
..............................................
51
Group Head of Clearing
Nilesh Jethwa
...............................................
46
Chief Executive Officer of Marex Solutions
Board of Directors
Robert Pickering
...........................................
65
Chair
Konstantin Graf von Schweinitz
.................
63
Director
Sarah Ing
.......................................................
58
Director
Linda Myers
..................................................
60
Director
Roger Nagioff
................................................
60
Director
John W. Pietrowicz
......................................
60
Director
Henry Richards
.............................................
40
Director
Executive Officers
The following is a brief summary of the business experience of our executive officers.
Ian Lowitt
has served as our Chief Executive Officer since January 2016 and on our Board since
November 2012. Mr. Lowitt joined us in November 2012 as Chief Financial Officer. From 2008 to 2012,
Mr. Lowitt was at Barclays Bank where, after the acquisition of Lehman Brothers, he managed the
integration of the businesses and support functions and served as the Chief Operating Officer of Barclays
Wealth America. From 1994 to 2008, Mr. Lowitt worked at Lehman Brothers in a variety of roles, including
Head of Corporate Development and Strategy, Global Treasurer and Head of Tax, Chief Administrative
Officer (Europe), Co-Chief Administrative Officer and later as Chief Financial Officer. Mr. Lowitt holds a
Master of Science in Economics and a Master of Arts in Philosophy, Politics and Economics from the
University of Oxford, which he attended as a Rhodes Scholar, and a Bachelor of Science and a Master of
Science in Electrical Engineering from University of Witwatersrand in Johannesburg.
Rob Irvin
joined us as Chief Financial Officer in March 2023 and has served on our Board since
May 2023. From 2011 to 2022, Mr. Irvin worked at HSBC, where he held Chief Financial Officer roles for
both the Private Bank and Investment Banking divisions. Mr. Irvin is a Chartered Accountant, having
started his career at Deloitte. Mr. Irvin holds a Bachelor of Arts with Honours in Economics and Social
History from University of York.
Paolo Tonucci
has served as our Chief Strategist and CEO of Capital Markets since May 2023.
Mr. Tonucci joined us in May 2018 as Chief Operating Officer and served as Chief Financial Officer
between October 2020 and April 2023. From January 2014 to April 2018, Mr. Tonucci served as Group
102
Treasurer at the Commonwealth Bank of Australia based in Sydney, where he was responsible for
funding, capital, asset and balance sheet management and investment of group liquidity. From
September 2008 to December 2013, Mr. Tonucci served as the Head of Balance Sheet Management and
later as the Head of Funding and Liquidity and Head of Africa Treasury at Barclays. From December 1996
to September 2008, Mr. Tonucci worked at Lehman Brothers in London and New York in various roles
including Global Head of Asset and Liability Management, Global Head of Financial Planning,
International Treasurer and later as Global Treasurer, where he sat on the board of several management
committees. Mr. Tonucci is a Chartered Accountant and holds a Master of Arts in Economics from the
University of Cambridge.
Simon van den Born
has served as our President since June 2019. Mr. van den Born joined us
in 2010 as Managing Director and Global Head of Metals and served on our Board from January 2016 to
February 2021. From 2004 to 2010, Mr. van den Born worked at Valhalla Capital Management as a
Portfolio Manager, and from 1994 to 2002, he worked at Goldman Sachs in the Commodity Index and
Metals teams.
Thomas Texier
has served as our Group Head of Clearing since July 2020. From April 2015 to
July 2020, Mr. Texier served as Managing Director and later as Chief Operating Officer of R.J. O'Brien's
London business, where he was responsible for the global IT organization and served on their Executive
Committee. From July 2002 to March 2015, he held several roles at Kyte Group London, prior to which he
served as Operations Manager at FCT Europe Limited between August 2001 and June 2002 and as
Deputy General Manager at Société Générale in Japan between November 1997 and July 2001. Mr.
Texier holds a Master of Management from the Kedge Business School in France.
Nilesh Jethwa
is Chief Executive Officer of our Marex Solutions business, which he set up in
2017. From April 2008 to December 2016, Mr. Jethwa worked at Leonteq, which he helped launch and
ultimately went public on the Swiss Stock Exchange, where he ran their Markets Division, managing
trading, sales, structuring, quantitative analytics and treasury. From July 2000 to March 2008, he worked
at Lehman Brothers as an Executive Director and the Head of Single Stock Exotics, trading for Europe
and the Middle East. Mr. Jethwa is also a Trustee of Noah's Ark Children's Hospice. Mr. Jethwa holds a
Master of Arts in Mathematics from the University of Cambridge.
Board of Directors
The following is a brief summary of the business experience of our board of directors. See above
for a summary of the business experience of Ian Lowitt and Rob Irvin.
Robert Pickering
has served on our Board since September 2021, becoming Senior
Independent Director in March 2022 and then Chair of the board in October 2023. Mr. Pickering
previously served on the board of directors of Itau BBA, the investment banking arm of Itau Unibanco.
From 1985 to 2008, Mr. Pickering held a variety of positions at Cazenove, where he built its financial
advisory practice and grew its wealth management division, becoming its first Chief Executive. Robert
also negotiated and led Cazenove's successful joint venture with JPMorgan in 2004. Since leaving
Cazenove, Mr. Pickering has focused on a portfolio career, acting as an advisor to private individuals and
boards, mainly in financial services. Mr. Pickering's extensive experience on various boards has included
a variety of corporate transactions including IPOs, mergers, fundraisings and private equity. Mr. Pickering
holds a Master of Arts in Law from the University of Oxford.
Konstantin Graf von Schweinitz
has served on our Board since September 2021 and as Chair
of the risk committee since August 2022. Prior to these roles, from 1988 to 2007, Mr. Graf von Schweinitz
held a variety of executive positions at Kleinwort Benson and then Dresdner Group, including Head of
Risk Management for investment banking. Mr. Graf von Schweinitz also serves as an independent chair
of SG Kleinwort Hambros Bank and as a non-executive director at Egerton Capital. He holds Bachelor of
Arts and Master of Arts degrees in History and Economics from the University of Oxford.
103
Sarah Ing
has served on our Board since July 2021, serving as Senior Independent Director
since October 2023 and as Chair of the audit and compliance committee since March 2022. Ms. Ing
worked in audit and corporate finance, following which she was an equity research analyst covering the
general financials sector from 2008 to 2017. Ms. Ing founded a hedge fund investment management
business between 2004 and 2008. She currently serves as an independent non-executive director and
committee chair at CMC Markets plc, XPS Group plc and City of London Investment Group plc. Ms. Ing is
a chartered accountant and holds a Bachelor of Science with Honours from Durham University.
Linda Myers
has served on our Board since January 2024 and was appointed Chair of our
remuneration committee in March 2024. Until 2022, Ms. Myers was a senior partner at Kirkland & Ellis
LLP. During her tenure at Kirkland & Ellis, she served on the firm's global management committee from
2010 to 2020, chaired the committee responsible for firm policies, served on two committees responsible
for compensation and established a number of diversity-focused task forces and initiatives. Ms. Myers
also serves as the chair of the board of directors of the National Philanthropic Trust and, for both Gibraltar
Industries and LCI Industries, on the boards of directors and as chair of their respective Nomination and
Governance Committees. She holds a Bachelor of Arts in International Relations and Economics from the
University of Wisconsin-Madison and a Juris Doctorate from the Georgetown University Law Center.
Roger Nagioff
has represented JRJ Group on our Board since 2010. Mr. Nagioff is a founding
partner of JRJ Group, and from 1997 to 2008, he served in various senior executive positions at Lehman
Brothers, including Global Head of Fixed Income, Chief Operating Officer for Europe and Co-Head Global
Equities. Prior to that, between 1989 and 1997, Mr. Nagioff held a variety of senior positions in the
Equities division at NatWest Markets. He holds a Bachelor of Arts degree in Law from what is now the
University of London.
John W. Pietrowicz
joined our Board in April 2024. Mr. Pietrowicz served as Chief Financial
Officer of the CME Group from 2014, until his retirement in April 2023. Mr. Pietrowicz began his career at
the CME Group in 2003, where he served on the management team from 2010. From 2012 to 2023,
Mr. Pietrowicz also served as a director of S&P Dow Jones Indices LLC, and from 2020 to 2023, he
served on the board of the World Federation of Exchanges. From 2018 to 2022, Mr. Pietrowicz served on
the Financial Accounting Standards Advisory Committee, and from 2012 to 2016, he served on the board
of Bolsa Mexicana de Valores. Before joining the CME Group, Mr. Pietrowicz served as Chief Financial
Officer for The Merchants' Exchange, an electronic commodities exchange based in Chicago. Mr.
Pietrowicz has also served as an independent director of Federal Home Loan Bank of Chicago since
January 2025. Mr. Pietrowicz holds a Bachelor of Business Administration in accounting from the
University of Notre Dame and a Master of Business Administration in Finance from Loyola University
Chicago. He is also a Certified Public Accountant.
Henry Richards
was a director on our Board from 2018 to 2021, representing JRJ Group and
was reappointed to our Board in April 2024. Mr. Richards has 17 years of experience in investment
banking and private equity, with special focus on financial services. Since 2015, Mr. Richards has been at
JRJ Group, holding the role of Principal since 2018. From 2014 to 2015, Mr. Richards was a senior
associate at Partners Capital LLP. Prior to that, Mr. Richards was an investment banker at JP Morgan. He
holds a Bachelor of Arts (Honours) degree in Classics from Durham University.
There are no family relationships among any of our executive officers or directors.
Other than as disclosed in Item 7.
"Major Shareholders and Related Party Transactions – Related
Party Transactions"
below, there are no arrangements or understandings with major shareholders,
customers, suppliers or others, pursuant to which any person referred to above was selected as a director
or member of senior management.
104
B.
Compensation
We set out below the amount of compensation paid and benefits in kind provided by us or our
subsidiaries to our executive officers and members of our Board for services in all capacities to us or our
subsidiaries for the year ended December 31, 2024, as well as the amount we contributed to retirement
benefit plans for our executive officers and members of our Board.
Executive Officer and
Director
Compensation
The total aggregate amount of remuneration paid and benefits in kind provided to our executive officers
and directors for services in all capacities for the year ended December 31, 2024 was $40.5 million. Of
that aggregate amount, $12.5 million related to remuneration paid to members of our Board. These
aggregate amounts include remuneration paid, bonuses paid for the year, amounts received under the
incentive plans described below under "—Equity Incentive Plans," contributions to pensions and other
retirement benefits, excess retirement benefits, compensation for loss of office and consideration paid to
third parties for directors' services. For the year ended December 31, 2024, the highest paid director
received remuneration of $6.9 million. One Non-Executive Director of the Company stepped down in
December 2024 and received payment of $76 thousand (being accrued fees in respect of the contractual
notice period).
We do not set aside or accrue any amounts to provide pension, retirement or similar benefits to
members of our Board or executive officers, although we made defined contribution pension contributions
on behalf of, and paid pension allowances to, our directors and executive officers, which are included in
the aggregate total above. We do not currently maintain any profit sharing plan for the benefit of our
executive officers or directors.
During the year ended December 31, 2024, pursuant to our equity incentive plans described
under "—Equity Incentive Plans," we granted awards to our executive officers and directors in the
aggregate amount of $10 million, of which $2.6 million was awarded to the highest paid director. During
the year ended December 31, 2024, five executive officers and directors had vestings under the 2021
DBP and six executive officers and directors had vestings under the 2022 DBP. As described below, our
executive officers and other employees receive discretionary bonuses, which may be included in a
deferred bonus plan or other incentive plan as relevant to such employee. See "—Equity Incentive Plans"
included in this section.
Executive Officer and Director Agreements
We have entered into written employment agreements with each of our executive officers. These
agreements provide for notice periods of 12 months for termination of the agreement by us or by the
relevant executive officer, during which time the executive officer will continue to receive base salary and
benefits. These agreements also contain customary provisions regarding non-competition, confidentiality
of information and assignment of inventions. However, the enforceability of the non-competition provisions
may be limited under applicable law. We also entered into customary agreements with our non-executive
directors in connection with our IPO.
Equity Incentive Plans
Options and other equity incentive awards are outstanding under the equity incentive
arrangements summarized below. The summaries below are qualified in their entirety by reference to the
actual text of the plans or arrangements, which are filed as exhibits to this Annual Report.
The number of awards and other interests held by directors and executive officers pursuant to the
below arrangements is included in Item 7. "Major Shareholders and Related Party Transactions" below.
Warrants
105
In 2012, we granted a warrant to Simon van den Born, our President (the "SvdB Warrant"). Mr.
van den Born exercised the SvdB Warrant, and as a result, non-voting ordinary shares were issued to him
immediately prior to completion of our IPO as part of the reorganization of our share capital in connection
with our IPO. Following the effective 1.88 to one reverse split of our ordinary shares in connection with
our IPO, 465,536 ordinary shares were issued upon the exercise of the SvdB Warrant, and a proportion of
such ordinary shares were retained by the EBT to satisfy an aggregate $3.5 million exercise price payable
to exercise the SvdB Warrant.
In 2019, we granted a warrant to Ian Lowitt, our CEO, entitling him to acquire 268,282 non-voting
ordinary shares for $0.000165 per non-voting ordinary share (prior to the 1.88 to one reverse split of our
ordinary shares) (the "IL Warrant"). Following the effective 1.88 to one reverse split of our ordinary shares
and the completion of our IPO, the IL Warrant was terminated, and Mr. Lowitt will be issued 142,709
ordinary shares in connection therewith on or shortly following the twelve-month anniversary of the
completion date of our IPO (subject to earlier distribution in the event of certain corporate events that
occur prior to such twelve-month anniversary). In addition, the ordinary shares will not be distributed to
Mr. Lowitt in connection with the termination of the IL Warrant in the event Mr. Lowitt is deemed to be a
"bad leaver" at any time prior to the twelve-month anniversary of the completion date.
Growth Shares
We offered multiple series of growth shares to our employees, including directors and senior
managers, since 2010 (the "Growth Shares"). Growth Shares participated in the value of the Company
above an initial threshold market capitalization, set at a premium to the market capitalization at the time
Growth Shares were issued. The economic value of each "series" of Growth Share was therefore
different, as a result of the changing market capitalization of the Company over the period in which
Growth Shares were issued.
Growth Shares "vested" immediately prior to completion of our IPO, entitling holders to have their
Growth Shares redeemed for either: (i) a cash payment equal to the value of their Growth Shares; or (ii)
non-voting ordinary shares with equivalent value, in each case subject to deductions for any required tax
withholding in any jurisdiction. All holders elected for satisfaction in non-voting ordinary shares. The value
of the Growth Shares, and the resulting number of non-voting ordinary shares required to be issued to
satisfy them, was calculated in accordance with our Articles of Association.
In accordance with the terms upon which the 2016, 2019 and 2020 series of Growth Shares were
issued, upon completion of our IPO, holders of those Growth Shares were also issued additional ordinary
shares reflecting the value of dividends paid by us since their respective Growth Shares were issued, with
the number of additional ordinary shares deliverable to holders calculated on a grossed-up basis, partially
compensating holders for the taxes that arose on such additional ordinary shares (the "dividend
adjustment").
Each recipient of the series 2020 Growth Shares remains subject to lock-up arrangements
pursuant to which each recipient may not transfer any interest in such number of series 2020 Growth
Shares within one year of completion of our IPO in excess of 33% of the recipient's series 2020 Growth
Shares and within two years of completion of our IPO in excess of 66% of the recipient's series 2020
Growth Shares (unless we determine otherwise).
Based on the price of $19.00 per ordinary share at our IPO, the Growth Shares had an aggregate
value of $172.5 million (including the value of additional ordinary shares payable to holders of 2016, 2019
and 2020 series of Growth Shares to reflect the dividend adjustment).
The redemption of Growth Shares and delivery of non-voting ordinary shares to holders in
satisfaction took place immediately prior to completion of our IPO as part of the reorganization of our
share capital in connection with our IPO. Any non-voting ordinary shares acquired in exchange for Growth
Shares were re-classified as ordinary shares at the same time as other non-voting ordinary shares, as
106
described in our Articles of Association and as set forth in Exhibit 2.1 "Description of Securities" attached
to this Annual Report.
Growth Options
Series 2010 Growth Options were held by our current and former employees (the "Series 2010
Growth Options"). The value of the Series 2010 Growth Shares underlying the Series 2010 Growth
Options was calculated in the manner described in the Growth Shares section above. The Series 2010
Growth Options had an aggregate value of $1.2 million.
Series 2010 Growth Options "vested" immediately prior to completion of our IPO, which entitled
holders to have their Series 2010 Growth Options redeemed for a cash payment equal to the value of
their Series 2010 Growth Options. We also offered holders the ability to instead receive Series 2010
Growth Shares with equivalent value. In each case, they were subject to deductions for any required tax
withholding in any jurisdiction. Any Series 2010 Growth Shares delivered in satisfaction of Series 2010
Growth Options were then redeemed for non-voting ordinary shares in the same manner as described in
the Growth Shares section above. Cash and/or Series 2010 Growth Shares were delivered to holders of
Series 2010 Growth Options immediately prior to the conversion of Growth Shares into non-voting
ordinary shares.
As described above for the Growth Shares, the satisfaction of Series 2010 Growth Options took
place immediately prior to completion of our IPO as part of the reorganization of our share capital in
connection with our IPO. Please see our Articles of Association and as set forth in Exhibit 2.1 "Description
of Securities" attached to this Annual Report.
Nil-Cost Options
Nil-cost options over 592,356 non-voting ordinary shares (prior to the effective 1.88 to one
reverse split of our ordinary shares) were held by current and former employees pursuant to our 2007
Employee Share Purchase Plan ("Nil-cost Options"). All Nil-cost Options are vested. Following the
effective 1.88 to one reverse split of our ordinary shares, Nil-cost Options remained outstanding over
315,092 ordinary shares following the completion of our IPO. Nil-cost Options may be exercised at any
time following completion of our IPO.
Retention LTIP, LTIP, 2021 DBP and 2022 DBP
Provisions Common to the Retention LTIP, LTIP, 2021 DBP and 2022 DBP
Form of awards: Awards take the form of a conditional right to receive non-voting shares which
are automatically transferred to the participant following vesting.
Non-transferable and non-pensionable: Awards are non-transferable, save to personal
representatives following death, and do not form part of pensionable earnings.
Source of Shares: Shares may be newly issued, transferred from treasury or market purchased
for the purposes of the Retention LTIP (as defined below), LTIP, 2021 DBP and 2022 DBP.
Variation of capital: The number of shares subject to awards may be adjusted, in such manner as
our Board or the remuneration committee may determine, following any variation of share capital of the
Company or a demerger of a substantial part of our business, a special dividend or a similar event
affecting the value of shares to a material extent.
Dividend equivalents: Participants may receive an additional payment (or ordinary shares of
equivalent value) equal to the dividends which would have been paid during the vesting period. Cash
dividend equivalents will be paid following the expiry of any applicable retention period.
107
Corporate actions: In the event of a change of control, scheme of arrangement or voluntary
winding up of the Company (not being an internal corporate reorganization), unless otherwise required by
the remuneration requirements of SYSC 19G applicable to our business, awards granted under the
Retention LTIP, 2021 DBP and 2022 DBP will vest early subject, in the case of awards granted under the
Retention LTIP to:
•
the extent that the performance conditions have been satisfied at that time; and
•
unless the remuneration committee decides it is inappropriate to do so, such reduction in the
size of award as the remuneration committee determines appropriate having regard to time
elapsed in the normal vesting period and such other factors as it considers appropriate.
If a demerger, special dividend or other similar event is proposed which, in the opinion of the
remuneration committee, would affect the market price of ordinary shares to a material extent, then the
remuneration committee may decide that awards will vest on the basis set out above.
However, LTIP awards will not vest early in the event of a change of control, scheme of
arrangement or voluntary winding up of the Company. For all LTIP awards, and those Retention LTIP,
2021 DBP and 2022 DBP awards which do not vest early but instead remain outstanding on such an
event, the remuneration committee has a discretion to make such adjustments to the award, including
converting it into a cash-based award, as the remuneration committee may determine, to reflect the
event.
In the event of an internal corporate reorganization awards will be replaced by equivalent new
awards over shares in a new holding company unless the remuneration committee decides that awards
should vest on the basis set out above.
Alterations: The Board may amend the rules of the Retention LTIP, LTIP, 2021 DBP and 2022
DBP as it considers appropriate save that an amendment to the detriment of participants requires their
individual or the consent of 75% as a class.
Malus and clawback: The remuneration committee may apply malus or clawback where at any
time before or within five years following grant it determines that our financial results were misstated or
that an error was made in any calculation or in assessing performance, which resulted in the number of
shares in respect of which the award was granted or vested being more than it should have been. The
remuneration committee may also apply clawback before or within five years following grant where it
determines that, at any time prior to the later of the vesting of an award or the expiry of any retention
period:
•
the participant committed misconduct that justified, or could have justified, dismissal;
•
the participant's action or omission has contributed to reputational damage to any member of
our group;
•
there has been corporate failure of any member of our group;
•
there has been a failure of risk management; or
•
the participant has breached any codes of conduct operated by any member of our group; or
has failed to meet the required standards of fitness and conduct imposed by any regulatory
body.
A clawback may be satisfied in a number of ways, including by reducing the amount of any future
bonus, by reducing the vesting of any subsisting or future awards, by reducing the number of shares
under any vested but unexercised option and/or by either one or both of a requirement to make a cash
payment or transfer of shares to us. The circumstances or period over which malus and clawback may be
108
applied shall be adjusted by the remuneration committee to the extent required to comply with any
regulatory requirements applicable to our business and/or individual participants. For awards granted
under the Retention LTIP, 2021 DBP and 2022 DBP, such clawback provisions will not apply following the
occurrence of a takeover or similar corporate event.
Furthermore, to the extent applicable, awards granted under the Retention LTIP, 2021 DBP and
2022 DBP are subject to the terms of any other clawback policy adopted by us, including to comply with
applicable SEC and Nasdaq listing requirements.
Retention Long-term Incentive Plan ("Retention LTIP")
One-off awards were granted to 25 senior employees under the Retention LTIP and, as of
December 31, 2024, are outstanding over in aggregate 1,606,849 ordinary shares (following the effective
1.88 to one reverse split of our ordinary shares and the completion of our IPO).
Retention LTIP awards were not impacted as a result of completion of our IPO, other than being
adjusted to incorporate certain required amendments and remain outstanding over ordinary shares. All
outstanding shares in the Retention LTIP award vested on the publication of our audited annual financial
results for the year ended December 31, 2024, subject to achievement of applicable performance
conditions.
If the remuneration committee so determines, an award may be satisfied in whole or in part by a
cash payment as an alternative to the issue or transfer of ordinary shares.
Where a participant ceases to hold office or employment with our group (or gives or receives
notice) other than for a "Good Leaver" reason (as defined below) under the Retention LTIP on or after the
second and before the third anniversary of grant, their Retention LTIP award will immediately lapse as to
33%. The remaining portion of the award will remain outstanding and capable of vesting on its normal
vesting date subject to the application of the performance conditions, provided that the award shall
immediately lapse if the remuneration committee determines that the participant has been (or will be)
employed or otherwise engaged to provide services to any competitor or restricted business or in
circumstances where malus or clawback may be applied to that participant ("Bad Leaver" circumstances).
If a participant ceases to hold office or employment because of: death, injury, disability, sale of
their employing company or business unit, or other circumstances as determined at the discretion of the
remuneration committee ("Good Leaver" reasons), their award will remain outstanding and capable of
vesting on its normal vesting date (subject to pro-ration or such earlier date as the remuneration
committee may determine in its discretion), provided that their award shall immediately lapse if Bad
Leaver circumstances apply before the normal vesting date. The extent to which an award will vest in a
Good Leaver situation will depend on:
•
the extent to which the performance conditions have, in the opinion of the remuneration
committee, been satisfied over the performance period; and
•
unless the remuneration committee decides it is inappropriate to do so, such reduction in the
size of award as the remuneration committee determines appropriate having regard to time
served in the normal vesting period, and such other factors as it considers appropriate.
2021 Deferred Bonus Plan ("2021 DBP")
The 2021 DBP was operated in connection with annual bonuses paid to employees for the
financial year ended December 31, 2021 and provided for the remuneration committee to require deferral
of a portion of employees' 2021 annual bonuses into the form of non-voting ordinary shares (such portion
being determined by the remuneration committee). As of December 31, 2024, 2021 DBP awards were
outstanding over an aggregate amount of 149,874 ordinary shares.
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They vested following publication of our audited annual financial results for the year ended
December 31, 2024 (subject to certain vesting conditions set out in the 2021 DBP). The remuneration
committee may reduce vesting levels where it considers it appropriate to do so to reflect such factors as it
considers to be relevant.
Where a participant ceases to hold office or employment with our group (or gives notice) other
than for a "Good Leaver" reason (as defined below) under the 2021 DBP prior to vesting, any unvested
portion of the 2021 DBP award will immediately lapse in full.
If a participant ceases to hold office or employment because of: death, injury, disability, sale of
their employing company or business unit, redundancy, mutual agreement or other circumstances as
determined at the discretion of the remuneration committee ("Good Leaver" reasons), their award will
remain outstanding and capable of vesting on its normal vesting date or such earlier date as the
remuneration committee may determine.
2022 Deferred Bonus Plan ("2022 DBP")
The 2022 DBP was first operated in connection with annual bonuses paid to employees for the
financial year ended December 31, 2022 and provides for the deferral of at least 50% of "Material Risk
Takers" 2022 annual bonuses into an award over non-voting ordinary shares and for the remuneration
committee to require deferral of a portion of other employees' 2022 annual bonuses into the form of non-
voting ordinary shares (such portion being determined by the remuneration committee). As of December
31, 2024, 2022 DBP awards were outstanding over an aggregate amount of 688,557 ordinary shares.
The outstanding 2022 DBP awards are expected to vest in two equal annual tranches on the
second and third anniversary of the date of grant (or, if later in the relevant year, publication of audited
annual financial results for the prior year) (in each case, subject to certain vesting conditions set out in the
2022 DBP).
2022 DBP awards are subject to materially the same terms as the 2021 DBP (as described in the
2021 DBP section above), other than the following terms, which were primarily implemented to comply
with regulatory requirements applicable to our business pursuant to SYSC 19G:
•
the level and duration of deferral of annual bonuses into 2022 DBP awards is applied for
participants that are designated as "Material Risk Takers" in line with the remuneration
requirements of SYSC 19G, as applicable to our business, in particular vesting may not be
accelerated for Material Risk Takers on cessation of employment or in connection with a
corporate event;
•
awards may be subject to a retention period, during which the transfer of shares received on
vesting is restricted. A mandatory six-month retention period is applied for "Material Risk
Takers;"
•
in addition to the clawback provisions set out above, clawback may be applied where there is
a material downturn in financial performance or where the participant is found to have
contributed to circumstances giving rise to significant losses to our business; and
•
a participant will also be treated as a "Good Leaver" if they become a "Career Retiree" as
determined by the remuneration committee.
Long-term Incentive Plan ("LTIP")
Awards were granted to four senior executives under the LTIP and are outstanding over in
aggregate 217,509 ordinary shares (following the effective 1.88 to one reverse split of our ordinary shares
and the completion of our IPO). LTIP awards were not impacted as a result of completion of our IPO,
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other than being adjusted to incorporate certain required amendments and remain outstanding over
ordinary shares.
LTIP awards remain capable of vesting on their normal vesting date, being the later of:
September 6, 2026; publication of our audited annual financial results for the year ended December 31,
2025; and assessment of the performance conditions applicable to LTIP awards.
The LTIP is on materially the same terms as the Retention LTIP (as described in the "–Retention
LTIP" and "–Provisions Common to the Retention LTIP, LTIP, 2021 DBP and 2022 DBP" sections above),
other than the following terms:
•
as all LTIP participants are designated as "Material Risk Takers," the terms of the LTIP are
intended to comply with the remuneration requirements of SYSC 19G, as applicable to our
business, in particular vesting may not be accelerated on cessation of employment or in
connection with a corporate event;
•
LTIP awards are subject to an individual limit of 300% of gross annual basic salary on the
grant date (or 400% if the remuneration committee determines that exceptional
circumstances apply);
•
LTIP awards are subject to a two year retention period, during which the transfer of shares
received on vesting is restricted. The retention period may be reduced by up to 18 months at
the discretion of the remuneration committee;
•
in addition to the clawback provisions set out above, clawback may be applied where there is
a material downturn in financial performance or where the participant is found to have
contributed to circumstances giving rise to significant losses to our business; and
•
a participant will also be treated as a "Good Leaver" if they depart due to redundancy, mutual
agreement with us or if they become a "Career Retiree" as determined by the remuneration
committee.
Employee Benefit Trust ("EBT")
We have established the EBT, which currently holds unencumbered ordinary shares that may be
used to satisfy the incentive arrangements referred to in this Equity Incentive Plans section. The EBT is
constituted by a trust deed between us and an offshore independent professional trustee. The power to
appoint and remove the trustee rests with us. As of December 31, 2024, 1,930,957 ordinary shares were
held by our EBT.
Global Omnibus Plan
In connection with our IPO, we adopted the Marex Group plc Global Omnibus Plan ("Global
Omnibus Plan"). The Global Omnibus Plan became effective shortly prior to the completion of our IPO.
The Global Omnibus Plan provides for the grant of equity and cash-based incentive awards to our eligible
employees and non-employee directors. Non-employees (including, non-employee directors and
consultants) are eligible to be granted awards under a Non-Employee Sub-Plan to the Global Omnibus
Plan (the "Non-Employee Sub-Plan").
The material terms of the Global Omnibus Plan are summarized below. This summary is not a
complete description of all provisions of the Global Omnibus Plan and is qualified in its entirety by
reference to the Global Omnibus Plan, which is filed as an exhibit to this Annual Report.
Eligibility and Administration
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Employees and employee directors of the Company and its subsidiaries are eligible to receive
awards under the Global Omnibus Plan. The Global Omnibus Plan is administered by our remuneration
committee except with respect to awards to non-employee directors under the Non-Employee Sub-Plan
(discussed below), which are administered by the Board, each of which in turn may delegate its duties
and responsibilities (the board, remuneration committee and any authorized delegates are referred to
collectively as the "Plan Administrator"). The Plan Administrator has the authority to make all
determinations and interpretations under, prescribe all forms for use with and adopt rules for the
administration of, the Global Omnibus Plan, subject to its express terms and conditions. The Plan
Administrator also sets the terms and conditions of all awards under the Global Omnibus Plan, including
any vesting and vesting acceleration conditions.
Share Reserve and Evergreen
The aggregate number of shares reserved for issuance under the Global Omnibus Plan equals
the sum of (i) 7,081,808 shares; (ii) 142,709 shares in respect of an award to Ian Lowitt, our CEO; and (iii)
an annual increase on the first day of each calendar year beginning in 2025 and ending in and including
2034, equal to the lesser of (A) 5% of the outstanding shares on the last day of the immediately preceding
calendar year and (B) such smaller number of shares as determined by our Board (the "Share Reserve").
For the avoidance of doubt, the Board has the right to determine that no increase should be made to the
Share Reserve. The evergreen provision providing for an automatic increase in the amount of the Share
Reserve (unless otherwise determined by the Board) is intended to provide us with the continuing ability
to grant equity awards to eligible employees and employee directors for the ten-year term of the Global
Omnibus Plan and ensure that sufficient shares are within the Share Reserve to meet such awards.
The Share Reserve was increased on 1 January 2025 by the maximum amount of shares
permitted under the evergreen provision (being 5% of the outstanding shares as at 31 December 2024).
The aggregate number of shares reserved for issuance under the Share Reserve as at 1 January 2025
was 7,585,743.
Awards
The Global Omnibus Plan provides for the grant of share options, including incentive share
options ("ISOs"), conditional awards, restricted shares, share appreciation rights ("SARs") or any other
share- or cash-based awards. No determination has been made as to the types or amounts of awards
that will be granted to specific individuals pursuant to the Global Omnibus Plan. The Global Omnibus Plan
contains the ability to impose post-termination exercise restrictions applicable to participants. All awards
under the Global Omnibus Plan will be set forth in award agreements, which will detail all terms and
conditions of the awards, including any applicable vesting and payment terms and any post-termination
exercise limitations in addition to those set out in the Global Omnibus Plan. Awards other than cash
awards generally will be settled in our ordinary shares, but the Plan Administrator may provide for cash
settlement of any award. A brief description of each award type follows.
Share Options: Share options provide for the purchase of our ordinary shares in the future at an
exercise price set on the grant date. Vesting conditions determined by the Plan Administrator may apply
to share options and may include continued service, performance and/or other conditions. For U.S. tax
resident participants, ISOs may provide tax deferral beyond exercise and favorable capital gains tax
treatment if certain requirements of the Code are satisfied. The exercise price of an ISO may not be less
than 100% of the fair market value of the underlying share on the date of grant (or 110% in the case of
ISOs granted to certain significant shareholders), except with respect to certain substitute options granted
in connection with a corporate transaction.
SARs: SARs entitle their holder, upon exercise, to receive from us an amount equal to the
appreciation of the shares subject to the award between the grant date and the exercise date. The
exercise price of a SAR may not be less than 100% of the fair market value of the underlying share on the
date of grant (except with respect to certain substitute SARs granted in connection with a corporate
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transaction). Vesting conditions, which may be determined by the Plan Administrator, may apply to SARs
and may include continued service, performance and/or other conditions.
Restricted Shares: Restricted shares are non-transferable ordinary shares that remain forfeitable
unless and until specified conditions are met. Participants may or may not be required to acquire their
restricted shares for a set purchase price. Conditions applicable to restricted shares may be based on
continuing service, the attainment of performance goals and/or such other conditions as the Plan
Administrator may determine. Holders of restricted shares generally have all of the rights of a shareholder
upon the issuance of restricted shares. Notwithstanding the foregoing, unless otherwise determined by
the remuneration committee, the holder of a restricted share will be required to waive their right to all
dividends on their restricted shares until vesting. Holders of restricted shares will also be required to enter
into certain tax elections (such as Section 431 or 83(b) elections) if required by the remuneration
committee.
Conditional Awards: Conditional awards are contractual promises to deliver ordinary shares in the
future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the
ordinary shares underlying conditional awards may be deferred under the terms of the award. Conditions
applicable to conditional awards may be based on continuing service, the attainment of performance
goals and/or such other conditions as the Plan Administrator may determine. Conditional award holders
have no rights of a shareholder with respect to ordinary shares subject to conditional awards unless and
until such ordinary shares are delivered in settlement. In the sole discretion of the Plan Administrator,
conditional awards may also be settled for an amount of cash on the maturity date of the conditional
award, or a combination of cash and ordinary shares.
Other Share-or Cash-Based Awards: Other share-or cash-based awards are awards of cash, fully
vested ordinary shares and other awards denominated in, linked to, or derived from our ordinary shares
or value metrics related to our ordinary shares. Other share-or cash-based awards may be granted to
participants and may also be available as a payment form in the settlement of other awards, as
standalone payments and as payment in lieu of base salary, bonus, fees or other cash compensation
otherwise payable to any individual who is eligible to receive awards. Conditions applicable to other share
or cash-based awards may be based on continuing service, the attainment of performance goals and/or
such other conditions as the Plan Administrator may determine.
Dividend Equivalents: Dividend equivalents represent the right to receive a benefit determined by
reference to the value of dividends paid on ordinary shares and may be granted alone or in tandem with
awards, including share options and SARs. Dividend equivalents may be settled in cash, ordinary shares
or additional awards, delivered at such time as may be determined by the remuneration committee. The
remuneration committee shall decide the basis on which the value of such dividends shall be calculated,
which may assume the reinvestment of dividends.
Vesting
Vesting conditions determined by the Plan Administrator may apply to each award and may
include continued service, performance and/or other conditions. Vesting conditions will be set out in
individual award agreements.
IFPR
As the IFPR Rules apply to our business, awards made to "material risk takers" will comply with
these requirements. The relevant award agreements will contain vesting conditions, and the Global
Omnibus Plan will include a post-vesting holding period that can be imposed for "material risk takers," in
each case, that comply with the IFPR Rules.
Corporate Events and Adjustments of Awards
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The Plan Administrator has broad discretion to take action under the Global Omnibus Plan, as
well as make adjustments to the terms and conditions of existing and future awards, to prevent the
dilution or enlargement of intended benefits and facilitate necessary or desirable changes in the event of
certain transactions and events affecting our ordinary shares, such as changes of control,
reorganizations, variations in share capital, demergers, special dividends and other corporate
transactions. In the event of a "change in control" of the Company, which is not an internal reorganization
or merger and unless otherwise restricted by tax, legal or regulatory considerations or the Plan
Administrator, all unvested awards are expected to become vested. In addition, in the event of
transactions where the Plan Administrator determines that such transactions are internal reconstructions
or reorganizations, the Plan Administrator may treat all awards as surrendered in consideration for the
grant of new substantially equivalent awards. The Plan Administrator may also make amendments to the
Share Reserve and/or outstanding awards in the event of a variation of share capital, demerger, special
dividend or other similar events or transactions. Individual award agreements may provide for additional
accelerated vesting and payment provisions.
Other Key Terms
Sub-Plans: The Plan Administrator may modify award terms, establish sub-plans and/or adjust
other terms and conditions of awards, subject to the Share Reserve described above (such Share
Reserve shall only be amended by the Board), in order to facilitate grants of awards subject to the laws of
countries outside of the United Kingdom. All awards will be subject to the provisions of the Global
Omnibus Plan and/or any clawback policy implemented by us.
Transferability: With limited exceptions, awards under the Global Omnibus Plan are generally
non-transferable and exercisable only by the participant.
Tax: Each participant will be responsible for all taxes, social security contributions and other
liabilities arising in respect of their award. To the extent a participant has not otherwise discharged any
taxes that may arise in respect of their award, the participant will be required to indemnify and hold us
harmless against any such tax. We may demand such amounts under the indemnity, withhold such
amounts from payments to the participant (including, from salary, bonus or any other payments of any
kind otherwise due to the participant) or make such other arrangements as are determined appropriate
with respect to the collection of any such amount (including, selling or withholding ordinary shares).
Plan Amendment and Termination
The Board may amend or terminate the Global Omnibus Plan at any time; however, shareholder
approval will be required for any amendment to the extent necessary to comply with applicable laws. No
awards may be granted pursuant to the Global Omnibus Plan after the tenth anniversary of the earlier of
(i) the date on which our Board adopts the Global Omnibus Plan; and (ii) the date on which our
shareholders approve the Global Omnibus Plan.
Non-Employee Sub-Plan to the Global Omnibus Plan
Together with the Global Omnibus Plan, we have adopted the Non-Employee Sub-Plan, pursuant
to the authority of our Board under the Global Omnibus Plan, which became effective shortly prior to the
completion of our IPO.
The Non-Employee Sub-Plan is to be read as a continuation of the Global Omnibus Plan. In the
event of any conflict between the provisions of the Non-Employee Sub-Plan and the Global Omnibus
Plan, the provisions set out in the Non-Employee Sub-Plan prevail. A portion of the fees payable to the
non-employee directors, delivered in the form of conditional awards are granted pursuant to the Non-
Employee Sub-Plan of the Global Omnibus Plan.
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UK Sharesave Sub-Plan
Together with the Global Omnibus Plan and the Non-Employee Sub-Plan, we have adopted the
UK Sharesave Sub-Plan to the Global Omnibus Plan (the "UK Sharesave Sub-Plan"), pursuant to the
authority of our Board under the Global Omnibus Plan, which became effective shortly prior to the
completion of our IPO.
The UK Sharesave Sub-Plan is an all-employee savings related share option plan, which has
been designed to meet the requirements of Schedule 3 of ITEPA, so that if the Board decides to operate
the UK Sharesave Sub-Plan, ordinary shares can be acquired by U.K. employees in a tax-efficient
manner.
Under the plan, qualifying employees are able to acquire options over ordinary shares on a tax-
favored basis and at a discount of up to 20% of their market value at the date of grant. To exercise these
options, participants will be required to save out of contributions from their salary under a three- or five-
year HMRC-approved savings contract. Savings contributions are subject to a statutory limit, which is
currently £500 per month. The Board has discretion to determine whether, and if so, when the UK
Sharesave Sub-Plan will operate.
As of December 31, 2024, no offerings have been made under the UK Sharesave Sub-Plan.
Eligibility; Invitations
If the Board resolves to operate the UK Sharesave Sub-Plan, invitations must be sent to all
eligible employees of a participating company and those participating company directors who are required
to work a minimum of 25 hours per week. Employees will be eligible, provided they have been employed
for any qualifying period determined by the Board, which cannot exceed five years. The Board also has
discretion to include any other employee or non-employee director of a participating company. Invitations
to apply for options may be issued by the Board at any time.
Option Price
The option price will be determined by the Board and must not be less than 80% of the market
value of an ordinary share on the invitation date as determined in accordance with Part VIII of the U.K.'s
Taxation of Chargeable Gains Act 1992 and as agreed in advance with HMRC, or, if greater (and ordinary
shares are to be subscribed), the nominal value of an ordinary share.
Savings Contract
To participate in the UK Sharesave Sub-Plan, a qualifying employee will need to enter into an
HMRC-approved savings contract of three or five years agreeing to make contributions of a fixed amount
between £5 and £500 per month (or any other maximum amount as directed by the Board under the
terms of the UK Sharesave Sub-Plan, subject to any limit permitted by the relevant legislation from time to
time) (the "Savings Contract"). Upon expiry of the Savings Contract, the employee may be entitled to
receive a tax-free bonus in addition to repayment of the savings contributions. The employee may elect to
apply the proceeds of the Savings Contract to exercise the option and acquire ordinary shares.
Alternatively, the employee may choose to withdraw the proceeds of the Savings Contract.
Grant of Options
Employees who enter into Savings Contracts will be granted options to acquire ordinary shares at
the option price using the amount saved, including any bonus or interest. Options will need to be granted
within 30 days (or 42 days if the applications are scaled down) of the first day by reference to which the
option price was set. Options are not transferable (other than on the death of a participant), assignable or
chargeable and will lapse immediately in the event of any breach of the transfer prohibition.
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Exercise of Options
Options must normally be exercised in whole or in part within six months after the completion of
the related Savings Contract, provided the participant remains a director or employee of a participating
company. Following the date of exercise, ordinary shares will need to be allotted and transferred to the
participant within 30 days.
Options may be exercised early in the event of a participant ceasing employment with us or our
subsidiaries because of death, retirement, injury, disability, redundancy, a relevant transfer under the UK's
Transfer of Undertaking (Protection of Employment) Regulations 2006 or the individual's employing
company or employing part of a business being sold out of our group. On death, options may be
exercised by the participant's personal representatives. A participant's options will normally lapse if
leaving us or our subsidiaries for any other reason.
Options may also be exercised early in the event of a voluntary winding-up of the Company. On
cessation of employment for other reasons or if a participant ceases to pay contributions under the related
savings contract, options will normally lapse.
Change of Control
Options may be exercised early if:
•
any person obtains control of the Company as a result of a general offer to acquire ordinary
shares;
•
a person (or a group of persons acting in concert) becomes bound or entitled to acquire
ordinary shares by serving a notice under sections 979-982 or 983-985 of the Companies Act;
or
•
a scheme of arrangement in connection with the acquisition of ordinary shares is sanctioned
pursuant to section 899 of the Companies Act.
Options may be exercised within six months of the event. In the event of a reorganization or
merger, where the shareholders of the acquiring company are substantially the same as the Company
shareholders immediately before the change of control, no options will be exercisable but will be
exchanged for equivalent rights.
Rights Attaching to Shares and Transferability
Shares allotted or transferred under the UK Sharesave Plan will rank alongside shares of the
same class then in issue. Options are not transferable (except on death) and are not pensionable
benefits.
Variation of Capital
In the event of a variation in the equity share capital of the Company including a capitalization or
rights issue, sub-division, consolidation or reduction, the Board may adjust the number of ordinary shares
subject to the option and the option price, provided that the total option price and total market value of the
ordinary shares under option must remain substantially the same. The Board shall give notice to the
option holders as soon as reasonably practicable after making such adjustments.
Alterations
The UK Sharesave Plan may at any time be altered by the Board in any respect. However,
shareholder approval will be required for any amendment to the extent necessary to comply with
applicable laws (except for minor amendments to benefit the administration of the UK Sharesave Plan, to
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take account of a change in legislation or to obtain or maintain favorable tax, exchange control or
regulatory treatment for option holders or for a participating company).
New Awards
In connection with our IPO, we granted, pursuant to the Global Omnibus Plan (i) conditional share
awards in respect of 1,133,336 ordinary shares in connection with the deferral of a portion of the annual
bonuses to be paid to employees for the financial year ended December 31, 2023, of which awards in
respect of an aggregate of 580,554 shares were granted to our executive officers, (ii) conditional shares
in respect of 684,173 ordinary shares in connection with retention awards to certain key employees, of
which awards in respect of an aggregate of 63,157 shares were granted to our executive officers
("RLTIP"), (iii) conditional share awards in respect of 234,960 ordinary shares in connection with an IPO
employee share award program for our current employees in good standing (other than those employees
receiving retention awards pursuant to the foregoing clause (ii)), which awards were based on such
employees' years of service with us and (iv) conditional share awards in respect of 240,613 ordinary
shares were granted to our executive officers in connection with annual incentive awards for 2023 ("2023
LTI Awards") (which were adopted on substantially the same terms as the LTIP described above), in each
case based on the IPO price of $19.00 per ordinary share. The retention awards will vest on the third
anniversary of the grant date, subject to the achievement of certain pre-established performance targets
and the employee's continued service through such date (provided that employees who incur an earlier
qualifying termination will remain eligible to earn the award on the original vesting date). The employee
share awards will vest on the third anniversary of the grant date, subject to the employee's continued
service through such date (or earlier qualifying termination), subject to the terms of the Global Omnibus
Plan and the applicable award agreement in respect of vesting.
Non-Employee Sub-Plan
In November 2024 we also granted, pursuant to the Non-Employee Sub-Plan of our Global
Omnibus Plan, a conditional share awards in respect of 50,520 ordinary shares in connection with the
annual fixed award over ordinary shares of the Non-Executive Directors for 2024 ("2024 NED Awards").
The NED awards will vest on the first anniversary of their grant date, and are subject to Non-Employee
Sub-Plan terms of the Global Omnibus Plan, but are not subject to performance conditions or to any post
vesting sale restrictions.
Employee Share Purchase Plan
In connection with our IPO, we adopted the Marex Group plc Employee Share Purchase Plan
(the "ESPP"). The ESPP is designed to allow our eligible employees to purchase ordinary shares, at
periodic intervals, with their accumulated payroll deductions. The ESPP consists of two components: a
Section 423 component, which is intended to qualify under Section 423 of the Code, and a non-Section
423 component, which need not qualify under Section 423 of the Code. The material terms of the ESPP
are summarized below. This summary is not a complete description of all provisions of the ESPP and is
qualified in its entirety by reference to the ESPP, which is filed as an exhibit to this Annual Report.
Shares Available; Administration
The aggregate number of ordinary shares reserved for issuance under the ESPP equals to the
sum of (i) 708,180 ordinary shares and (ii) an annual increase on the first day of each calendar year
beginning in 2025 and ending in and including 2034 equal to the lesser of (A) 1% of the outstanding
shares on the last day of the immediately preceding calendar year and (B) such smaller number of shares
as determined by our Board; provided that in no event will more than 7,081,800 ordinary shares be
available for issuance under the Section 423 component of the ESPP. Our Board or the remuneration
committee has the authority to interpret the terms of the ESPP and determine eligibility of participants.
The remuneration committee is currently the administrator of the ESPP.
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Eligibility
The plan administrator may designate certain of our subsidiaries as participating "designated
subsidiaries" in the ESPP and may change these designations from time to time. We expect that our
employees, other than employees who, immediately after the grant of a right to purchase ordinary shares
under the ESPP, would own (directly or through attribution) shares possessing 5% or more of the total
combined voting power or value of all classes of our shares and other securities, will be eligible to
participate in the ESPP. However, consistent with Section 423 of the Code as applicable, the plan
administrator may provide that other groups of employees, including, without limitation, those customarily
employed by us for twenty hours per week or less or five months or less in any calendar year, will not be
eligible to participate in the ESPP.
Grant of Rights
The Section 423 component of the ESPP is intended to qualify under Section 423 of the Code,
and shares will be offered under the ESPP during offering periods. The length of the offering periods
under the ESPP will be determined by the plan administrator and may be up to 27 months long.
Employee payroll deductions will be used to purchase shares on each purchase date during an offering
period. The purchase dates for each offering period will be the final trading day in each purchase period.
Offering periods under the ESPP will commence when determined by the plan administrator. The plan
administrator may, in its discretion, modify the terms of future offering periods. No offering periods have
commenced under the ESPP at the time of this Annual Report.
The ESPP permits participants to purchase shares through payroll deductions of up to a
percentage of their eligible compensation, which includes a participant's gross base compensation for
services to us. The plan administrator will establish a maximum number of shares that may be purchased
by a participant during any offering period, which, in the absence of a contrary designation, will be equal
to 20,000 shares. In addition, under the Section 423 component, no employee is permitted to accrue the
right to purchase shares under the ESPP at a rate in excess of $25,000 worth of shares during any
calendar year during which such a purchase right is outstanding (based on the fair market value per share
of our ordinary shares as of the first trading day of the offering period).
On the first trading day of each offering period, each participant will automatically be granted an
option to purchase shares. The option will expire at the end of the applicable offering period and will be
exercised on each purchase date during such offering period to the extent of the payroll deductions
accumulated during the offering period. The purchase price will be the lower of 85% of the fair market
value of a share on the first day of an offering period in which a participant is enrolled or 85% of the fair
market value of a share on the purchase date, which will occur on the last day of each purchase period.
Participants may voluntarily end their participation in the ESPP prior to the end of the applicable offering
period, and will be paid their accrued payroll deductions that have not yet been used to purchase shares.
Unless a participant has previously canceled their participation in the ESPP before the purchase
date, the participant will be deemed to have exercised their option in full as of each purchase date. Upon
exercise, the participant will purchase the number of whole shares that their accumulated payroll
deductions will buy at the option purchase price, subject to the participation limitations listed above.
Participation will end automatically upon a participant's termination of employment.
A participant is not permitted to transfer rights granted under the ESPP other than by will, the laws
of descent and distribution or as otherwise provided under the ESPP.
Certain Transactions
In the event of certain transactions or events affecting our shares, such as any share dividend or
other distribution, reorganization, merger, consolidation or other corporate transaction, the plan
administrator will make equitable adjustments to the ESPP and outstanding rights. In addition, in the
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event of the foregoing transactions or events or certain significant transactions, the plan administrator
may provide for (i) either the replacement of outstanding rights with other rights or property or termination
of outstanding rights in exchange for cash, (ii) the assumption or substitution of outstanding rights by the
successor or survivor corporation or parent or subsidiary thereof, if any, (iii) the adjustment in the number
and type of shares subject to outstanding rights, (iv) the use of participants' accumulated payroll
deductions to purchase shares on a new purchase date prior to the next scheduled purchase date and
termination of any rights under ongoing offering periods or (v) the termination of all outstanding rights.
Plan Amendment
The plan administrator may amend, suspend or terminate the ESPP at any time. However,
shareholder approval will be obtained for any amendment to the ESPP that increases the aggregate
number or changes the type of shares that may be sold pursuant to rights under the ESPP, changes the
corporations or classes of corporations whose employees may participate in the ESPP or as may
otherwise be required pursuant to Section 423 of the Code or other applicable law.
Insurance and Indemnification
Our Articles of Association provide that, subject to certain limitations, we may indemnify our
directors and executive officers to the maximum extent allowed under applicable law against any losses
or liabilities that they may sustain or incur in or about the execution of their duties including liability
incurred in defending any proceedings whether civil or criminal in which judgment is given in their favor or
in which they are acquitted.
Insofar as indemnification of liabilities arising under the Securities Act may be permitted to
executive officers and directors or persons controlling us pursuant to the foregoing provisions, we have
been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.
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This report has been prepared in accordance with the provisions of the UK Companies
Act 2006
and Schedule 8 of The Large and Medium-sized Companies and Groups (Accounts and Reports)
Regulations 2008 (as amended from time to time).
Annual Statement by the Chair of the Remuneration Committee
Dear shareholder,
On behalf of the Remuneration Committee (the "Committee"), I am pleased to present the
Remuneration Report for the year ended December 31, 2024.
This Remuneration Report is the Company's first since its listing on the Nasdaq stock exchange
on April 25, 2024. It is also my first Remuneration Report since I have had the privilege of acting as Chair
of the Committee.
This report sets out the Directors' Remuneration Policy for Executive and Non-Executive
Directors (on pages
123 to 150
). In accordance with UK legal requirements (which apply by virtue of the
Company being incorporated in the UK), the Company is required to seek approval for the Director's
Remuneration Policy from shareholders at its annual meeting of shareholders, to be held on May
28,2025.
Introduction:
2024 has been a transformational year for the Company with the listing on Nasdaq in April 2024.
This achievement was a significant one for the leadership team and has been reflected in the
remuneration awarded to our Executive Directors for the year. During 2024, the Executive Directors
focused on delivering against financial as well as strategic performance measures. When considering the
bonus outcomes for the Executive Directors and the Group as a whole, the Committee has taken into
account the financial performance of the Group and the broader shareholder experience during the year.
Share price performance has been extremely positive and is reflected in the quantum awarded to the
Executive Directors.
Achieving listing was also a busy time for the Committee. We undertook to assess the Company's
legacy incentive arrangements that had been implemented over an extended period to reflect the impact
of the IPO. The IPO also gave the Committee the opportunity to refresh and standardize incentive
opportunities available to reward employees across the Group. As part of this exercise, we developed the
Global Omnibus Plan.
I am personally very pleased that the Committee was able to support the one-off All Employee
Share Award following the IPO. This award has created the opportunity for all our employees to contribute
to and share in the future success of Marex. The Committee also approved management's request to
grant a Retention LTIP to 55 employees from across the Company. The participating employees have
been identified as having an important part to play in the success of the Company over the three years
from listing.
Further details of these awards are included in this Report. The Committee will continue to assess
all incentive arrangements and will consider any future management requests to provide incentives to
drive and reward excellent performance for the Company and its shareholders.
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The IPO also afforded the Committee the opportunity to change the way NEDs are rewarded.
From June 1, 2024, NEDs receive an inclusive base fee for being members of the Board and any
applicable committees. The CEO also approved the introduction of a NED annual share award as part of
the fixed fees. This step is a further one in an ongoing effort to align the interests of our Board with our
Shareholders. The first set of these annual awards was formally granted in November 2024.
At the December 3, 2024 meeting of the Committee, we assessed the expected share usage
required for 2025. As a means of facilitating the Committee's ability to support incentive arrangements,
the Committee made the decision to apply the full 5% Evergreen increase allowable under the Global
Omnibus Plan, raising the reserve to 7.6m shares from January 2025. The Committee believes that this
decision will provide needed flexibility in the Company's approach to future share award settlements.
Executive Director remuneration - Outcome for 2024
The annual bonus for 2024 was assessed against two measures: Adjusted Profit Before Tax
("PBT") (60% weight in bonus calculation) and Executive Director performance against certain important
strategic objectives (40% weight in bonus calculation).
For 2024, the target PBT was set by reference to the budget forecast reviewed and approved by
the Board in Q1 of 2024. As more fully described on page 93 Marex achieved Adjusted PBT of $321m,
exceeding the maximum performance anticipated at the start of the year by $41m. This performance
accomplishment results in full vesting of this component of the annual bonus.
The Committee also reviewed each Executive Director's performance against a range of strategic
objectives, which had a weighting of 40% of the maximum bonus available. The bonus outcomes for the
attainment of these key strategic achievements range between 38% and 35% of the maximum 40% for
the Executive Directors. Further detail on these objectives is provided in the Assessment of performance
against strategic measures section.
The overall bonus outcomes for the Executive Directors for 2024 was 98% of the maximum
bonus potential for the CEO and 95% of the maximum bonus potential for the CFO. This result is
consistent with the exceptional performance in revenue and profitability, positive share price performance
during the year as well as a continued focus on delivering the strategic plan and enhancing value for our
shareholders.
In addition to the Annual Bonus, the Committee also rewarded the Executive Directors with a
Long Term Incentive Plan award (the "LTIP") under the Global Omnibus Plan. As more fully described at
page
124
, the LTIP will vest in three years based on the assessment of performance against performance
targets and is subject to a post vesting two year sale restriction on net shares. 60% of annual variable
compensation is awarded to the Executive Directors in equity, clearly aligning the interests of the
Executive Directors with those of our shareholders.
In light of the Group's overall strong performance across 2024 as well as the shareholder context
set out above, the Committee was comfortable that the formulaic outcome for the annual bonus was fair
and appropriate. As a result, no adjustments were made and no discretion was exercised in relation to the
outcome of either incentive.
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Oversight for Employee Remuneration
In accordance with the Company's overarching Remuneration Policy, the Committee has
oversight for reward for the wider employee group. The Committee continues to oversee the assessment
of the Material Risk Takers ('MRTs') in accordance with requirements under the Investment Firms
Prudential Regime ("IFPR"), reviews the annual bonus and salary pool and its allocation across Control &
Support employees and approves the bonuses awarded to and all salary changes for all MRTs. The
Committee has an unwavering commitment to ensuring all employees and their managers are held
accountable against conduct and behaviour standards that reflect the Company's core values: Respect,
Personal Integrity, Collaborative, Developing our People and Adaptable.
2025 Executive Director policy
Certain entities within the Group are subject to additional regulatory requirements that affect the
remuneration arrangements for Directors. As a result, in addition to the Directors' Remuneration Policy
contained in this Annual Report, the Company has also established a separate remuneration policy which
is applicable to the Directors in their capacity as "Material Risk Takers" for entities within the Group under
IFPR (the "IFPR Remuneration Policy"). The Directors' Remuneration Policy has been designed in
compliance with these regulatory requirements.
In developing the Executive Director policy for 2025, the Committee reviewed the Executive
Director base salary levels against appropriate benchmarks in the US and UK. There will be no change to
the base salary for the CEO and a modest increase to the base salary for the CFO broadly in line with the
average base increase for Control and Support employees for 2025. The Committee also decided to
increase the maximum bonus potential to six times base salary for the CEO and two and a half times
base salary for the CFO.
As both the Executive Directors have 60% of variable pay awarded in equity, the Committee felt it
was appropriate to increase their annual bonus potential and reduce their Long Term Incentive. In
addition, to ensure close alignment with shareholder interests, the Committee has decided to change the
weighting of bonus metrics. From January 1, 2025, 75% of the maximum bonus potential will be assessed
against two financial measures and 25% will be assessed against strategic measures, with a specific
focus on risk management and culture embodied by tone from the top. The Committee considers that it is
appropriate for the Executive Directors' annual bonuses to be closely aligned with delivering exceptional
financial performance with appropriate attention on key strategic matters such as mitigating risk across
the Company and instilling and furthering our core values consistently throughout the year.
Other Matters:
In December, one of our Non Executive Directors, Madelyn Antoncic, resigned from her role at
the Company. Madelyn has received all contractual payments in accordance with her service agreement
and continues to hold a share award in the Company. This award will vest at the same time as the share
awards held by continuing Non-Executive Directors. Further details are set out on page
144.
What to Expect in 2025
As we look towards 2025, the Committee is focused on ensuring that all employees are rewarded
fairly for their contribution to the future success of Marex. The Committee will be working with the
Executive Directors on other initiatives to foster a collegiate and supportive environment for all our
employees. These initiatives include rolling out a qualifying Sharesave Scheme in the UK and Employee
Share Purchase Plan in the US and other locations to give all employees access to investing in our
Company. We will also assist the Company in its review of the comprehensive benefits terms and policies
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that attract and retain the best talent, as well as support employees in developing their careers and
contributing to the success of our Company.
Conclusion
We hope you will support our Directors' Remuneration Policy and Directors' Remuneration Report
for 2024 at our Annual General Meeting.  We strongly believe that this policy closely aligns the interests of
our Directors with our Shareholders and will continue to deliver appropriate reward for exceptional results.
We do monitor shareholder views on executive remuneration and would welcome any feedback on
remuneration at Marex.
On behalf of the Committee, we are grateful for your support for this Directors' Remuneration
Report for 2024 and wish you all the best for 2025.
Linda Myers
Chair of the Remuneration Committee
March 5, 2025
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Directors' Remuneration Policy
This Remuneration Policy will apply with effect from May 28, 2025, being the date on which
shareholders are asked to approve the policy at the 2025 AGM (the "Effective Date").
Executive Directors
Executive Directors' Remuneration Policy table
The Company currently has two Executive Directors. The following table sets out the policy in
respect of the components of remuneration which Executive Directors currently receive. Any newly
appointed Executive Director would also be eligible to receive these components of remuneration.
Element,
purpose and
link to strategy
Operation
Maximum opportunity
Performance measures
Base salary
Element of
fixed pay that
reflects the
individual's
role, position,
experience
and
contribution to
the Group
Base salaries are paid in cash and typically
reviewed annually, with any changes normally
taking effect from January 1. Out-of-cycle reviews
may be conducted if considered appropriate by the
Committee.
Base salaries are typically set with reference to
comparator groups consisting of peers in the global
financial services sector and wider industry.
The Committee has the flexibility to set the salary of
a new hire at a discount to the market and to realign
it in subsequent years as the individual gains
experience in the role. In exceptional
circumstances, the Committee may agree to pay
above market levels to secure or retain an individual
who is considered by the Committee to possess
significant and relevant experience that is critical to
the delivery of the business strategy.
There is no prescribed
maximum, annual increases
will normally be made with
reference to wider business
performance, economic
indicators, and increases
made to the wider workforce.
Higher increases may be
made, for example, where
there have been significant
changes in the responsibility
in a role, to recognise
experience, where there are
large variances to the
market, in the case of a new
Executive Director appointed
on a salary below the market
rate, or where there is a
significant change in the
relationship of the Company
relative to a peer group.
Not applicable.
Pension
To provide a
market
competitive
level of
retirement
provision
Mandatory retirement provision required by law (or
similar) in the jurisdiction in which the Executive
Director is resident will be provided.
Pension provision is provided in the form of
a defined contribution (DC) pension.
Any mandatory retirement
provision required by law (or
similar) in the jurisdiction in
which the Executive Director
is resident will be provided.
Currently Executive Directors
are entitled to an employer
pension contribution of 6% of
base salary up to a base of
£123,600.
Any changes to pension
provision or opportunity to
elect for a cash allowance
instead of a pension
contribution will be aligned to
the pension provision
available to all other
qualifying employees.
Not applicable.
Benefits
To provide a
market
competitive
level of
benefits
Benefits that are currently provided include private
medical, life insurance and income protection. The
Committee can provide additional benefits it deems
reasonable.
There is no defined
maximum. Benefits are set at
what are in the Committee's
opinion reasonable taking
into account wider Company
policy, market practice and
individual circumstances. The
Committee regularly reviews
benefit costs to ensure they
are appropriate and
affordable.
Not applicable.
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Element,
purpose and
link to strategy
Operation
Maximum opportunity
Performance measures
Annual bonus
To motivate
employees
and incentivize
delivery of
annual
performance
targets
Annual bonuses may be paid partly in cash and
partly in deferred equity pursuant to the Company's
Deferred Bonus Programme (DBP) under the
Global Omnibus Plan. The Committee will have
regard to relevant regulatory requirements when
determining the form and length of any deferral
arrangements. Performance targets are normally
set at the beginning of the performance period and
are assessed at the end of the financial period.
The Committee has discretion to adjust the
formulaic outcome upwards or downwards
to ensure outcomes reflect overarching Company
performance and/or management contribution. Any
adjustment made using this discretion will be
explained.
Malus and clawback apply. Refer to the notes to the
policy table.
Awards are still outstanding under legacy deferred
bonus plans. Refer to the notes to the policy table
The maximum annual bonus
that may be awarded will be
600% of salary. The
maximum opportunity for
each year will be advised to
the CEO and CFO at the
beginning of the performance
year.
Performance measures may
include both business and
individual performance and
may include a combination of
financial and non-financial
measures. The majority of
the bonus will be linked to
financial performance.
Detail on performance
measures and the associated
rationale for their selection
will be disclosed in the
relevant annual report.
The Committee has
discretion to amend
performance measures and
targets after they have been
set if events occur that the
Committee considers mean
that the original performance
measures and/or targets are
no longer a fair test of
performance
Equity
incentives
To motivate
and incentivize
delivery of
sustained,
long-term
performance
and to align
participants'
interests to
that of
shareholders
Allows for grants of equity incentive awards under
the Global Omnibus Plan. Executive Directors are
eligible to participate in equity incentive
programmes that are implemented under the
Global Omnibus Plan from time to time  Equity
awards are typically made in the form of
performance shares under the Long-term Incentive
Plan (LTIP) linked to Group performance over a
three-year performance period.
Both the Executive Directors participate
in an annual LTIP and the CFO has been awarded
a one-off retention long term incentive plan award
(RLTIP) granted in connection with the IPO.
The Committee may deem it appropriate to deliver
LTIP awards in other forms or using alternative
vehicles under the Global Omnibus Plan. These
vehicles may include, but are not limited to, share
options, restricted shares, restricted stock units,
performance shares, performance share units,
phantom stock, and/or any other equity-based or
cash-based LTI instruments as may be considered
appropriate from time to time. When determining
award values and the form of vehicle used, the
Committee will consider the certainty of value
associated with the relevant delivery vehicle and
have due regard for the overall limits in the policy
Under the LTIP and RLTIP, the Committee has
discretion to allow participants to receive dividend
equivalents in relation to the period between grant
and vesting in respect of awards that vest.
The Committee has discretion to adjust the
formulaic outcome upwards or downwards
to ensure outcomes reflect overarching Company
performance and/or management contribution. Any
adjustment made using this discretion will be
explained.
Malus and clawback apply. Refer to the notes to the
policy table.
The CEO has an outstanding award under a legacy
annual long term incentive. Refer to the notes to
the policy table.
The maximum annual long-
term incentive award that
may be awarded for each
year is up to 200% of Base
Salary with the actual level of
awarded determined each
year. Typically, under the
LTIP, 50% of the maximum
award typically vests for
achieving threshold
performance, increasing on a
graduated scale to 100% of
the maximum opportunity
vesting for achieving
maximum performance. For
exceptional performance, the
number of shares receivable
will increase by 15% (i.e. up
to 230% of salary if a 200%
of base salary grant is made
and if the pre-set exceptional
performance target for the
three year performance
period has been met.
The Committee selects
performance measures that
support the Company's long-
term strategic priorities,
provide a direct link with
shareholder value and
ensure a clear line of sight for
participants between
performance and reward.
Detail on performance
measures and the associated
rationale for their selection
will be disclosed in the
relevant annual report.
The Committee has
discretion to amend
performance measures and
targets after they have been
set if events occur that the
Committee considers mean
that the original performance
measures and/or targets are
no longer a fair test of
performance.
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Notes to the Executive Director Policy Table
Malus and Clawback
Annual bonus and DBP awards
The Committee will be able to reduce bonus payments if it determines that the outturn does not
accurately reflect the broader financial situation of the Company. Malus and clawback will apply for five
years from payment / the grant of a DBP award, for:
•
financial misstatement or calculation error;
•
misconduct, misbehavior or material error;
•
failure of risk management;
•
material downturn in financial performance, contribution to circumstances giving rise to significant
losses, failures of fitness and propriety; and
•
reputational damage, corporate failure.
Bonuses and DBP awards may be subject to clawback beyond the fifth anniversary of the grant
date to the extent required by the Securities and Exchange Commission (SEC) and Nasdaq rules in the
event of certain financial misstatements.
Equity incentives including LTIP awards
Malus and clawback provisions may vary depending on the terms of individual awards but the
Global Omnibus Plan allows for malus or clawback to be applied in the following circumstances for five
years from the grant of an equity incentive award:
•
financial misstatement or calculation error;
•
misconduct, misbehavior or material error;
•
contribution to circumstances that give rise to significant losses to the Company;
•
breach of codes of conduct or failure to meet standards of fitness and conduct;
•
significant impact on the reputation of the Company;
•
and serious financial downturn, corporate failure or a failure of risk management.
Equity incentive awards may be subject to clawback beyond the fifth anniversary of the grant date to the
extent required by the SEC and Nasdaq rules in the event of certain financial misstatements.
Legacy Deferred Bonus Plan
Executive Directors are also set to receive further vestings under the 'legacy' deferred bonus plan
that was operated in 2023. Deferred share awards vest over three years on the first, second and third
anniversary of the date of grant. No further awards will be granted under the legacy deferred bonus plan.
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The third and final tranche of the 2021 deferred annual bonus plan vested on March 6, 2025. The
second tranche of the 2022 deferred annual bonus is due to vest on May 4, 2025. No further awards will
be granted under the legacy deferred bonus plans.
Legacy Annual Long Term Incentive Plan
In addition to the awards granted under the Global Omnibus Plan, the CEO continues to hold a
share award that was granted prior to the IPO under the Company's previous annual long term incentive
plan (Legacy Annual LTIP). The Legacy Annual LTIP has been superseded by the Global Omnibus Plan
but the award will still vest in accordance with its terms. No further awards will be granted under the
Legacy Annual LTIP.
The CEO's Legacy Annual LTIP award will vest on the later of September 6, 2026, the date on
which the performance condition is assessed and the date on which the audited accounts of the Company
for FY25 are released.
Performance measures for the CEO's Legacy Annual LTIP award consist of the achievement of
an average ROE hurdle of 12% and an adjusted profit before tax target.
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Other matters
In addition to the above, the Company is entitled to honour any contractual entitlement to
remuneration or benefits, and any cash or equity incentive awards, which is or are held by: (i) any current
or former Executive Director on the Effective Date of this policy; or (ii) an employee or officer of the Group
on the date they are promoted to the role of Executive Director, including the vesting of the legacy equity
incentive awards referred to above. Appropriate disclosure will be made of any remuneration paid (or
similar) to an Executive Director pursuant to any such arrangements.
The Company may reimburse all reasonable expenses incurred by an Executive Director in
connection with their role. This may include expenses in attending Board or Board-committee meetings,
or the Company may alternatively provide a travel allowance for such purpose. This may also include
items which, for tax purposes, are treated as a taxable benefit, and in which case the Company may also
pay any such tax on behalf of the Executive Director.
External Non-Executive appointments
Prior to accepting any position on the board of directors of any organisation, whether for-profit or
not-for-profit, current directors should notify the Chair of the Board and the Company Secretary. The Chair
of the Board and the Company Secretary shall review the proposed board membership to ensure
compliance with applicable laws and policies, including the Company's conflict of interest policies. Absent
the prior approval of the Board, members of the Board are not permitted to serve on the board of directors
or similar governing body of other financial services organisations. Any fees received are retained by the
Executive Director.
Difference between Executive pay and pay of other employees
The key difference between the remuneration policy for Executive Directors and the remuneration
policy for other employees is the long-term performance aspect applicable to Executive Director
remuneration. A greater proportion of Executive Director's remuneration is deferred and delivered in the
form of Company shares. Executive Director remuneration also includes various retention periods (the
period depending on the type of award) and post-employment shareholding requirements that do not
apply to the majority of other employees.
Committee Discretion
The Committee operates under the powers it has been delegated by the Board. The Committee
operates Marex's incentive plans in accordance with the relevant plan rules and applicable legislation
where relevant. The plan rules provide the Committee with a number of discretions to ensure effective
operation of the plans. These discretions are consistent with standard market practice and include (but
are not limited to) the following:
•
determining participation in incentive plans and the timing and quantum of grants of awards and/or
payments; the choice of (and adjustment of) performance measures and targets and determining
the extent of vesting based on the assessment of performance; determining whether and to what
extent dividend equivalents should apply to awards; and determining whether (and if so, to what
extent) malus and clawback shall be applied to any award;
•
overriding formulaic annual bonus outcomes and LTIP/RLTIP vesting outcomes;
•
making appropriate adjustments required in certain circumstances, for instance for changes in
capital structure (or any similar corporate event);
128
•
determining the application of retention periods;
•
determining "good leaver" status for incentive plan purposes and applying the appropriate
treatment; and
undertaking the annual review of weighting of performance measures and setting targets for the annual
bonus plan and LTIP awards from year to year.
Service contracts
The Executive Directors are employed on permanent contracts, terminable by either party on one
year's notice. The Company may require the Executive Director to be on garden leave during all or any
part of the period of notice (whether given by the Executive Director or the Company).
The Executive Directors' service contracts are available for inspection at the Company's
registered office during normal hours of business, and will also be available at the Company's AGM until
the close of the meeting.
Internal promotions
In the event that an employee of the Group is promoted to the role of Executive Director, the
Company will be permitted to honour the terms of the employee's existing employment agreement.
External Recruitment
The Company's policy is that any new agreement with a newly appointed Executive Director
would generally comply with the following principles:
Notice period
T
he notice period would be 12 months in the case of notice being given by both the
Company and the Executive Director. An Executive Director may be placed on garden leave
during the notice period.
Payment in
lieu of notice
("PILON")
The contract may include provision for the contract to be terminated summarily by paying a
PILON
comprising basic salary and pension for the remainder of the notice period. PILON
will not apply on termination for misconduct. The Company will have discretion to pay on a
phased basis, subject to mitigation.
Retirement
benefits
The service contract may include entitlement to retirements benefits, subject to the
provisions and limits set out in this Remuneration Policy. The entitlement to retirement
benefits may continue during any notice period.
Benefits
The service contract may include entitlement to other benefits, subject to the provisions and
limits set out in this Remuneration Policy. The entitlement to other benefits may continue
during any notice period.
Cash and
Equity
incentive
plans
The Executive Director will be eligible to be considered (at the Committee's discretion) to
participate in the Company's annual bonus arrangements and long term incentive
arrangements (whether cash or equity based). Participation in such arrangements will be
subject to the provisions and limits set out in this Remuneration Policy.
New service contracts will also take account of any local law requirements.
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Approach to recruitment remuneration
In recruiting an Executive Director, including on promotion of an employee or officer from within
the Group to the role of Executive Director, the Committee will offer the recruit a remuneration package
that it believes is appropriate, taking into account the skills and experience of the individual and the need
to recruit, retain and motivate individuals of the appropriate calibre.
The remuneration package offered may include the components of remuneration described
above in the Executive Directors' Remuneration Policy table.
For external hires, the Committee may determine that it would be appropriate to buy-out any
existing incentive awards held by the individual that are forfeited as a result of the individual leaving their
former employer. The Committee may also determine that it would be appropriate to grant recruitment-
related awards. In the case of any buy-out of an equity based award, or the grant of any recruitment-
related award, the award would normally be granted as an equity based award (but may instead be
granted as a cash award), subject to such vesting and/or performance conditions as the Committee
determines to be appropriate, either under a one-off arrangement or under the terms of the Global
Omnibus Plan. In determining the terms of such awards, the Committee will take into account the value,
vesting schedule and conditions attached to the forfeited awards (in the case of buy-out awards), but also
other factors that it determines to be relevant, including the need to suitably incentivise and retain the
individual during the initial years of their office.
The maximum level of variable remuneration that may be granted to any new Executive Director
will be set in line with the Directors' Remuneration Policy table. For the avoidance of doubt, the value of
any buy-out or recruitment-related award shall not be included within this maximum.
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Loss of office payments
Contractual entitlements
A departing Executive Directors' rights in respect of salary, retirement benefits and contractual
benefits will be determined in accordance with their service contract (see above).
Incentive plans
The terms of a departing Executive Directors' participation in any annual bonus or long term
incentive plans will be governed by the terms of such arrangements and the terms of the Global Omnibus
Plan. The treatment of incentive awards in these scenarios is also subject to the Company's obligations
under the MIFIDPRU Remuneration Code, as set out in the Company's IFPR Remuneration Policy.
Annual Bonus – The service contracts do not oblige the Company to pay an annual bonus to
Executive Directors and bonuses are awarded at the Committee's discretion. Payment of any bonus is
conditional upon the Executive Director being in employment and not under notice at the payment date,
except in certain "Good Leaver" circumstances. Where the director is deemed to be a "Good Leaver",
they may still remain eligible to receive a pro-rata annual bonus for the year of their departure, at the
Committee's discretion. Good Leaver reasons are: (i) death; (ii) injury or disability; (iii) sale of the
employing business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career
Retiree"; and (vii) any other reason as may be determined by the Committee.
Deferred Bonus Programme – Under the DBP, any unvested tranches of an award will lapse if a
participant leaves, other than as a "Good Leaver".
Awards will remain capable of vesting on their normal vesting dates if the participant departs due
to a Good Leaver reason, being: (i) death; (ii) ill-health, injury or disability; (iii) sale of the employing
business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career Retiree"; and (vii)
any other reason as may be determined by the Committee.
Annual LTIP – Under the Annual LTIP, unvested awards will lapse to the following extent if a
participant ceases employment:
•
in full on the participant ceasing employment prior to the first anniversary of grant;
•
as to 67% on the participant ceasing employment after the first anniversary of grant but before the
second anniversary of grant; and
•
as to 33% on the participant ceasing employment after the second anniversary of grant but before
the third anniversary of grant.
However, unvested awards will remain capable of vesting on their normal vesting date if a
participant leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of
the employing business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career
Retiree"; and (vii) any other reason as may be determined by the Committee.
The vesting of any award will remain subject to the achievement of the applicable performance
conditions. The extent to which an award vests shall be reduced to reflect the time elapsed from the grant
date to the date of cessation or date of notice, unless the Committee determines otherwise.
Any remaining portion of an award may still lapse if the Executive Director were to subsequently
become a "Bad Leaver".
131
Retention LTIP – Under the RLTIP, unvested awards will lapse in full if a participant leaves.
However, unvested awards will remain capable of vesting on their normal vesting date if a participant
leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of the
employing business or company; and (iv) any other reason as may be determined by the Committee.
The vesting of any award will remain subject to the achievement of the applicable performance
conditions. The extent to which an award vests shall be reduced to reflect the time elapsed from the grant
date to the date of cessation or date of notice, unless the Committee determines otherwise.
Any remaining portion of an award may still lapse if the Executive Director were to subsequently
become a "Bad Leaver".
132
Legacy Annual LTIP – Under the Legacy Annual LTIP, the CEO's award will lapse to the following
extent if he ceases employment:
•
as to 67% on ceasing employment after September 6 ,2024 but before September 6, 2025; and
•
as to 33% on ceasing employment on or after September 6, 2025 but before September 6, 2026
(being the third anniversary of grant).
However, the CEO's unvested award will remain capable of vesting on its normal vesting date if
the CEO leaves for a "Good Leaver" reason, being (i) death; (ii) ill-health, injury or disability; (iii) sale of
the employing business or company; (iv) redundancy; (v) mutual agreement; (vi) the participant becoming
a "Career Retiree" and (vii) any other reason as may be determined by the Committee.
The vesting of the CEO's award will remain subject to the achievement of the applicable
performance conditions. The extent to which his award vests shall be reduced to reflect the time elapsed
from the grant date to the date of cessation or date of notice, unless the Committee determines otherwise.
Any remaining portion of an award may still lapse if the CEO were to subsequently become a
"Bad Leaver".
Legacy Deferred Bonus Plans – Under the Legacy Deferred Bonus Plan, any unvested tranches
of an award will lapse if a participant leaves, other than as a "Good Leaver".
Awards will remain capable of vesting on their normal vesting dates if a participant leaves due to
a Good Leaver reason, being: (i) death; (ii) ill-health, injury or disability; (iii) sale of the employing
business or company; (iv) redundancy; (v) mutual agreement; (vi) becoming a "Career Retiree"; and (vii)
any other reason as may be determined by the Committee.
Other
The Company may enter into new contractual arrangements with a departing Executive Director
in connection with their cessation of office or employment, including (but not limited to) in respect of
settlement of claims, confidentiality, restrictive covenants and/or consultancy arrangements, where the
Committee determines it necessary or appropriate to do so. The Company may pay reasonable legal fees
on behalf of an Executive Director in connection with their cessation of office and employment. The
Company may agree to provide other ancillary or non-material benefits, payments or similar to a
departing Executive Director.
Corporate actions
The treatment of incentive awards in the event of a corporate action affecting the Company will be
determined in accordance with the terms of such awards and the terms of the Global Omnibus Plan. The
treatment of incentive awards in these scenarios is
also subject to the Company's obligations
under the MIFIDPRU Remuneration Code, as set out in the Company's IFPR Remuneration Policy.
Awards granted under the DBP, LTIP, Retention LTIP and Legacy Annual LTIP, and awards
granted in 2023 under the Legacy Deferred Bonus Plan will not vest early on a corporate action but will
remain capable of vesting on the normal vesting date (subject to any discretionary adjustment by the
Committee to reflect the corporate action). For the LTIP, Retention LTIP and Legacy Annual LTIP, the
extent to which awards vest will continue to be subject to the applicable performance conditions.
133
Non-Executive Directors
Non-Executive Directors' Remuneration table
Element
Operation
Maximum Opportunity
Performanc
e Measures
Fees
To attract and retain
high-calibre Non-
Executive Directors
Fees will typically consist of a basic fee
for Non-Executive Director
responsibilities plus incremental fees for
additional roles/responsibilities such as
membership and chairmanship of Board
committees and the Senior Independent
Non-Executive Director role.
The Non-Executive Directors receive a
portion of their fees in cash and a portion
in the form of an award of additional
shares (see Equity Awards section).
The Non-Executive Directors do not
receive any pension from the Company,
nor do they participate in any
performance-related incentive plans.
There is no prescribed
maximum. The fee levels
are reviewed on an
annual basis and may be
increased by the Group
taking into account
factors such as wider
economic conditions, the
time commitment of the
role, and market levels
in comparable
companies.
Not
applicable.
Benefits
To reimburse Directors
for reasonable
expenses incurred
Non-Executive Directors may receive
travel, accommodation and other
business-related expenses incurred in
carrying out their duties. Non-Executive
Directors are entitled to receive officers'
liability insurance.
Other reasonable benefits may be
provided to Non-Executive Directors at
the discretion of the Committee.
No formal maximum
Not
applicable
Equity Awards
To attract and retain
high-calibre Non-
Executive Directors.
For public companies
listed in the United
States, equity-based
remuneration is a
standard component of
Non-Executive Director
remuneration
As part of their fees, Non-Executive
Directors are eligible to receive an annual
fixed award over ordinary shares in the
Company pursuant to the Non-employee
Sub-Plan of the Global Omnibus Plan.
Any shares awarded will not be subject to
performance conditions.
Awards vest on a daily basis over a 12
month period and are not subject to any
post vesting sale restrictions.
No formal maximum
Not
applicable
Notes to the Non-Executive Director policy table
In addition to the above, the Company is entitled to honour any contractual entitlement to
remuneration or benefits, and any cash or equity incentive awards, which are held by any current or
former Non-Executive Director on the Effective Date of this policy. Appropriate disclosure will be made of
any remuneration paid (or similar) to a Non-Executive Director pursuant to any such arrangements.
The Company may reimburse all reasonable expenses incurred by a Non-Executive Director in
connection with their role. This will include expenses in attending Board or Board-committee meetings, or
the Company may alternatively provide a travel allowance for such purpose. This may also include items
which, for tax purposes, are treated as a taxable benefit, and in which case the Company may also pay
any such tax on behalf of the Non-Executive Director.
134
Terms of appointment and terms on termination of office
Current Non-Executive Directors
Details of the letters of appointment currently in place for the Non-Executive Directors are as
follows:
Date of letter of appointment
Unexpired term at AGM
Robert Pickering
6/5/2024
2 years
Linda Myers
6/5/2024
2 years
Sarah Ing
6/5/2024
2 years
Konstantin Graf von Schweinitz
6/5/2024
2 years
John Pietrowicz
6/5/2024
2 years
Henry Richards
6/14/2024
2 years
Roger Nagioff
6/14/2024
2 years
Each of the letters of appointment provide for a three month notice period (from either the
Company or the individual). Non-Executive Directors will be entitled to any outstanding fees (including a
pro-rata portion of their equity award) and reimbursed expenses owed to them prior to the date of
termination. The letters do not otherwise include any provision for benefits upon a termination of service.
All Non-Executive Director letters of appointment are available for inspection at the Company's
registered office during normal hours of business, and will also be available at the Company's AGM until
the close of the meeting.
New Non-Executive Directors
The Company's policy is that any letter of appointment for any newly elected Non-Executive
Director will include an entitlement to fees, notice and an equity award in line with the policy above.
Approach to recruitment remuneration
When recruiting Non-Executive Directors, the remuneration arrangements offered will be in line
with those set out in the policy above.
Application of this policy for Executive Directors in the year ending December 31, 2025
Total remuneration for each Executive Director for a minimum, target, maximum and maximum
plus 50% share price growth over the vesting period for the LTIP is presented in the charts below.
The 'Minimum' scenario shows fixed remuneration only, i.e. salary, pension and benefits. The
'Target' scenario shows fixed remuneration plus on target payout under the annual bonus and LTIP. The
'Maximum' scenario shows fixed remuneration plus maximum payout under annual bonus and LTIP
(including full vesting of the stretch element of the annual LTIP). For simplicity, the charts exclude
dividend accrual, and exclude the effect of any share price movement except in the 'Maximum +50%'
scenario. For the 'Maximum plus 50%' scenario, all elements are the same as for the maximum scenario,
but assuming 50% share price growth across the vesting period for LTIP awards.
135
CEO
g
Fixed Remuneration
g
Annual Bonus
g
LTIP
14%
20%
16%
69%
67%
74%
100%
17%
12%
11%
CFO
g
Fixed Remuneration
g
Annual Bonus
g
LTIP
100%
25%
21%
18%
32%
29%
38%
43%
50%
44%
For purposes of the above charts, benefits figures are illustrative based on 2024 figures.
Specific statements
Statement of consideration of employment conditions elsewhere in the Group
Policy on Directors' Remuneration compared with employees generally
The Committee is consulted and has general oversight of pay policies below Board level,
including but not limited to the determination of the size and affordability of the annual discretionary bonus
pool and the setting of the salary pool each year. These policies are taken into account when setting the
Directors' Remuneration Policy. As a general rule, the same principles are applied to Directors' fixed
remuneration, pension contributions in the relevant location and benefits as are applied to employees
throughout the Group. The Company seeks to pay all employees a competitive level of fixed remuneration
based on their experience and the requirements of the role.Pension and benefits are provided to all
employees reflecting local practices in all jurisdictions where we operate.
The Company operates multiple bonus arrangements for different categories of employee,
consisting of: a discretionary bonus pool scheme; a formulaic bonus pool/discretionary allocation scheme;
and formulaic allocation cash bonus schemes. Brokers' and other revenue linked bonus schemes are
described below and may operate on a quarterly, bi-annual or annual basis; all other bonuses are
generally discretionary annual bonuses. In addition to such periodic schemes, Marex may from time to
time operate ad hoc exceptional bonus schemes in connection with specific projects or exceptional
events. All employees including Material Risk Takers are eligible to participate in these bonus schemes, at
the discretion of the Committee.
The Company operates a mandatory bonus deferral plan for all employees identified as Material
Risk Takers. Other senior employees may also be identified as a participant in the annual Company
Deferral plan. Deferral is made in conditional shares subject to a three year vesting period and a six
136
month post vesting sales restriction. Deferred bonus awards are subject to malus and clawback in line
with the Executive Directors.
Throughout the annual discretionary bonus review cycle, the assessment of individual conduct,
behaviour and performance is a top priority with all employees participating in the annual performance
review process, including ratings being reviewed by the Management Committee during the annual
calibration process. The Chief Risk Officer together with the Heads of Compliance, Human Resources,
Risk and Internal Audit form the Conduct Review Panel through which they identify any employee where
their conduct or behaviour has fallen below acceptable levels and may lead to a bonus reduction
accordingly. Through these processes, they review year-end bonus outcomes to ensure these are
appropriate taking into account any risk events or breaches that have occurred during the year. Subject to
the discretion of the Executive Directors and the Committee for regulated staff, variable pay awards may
be risk-adjusted or held pending a formal investigation to ensure reward is clearly linked to performance,
behaviour and conduct.
137
Remuneration Policies for Brokers and other Revenue Producers
Broker and other revenue producers variable pay is based on the principle that their remuneration
is directly linked to financial performance, generally at a desk/team level, and is calculated in accordance
with agreed terms set out in contracts of employment. These calculations take into account the fixed costs
of the Brokers; variable remuneration payments are therefore based on the profits that the Brokers
generate for the business together with an assessment of individual performance including conduct and
behaviours. Typically, Brokers receive a fixed salary/draw paid regularly throughout the year, with a
significant portion of variable remuneration dependent on their revenue performance and conduct.
Brokers also participate in benefit and pension arrangements applicable more broadly to other employees
in the location where they are employed.
Remuneration Policies for Control & Support Employees - including Material Risk Takers
Variable remuneration for Control & Support employees will be paid only if it is sustainable
according to the financial situation of the Company as a whole, and justified on the basis of the
performance of the Company, the business unit and the individual concerned. Decisions on actual bonus
awards are made independent of the performance of the business areas they support. Control and
Support employees do not report directly to revenue producers. All Heads of Control & Support functions
have been designated as MRTs. Their remuneration is reviewed by the relevant Remuneration Committee
as part of the annual review of MRT pay.
Statement of consideration of shareholder views
The Company is committed to shareholder dialogue and takes an active interest in voting
outcomes. The Committee consulted extensively with the major shareholders when introducing the Global
Omnibus Plan as part of the IPO process, and has continued to consult with our major shareholder in
relation to the incentive arrangements for Executive Directors as outlined in this Remuneration Policy. The
Committee will also consider shareholder feedback received in relation to the Directors' Remuneration
Report following the AGM. This, plus any additional feedback received from time to time, will then be
considered as part of the Committee's annual review of the Remuneration Policy and its implementation.
The Committee may make minor changes to this policy that do not have a material advantage to
directors without seeking shareholder approval.
Executive Directors
Single total figure of remuneration for each Executive Director
The amount earned by each of the Executive Directors for the year ended 31 December 2024 is
set out in the table below:
Name
Salary
Benefits
Pension
Benefits
Annual
Bonus
LTIP
Other
Total
Total fixed
remuneration
Total variable
remuneration
Ian Lowitt
$1,279,553
$19,127
$—
$5,642,827
$—
$—
$6,941,506
$1,298,680
$5,642,827
Rob Irvin
$607,787
$2,002
$9,489
$1,010,447
$—
$—
$1,629,725
$619,278
$1,010,447
Executive Directors are paid in GBP. Table reflects 2024 GBP to USD @ 1.27955.
The amount earned by each of the Executive Directors for the year ended 31 December 2023 is
set out in the table below:
138
Name
Salary
Benefits
Pension
Benefits
Annual
Bonus
LTIP
Other
Total
Total fixed
remuneration
Total variable
remuneration
Ian Lowitt
$1,242,000
$23,626
$—
$4,806,540
$—
$3,726
$6,075,892
$1,265,626
$4,810,266
Rob Irvin
1
$410.815
$1,426
$7,676
$580,014
$—
$—
$999,930
$419,916
$580,014
1. Rob Irvin joined the Board in May 2023.
Executive Directors are paid in GBP. Table reflects 2023 GBP to USD @1.242.
Details of amounts included in the single total figure for the year ended 31 December 2024
Benefits
The following benefits were available to the Executive Directors during the year ended 31
December 2024:
Private medical, life insurance, pension and income protection. The taxable value of all benefits
provided is included in the table above. The CFO participated in the Company pension plan. Company
contributions in to the plan are included in the table above.
Annual Bonus in respect of 2024
In 2024, the CEO and CFO were eligible for a bonus up to 450% and 150% of salary respectively.
The annual bonus was assessed by taking into account various performance measures, weighted
as to 60% on financial performance and as to 40% on strategic performance (including risk).
Assessment of performance against financial measure
Financial measure
Weighting
Threshold
(25% of max)
Target (50%
of max)
Maximum
(100% of
max)
2024
outcome
% achieved
Bonus outcome
after weighting
(% of max)
Adjusted Operating
Profit Before Tax
60%
$230m
$255m
$280m
$321m
100
100
Assessment of performance against strategic measures
Ian Lowitt
Target
Weighting
1
(% of
bonus)
Assessment
Complete successful listing on Nasdaq
10%
Successful listing accomplished in April and first secondary
offering in October was also successful. Both offerings
heavily oversubscribed as a result of extensive pre-deal
marketing by Management. Top quartile post IPO stock
price performance, at 64%.
Drive the execution of growth plans for 2025 and
beyond including overseeing the integration of
acquisitions and increasing cross selling efforts
with clients
8%
Firm has grown 29% in revenue and 39% in Operating PBT,
well ahead of competition and without material contribution
from new acquisitions in 2024.
Lead investor engagement
5%
Bluechip shareholder register with name brand funds
represented in Top Ten. 182 meetings with investors
in 2024.
139
Target
Weighting
1
(% of
bonus)
Assessment
Build an effective ESG strategy which can be
embedded throughout Marex
2%
Continued to invest in environmental business. Drove
investment in our people with the launch of Marex
Academy, invested in a new Graduate Programme,
expanded our partnership with Future Frontiers and
supported charitable fund raising in the Company through
the matching programme. Support for International
Women's Day, Multicultural months Pride, Pink October,
World Mental Health Day and Movember
Set Tone from the Top to exemplify firm-wide culture,
conduct and behaviour standards, promote positive
employee engagement and diversify our employee
base
5%
Engagement Survey results confirm satisfied employee
base with score flat to 2023 at high 78 despite significant
additional challenges in 2024. Consistently promote a "grow
firm safely" message.Regular Town Halls to deliver
message and tone from top.
Ensure Marex operates within the Board's approved
risk appetite, complies with legal and regulatory
obligations and maintains a strong control framework
and overall operational resilience
10%
Market risk well inside Board Risk Appetite and "loss days"
consistent with history. Credit risk within Appetite; limited
realised losses.
Total for Strategic Measures
38/40
1.
Expressed in percentage points summing to 40% in total, 40% being the proportion of the total bonus determined by reference to non-financial metrics.
Rob Irvin
Target
Weighting
1
(% of
bonus)
Assessment
Lead engagement with existing investors and
potential investors
5%
Delivered successful presentation at the Analyst day,
ahead of the IPO, setting out the financial building blocks
and drivers of the Company.Presented the 2Q & 3Q
financial results to the market and answered any financial
questions from analysts on the result calls
Deliver PCAOB audits for all outstanding years and
all support materials
5%
Delivered the 2023 PCAOB audit, with minimal
adjustments identified by the auditors, in a timeframe that
allowed the IPO to launch in April 2024.
Move firm towards a controls-based audit for 2026
and launch and drive a "SOX" compliance project for
2025 delivery
10%
Move firm towards a controls-based audit for 2026 and
launch and drive a "SOX" compliance project for 2025
delivery. Embedded quarterly reporting within the finance
department, including all the necessary controls, to support
external announcements to the market.
Build an effective ESG strategy which can be
embedded throughout Marex
5%
Chaired the sustainability committee and continued to drive
forward the Firm's agenda, including building out the ability
to meet our reporting requirements for 2024.
Set Tone from the Top to exemplify firm-wide culture,
conduct and behaviour standards
5%
Launched a Finance Transformation program ("Finance
25") which includes improving the connectivity and culture
in finance
Ensure Marex operates within the board's approved
risk appetite, complies with legal and regulatory
obligations and maintains a strong control framework
and overall operational resilience
10%
Built out a Group Liquidity Stress Framework. Developed a
financial reporting framework.Ensured compliance with
CASS framework.
Total for Strategic Measures
35/40
1.
Expressed in percentage points summing to 40% in total, 40% being the proportion of the total bonus determined by reference to non-financial metrics.
Up to 60% of the annual bonus was deferred into share awards granted under the DBP (which
will vest in three equal tranches over the 3-year vesting period) with the effect that bonuses were payable
as follows:
Ian Lowitt
Rob Irvin
Percentage of maximum annual bonus awarded
98
%
95
%
140
Quantum of award – total
$
5,642,816
$
1,010,445
Quantum of award – paid in cash
$
3,024,856
$
672,883
Quantum of awards – deferred into share awards
$
2,618,060
$
337,562
The level of deferral for annual bonuses was set such that, when taken together with the annual
LTIP awards granted to Executive Directors, in aggregate at least 60% of their variable remuneration was
delivered in the form of share awards.
Long Term Incentive awards
A one-off share-based long-term incentive award was granted to the CEO and other senior
employees under the legacy Marex Group 2021 Retention Long-Term Incentive Plan on 21 December
2021. Awards vest at 20% for threshold performance and 100% will vest if the performance conditions are
achieved in full, with straight-line vesting between threshold and maximum. The three-year performance
period for the awards ran from 1 January 2022 to 31 December 2024. The vesting of the legacy Retention
LTIP award is subject to the achievement of an ROE underpin (of at least 12% per annum averaged
across the performance period) and an adjusted profit after tax measure. The targets are shown in the
table below:
Financial measure
Weighting
Threshold (20% of
max)
Straight Line Apportionment
Maximum (100% of max)
Growth in Adjusted
Operating Profit After
Tax
100%
average of 5% pa
over the Performance
Period
more than 5% and less than 12%
over the Performance Period
average of 12% pa over the
Performance Period
141
Other
Prior to the Company's IPO, the CEO held various series of growth shares in the Company. As
more fully described in the Company's IPO prospectus, holders of certain "series" of these growth shares
(including the CEO) were entitled to receive an additional cash payment on IPO reflecting dividends paid
out by the Company since the growth shares were issued. This dividend entitlement was satisfied via the
issuance of additional shares to the CEO and other growth shareholders. A proportion of those shares
were then sold on behalf of the CEO, to satisfy the tax liabilities arising on such shares. The net additional
shares retained by the CEO are included within the Statement of Directors' shareholding and interests
table on page
145
.
Retirement benefits
No defined benefit or cash balance benefits were provided in the year.
Scheme interests awarded in the year ended 31 December 2024
The following equity awards were granted to Executive Directors during the year ended 31
December 2024. The equity awards were granted under the Global Omnibus Plan and in accordance with
the IFPR Remuneration Policy. The awards were granted between 17 May 2024 to 6 June 2024 over in
aggregate 268,702 shares with aggregate grant values of $5,410,481.
142
Date of grant
Type of
award
1
Form of
award
Number of
shares
subject to
award
Shares
receivable if
minimum
performance
is achieved
(%)
Face value
of award at
award date
End of period
for which
performance
targets need to
be achieved
Vesting schedule
Ian Lowitt
5 June 2024
Annual
LTIP
Performance
-based
conditional
award
99,572
20%
$
1,863,000
31 December
2026
Awards will vest in
a single tranche on
the third
anniversary of grant
(or the date on
which performance
conditions are
assessed, if later).
17 May 2024
DBP
Service-
based
conditional
award
112,564
N/A
$
2,138,724
N/A
Awards will vest in
three equal
tranches on the
first, second and
third anniversary of
grant (or the date
on which the
audited accounts
are published in
each of those years
if later).
Rob Irvin
5 June 2024
Annual
LTIP
Performance
-based
conditional
award
27,681
20%
$
517,914
31 December
2026
Awards will vest in
a single tranche on
the third
anniversary of grant
(or the date on
which performance
conditions are
assessed, if later).
6 June 2024
Retention
LTIP
Performance
-based
conditional
award
39,473
20%
$
750,000
31 December
2026
Awards will vest in
a single tranche on
the third
anniversary of grant
(or the date on
which performance
conditions are
assessed, if later).
17 May 2024
DBP
Service-
based
conditional
award
7,412
N/A
$
140,843
N/A
Awards vest in
three equal
tranches on the
first, second and
third anniversary of
grant (or the date
on which the
audited accounts
are published in
each of those years
if later).
1.
Performance Measures under the Annual LTIP and the Retention LTIP are reported on page
124
.
2.
The number of shares under award was calculated: (a) for the Annual LTIP using a share price of $18.71, being the closing market price on the dealing day prior to the day
of grant; (b) for the DBP using a share price of $19.08 (being the closing market price on the dealing day prior to the grant date); and (c) for the Retention LTIP using a share
price of $19 (being the IPO share price).
Non-Executive Directors
Single total figure of remuneration for each Non-Executive Director
The amount earned by each of the Non-Executive Directors for the year ended 31 December
2024 is set out in the table below:
Name
Base fees
1
Other fees
2
Equity awards
4
Total
Robert Pickering
$
357,208
$
—
$
26,076
$
374,629
143
Linda Myers
$
100,765
$
44,784
$
26,076
$
162,970
Sarah Ing
$
100,765
$
47,450
$
26,076
$
165,635
Konstantin Graf von Schweinitz
$
100,765
$
37,320
$
26,076
$
155,506
Roger Nagioff
$
74,599
$
—
$
26,076
$
92,019
Henry Richards
$
74,599
$
—
$
26,076
$
92,017
Madelyn Antoncic
3
$
95,876
$
26,009
$
19,680
$
135,033
John Pietrowicz
$
74,599
$
8,776
$
26,076
$
100,796
1.
Base fee moved to £85,000 from 1 June 2024 for all members other than the Chair. Chair base fee moved to £300,000 from 1 June 2024.
2.
Linda Myers receives £25,000 as Chair of the Remuneration Committee and £10,000 overseas fee allowance, Sarah Ing receives £10,000 as Senior Independent Director,
£25,000 as Chair of the Audit & Compliance Committee, Konstantin Graf von Schweinitz receives £25,000 as Chair of the Risk Committee,
Madelyn Antoncic received
£15,000
overseas fee allowance and John Pietrowicz received £10,000 overseas allowance. These figures have been converted into USD using a rate of $1.27955/£1
3.
Madelyn Antoncic resigned on 18 December 2024. Her share award remained outstanding on a time pro-rated basis relative to the normal 12 months vesting period, and the
value included in the table for Dr. Antoncic has been calculated accordingly. The amounts included in the table reflect her fees to this date. See page
144
for further details.
4.
Value of shares based on closing price on 7 November 2024 of $28.44. The actual value deliverable will be dependent on the value at vesting.
The amount earned by each of the Non-Executive Directors for the year ended 31 December
2023 is set out in the table below:
Name
Base fees
1
Other fees
2
Equity awards
Total
Robert Pickering
$
142,830
$
27,945
N/A
$
170,775
Sarah Ing
$
86,940
$
38,813
N/A
$
125,753
Konstantin Graf von Schweinitz
$
86,940
$
38,813
N/A
$
125,753
Roger Nagioff
N/A
N/A
N/A
N/A
1.
Chair base fee moved to £250,000 from 1 October 2023.
2.
Other fees reflect Committee Membership fee of £5,000 per Committee and Committee Chair Fee of £20,000.
Details of amounts included in the single total figure for the year ended 31 December 2024
Benefits
Directors and Officers liability insurance is provided to Non-Executive Directors.
Equity awards
Non-Executive Directors are entitled to receive an annual award over Company shares worth
$120,000 under the Non-Employee Sub-Plan to the Global Omnibus Plan. There are no performance
conditions attached to the award. Awards vest over a 12 month period and there is no retention period.
Upon a corporate event, awards will not vest but will remain outstanding (subject to any amendments to
the award made by the Board to reflect the occurrence of the corporate event). Malus and clawback
provisions do not apply to the awards. For 2024, the number of shares subject to award was calculated by
reference to the Company's IPO price of $19. The values included in the table represent the value of the
Shares subject to the awards on the date awards were formally granted, 8 November 2024. The actual
value deliverable will be dependent on the value at vesting.
Scheme interests awarded in the year ended 31 December 2024
The following equity awards were granted to Non-Executive Directors during the year ended
2024. The equity awards were granted under the Global Omnibus Plan. The awards were granted on 8
November 2024 over in aggregate 50,250 shares with an aggregate grant value of $960,000.
144
Date of
grant
Type of
award
Form of award
Number of
shares
subject to
award
Face value
of award at
award date
($, 000s)
Vesting schedule
Robert Pickering
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Linda Myers
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Sarah Ing
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Konstantin Graf von
Schweinitz
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Roger Nagioff
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Henry Richards
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Madelyn Antoncic
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
John Pietrowicz
11/8/2024
Annual Grant
Nil-cost
conditional share
award
6,315
$
120,000
Awards vest in a single tranche on
the first anniversary of the grant
date.
Other payments to Directors in the year ended 31 December 2024
Payments to past Directors
Madelyn Antoncic ceased to be a Non-Executive Director of the Company on 18 December 2024
(the "Termination Date") and received payment of $76,136 (being accrued fees to the Termination Date
and in respect of settlement of her entitlements for her notice period).  The share award granted to Dr.
Antoncic on 8 November 2024 under the Non-Employee Sub-Plan to the Global Omnibus Plan will remain
outstanding subject to and in accordance with its terms, on a time pro-rated basis as to 692 shares (and
the remainder of the award lapsed on the Termination Date).
No other payments were made to any past director during the year.
For completeness, as more fully described in the Company's IPO prospectus, growth shares were
converted into ordinary shares in connection with the pre-IPO re-organisation undertaken by the
Company to establish a single class of ordinary shares. This included growth shares held by certain
former Non-Executive Directors. Growth shares held by such Non-Executive Directors converted on the
same basis as for other growth shareholders, in accordance with the rights attached to such growth
shares under the Company's articles of association.
Payments for loss of office
No payments were made in connection with a director's loss of office during the year.
145
Statement of Directors' shareholding and interests
The interests of the Directors, and their connected persons (if any), in the shares, options, and
listed securities of the Company as at 31 December 2024, are set out in the table below.
Interests in
shares
excluding
outstanding
scheme
interests
Outstanding scheme interests
Total of all share
interests and
outstanding
scheme
interests
Unvested
scheme
interests (not
subject to
performance
measures)
Unvested
scheme
interests
(subject to
performance
measures)
Vested but
unexercised
scheme
interests
Total shares
subject to
outstanding
scheme
interests
Ian Lowitt
2,537,509
356,922
423,226
N/A
780,148
3,317,657
Rob Irvin
2,477
16,758
67,154
N/A
83,912
86,389
Robert Pickering
17,894
6,315
N/A
N/A
6,315
24,209
Sarah Ing
1,579
6,315
N/A
N/A
6,315
7,894
Konstantin Graf
von Schweinitz
7,893
6,315
N/A
N/A
6,315
14,208
Linda Myers
13,157
6,315
N/A
N/A
6,315
19,472
Madelyn
Antoncic
26,315
692
N/A
N/A
692
27,007
John Pietrowicz
13,157
6,315
N/A
N/A
6,315
19,472
Henry Richards
0
6,315
N/A
N/A
6,315
6,315
Roger Nagioff
0
6,315
N/A
N/A
6,315
6,315
Further details of the outstanding scheme interests are shown in the following table :
Description
Type
Vesting
dates
At
1 January
2024
1
Changes during the year
At 31
December
2024
Granted
Lapsed
Released
Ian Lowitt
Legacy Retention LTIP
Conditional
award
3/31/2025
245,811
245,811
Ian Lowitt
Legacy 2022 Annual LTIP
Conditional
award
9/27/2026
77,843
77,843
Ian Lowitt
Legacy 2023 Annual LTIP
Conditional
award
6/5/2027
99,572
99,572
Ian Lowitt
2023 DBP
Conditional
award
17/5/2025
17/5/2026
17/5/2027
112,564
112,564
Ian Lowitt
2022 Legacy Deferred Bonus
Plan
Conditional
award
04/05/202
504/05/20
26
139,420
46,473
92,947
Ian Lowitt
2021 Legacy Deferred Bonus
Plan
Conditional
award
3/31/2022
17,403
8,701
8,702
Ian Lowitt
Legacy Conditional Award
Conditional
award
4/28/2025
142,703
142,703
Rob Irvin
2022 Legacy Deferred Bonus
Plan
Conditional
award
04/05/202
504/05/20
26
14,019
4,673
9,346
Rob Irvin
2023 DBP
Conditional
award
17/5/2025
17/5/2026
17/5/2027
7,412
7,412
Rob Irvin
Legacy 2023 Annual LTIP
Conditional
award
6/5/2027
27,681
27,681
Rob Irvin
2024 Retention LTIP
Conditional
award
6/6/2027
39,473
39,473
Robert
Pickering
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
146
Sarah Ing
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
Konstantin
Graf von
Schweinitz
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
Linda Myers
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
Madelyn
Antoncic
2024 NED Awards
Conditional
award
11/8/2025
6,315
5,623
692
John
Pietrowicz
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
Henry Richards
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
Roger Nagioff
2024 NED Awards
Conditional
award
11/8/2025
6,315
6,315
1.
Restated number of shares following reverse share split on IPO
Minimum shareholding guidelines
Executive Directors are expected to build up and maintain a minimum shareholding equivalent to
300% of base salary in respect of the Chief Executive Officer and 200% of base salary in respect of the
Chief Financial Officer. The normal expectation is that this is built up over a maximum five-year period
from appointment to the Board. Details of their current holdings are set out below. It is expected that Rob
Irvin will meet the guidelines within three years.
Director
Number of eligible
shares as at 31
December 2024
1
Value of shares held
as at 31 December
2024
2
Shareholding as % of base
salary as at 31 December
2024
Shareholding
requirement (% of
salary)
Ian Lowitt
2,651,042
$
82,632,979
6458
%
300
%
Rob Irvin
11,358
$
354,029
58
%
200
%
1.
Eligible shares includes all shares owned outright and all unvested deferred bonus shares not subject to performance conditions on a notional net of tax basis.
2.
Value of shares based on share price of $31.17 as at 31 December 2024.
Comparison to company performance
Performance graph and table and comparison to CEO pay
The following shows details of the remuneration paid to the individual in the role of CEO and a
graph showing the TSR performance of the Company since listing. In future reports both disclosures will
be built up to show changes over time in accordance with the requirements of the UK Companies Act.
2024
CEO single figure of remuneration
$5.942m
Annual Bonus as a % of maximum opportunity (%)
98
%
LTIP award as a % of maximum opportunity (%)
100
%
147
Tota
l shareholder re
turn
The comparator group selected was the FTSE 250 Financial Services excluding Investment
Companies index. This comparator group was selected as the TSR performance chart is a UK regulatory
requirement and, had Marex been listed in the UK, it would be a constituent of this index.
Percentage change in remuneration of Directors and employees
The table below sets out the percentage change in base salary/fees, taxable benefits and bonus for
the each of the Directors over the past five financial years
1
.
Change in salary / NED fees
Change in benefits
Change in bonus
2023
to
2024
2022
to
2023
2021
to
2022
2020
to
2021
2019
to
2020
2023
to
2024
2022
to
2023
2021
to
2022
2020
to
2021
2019
to
2020
2023
to
2024
2022
to
2023
2021
to
2022
2020
to
2021
2019
to
2020
Ian Lowitt
—
%
33
%
(63)
%
—
%
28
%
(20)
%
7
%
(8)
%
(6)
%
(5)
%
14
%
6
%
195
%
36
%
(7)
%
Rob Irvin
2
19
%
N/A
N/A
N/A
N/A
—
%
N/A
N/A
N/A
N/A
41
%
N/A
N/A
N/A
N/A
Robert Pickering
3
103
%
38
%
—
%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Linda Myers
4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Sarah Ing
5
14
%
1
%
—
%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Konstantin Graf von Schweinitz
6
8
%
—
%
—
%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Roger Nagioff
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Henry Richards
7
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Madelyn Antoncic
8
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
John Pietrowicz
9
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Notes:
1.
As the Company has no employees other than the Executive Directors, no disclosure is required to be made under the relevant reporting regulations in relation
to employee remuneration.
2.
Rob Irvin joined the Board in May 2023. Figures for 2023 have been annualised to aid comparison.
3.
Robert Pickering joined the Board in September 2021.  Figures for 2021 have been annualised to aid comparison.
4.
Linda Myers joined the Board in January 2024.
5.
Sarah Ing joined the Board in July 2021.  Figures for 2021 have been annualised to aid comparison.
6.
Konstantin Graf von Schweinitz joined the Board in September 2021.  Figures for 2021 have been annualised to aid comparison.
7.
Henry Richards joined the Board in April 2024.
8.
Madelyn Antoncic joined the Board in January 2024.
9.
John Pietrowicz joined the Board in April 2024.
148
Pay ratio information
Year
Method
25
th
percentile
pay ratio
Total pay
and
benefits
(25
th
percentile)
Salary
component
of total pay
and
benefits
(25
th
percentile)
Median pay
ratio
Total pay
and
benefits
(50
th
percentile
Salary
component
of total pay
and
benefits
(50
th
percentile)
75
th
percentile
pay ratio
Total pay
and
benefits
(75
th
percentile)
Salary
component
of total pay
and
benefits
(75
th
percentile)
2024
A
67:1
$
102,683
$
76,773
35:1
$
200,864
$
108,761
14:1
$
381,880
$
159,943
The Committee chose to use Option A to calculate the ratio as the data was available and the
approach is considered to be the most accurate. The UK employee data was taken as at 31 December
2024; employee means anyone employed under a contract of service. A full-time equivalent total was
created for part-time employees and the remuneration of employees hired during the year was
annualised. The resulting list was then ranked to identify the individuals at the 25th, 50th and 75th
percentiles. The CEO pay ratios were then calculated based on these percentiles.
Relative importance of spend on pay
The table below shows the total pay for all of the Group's employees compared to other key
financial indicators. In future years a comparator against the previous year will also be included.
Current Year
Employee remuneration (USD m)
971.6
Distributions to shareholders (USD m)
77.1
Statement of implementation of Remuneration Policy for the year to 31 December 2025
Executive Directors
Base Salary
No change to the CEO Base Salary is being proposed. The Base Salary for the CFO has seen a
modest adjustment to reflect market benchmark and more broadly aligns the fixed pay for the CFO to
other Executive Committee members.
Executive Director
Base salary at 1
st
Jan 2024 ($)
Base salary at 1
st
Jan 2025 ($)
% change
Ian Lowitt
$
1,279,550
$
1,279,550
—
%
Rob Irvin
$
607,786
$
639,775
5
%
Benefits
No changes to benefits are expected. The Executive Directors will have access to the same
benefits as available to UK employees.
Annual bonus
The CEO and CFO will receive an annual bonus award of 600% and 250% of salary respectively.
The following table shows the performance metrics and weightings for the annual bonus in 2025.
The weighting for Financial measures has been increased to 75% for 2025 as the Committee considers
that using Financial measures will more closely align reward to delivering shareholder value. The
Committee considers that the disclosure of detailed performance targets in advance for 2025 would be
commercially sensitive and they are not, therefore, disclosed here.
149
Element
Weighting
Financial Measures
75%
Adjusted Operating PBT
37.5%
EPS
37.5%
Strategic Measures
25%
Total
100%
Equity incentive plans
The CEO and CFO will receive a target LTIP award of 100% and 125% of salary respectively.
The threshold to maximum ranges for 2025 Annual LTIP awards are set out in the table below.
Awards vest at 50% at threshold and 100% at maximum, with straight-line vesting between these points.
Vested awards are subject to a two-year holding period.
Financial measure
Weighting
Threshold (50% of max)
Straight Line Apportionment
Maximum (100% of max)
Growth in Adjusted
Operating Profit After Tax
50
%
average of 5% pa over the
Performance Period
more than 5% and less than
11% over the Performance
Period
average of 11% pa over
the Performance Period
Growth in Adjusted EPS
50
%
average of 5% pa over the
Performance Period
more than 5% and less than
10% over the Performance
Period
average of 10% pa over
the Performance Period
A further stretch performance target (requiring 13% growth in Adjusted Operating Profit After Tax
and 12% growth in Adjusted EPS) would give rise to an additional 15%of the maximum number of shares
vesting (i.e. 115% of the number of shares referred to above would vest). This is a cliff target, with no
additional vesting where performance falls between the maximum and stretch performance targets.
Retirement Benefits
No changes to retirement benefits are anticipated for 2025.
Non-Executive Directors
Fees
There are no changes to the current Base Fee level implemented on 1 June 2024.
Non-Executive Director
Base Fee
1
at 1
st
June 2024 ($)
Base Fee at 1
st
Jan 2025 ($)
% change
Robert Pickering
$
383,865
$
383,865
—
%
Linda Myers
2 3
$
108,761
$
108,761
—
%
Sarah Ing
2
$
108,761
$
108,761
—
%
Konstantin Graf von Schweinitz
2
$
108,761
$
108,761
—
%
Roger Nagioff
$
108,761
$
108,761
—
%
Henry Richards
$
108,761
$
108,761
—
%
John Pietrowicz
3
$
108,761
$
108,761
—
%
1.
F/X rate used $1.27955
2.
Chair of Committee Fee remains unchanged at $31,989
3.
Overseas Allowance Fee remains unchanged at $12,795
Equity incentive plans
Annual equity awards will be granted to Non-Executive Directors. Awards to each Non-Executive
Director will have a grant value of $120,000. Awards will vest on the first anniversary of the grant date, are
150
not subject to performance conditions and no retention period applies. The number of shares subject to
awards shall be determined by reference to the share price at the time of grant.
Benefits
There are no planned changes to the benefits provided to Non Executive Directors.
Consideration of matters relating to directors' remuneration
Remuneration Committee
The members of the Committee during the year, and their attendance at meetings of the
Committee, is set out below:
Member
Attendance
1
Linda Myers
4/4
Robert Pickering
4/4
Sarah Ing
4/4
Roger Nagioff
0/1
Henry Richards
1/1
Jeremy Isaacs CBE
3/3
Joe Cohen
3/3
1.
Roger Nagioff and Henry Richards were appointed members of the Comm
ittee on 24 April 202
4. Jeremy Isaacs and Joe Cohen resigned as directors of the Company on 24 April 2024.
The Company Secretary acts as secretary to the Committee. No Non-Executive Directors are
involved in deciding their own remuneration.
The Committee is advised by Willis Towers Watson. Willis Towers Watson was appointed by the
Company in 2024. Willis Towers Watson provided advice keeping the Committee up to date on
developments in director remuneration. The total fees paid to Willis Towers Watson in respect of service
to the Committee during the year were $302,543. Willis Towers Watson is a signatory to the
Remuneration Consultants' Code of Conduct. The Committee has reviewed the operating processes in
place at Willis Towers Watson and is satisfied that the advice it receives is independent and objective.
Willis Towers Watson provided no other services to the Company.
Statement of voting at general meeting
The Company will report on the votes cast by shareholders on the Company's Remuneration Policy
and Annual Report on Remuneration in future annual reports.
151
C.
Board
Practices
Corporate
Governance
Practices
Our Board consists of nine members. Our Board has determined that Robert Pickering, Sarah
Ing, Konstantin Graf von Schweinitz, Linda Myers and John W. Pietrowicz do not have a relationship that
would interfere with the exercise of independent judgment in carrying out the responsibilities of a director
and that each of these directors is "independent" as that term is defined under the rules of Nasdaq. There
are no family relationships among any of our directors.
The Board has adopted Corporate Governance Guidelines to assist the Board in the exercise of
its responsibilities and to serve the interests of the Company and its shareholders. The Board is
responsible for determining the strategic objectives and policies required to deliver long-term sustainable
success of the Company. The Board is accountable for the effective and prudent management of the
Group and is responsible for ensuring that the Company complies with its Company's Articles of
Association and applicable laws and regulations.
As each director is annually subject to election by shareholders in accordance with the Articles,
the Board does not believe it is in the best interests of the Company to establish term limits at this time.
Additionally, such term limits may cause the Company to lose the contribution of directors who have been
able to develop, over a period of time, increasing insight into the Company's business and therefore can
provide an increasingly significant contribution to the Board.
Board of Director
Service
Contracts
Board Committees
The Board has established an audit and compliance committee, a remuneration committee, a
nomination and corporate governance committee and a risk committee.
Audit and Compliance Committee
The audit and compliance committee, which consists of Sarah Ing, Linda Myers, John Pietrowicz
and Konstantin Graf von Schweinitz, assists the Board in overseeing our accounting and financial
reporting processes and the audits of our financial statements. Sarah Ing serves as Chair of the
committee. The audit and compliance committee consists exclusively of members of our Board who are
financially literate, and Sarah Ing is considered an "audit committee financial expert" as defined by the
SEC. Our Board has determined that Sarah Ing, Linda Myers, John Pietrowicz and Konstantin Graf von
Schweinitz each satisfies the "independence" requirements set forth in Rule 10A-3 under the Exchange
Act. The audit and compliance committee is governed by a charter, or terms of reference, that complies
with Nasdaq listing rules.
The audit and compliance committee is responsible for, among other things:
•
monitoring the integrity of our financial statements and related disclosures;
•
reviewing and discussing with management and our external auditor the adequacy of the
Company's internal financial controls;
•
the appointment, compensation, retention and oversight of any accounting firm engaged for
the purpose of preparing or issuing an audit report or performing other audit services;
•
evaluating our external auditor's objectivity and independence;
•
pre-approving the audit services and non-audit services to be provided by our external auditor
before the auditor is engaged to render such services;
152
•
establishing procedures for the receipt, retention and treatment of complaints received by the
Company regarding accounting, internal accounting controls or auditing matters, and for the
•
confidential and anonymous submission by Company employees of concerns regarding
questionable accounting or auditing matters;
•
approving or ratifying any related person transaction (as defined in our related person
transaction policy) in accordance with our related person transaction policy; and
•
reviewing our Code of Conduct.
The audit and compliance committee meets as often as one or more members of the audit and
compliance committee deem necessary, but in any event meets at least once per quarter. The audit and
compliance committee meets at least once per year with our independent accountant, without our
management being present.
Remuneration Committee
The remuneration committee, which consists of Linda Myers, Robert Pickering, Sarah Ing, Roger
Nagioff and Henry Richards, assists the Board in determining the remuneration policy and practices of the
Company for executive directors' remuneration and to design and determine the remuneration for the
Chair of the Board, executive directors and senior management. Linda Myers serves as Chair of the
committee. Under SEC and Nasdaq listing rules, there are heightened independence standards for
members of the remuneration committee, including a prohibition against the receipt of any compensation
from us other than standard director fees. Our Board has determined that Linda Myers, Robert Pickering
and Sarah Ing each satisfies the heightened independence standards under SEC and Nasdaq listing
rules.
The remuneration committee is responsible for, among other things:
•
determining the policy for remuneration of our employees;
•
determining the total individual remuneration package of our executive directors, the Chair of
the Board and material risk takers for each year;
•
approving the strategic, risk and financial measures with respect to the compensation of our
Chief Executive Officer;
•
overseeing the evaluation of our executive officers other than the Chief Executive Officer and,
after considering such evaluation, to review and set, or make recommendations to the Board
regarding the remuneration of such executive officers;
•
reviewing, approving and recommending to the Board for approval as necessary, all aspects
of our incentive plans; and
•
administering and overseeing our compliance with the compensation recovery policy.
Nomination and Corporate Governance Committee
The nomination and corporate governance committee, which consists of Robert Pickering, Sarah
Ing, Konstantin Graf von Schweinitz and Henry Richards, assists our Board in identifying individuals
qualified to become members of our Board consistent with criteria established by our Board and in
developing our corporate governance principles. Robert Pickering serves as Chair of the committee.
The nomination and corporate governance committee is responsible for, among other things:
•
identifying and recommending director candidates to the Board for approval;
153
•
reviewing our succession plans;
•
reviewing and evaluating the structure and performance of our board;
•
recommending nominees for selection to our Board's committees;
•
developing and implementing appropriate corporate governance arrangements; and
•
overseeing sustainability and ESG matters, including diversity, equity and inclusion matters.
Risk Committee
The risk committee, which consists of Konstantin Graf von Schweinitz, Sarah Ing and Roger
Nagioff, assists the Board in overseeing and providing advice to the Board on our current risk exposure
and future risk strategies. Konstantin Graf von Schweinitz serves as Chair of the risk committee.
The risk committee's responsibilities include:
•
overseeing the day-to-day risk management, internal control systems and oversight
arrangements of senior management;
•
assessing our current risk exposures, including credit/counterparty risk, market risk, liquidity
risk, combined risk, operational risk, information technology risks, including cybersecurity and
data privacy; and
•
advising the Board on risk strategy.
D.
Employees
As of December 31, 2024, we directly employed 2,340 people in the United Kingdom, Europe,
Asia and North America, of which 1,241 were front office employees. In addition, we also had a total of 85
contractors and consultants working with us as of December 31, 2024.
The number of our full-time employees (excluding contractors and consultants) by geography and
role are summarized below as of December 31, 2024, 2023 and 2022.
Year Ended December 31,
2024
2023
2022
Employees by geography
United Kingdom
...............................................................................
1,095
956
794
Europe
...............................................................................................
218
196
58
North America
..................................................................................
709
688
617
APAC
.................................................................................................
200
171
106
Other Regions
(1)
...............................................................................
118
63
15
Total
...................................................................................................
2,340
2,074
1,590
Employees by role
Front-office employees
...................................................................
1,241
1,175
858
Control and support employees
....................................................
1,099
899
732
Total
...................................................................................................
2,340
2,074
1,590
(1)
Other regions include South America and Middle East.
154
Our employees in our Paris office are represented by a Works Council. No other employees are
represented by labor unions, collective bargaining agreements or other similar agreements.
We have never experienced
labor-related
work stoppages or strikes and believe that our relations
with our employees are satisfactory.
E.
Share Ownership
For information regarding the share ownership of directors and officers, see Item 7A. "Major
Shareholders." For information as to our equity incentive plans, see Item 6B. "Compensation—Incentive
Programs."
F.
Disclosure of a Registrant's Action to Recover Erroneously Awarded Compensation
Th
e Company considered whether the restatement of previously issued financial statements
described in Note 36 requires recovery of erroneously awarded incentive-based compensation pursuant
to the Company's Policy for Recovery of Erroneously Awarded Compensation. The Company concluded
that the restatement of previously issued financial statements described in Note 36 does not impact
related performance metrics used for executive management's compensation and therefore no r
ecovery
of incentive-based compensation was required.
Item 7.
Major Shareholders and Related Party Transactions
A.
Major
Shareholders
The following table sets forth information relating to the beneficial ownership of our ordinary
shares as of March 3, 2025 by:
•
each person, or group of affiliated persons, known by us to beneficially own 5% or more of our
outstanding ordinary shares;
•
each of our executive officers and our Board of directors; and
•
all of our executive officers and our Board as a group.
The number of ordinary shares beneficially owned by each entity, person, executive officer or
Board member is determined in accordance with the rules of the SEC, and the information is not
necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial
ownership includes any shares over which the individual has sole or shared voting power or investment
power as well as any shares that the individual has the right to acquire within 60 days of December 31,
2024 through the exercise of any option, warrant or other right. Except as otherwise indicated, and
subject to applicable community property laws, the persons named in the table have sole voting and
investment power with respect to all ordinary shares held by that person.
Unless otherwise indicated below, the address for each beneficial owner listed is c/o Marex
Group plc, 155 Bishopsgate, London, EC2M 3TQ, United Kingdom.
For further information regarding material transactions between us and principal shareholders,
see Item 7.B. "Major Shareholders and Related Party Transactions—Related Party Transactions."
Name of beneficial owner
Number
%
5% or Greater Shareholders
Amphitryon Limited
(1)
.................................................................................................
14,370,304
20.44
MASP Investor Limited Partnership
(2)
.....................................................................
10,083,349
14.35
Ocean Ring Jersey Co Limited
(3)
.............................................................................
9,444,092
13.44
155
Directors and Executive Officers
(4)
Ian Lowitt
.....................................................................................................................
2,934,731
4.15
Robert Irvin
.................................................................................................................
2,477
*
Paolo Tonucci
.............................................................................................................
1,315,225
1.86
Simon van den Born
..................................................................................................
1,309,302
1.86
Thomas Texier
............................................................................................................
124,605
*
Nilesh Jethwa
.............................................................................................................
522,501
*
Robert Pickering
........................................................................................................
17,894
*
Madelyn Antoncic
(5)
...................................................................................................
26,315
*
Konstantin Graf von Schweinitz
..............................................................................
7,893
*
Sarah Ing
.....................................................................................................................
1,579
*
Linda Myers
................................................................................................................
13,157
*
Roger Nagioff
.............................................................................................................
—
*
John W. Pietrowicz
....................................................................................................
13,157
*
Henry Richards
..........................................................................................................
—
*
All executive officers and directors as a group (14 persons)
.....................
6,288,836
8.81
* less than 1%
(1)
Based solely on the Schedule 13G that was filed by Amphitryon Limited on November 14, 2024. The business address of
Amphitryon Limited, a company organized under the laws of Jersey, is 44 Esplanade, St. Helier, JE4 9WG, Jersey. Amphitryon
Limited is the record holder of the shares reported herein. JRJ Investor 1 LP is the indirect sole shareholder of Amphitryon
Limited. JRJ Investor 1 LP is indirectly controlled by JRJ Group Limited, which is controlled by Mr. Jeremy Isaacs and Mr.
Roger Nagioff. As such, they may be deemed to have or share beneficial ownership of the ordinary shares held directly by
Amphitryon Limited. All the reporting persons share voting power and dispositive power over the shares of the Company. All the
reporting persons share voting power and dispositive power over the shares of the Company.
(2)
Based solely on the Schedule 13G that was filed by MASP Investor Limited Partnership ("MASP Investor LP") on November 14,
2024. The business address of MASP Investor LP, a limited partnership established under the laws of Jersey, is 44 Esplanade,
St. Helier, JE4 9WG, Jersey. MASP Investor LP acts through its general partner Forty Two Point Two Acquisition Limited
("FTPTAL"), a company organized under the laws of the British Virgin Islands, whose business address is Little Denmark
Building, PO Box 4584, Road Town, Tortola, British Virgin Islands. FTPTAL, in its capacity as general partner of MASP Investor
LP, is the record holder of the shares reported herein. FTPTAL is indirectly wholly-owned by BXR Group Holdings Limited,
which is deemed to have beneficial ownership of the ordinary shares held directly by FTPTAL, in its capacity as general partner
of MASP Investor LP. Each aforementioned person or entity disclaims any beneficial ownership of the reported shares other
than to the extent of any pecuniary interest they may have therein, directly or indirectly. MASP Investor LP was formerly an
indirect minority shareholder of Amphitryon Limited. In May 2024, Amphitryon Limited transferred 12,981,592 ordinary shares to
MASP Investor LP, and at the same time, MASP Investor LP transferred its indirect interest in Amphitryon Limited to JRJ
Investor 1 LP, resulting in JRJ Investor 1 LP becoming a sole indirect shareholder of Amphitryon Limited. All the reporting
persons share voting power and dispositive power over the shares of the Company.
(3)
Based solely on the Schedule 13G that was filed by Ocean Ring Jersey Co Limited ("Ocean Ring") on November 14, 2024. The
business address of Ocean Ring, a company organized under the laws of Jersey, is 47 Esplanade, St. Helier, JE1 0BD, Jersey.
Ocean Ring is a wholly owned subsidiary of Ocean Trade Lux Co S.à r.l. ("Ocean Trade"), a Luxembourg company having its
registered office at 26 Boulevard Royal, L-2449 Luxembourg, which itself is owned by Trilantic Capital Partners IV (Europe)
L.P., a limited partnership registered in England and Wales, whose address is 35 Portman Square, W1H 6LR, London ("Trilantic
Europe IV") and other co-investors. The voting and investment control over the ordinary shares of the Company held by Ocean
Ring is exercised indirectly by the board of directors of Trilantic Capital Partners Management Limited ("TCPML"), a Guernsey
company, acting as general partner of Trilantic Capital Partners Associates IV (Europe) L.P. Inc ("TCPA IV Europe"), a
Guernsey partnership, acting itself as general partner of Trilantic Europe IV, which is the controlling shareholder of Ocean
Trade. The board of directors of TCPML is comprised of Vittorio Pignatti, Javier Bañon, Mark Huntley, Laurence McNairn and
Benedict Morgan. Each member of the board of directors of TCPML disclaims beneficial ownership of the ordinary shares held
by Ocean Ring, except to the extent, if any, of his pecuniary interest therein. The registered office for TCPML and TCPA IV
Europe is Floor 2, Trafalgar Court, St Peter Port, GY1 4LY, Guernsey. All the reporting persons share voting power and
dispositive power over the shares of the Company.
(4)   This includes certain ordinary share awards under a Retention Long Term Incentive Plan ("RLTIP") and a Deferred Bonus Plan
("DBP") which will vest within 60 days of March 3, 2025, as follows: Ian Lowitt 254,513; Paolo Tonucci 259,403; Simon van den
Born 174,722; Thomas Texier 45,595; Nilesh Jethwa 208,092. In accordance with a warrant agreement, 142,709 ordinary
shares will also be distributed to Ian Lowitt on the anniversary of the IPO.
156
(5)
Madelyn Antoncic resigned as a director on 18 December 2024.
The major shareholders listed above do not have voting rights with respect to their ordinary
shares that are different from the voting rights of other holders of our ordinary shares.
As a number of our shares are held in book-entry form, we are not aware of the identity of all our
shareholders. To our knowledge, as of March 3, 2025, we had two holders of record of our ordinary
shares in the United States, holding, in the aggregate 70,290,886, or 100%, of our outstanding ordinary
shares, which excludes 1,930,957 ordinary shares held by our EBT that were unallocated as of December
31, 2024.
To our knowledge, other than as provided in the table above, our other filings with the SEC and
this Annual Report, there has been no significant change in the percentage ownership held by any major
shareholder since January 1, 2022.
We are not aware of any arrangement whereby we are directly or indirectly owned or controlled
by another corporation, by any foreign government or by any other natural or legal person severally or
jointly, nor are we aware of any arrangement that may, at a subsequent date, result in a change of control
of our company.
B.
Related Party Transactions
The following is a description of related party transactions we have entered into since January 1,
2022 with any of the executive officers or members of our Board and the holders of more than 5% of our
ordinary shares.
The Shareholders' Agreement which the Company entered into on October 20, 2020 with
Amphitryon Limited, Ocean Ring Jersey Co. Limited and Ocean Trade Lux Co S.A.R.L. (referred to as
'2020 Shareholders' Agreement'), meant that the Group paid a management 2.5% of EBITDA each year
to a party associated with the ultimate parent company for services provided. This resulted in the Group
having paid $2.4m (2023: $6.1m) recorded in other expenses. As at December 31, 2024, there were no
outstanding payable balances (2023: $1.1m) recorded within trade and other payables.
Following the Company's successful initial public offering on April 25, 2024, the 2020
Shareholders' Agreement was terminated and a new Shareholders Agreement came into effect between
the Company, Amphitryon Limited, JRJ Investor 1 Limited Partnership and MASP Investor Limited
Partnership (the '2024 Shareholders Agreement'). Amongst other matters, the 2024 Shareholders'
Agreement afforded Amphitryon Limited the right to appoint up to two nominee directors to the Board of
Marex Group plc, subject to certain shareholding thresholds being met. The 2024 Shareholders
Agreement did not include the payment of any management fees.
Prior to the IPO, the Group's related parties comprised its private equity investors Ocean Ring
Jersey Co. Limited, MASP Investor Limited Partnership, and Amphitryon Limited, together with their
holding or controlling entities. Following completion of the IPO, Ocean Ring Jersey Co. Limited and MASP
Investor Limited Partnership (and their holding or controlling entities) ceased to be related parties as their
ownership fell below 20%. Amphitryon Limited and its holding or controlling entities remained related
parties post-IPO by virtue of their ownership greater than 20%, and by their board representation (as
noted above).
Amphitryon Limited and its holding or controlling entities continued to be considered related
parties following a further sale of shares in October 2024 (despite their ownership falling below 20%) due
to their Board representation. This remained the position as at December 31, 2024.
There were no other transactions during the period or assets and liabilities outstanding as at
December 31, 2024 (2023: $nil) with other related parties.
157
Shareholders' Agreement
On April 24, 2024, in connection with our IPO, we entered into a shareholders' agreement with
Amphitryon Limited, JRJ Jersey Limited as general partner of JRJ Investor 1 Limited Partnership ("JRJ
Investor 1 LP") and FTPTAL as general partner of MASP Investor LP (the "Shareholder Agreement"),
which governs certain aspects of the relationship between us and the parties thereto since the completion
of our IPO.
Director Nomination Rights
Pursuant to the terms of the Shareholder Agreement, for so long as Amphitryon Limited, JRJ
Investor 1 LP and MASP Investor LP hold in aggregate:
•
a beneficial interest in 10% or more of our issued ordinary share capital but less than 25% of
our issued ordinary share capital, Amphitryon Limited (on behalf of and at the direction of JRJ
Investor 1 LP) or JRJ Investor 1 LP shall be entitled from time to time to nominate for
appointment to our Board up to one natural person to be a non-executive director; and
•
a beneficial interest in 25% or more of our issued ordinary share capital, Amphitryon Limited
(on behalf of and at the direction of JRJ Investor 1 LP) or JRJ Investor 1 LP shall be entitled
from time to time to nominate for appointment to our Board on behalf of and at the direction of
JRJ Investor 1 LP up to two natural persons to be non-executive directors.
In addition, for so long as Amphitryon Limited or JRJ Investor 1 LP is entitled to nominate one or
more nominee directors to our Board, then Amphitryon Limited and JRJ Investor 1 LP shall have the right
to appoint two nominee directors as members of our remuneration committee and one nominee director
as a member of each other committee of our Board (other than our audit and compliance committee),
subject to the composition of the relevant committee satisfying the independence requirements under the
Nasdaq rules as applicable to us.
Consent Right
Pursuant to the terms of the Shareholder Agreement, for so long as Amphitryon Limited, JRJ
Investor 1 LP and MASP Investor LP hold in aggregate beneficial interest in 20% or more of our issued
ordinary share capital, then the prior written consent of JRJ Investor 1 LP would be required for
establishing any incentive scheme (including the adoption of any sub-plan or template award agreement)
or amending or varying the terms of an existing incentive plan or a new incentive scheme once
established, save that the prior written consent of JRJ Investor 1 LP will not be required in respect of
granting of bonuses or other awards under new or existing incentive schemes in accordance with their
terms or any amendment or variation that we consider to be immaterial or administrative or required in
order to implement any current or future regulatory requirement.
Exercise of Rights
Pursuant to the terms of the Shareholder Agreement, in the event that Amphitryon Limited and
JRJ Investor 1 LP collectively hold a beneficial interest in less than 5% of our issued ordinary share
capital, but together Amphitryon Limited, JRJ Investor 1 LP and MASP Investor LP hold in aggregate a
beneficial interest in 10% or more of our issued ordinary share capital, then the rights and obligations of
Amphitryon Limited and JRJ Investor 1 LP shall instead be rights and obligations of MASP Investor LP.
Termination
The Shareholder Agreement will terminate with immediate effect in accordance with its terms in
the event that:
•
the parties agree in writing;
158
•
Amphitryon Limited, JRJ Investor 1 LP and MASP Investor LP shall cease to hold in
aggregate a beneficial interest in 10% or more of our issued ordinary share capital; or
•
we enter into voluntary or compulsory liquidation or a winding-up process, we are placed into
administration or a receiver is appointed over all or any part of our property, undertaking or
assets, or we enter into any composition or voluntary arrangement with its creditors or
otherwise cease to exist as a consequence of a legal merger or spin off.
Registration Rights Agreement
In connection with our IPO, we entered into a Registration Rights Agreement with Amphitryon
Limited, JRJ Investor 1 LP, BXR Group Holdings Limited, Ocean Ring Jersey Co. Limited and Ocean
Trade Lux Co S.Á.R.L. (the "Registration Rights Agreement"), pursuant to which such shareholders were
granted certain demand registration rights, short-form registration rights and piggyback registration rights
in respect of any ordinary shares and related indemnification rights from us, subject to customary
restrictions and exceptions. All fees, costs and expenses of registrations, other than underwriting
discounts and commissions, are expected to be borne by us.
Company Lock-up Agreements
Our executive officers and certain other members of our management team entered into a lock-up
agreement with the Company (the "Company Lock-up Agreement"). Pursuant to the Company Lock-up
Agreement, each such shareholder agreed not to sell certain shares owned by them for a period of one
year after the date of the final prospectus from our IPO, with the exception of our Chief Executive Officer,
who is subject to a two-year lock-up period. The Company Lock-up Agreement may be waived with the
consent of our Chief Executive Officer and our remuneration committee.
Indemnification and Insurance
We have entered into deeds of indemnity with our executive officers and directors. Our amended
and restated articles of association permit us to indemnify our executive officers and directors to the
extent permitted by law. See Item 6. "Compensation Insurance and Indemnification." for a description of
these deeds of indemnity. In addition to such indemnification, we provide our executive officers and
directors with directors' and officers' liability insurance.
Related Party Transaction Policy
Our Board has adopted a written related person transaction policy, which set forth the policies
and procedures for the review and approval or ratification of related person transactions.
C.
Interests of Experts and Counsel
Not applicable.
159
Item 8.
Financial Information
A.
Consolidated Statements and Other Financial Information
Consolidated Financial Statements
See Item 18 'Financial Statements' for our consolidated financial statements and the report of our
independent registered public accounting firm.
Legal and Arbitration Proceedings
We are subject to various legal and regulatory proceedings, claims and actions. Although the
outcome of these proceedings, claims and actions cannot be predicted with certainty, we do not believe
that the outcome of any such proceedings, claims and actions would, in our management's judgment,
have a material adverse effect on our financial condition or results of operation, nor are we aware of any
material legal and regulatory proceedings, claims and actions threatened against us.
Dividend Policy
We paid dividends of $45.0 million and $63.8 million in the years ended December 31, 2023 and
2024, respectively. We did not pay dividends in the year ended December 31, 2022.
We expect to continue to pay dividends on a quarterly basis. The declaration and payment of any
future dividends will be at the discretion of our Board and will depend upon our results of operations, cash
requirements, financial condition, contractual restrictions, any future debt agreements or applicable laws
and other factors that our Board may deem relevant.
Under the laws of England and Wales, among other things, we may only pay dividends if we have
sufficient distributable reserves (on a non-consolidated basis), which are our accumulated realized profits
that have not been previously distributed or capitalized less our accumulated realized losses, so far as
such losses have not been previously written off in a reduction or reorganization of capital.
B.
Significant Changes
None.
Item 9.
The Offer and Listing
A.
Offer and Listing Details
We are listed on Nasdaq and our ordinary shares began trading on April 25, 2024 under the ticker
symbol 'MRX'. Prior to this, no public market existed for our ordinary shares.
B.
Plan of Distribution
Not applicable.
C.
Markets
Our ordinary shares are listed on Nasdaq and our ordinary shares began trading on April 25,
2024 under the ticker symbol 'MRX'.
D.
Selling Shareholders
Not applicable.
160
E.
Dilution
Not applicable.
F.
Expenses of the Issue
Not applicable.
Item 10.
Additional Information
A.
Share Capital
Not applicable.
B.
Memorandum and Articles of Association
A copy of our Articles of Association is attached as Exhibit 1.1 to this Annual Report. The
information called for by this Item is set forth in Exhibit 2.1 to this Annual Report and is incorporated by
reference into this Annual Report.
C.
Material Contracts
Except as otherwise disclosed in this Annual Report (including the Exhibits), we are not currently,
nor have we been for the past two years, party to any material contract, other than contracts entered into
in the ordinary course of business.
D.
Exchange Controls
There are no governmental laws, decrees, regulations or other legislation in the United Kingdom
that may affect the import or export of capital, including the availability of cash and cash equivalents for
use by us, or that may affect the remittance of dividends, interest, or other payments by us to non-
resident holders of our ordinary shares other than withholding tax requirements. There is no limitation
imposed by the laws of England and Wales or in the amended and restated articles of association on the
right of non-residents to hold or vote shares.
E.
Taxation
Material U.K. Tax Considerations
The following summary contains a description of the material U.K. and U.S. federal income tax
consequences of the acquisition, ownership and disposition of ordinary shares, but it does not purport to
be a comprehensive description of all the tax considerations that may be relevant to a decision to
purchase ordinary shares. The summary is based upon the tax laws of England and Wales and
regulations thereunder and on the tax laws of the United States and regulations thereunder as of the date
hereof, which are subject to change.
The following is intended as a general guide to current U.K. tax law and HM Revenue & Customs,
or HMRC, practice applying as at the date of this Annual Report (both of which are subject to change at
any time, possibly with retrospective effect) relating to the holding of ordinary shares. It does not
constitute legal or tax advice and does not purport to be a complete analysis of all U.K. tax considerations
relating to the holding of ordinary shares, or all of the circumstances in which holders of ordinary shares
may benefit from an exemption or relief from U.K. taxation. It is written on the basis that the company
does not (and will not) directly or indirectly derive 75% or more of its qualifying asset value from U.K. land,
and that the company is and remains solely resident in the United Kingdom for tax purposes and will
therefore be subject to the U.K. tax regime and not the U.S. tax regime save as set out below under "U.S.
Federal Income Taxation."
161
Except to the extent that the position of non-U.K. resident persons is expressly referred to, this
guide relates only to persons who are resident (and, in the case of individuals, domiciled or deemed
domiciled) for tax purposes solely in the United Kingdom and to whom split year treatment does not apply
and who do not have a permanent establishment, branch, agency (or equivalent) or fixed base in any
other jurisdiction with which the holding of the ordinary shares is connected, ("U.K. Holders"), who are
absolute beneficial owners of the ordinary shares (where the ordinary shares are not held through an
Individual Savings Account or a Self-Invested Personal Pension) and who hold the ordinary shares as
investments. The statements in this guide do not apply to any Holder who either directly or indirectly holds
or controls 10% or more of the company's share capital (or class thereof), voting power or profits.
This guide may not relate to certain classes of U.K. Holders, such as (but not limited to):
•
persons who are connected with the company;
•
financial institutions;
•
insurance companies;
•
charities or tax-exempt organizations;
•
collective investment schemes;
•
pension schemes;
•
market makers, intermediaries, brokers or dealers in securities;
•
persons who have (or are deemed to have) acquired their ordinary shares by virtue of an
office or employment or who are or have been officers or employees of the company or any
of its affiliates; and
•
individuals who are subject to U.K. taxation on a remittance basis or under the U.K.'s foreign
income and gains regime.
THESE PARAGRAPHS ARE A SUMMARY OF CERTAIN U.K. TAX CONSIDERATIONS AND
ARE INTENDED AS A GENERAL GUIDE ONLY. IT IS RECOMMENDED THAT ALL HOLDERS OF
ORDINARY SHARES OBTAIN ADVICE AS TO THE CONSEQUENCES OF THE ACQUISITION,
OWNERSHIP AND DISPOSAL OF THE ORDINARY SHARES IN THEIR OWN SPECIFIC
CIRCUMSTANCES FROM THEIR OWN TAX ADVISORS. IN PARTICULAR, NON-U.K. RESIDENT OR
DOMICILED PERSONS ARE ADVISED TO CONSIDER THE POTENTIAL IMPACT OF ANY RELEVANT
DOUBLE TAXATION AGREEMENTS.
Dividends
Withholding Tax
Dividends paid by the company will not be subject to any withholding or deduction for or on
account of U.K. tax.
Income Tax
An individual U.K. Holder may, depending on their particular circumstances, be subject to U.K. tax
on dividends received from the company. An individual holder of ordinary shares who is not resident for
tax purposes in the United Kingdom should not be chargeable to U.K. income tax on dividends received
from the company unless they carry on (whether solely or in partnership) a trade, profession or vocation
in the United Kingdom through a branch or agency to which the ordinary shares are attributable. There
162
are certain exceptions for trading in the United Kingdom through independent agents, such as some
brokers and investment managers.
All dividends received by an individual U.K. Holder from us or from other sources will form part of
that U.K. Holder's total income for income tax purposes and will constitute the top slice of that income. A
nil rate of income tax will apply to the first £500 of taxable dividend income received by the individual U.K.
Holder in the 2024/25 tax year (the "Nil Rate Band"). Income within the Nil Rate Band will be taken into
account in determining whether income in excess of the Nil Rate Band falls within the basic rate, higher
rate or additional rate tax bands. Dividend income in excess of the Nil Rate Band will (subject to the
availability of any income tax personal allowance) be taxed at 8.75% to the extent that the excess amount
falls within the basic rate tax band, 33.75% to the extent that the excess amount falls within the higher
rate tax band and 39.35% to the extent that the excess amount falls within the additional rate tax band.
Corporation Tax
A corporate holder of ordinary shares who is not resident for tax purposes in the United Kingdom
should not be chargeable to U.K. corporation tax on dividends received from the company unless it
carries on (whether solely or in partnership) a trade in the United Kingdom through a permanent
establishment to which the ordinary shares are attributable.
Corporate U.K. Holders should not be subject to U.K. corporation tax on any dividend received
from the company so long as the dividends qualify for exemption, which should generally be the case,
although certain conditions must be met. If the conditions for the exemption are not satisfied, or such U.K.
Holder elects for an otherwise exempt dividend to be taxable, U.K. corporation tax will be chargeable on
the amount of any dividends (currently, the main rate of corporation tax is 25%).
Chargeable Gains
A disposal or deemed disposal of ordinary shares by a U.K. Holder may, depending on the U.K.
Holder's circumstances and subject to any available exemptions or reliefs (such as the annual exemption
for individuals), give rise to a chargeable gain or an allowable loss for the purposes of U.K. capital gains
tax and corporation tax on chargeable gains.
If an individual U.K. Holder who is subject to U.K. income tax at either the higher or the additional
rate is liable to U.K. capital gains tax on the disposal of ordinary shares, the current applicable rate (for
disposals made from October 30, 2024) will be 24%. For an individual U.K. Holder who is subject to U.K.
income tax at the basic rate and liable to U.K. capital gains tax on such disposal, the current applicable
rate (for disposals made from October 30, 2024) would be 18%, save to the extent that any capital gains
when aggregated with the U.K. Holder's other taxable income and gains in the relevant tax year exceed
the unused basic rate tax band. In that case, the rate currently applicable (for disposals made from
October 30, 2024) to the excess would be 24%.
If a corporate U.K. Holder becomes liable to U.K. corporation tax on the disposal (or deemed
disposal) of ordinary shares, the main rate of U.K. corporation tax (currently 25%) would apply.
A holder of ordinary shares that is not resident for tax purposes in the United Kingdom should not
normally be liable to U.K. capital gains tax or corporation tax on chargeable gains on a disposal (or
deemed disposal) of ordinary shares unless the person is carrying on (whether solely or in partnership) a
trade, profession or vocation in the United Kingdom through a branch or agency (or, in the case of a
corporate holder of ordinary shares, a trade through a permanent establishment) to which the ordinary
shares are used in or for the purposes of such trade, profession or vocation (or, in the case of a corporate
holder of ordinary shares, used, held or acquired for the purposes of the permanent establishment).
However, an individual holder of ordinary shares who has ceased to be resident for tax purposes in the
United Kingdom for a period of less than five years and who disposes of ordinary shares during that
163
period may be liable on their return to the United Kingdom to U.K. tax on any capital gain realized (subject
to any available exemption or relief).
Stamp Duty and Stamp Duty Reserve Tax
The discussion below relates to the holders of our ordinary shares wherever resident, however it
should be noted that special rules may apply to certain persons such as market makers, brokers, dealers
or intermediaries.
Issue of Shares
There is generally no liability to stamp duty or SDRT payable on the issue of new ordinary shares
in the Company.
Transfers of Shares
An unconditional agreement to transfer ordinary shares will normally give rise to a charge to
SDRT at the rate of 0.5% of the amount or value of the consideration payable for the transfer. The
purchaser of the shares is liable for the SDRT. Transfers of ordinary shares in certificated form are
generally also subject to stamp duty at the rate of 0.5% of the amount or value of the consideration given
for the transfer (rounded up to the next £5.00). Stamp duty is normally paid by the purchaser. There is an
exemption where the consideration for a transfer is £1,000 or less and that transfer does not form part of
a larger transaction or series of transactions where the combined consideration exceeds £1,000 and this
is certified on the instrument of transfer. The charge to SDRT will be canceled or, if already paid, repaid
(generally with interest and upon claim), where a transfer instrument has been duly stamped within six
years of the charge arising (either by paying the stamp duty or by claiming an appropriate relief) or if the
instrument is otherwise exempt from stamp duty.
Transfers Into (or Between) Depositary Receipt Issuers and Clearance Services
Subject to the following, an unconditional agreement to transfer ordinary shares to, or to a
nominee or agent for, a person whose business is or includes the issue of depositary receipts or the
provision of clearance services (a "depositary receipt issuer" and a "clearance service," respectively) will
prima facie be subject to SDRT (or, where the transfer is effected by a written instrument, stamp duty) at a
higher rate of 1.5% of the amount or value of the consideration given for the transfer or, in certain
circumstances, the value of the shares (rounded up to the next multiple of £5 in the case of stamp duty)
unless (in respect of transfers to clearance services) the clearance service has made and maintained an
election under section 97A of the U.K. Finance Act 1986 (a "section 97A election"). No such charge to
stamp duty or SDRT should arise on the issuance of new ordinary shares to a depositary receipt issuer or
a clearance service.
The 1.5% U.K. stamp duty and SDRT charges should not, however, arise on a transfer of U.K.
shares to a depositary receipt issuer or to a clearance service to the extent that such transfer is an
"exempt capital-raising transfer" or an "exempt listing transfer," as defined in Finance Act 2024.
Transfers of shares from a depositary receipt issuer to a clearance service are generally outside
of the charge to U.K. stamp duty and SDRT (assuming that the clearance service has not entered into a
section 97A election) and, as such, the transfer of our ordinary shares from the depositary receipt issuer
to the nominee for DTC should not give rise to a liability to U.K. stamp duty or SDRT. It is understood that
HMRC regards the facilities of DTC as a clearance service for these purposes, and we are not aware of
any section 97A election having been made by DTC.
Any stamp duty or SDRT payable on a transfer of ordinary shares to a depositary receipt issuer or
a clearance service will in practice generally be paid by the participants in the clearance service or
depositary receipt system.
164
No stamp duty or SDRT should be required to be paid on a transfer of our ordinary shares
through the clearance service facilities of DTC, provided that no section 97A election has been made by
DTC and (in the case of stamp duty only) provided that no written instrument of transfer is entered into in
respect of the transfer.
Material U.S. Federal Income Tax Considerations
The following summary describes certain United States federal income tax considerations
generally applicable to United States Holders (as defined below) of the ordinary shares. This summary
deals only with the ordinary shares held as capital assets within the meaning of Section 1221 of the
Internal Revenue Code of 1986, as amended (the "Code"). This summary also does not address the tax
consequences that may be relevant to holders in special tax situations including, without limitation,
dealers in securities, traders that elect to use a mark-to-market method of accounting, holders that own
the ordinary shares as part of a "straddle," "hedge," "conversion transaction," or other integrated
investment, banks or other financial institutions, individual retirement accounts and other tax-deferred
accounts, insurance companies, tax-exempt organizations, United States expatriates, holders whose
functional currency is not the U.S. dollar, holders subject to alternative minimum taxes, holders that
acquired the ordinary shares in a compensatory transaction, holders subject to special tax accounting
rules as a result of any item of gross income with respect to the ordinary shares being taken into account
in an applicable financial statement, holders which are entities or arrangements treated as partnerships
for United States federal income tax purposes or holders that actually or constructively through attribution
own 10% or more of the total voting power or value of our outstanding equity.
This summary is based upon the Internal Revenue Code, applicable United States Treasury
regulations, administrative pronouncements and judicial decisions, in each case as in effect on the date
hereof, all of which are subject to change (possibly with retroactive effect). No ruling will be requested
from the Internal Revenue Service (the "IRS"), regarding the tax consequences described herein, and
there can be no assurance that the IRS will agree with the discussion set out below. This summary does
not address any United States federal tax consequences other than United States federal income tax
consequences (such as the estate and gift tax or the Medicare tax on net investment income).
As used herein, the term "United States Holder" means a beneficial owner of the ordinary shares
that is, for United States federal income tax purposes, (i) an individual who is a citizen or resident of the
United States, (ii) a corporation or other entity taxable as a corporation created or organized in or under
the laws of the United States or any state thereof or therein or the District of Columbia, (iii) an estate the
income of which is subject to United States federal income taxation regardless of its source, or (iv) a trust
(a) that is subject to the supervision of a court within the United States and the control of one or more
United States persons as described in Internal Revenue Code Section 7701(a)(30), or (b) that has a valid
election in effect under applicable United States Treasury regulations to be treated as a "United States
person."
If an entity or arrangement treated as a partnership for United States federal income tax purposes
acquires the ordinary shares, the tax treatment of a partner in the partnership generally will depend upon
the status of the partner and the activities of the partnership. Partners of a partnership considering an
investment in the ordinary shares should consult their tax advisors regarding the United States federal
income tax consequences of acquiring, owning, and disposing of the ordinary shares.
THE SUMMARY OF UNITED STATES FEDERAL INCOME TAX CONSEQUENCES SET OUT
BELOW IS FOR GENERAL INFORMATION ONLY. ALL PROSPECTIVE INVESTORS SHOULD
CONSULT THEIR TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF
ACQUIRING, OWNING AND DISPOSING OF THE ORDINARY SHARES, INCLUDING THE
APPLICABILITY AND EFFECT OF FEDERAL, STATE, LOCAL AND NON-U.S. TAX LAWS AND
POSSIBLE CHANGES IN TAX LAW.
Dividends
165
If we make any distributions, subject to the discussion below under "—Passive foreign investment
company," the amount of dividends paid to a United States Holder with respect to the ordinary shares
generally will be included in the United States Holder's gross income as ordinary income from foreign
sources to the extent paid out of our current or accumulated earnings and profits (as determined for
United States federal income tax purposes). Distributions in excess of earnings and profits will be treated
as a non-taxable return of capital to the extent of the United States Holder's tax basis in those ordinary
shares and thereafter as capital gain. However, we do not intend to calculate our earnings and profits
under United States federal income tax principles. Therefore, United States Holders should expect that a
distribution will generally be treated as a dividend even if that distribution would otherwise be treated as a
non-taxable return of capital or as capital gain under the rules described above. If distributions are paid in
foreign currency, the amount of such distribution will be equal to the U.S. dollar value of such currency,
translated at the spot rate of exchange on the date such distribution is received, regardless of whether the
payment is in fact converted into U.S. dollars at that time.
Foreign withholding tax (if any) paid on dividends on the ordinary shares at the rate applicable to
a United States Holder (taking into account any applicable income tax treaty) will, subject to limitations
and conditions, be treated as foreign income tax eligible for credit against such holder's United States
federal income tax liability or, at such holder's election, eligible for deduction in computing such holder's
United States federal taxable income. Dividends paid on the ordinary shares generally will constitute
"foreign source income" and "passive category income" for purposes of the foreign tax credit. However, if
we are a "United States-owned foreign corporation," solely for foreign tax credit purposes, a portion of the
dividends allocable to our United States source earnings and profits may be re-characterized as United
States source income. A "United States-owned foreign corporation" is any foreign corporation in which
United States persons own, directly or indirectly, 50% or more (by vote or by value) of the stock. In
general, United States-owned foreign corporations with less than 10% of earnings and profits attributable
to sources within the United States are excepted from these rules. Although we do not believe we are
treated as a "United States-owned foreign corporation," we may become one in the future. In such case, if
10% or more of our earnings and profits are attributable to sources within the United States, a portion of
the dividends paid on the ordinary shares allocable to our United States source earnings and profits will
be treated as United States source income, and, as such, the ability of a United States Holder to claim a
foreign tax credit for any foreign withholding taxes (if any) payable in respect of our dividends may be
limited.
United States Treasury regulations impose various limitations on a United States Holder's ability
to claim foreign tax credit in respect of any foreign tax imposed on a distribution on the ordinary shares.
The rules governing the treatment of foreign taxes imposed on a United States Holder and foreign tax
credits are complex, and United States Holders should consult their tax advisors regarding the availability
of a foreign tax credit or deduction in light of their particular circumstances, including their eligibility for
benefits under an applicable income tax treaty and the impact of the applicable United States Treasury
regulations.
Dividends received by certain non-corporate United States Holders (including individuals) may be
"qualified dividend income," which is taxed at the lower capital gain rate, provided that (i) either the
ordinary shares are readily tradable on an established securities market in the United States or we are
eligible for benefits under a comprehensive United States income tax treaty that includes an exchange of
information program and which the United States Treasury Department has determined is satisfactory for
these purposes (which would include the United States—United Kingdom income tax treaty), (ii) we are
neither a PFIC (as discussed below) nor treated as such with respect to the United States Holder for
either the taxable year in which the dividend is paid or the preceding taxable year, and (iii) the United
States Holder satisfies certain holding period and other requirements. In this regard, shares generally are
considered to be readily tradable on an established securities market in the United States if they are listed
on Nasdaq, as the ordinary shares are expected to be. United States Holders should consult their tax
advisors regarding the availability of the reduced tax rate on dividends paid with respect to the ordinary
166
shares. The dividends will not be eligible for the dividends received deduction available to corporations in
respect of dividends received from other United States corporations.
Disposition of Ordinary Shares
Subject to the discussion below under "—Passive foreign investment company," a United States
Holder generally will recognize capital gain or loss for United States federal income tax purposes on the
sale or other taxable disposition of the ordinary shares equal to the difference, if any, between the amount
realized and the United States Holder's tax basis in those ordinary shares. In general, capital gains
recognized by a non-corporate United States Holder, including an individual, are subject to a lower rate
under current law if such United States Holder held shares for more than one year. The deductibility of
capital losses is subject to limitations. Any such gain or loss generally will be treated as United States
source income or loss for purposes of the foreign tax credit (unless an applicable United States income
tax treaty provides otherwise). A United States Holder's initial tax basis in the ordinary shares generally
will equal the cost of such shares.
Passive Foreign Investment Company
We would be a PFIC for any taxable year if, after the application of certain look-through rules,
either: (i) 75% or more of our gross income for such year is "passive income" (as defined in the relevant
provisions of the Internal Revenue Code), or (ii) 50% or more of the value of our assets (generally
determined on the basis of a quarterly average) during such year is attributable to assets that produce or
are held for the production of passive income. For these purposes, cash and other assets readily
convertible into cash or that do or could generate passive income are categorized as passive assets, and
the value of goodwill and other unbooked intangible assets is generally taken into account. Passive
income generally includes, among other things, rents, dividends, interest, royalties, gains from the
disposition of passive assets and gains from certain commodities and securities transactions. Special
rules apply for a dealer as specifically defined under the PFIC rules. For purposes of this test, we will be
treated as owning a proportionate share of the assets and earning a proportionate share of the income of
any other corporation of which we own, directly or indirectly, at least 25% (by value) of the stock. Certain
adverse United States federal income tax consequences could apply to a United States Holder if we are
treated as a PFIC for any taxable year during which such United States Holder holds the ordinary shares.
Under the PFIC rules, if we were considered a PFIC at any time that a United States Holder holds the
ordinary shares, we would continue to be treated as a PFIC with respect to such holder's investment
unless (i) we cease to be a PFIC, and (ii) the United States Holder has made a "deemed sale" election
under the PFIC rules.
The application of the PFIC rules (including the special rules for a dealer) to a corporation in the
type of business that we are engaged in is subject to uncertainty. If we are a PFIC for any taxable year
that a United States Holder holds the ordinary shares, unless the United States Holder makes certain
elections, any gain recognized by the United States Holder on a sale or other disposition of the ordinary
shares would be allocated pro-rata over the United States Holder's holding period for the ordinary shares.
The amounts allocated to the taxable year of the sale or other disposition and to any year before we
became a PFIC would be taxed as ordinary income. The amount allocated to each other taxable year
would be subject to tax at the highest rate in effect for individuals or the highest rate in effect for
corporations, as appropriate, for that taxable year, and an interest charge would be imposed. Further, to
the extent that any distribution received by a United States Holder on the ordinary shares exceeds 125%
of the average of the annual distributions on the ordinary shares received during the preceding three
years or the United States Holder's holding period, whichever is shorter, that distribution would be subject
to taxation in the same manner as gain on the sale or other disposition of the ordinary shares if we were a
PFIC, as described above. If we are treated as a PFIC with respect to a United States Holder for any
taxable year, the United States Holder will be deemed to own equity in any of the entities in which we hold
equity that also are PFICs.
167
In certain circumstances, in lieu of being subject to the excess distribution rules discussed above,
a United States Holder may make an election to include gain on the stock of a PFIC as ordinary income
under a mark-to-market method, provided that such stock is "regularly traded" on a "qualified
exchange" (which includes Nasdaq). If a United States Holder makes an effective mark-to-market
election, such United States Holder will include in each year as ordinary income the excess of the fair
market value of the ordinary shares at the end of the year over the adjusted tax basis in the ordinary
shares, and will be entitled to deduct as an ordinary loss each year the excess of the adjusted tax basis in
the ordinary shares over their fair market value at the end of the year, to the extent of the net amount
previously included in income as a result of the mark-to-market election. A United States Holder's
adjusted tax basis in the ordinary shares will be increased by the amount of any income inclusion and
decreased by the amount of any deductions under the mark-to-market rules. Gain or loss on a sale or
exchange of the ordinary shares will be treated similarly. If a United States Holder makes a mark-to-
market election it will be effective for the taxable year for which the election is made and all subsequent
taxable years (provided that, for any subsequent taxable year in which we are not a PFIC, a United States
Holder will not include in income mark-to-market gain or loss) unless the ordinary shares are no longer
regularly traded on a qualified exchange or the IRS consents to the revocation of the election. Because a
mark-to-market election generally cannot be made for equity interests in Lower-tier PFICs, United States
Holders generally will continue to be subject to the PFIC rules with respect to their indirect interest in any
Lower-tier PFICs. As a result, distributions from, and dispositions of, Lower-tier PFICs, as well as certain
other transactions, generally will be treated as distributions or dispositions subject to the special tax rules
above, even if a mark-to-market election is made. United States Holders are urged to consult their tax
advisors about the availability and advisability of the mark-to-market election in their particular
circumstances, as well as the impact of such election on interests in any Lower-tier PFICs. If we are a
PFIC, a timely election to treat us as a qualified electing fund treatment would result in an alternative
treatment. However, we do not intend to prepare or provide the information that would enable United
States Holders to make a qualified electing fund election.
For each taxable year we are considered a PFIC, a United States Holder will be subject to annual
information reporting requirements under the PFIC rules, including the filling of IRS Form 8621. A failure
to file forms as required may toll the running of the statute of limitations in respect of each of the United
States Holder's taxable years for which such form is required to be filed.
Each United States Holder is urged to consult its own tax advisor concerning the U.S. federal
income tax consequences of holding the ordinary shares if we are a PFIC in any taxable year during its
holding period, including the desirability of making a mark-to-market election.
Information Reporting and Backup Withholding
Dividend payments and proceeds paid from the sale or other taxable disposition of the ordinary
shares may be subject to information reporting to the IRS. In addition, a United States Holder (other than
an exempt holder who establishes its exempt status if required) may be subject to backup withholding on
dividend payments and proceeds from the sale or other taxable disposition of the ordinary shares paid
within the United States or through certain U.S.-related financial intermediaries.
Backup withholding will not apply, however, to a United States Holder who furnishes a correct
taxpayer identification number, makes other required certification and otherwise complies with the
applicable requirements of the backup withholding rules. Backup withholding is not an additional tax.
Rather, any amount withheld under the backup withholding rules will be creditable or refundable against
the United States Holder's United States federal income tax liability, provided the required information is
timely furnished to the IRS.
Foreign Financial Asset Reporting
Certain United States Holders are required to report their holdings of certain foreign financial
assets, including equity of foreign entities, if the aggregate value of all of these assets exceeds certain
168
threshold amounts. The ordinary shares are expected to constitute foreign financial assets subject to
these requirements unless the ordinary shares are held in an account at certain financial institutions.
United States Holders should consult their tax advisors regarding the application of these reporting
requirements.
F.
Dividends and Paying Agents
Not applicable.
169
G.
Statement by Experts
Not applicable.
H.
Documents on Display
We are required to make certain filings with the SEC. The SEC maintains an internet website that
contains reports, proxy statements and other information about issuers, like us, that file electronically with
the SEC. The address of that site is www.sec.gov.
We also make available on our website (www.marex.com), free of charge, our annual reports on
Form 20‑F and the text of our reports on Form 6‑K, including any amendments to these reports, as well
as certain other SEC filings, as soon as reasonably practicable after they are electronically filed with or
furnished to the SEC. The information contained on our website is not incorporated by reference into this
Annual Report.
I.
Subsidiary Information
Not applicable.
J.
Annual Report to Security Holders
If we are required to provide an annual report to security holders in response to the requirements
of Form 6-K, we will submit the annual report to security holders in electronic format in accordance with
the EDGAR Filer Manual.
Item 11.
Quantitative and Qualitative Disclosures
About
Market Risk
Our activities expose us to a number of financial risks including credit risk, market risk and
liquidity risk. We manage these risks through various mitigating controls, and our approach to risk
management generally is both prudent and adaptive. Overall responsibility for risk management rests with
our Board of directors. The Board's risk appetite is articulated and controlled through various
mechanisms, including:
•
risk appetite statements applicable to each of the different categories of risk; and
•
a risk classification model which includes: credit, market, operational risk, liquidity,
compliance, strategic and business, change and portfolio risk.
Implementation of risk appetite across our businesses is overseen by our risk committee. The risk
committee sets a tolerance for each of the risk, which enables us to measure each individual category
against our strategic objectives. The tolerances range between (i) very low, (ii) low, (iii) moderate and (iv)
acceptable, with the majority set at either very low or low and two currently set at moderate.
Risk limits, underpinned by trigger limits, are set across each risk factor by the risk committee
(pursuant to its delegated authority as granted by our Board of directors) and establish the boundaries
within which our executive management team is empowered to operate. Risk limits may be refreshed as
needed to meet our changing corporate and strategic initiatives as well as emerging risks to our business.
These limits, together with our overall risk appetite, are guided by regular review of the risk registers we
have implemented across our businesses and ongoing engagement between our Board and executive
management team regarding the changing environment in which we operate and the strategic direction of
our business.
170
A risk appetite dashboard is maintained by our risk management team and reported to each of
the risk committee and the Board on a quarterly basis for discussion, with any breach of a trigger or risk
limit escalated as needed to the risk committee and/or the Board to agree the necessary steps to
remediate.
Key risk indicators are also established by our executive management team to enable us to
manage our daily operations across our businesses at a more granular level. Dedicated resources within
our Risk department control and management the exposures resulting from: (a) our own positions and (b)
the positions our clients and related exposures to their counterparties, within the risk appetite set by our
Board.
For additional information, see Note
31
to our consolidated financial statements included
elsewhere in this Annual Report.
Credit risk
The maximum credit risk exposure relating to financial assets is represented by the gross
carrying value as at the balance sheet date. Credit risk in the Group principally arises from cash and cash
equivalents deposited with third party institutions, exposures from transactions and balances with
exchanges and clearing houses, and exposures resulting from transactions and balances relating to
customers and counterparties, some of which have been granted credit lines.
The Group only makes treasury deposits with banks and financial institutions that have received
approval from the Group's Executive Credit and Risk Committee (or their authorised delegates). These
deposits are also subject to counterparty limits with respect to concentration and maturity.
The Group's exposure to customer and counterparty transactions and balances is managed
through the Group's credit policies and, where appropriate, the use of initial and variation margin credit
limits, in conjunction with position limits for all customers and counterparties. These exposures are
monitored both intraday and overnight. The limits are set by the Group's Executive Credit and
Risk Committee (or their authorised delegates) through a formalised process.
The Group has received collateral in respect of its derivative assets during the year ended
December 31, 2024 amounting to
$420.1m
(2023:
$184.5m
). Collateral was recognised in amounts due
to exchanges, clearing houses and other counterparties.
Market
risk
The Group's activities expose it to financial risks primarily generated through financial (interest
rate, equity and foreign exchange markets) and commodity market price exposures. The Group's Agency
& Execution, Market Making and Hedging and Investment Solutions businesses generate market risk as
the Group acts as principal.
Market
risk sensitivity
The Group manages market risk exposure using appropriate risk management techniques within
predefined and independently monitored parameters and limits. The Group uses a range of tools to
monitor and limit market risk exposures. These include Value-at-Risk ('VaR'), sensitivity limits and stress
testing. VaR, risk sensitivity limits and stress testing have been implemented, as appropriate, to provide
oversight and control over the Agency & Execution, Market Making and Hedging and Investment
Solutions segments and to ensure that trading is conducted within the pre-set risk appetite of the Board.
171
Value at Risk
VaR is a technique that estimates the potential losses that could occur on risk positions as a
result of movements in market rates and prices over a specified time horizon and to a given level of
confidence.
The VaR model used by the Group for the Metals, Agriculture, Energy and CSC business is
based upon the Monte Carlo simulation technique. The VaR model for the OTC FX, US Repo and the US
and EMEA Securities Financing businesses in the Agency & Execution segment and the Equity Market
Making, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta One Total Return Futures businesses
and the Volatility Performance Fund in the Market Making segment is based on the Historical Simulation
technique.
The Group validates VaR by comparing to alternative risk measures, for example, scenario
analysis and exchange initial margins as well as the back testing of calculated results against actual profit
and loss.
The Group recognises the limitations of VaR by augmenting its VaR limits with other position and
sensitivity limit structures. The Group also applies a wide range of stress testing, both on individual
portfolios and on the Group's consolidated positions.
Market risk management in the Agency & Execution segment
VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the
Capital Markets business in the Agency & Execution segment. Those parts of the Capital Markets
business within the Agency & Execution segment which exhibit market risk are the OTC FX, US Repo and
the US and EMEA Securities Financing businesses.
Market risk for the OTC FX desk is monitored and regulated through limits based on FX Delta at
the currency, tenor and overall book level and book level VaR. VaR production and monitoring for this
business started in 2024 and the VaR as at December 31, 2024 was less than
$0.5m
.
Market risk for the US Repo desk is monitored and regulated through daily limits based on DV01,
and O/N vs term activity and book level VaR.The VaR at December 31, 2024 was less than
$0.5m
(2023:
less than
$0.5m
).
Market risk for the US Securities Financing desk is monitored and regulated through daily limits
based on GMV Trigger, P&L Loss Trigger, Term Limits and book level VaR.The VaR at December 31,
2024 was less than
$0.5m
(2023: less than
$0.5m
).
Market risk for the EMEA Securities Financing desk is monitored and regulated through limits
based on FX Delta, DV01, notional and tenor level.
Market risk management in the Market Making segment
VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the
Metals, Agriculture, Energy and CSC business, with equities and businesses within Capital Markets in the
Market Making segment. Those parts of the Capital Markets business within Market Making which exhibit
market risk are the Equity Market Making desk, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta
One Total Return Futures and the Volatility Performance Fund.
For the Metals, Agriculture, Energy and CSC business, the VaR as at December 31, 2024 was
less than
$4.0m
(2023: less than
$2.5m
) and the average monthly VaR for the year ended December 31,
2024 was less than
$3.0m
(2023: less than
$2.5m
).
172
Market risk for the Equity Market Making business is systematically monitored and regulated
through limits based on net-delta at the stock, book and overall portfolio levels, with triggers in place for
monitoring gross long/short exposures. Additionally, a VaR limit is implemented to oversee and manage
the desk activities. The VaR at December 31, 2024 was less than
$0.5m
(2023: less than
$0.5m
).
Market risk for the Frontier FX desk is monitored and regulated through limits based on FX Delta
at the currency and tenor level and overall book level VaR. VaR production and monitoring for this
business started in 2024 and the VaR as at December 31, 2024 was less than
$0.5m
.
Market risk for the Interest Rate Swaps desk is systematically monitored and regulated through
limits based on PV01 at the currency, tenor and overall book level and book level VaR. VaR production
and monitoring for this business started in 2024 and the VaR as at December 31, 2024 was less than
$0.5m
.
Market risk for the US Corporate Bonds desk is monitored and regulated through limits based on
VaR, Stress, DV01 and Issuer GMV. The VaR at December 31, 2024 was less than
$0.5m
(2023: less
than
$0.5m
).
Market risk on The Delta One Total Return Futures desk, launched this year, is managed both by
risk sensitivity analysis (delta and dividend) to remain within the agreed limits. The delta and dividend
exposure of the desk at December 31, 2024 was less than
$0.5m
.
Market risk in the Volatility Performance Fund is managed both by risk sensitivity analysis and
stress testing to remain within the agreed limits. The stress exposure for the Volatility Performance Fund
as at December 31, 2024 was less than
$0.5m
(2023: less than
$0.5m
).
Market risk management in the Hedging and Investment Solutions segment
The Hedging and Investment Solutions segment offers bespoke hedging solutions in the form of
customised OTC derivatives and includes the structured notes issuance program. The market risk profile
of the business is managed via risk sensitivities according to the prevailing risk factors of issued products
and hedges. This is monitored and controlled daily on a net risk profile for each desk and supported by
additional stress concentration and scenario-based analyses. Sensitivity analysis measures the impact of
individual market factor movements on specific instruments or portfolios, including the key risks per asset
class as follows:
•
Commodity risk
•
Equity risk
•
Foreign exchange risk
•
Interest rate risk
•
Credit spread risk
•
Crypto currency risk
Risk sensitivity limits together with scenario stresses are used to manage the market risk for the
Hedging and Investment Solutions segment given the inherent complexity of its products. The products
traded within this segment gives rise to a number of different market risk exposures, commonly known as
the "greeks", e.g. delta, gamma, vega. Within each asset class, and in aggregate across the segment, the
market risks are captured, measured, monitored and limited within the risk limits agreed with the Market
Risk function.
173
The net equity market risk exposure to customised OTC derivatives, which includes structured
notes issuance, within Hedging and Investment Solutions, including hedges, using the delta measure for
the year ending December 31, 2024 was less than
$8.5m
(2023: less than
$0.5m
). Risks on other asset
classes are small.
Sensitivity measures are used to monitor the market risk positions within each risk type, and
granular risk limits are set for each desk with consideration for market liquidity, customer demand and
capital constraints among other factors.
Risk sensitivity calculations are made using a dedicated Risk Engine, whose models have been
validated. They are calculated by altering a risk factor and repricing all products to observe the profit and
loss impact of the change.
The Group issues products on cryptocurrencies, primarily Bitcoin and Ethereum. There are
residual exposures in
four
other cryptocurrencies, driven from
two
structured notes previously issued. The
exposures to cryptocurrencies are detailed in note
19
.
Foreign currency risk
The Group's policy is to minimise volatility as a result of foreign currency exposure. We monitor
net exposure in foreign currencies on a daily basis and buy or sell currency to minimise the exposure. We
also enter into hedges for material future dated non-USD commitments through the use of derivative
instruments, which may be designated as cash flow hedge relationships in accordance with the Group's
accounting policy.
The associated gains and losses on derivatives that are used to hedge GBP commitments are
recognised in other comprehensive income and will be recycled when the anticipated commitments take
place and included in the initial cost of the hedged commitments.
As at December 31, 2024, the aggregate amount of gains/(losses) under foreign exchange
forward contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated
future commitments is a loss of
$1.8m
(2023:
$2.9m
gain
). It is anticipated that these commitments will
become due monthly over the course of the next twelve months, at which time the amount deferred in
equity will be recycled to profit and loss.
As at December 31, 2024
no
ineffectiveness (2023: $
nil
) has been recognised in profit and loss
arising from the hedging of these future dated GBP commitments.
For additional information, see Note
31
to our consolidated financial statements for the year
ended December 31, 2024 included elsewhere in this Annual Report.
Interest
rate
risk
The Group is exposed to interest rate risk on cash, investments, derivatives, client balances and
bank borrowings. The main interest rate risk is derived from interest-bearing deposits in which the Group
invests surplus funds and bank borrowings, although the Group's exposure to interest rate fluctuations is
limited through the offset that exists between the bulk of its interest-bearing assets and interest-bearing
liabilities. Since the return paid on client liabilities is generally reset to prevailing market interest rates on
an overnight basis, the Group is only exposed for the time it takes to reset its investments which are held
at rates fixed for a maturity which does not exceed
three months
, with the exception of US Treasuries,
which have a maturity of up to
two years
.
The Group's risk management strategy is to reduce the volatility in the Group's interest receipts
owing to changes in the short term reference rate for the Group's short term deposits. As such,
management monitors the reference rates to ensure that any adverse changes in the reference rate does
not adversely affect the Group's earnings. During 2024, to hedge against future perceived interest rate
174
headwinds, the Group entered into a series of interest rate swaps in USD and EUR to ensure a smoother
profile of interest rate returns.
The Group has designated certain interest rate swaps as hedging
instruments and the associated gains and losses on the interest rate swaps hedging future interest cash
flows are recognised in other comprehensive income. The following table details the interest rate swap
contracts (within derivatives on the statement of financial position) that are designated in hedging
relationships
:
The Group has interest rate exposure related to the changes in the short term reference rate on
the Group's overnight deposits. The Group has entered into interest rate swap contracts to hedge the
interest rate risk arising from the deposits, which are designated as cash flow hedges.
As at December 31, 2024, the aggregate amount of gains/(losses) under foreign exchange
forward contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated
future commitments is a loss of
$24.6m
(2023: $
nil
). As at December 31, 2024
no
ineffectiveness has
been recognised in profit and loss arising from the hedging of these future dated GBP commitments
(2023: $
nil
).
The Group's exposures to interest rate risk arise from financial assets and liabilities measured at
fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates
also have an impact on the Group's net interest income. The overarching risk objective is to match the
risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes
for residual exposures.
Interest rate risk arising from financial assets and financial liabilities measured at fair value within
our trading portfolio is managed as part of the market risk management framework.
Interest rate risk arising from financial assets and financial liabilities measured at fair value within
our trading portfolio is managed as part of the market risk management framework.
The Group's approach to issued debt securities, including medium-term note programs, is to
convert fixed rate coupons to floating rates of interest to match predominantly floating interest rate
earning assets. This is typically achieved using interest rate derivatives, which are designated as fair
value hedge relationships in accordance with the Group's accounting policy. The interest rate risk of
investments is managed by approved risk limits, which consider credit quality and duration.
The Group's objective is to reduce the volatility of net interest income arising from client-driven
balances (e.g. cash deposits to meet margin requirements), which can be remunerated on a fixed or
floating (spread) basis. Interest rate exposure arises from fixed rate client interest terms, where the
corresponding assets yield a floating rate of interest at an exchange, bank account and investments. The
Group has entered into a rolling portfolio of interest rate swaps, for a portion of relevant client balances,
which are designated as fair value hedges in accordance with the Group accounting policy.
The interest rate movements are monitored for potential impact to net interest income ('NII')
continuously. The Group is sensitive to movements in short term rates, as changes to the rate will require
a rebalancing of any fixed rate exposure. The Group considers that short term rates include rates that
reference periods between overnight and three months on the basis that these are the most common
fixing periods for interest rate products. The interest rate exposure is managed using a variety of
instruments and is exposed to material changes in the short term rates as these are likely to reflect fixing
periods during which floating rate exposure is effectively fixed until the next fixing date is reached.
Analysis of recent changes to short term rates suggest that movements are usually within a
100
bps
range; this is based on a review of Fed Funds rate moves over a rolling
3
-month period between January
2022 and September 2023 and as such, the Group has considered a movement of
100
bps to be an
extreme scenario over a
3
-month period.
175
The Group has modelled the interest rate sensitivity to include the impact of rate movements on
the income earned on average investment balances offset with expenses paid on interest bearing
liabilities and debt funding. This reflects the proportion of client assets which are interest bearing and the
average balances of our debt funding. The sensitivity analysis has been determined based on the
exposure at the reporting date and does not include effects that may arise from increased margin calls at
exchanges, changes in client behaviour or related management actions.
It is estimated, that as at December 31, 2024, if the relevant short term interest rates had been
100
bps higher, NII on interest-bearing financial assets and financial liabilities for the year ended
December 31, 2024 would increase by
$17m
(2023:
$38m
). If the short-term interest rates had been
100
bps lower, NII for interest-bearing financial assets and financial liabilities for the year ended December
31, 2023 would decrease by
$17m
(2023:
$38m
). This impact relates solely to NII and does not include
the impact of compensation or taxes which would reduce the impact on profit after tax.
For additional information, see Note
31
to our consolidated financial statements included
elsewhere in this Annual Report.
Fair value hedge
At December 31, 2024, the Group had an interest rate swap and a cross currency swap
agreement in place with a notional amount of
€300m
whereby the Group receives SOFR +
6.1%
and
$327.3m
in return for
€300m
and paying fixed
8.375%
. The interest rate swap and cross currency swap
are being used to hedge the exposure to changes in the fair value of the fixed rate
8.375%
senior debt
issuance.
At December 31, 2024, the Group also had an interest rate swap with a notional amount of
$600.0m
whereby the Group receives the fixed rate of
6.404%
and pays the floating rate of SOFR +
2.5751%
. The risk being hedged is the exposure to changes in the fair value of the fixed-rate senior bond
issuance due to fluctuations in market interest rates.
There is an economic relationship between the hedged items and the hedging instruments as the
terms of the interest rate swap match the terms of the fixed rate loan (i.e. notional amount, maturity,
payment and reset dates). The Group has established a hedge ratio of
1
:
1
for the hedging relationships
as the underlying risk of the interest rate swap is identical to the hedged risk component. To test the
hedge effectiveness, the Group uses the hypothetical derivative method and compares the changes in the
fair value of the hedging instrument against the changes in the fair value of the hedged item attributable to
the hedged risk.
Hedge ineffectiveness can arise from:
•
different interest rate curve applied to discount the hedged item and hedging instrument;
•
differences in timing of cash flows of the hedged item and hedging instrument;
•
the counterparties' credit risk differently impacting the fair value movements of the hedging
instrument and hedged item.
Concentration risk
To mitigate the concentration of credit risk exposure to a particular single customer, counterparty
or group of affiliated customers or counterparties, the Group monitors these exposures carefully and
ensures that these remain within pre-defined limits. Large exposure limits are determined in accordance
with appropriate regulatory rules.
176
Further concentration risk controls are in place to limit exposure to clients or counterparties within
single countries of origin and operation through specific country credit risk limits as set by the Board Risk
Committee.
The largest concentration of cash balances as at December 31, 2024 was
44%
(2023:
46%
) to a
UK-based, AA- rated global banking group (2023: UK-based, AA rated global banking group).
The largest concentration of exposures to exchanges, clearing houses and other counterparties
as at December 31, 2024 was
32%
to ICE (2023:
38%
) and
26%
to the CME (2023:
38%
).
The largest concentration of exposures to treasury instruments is to the United States
Government as
86%
(2023:
97%
) of the instruments are issued by the US Government or a US
Government sponsored enterprise.
Liquidity
risk
The Group defines liquidity risk as the failure to meet its day-to-day capital and cash flow
requirements. Liquidity risk is assessed and managed under the Individual Capital and Risk Assessment
(ICARA) and Liquidity Risk Framework. To mitigate liquidity risk, the Group has implemented robust cash
management policies and procedures that monitor liquidity daily to ensure that the Group has sufficient
resources to meet its margin requirement at clearing houses and third party brokers. In the event of a
liquidity issue arising, the Group has recourse to existing global cash resources, after which it could draw
down on
$275m
(2023:
$250m
) of committed revolving credit facilities (note
21(c)
). The Group has access
to a further
$200m
(2023:
$125m
) secured borrowings (note
21(b)
). The effect of the callable features
within the structured note program is monitored and dynamically updated to reflect any changes to
expected cashflows as part of the overall Group liquidity requirements. Short term liquidity requirements
are monitored and subject to limits reflecting the Groups liquidity resources.
There are strict guidelines followed in relation to products and tenor into which excess liquidity
can be invested. Excess liquidity is invested in highly liquid instruments, such as cash deposits with
financial institutions for a period of less than
three months
and US Treasuries with a maturity of up to
two
years
.
The financial liabilities are based upon rates set on a daily basis, apart from the financing of the
warrant positions and the credit facility where the rates are set for the term of the loan. For assets not
marked to market, there is no material difference between the carrying value and fair value.
Item 12.
Description of Securities Other Than Equity Securities
Not applicable.
Item 13.
Defaults, Dividend
Arrearages
and Delinquencies
None.
Item 14.
Material Modifications to the Rights of Security Holders and Use of Proceeds
Material Modifications to Rights of Holders
None.
Use of Proceeds
On April 24, 2024, the SEC declared effective our registration statement on Form F-1 (File No.
333-278231), as amended, filed in connection with our IPO (the "Registration Statement"). Pursuant to
177
the Registration Statement, we registered the offer and sale of 3,846,153 of our ordinary shares, nominal
value $0.001551 per ordinary share, and certain of our existing shareholders (the "Selling Shareholders")
offered 11,538,462 of our ordinary shares. We did not receive any proceeds from the sale of ordinary
shares by the Selling Shareholders, as defined in the Registration Statement. Barclays Capital Inc.,
Goldman Sachs & Co. LLC, Jefferies LLC, Keefe, Bruyette & Woods, Inc., Citigroup Global Markets Inc.,
UBS Securities LLC, Piper Sandler & Co., HSBC Securities (USA) Inc., Drexel Hamilton, LLC and Loop
Capital Markets LLC acted as representatives of the underwriters for the offering.
The offering terminated after the sale of all securities registered pursuant to the Registration
Statement. As of December 31, 2024,
net
proceeds of $68.3 million from our IPO have been used to for
working capital and general corporate purposes, with headroom to fund future incremental growth. There
has been no material change in the expected use of the net proceeds from our IPO as described in our
final prospectus, dated April 24, 2024, filed with the pursuant to Rule 424(b) relating to our Registration
Statement.
Item 15.
Controls and Procedures
A.
Disclosure Controls and Procedures
We maintain disclosure controls and procedures (as that term is defined in Rules
13a-15(e)
and
15d-15(e)
under the Exchange Act) that are designed to ensure that information required to be disclosed
in our reports under the Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms and that such information is accumulated and
communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow for timely decisions regarding required disclosures. Any controls and procedures, no
matter how well designed and operated, can provide only reasonable assurance of achieving the desired
control objectives.
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
has evaluated the effectiveness of the design and operation of our disclosure controls and procedures as
of December 31, 2024. Based upon that evaluation, our Chief Executive Officer and Chief Financial
Officer concluded that, as a result of the material weakness in our internal control over financial reporting
described below, the design and operation of our disclosure controls and procedures were not effective as
of December 31, 2024.
B.
Management's Annual Report on
Internal
Control
Over Financial Reporting
This Annual Report does not include a report of management's assessment regarding internal control
over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities
Exchange Act)
or an attestation report of the company's registered public accounting firm regarding the
effectiveness of our internal control over financial reporting due to a transition period established by rules
of the SEC for newly public companies
.
C.
Attestation Report of the Registered Public Accounting Firm
This Annual Report does not include an attestation report of our registered public accounting firm
due to a transition period established by rules of the SEC for newly public companies.
D.
Changes in Internal Control Over Financial Reporting
Other than set forth above, there were no changes in our internal control over financial reporting
(as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act) that
occurred during the period covered by this Annual Report that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.
Item 16.
[Reserved]
178
Item 16A.
Audit Committee Financial Expert
Our Board has determined that Sarah Ing is considered an "audit committee financial expert" as
defined in Item 16A of Form 20-F under the Exchange Act. Our Board has also determined that Sarah Ing,
Linda Myers, John Pietrowicz and Konstantin Graf von Schweinitz each satisfies the "independence"
requirements set forth in Rule 10A-3 under the Exchange Act.
Item 16B.
Code of Ethics
We have adopted a Code of Business Conduct and Ethics that applies to all our employees,
officers and directors. Our Code of Business Conduct and Ethics addresses, among other things, conflicts
of interest, confidential information, company assets, confidentiality, compliance with laws and regulations
and corporate opportunity requirements and the process for reporting violations of the Code of Business
Conduct and Ethics. Our Code of Business Conduct and Ethics is intended to meet the definition of "code
of ethics" under Item 16B of 20-F under the Exchange Act.
We will disclose on our website any amendment to, or waiver from, a provision of our Code of
Business Conduct and Ethics that applies to our directors or executive officers to the extent required
under the rules of the SEC or the Nasdaq. Our Code of Business Conduct and Ethics is available on our
website at https://www.marex.com. The information contained on or through our website, or any other
website referred to herein, is not incorporated by reference in this Annual Report.
We granted no waivers under our Code of Business Conduct and Ethics in 2024.
Item 16C.
Principal
Accountant Fees and Services
The following table sets forth, for each of the years indicated, the fees billed by Deloitte LLP, our
independent registered public accounting firm. :
2024
2023
$m
$m
Audit Fees
...............................................................................................................................
10.9
7.2
Audit Related Fees
................................................................................................................
2.1
3.7
All Other Fees
........................................................................................................................
0.0
0.0
Total
........................................................................................................................................
13.0
10.9
The registered business address of Deloitte LLP is 2 New Street Square, London, EC4A 3BZ, United
Kingdom.
Audit Fees
Audit fees for the years ended December 31, 2023 and 2024 were related to the audit of our consolidated
and subsidiary financial statements and other audit or interim review services provided in connection with
statutory and regulatory filings or engagements.
Audit Related Fees
Audit related fees for the years ended December 31, 2023 and 2024 relate to services in connection with
our IPO listing, subsequent public offering of ordinary shares and senior note program issuance.
Pre-Approval Policies and Procedures
The advance approval of the Audit and Compliance Committee or members thereof, to whom approval
authority has been delegated, is required for all audit and non-audit services provided by our auditors.
179
All services provided by our auditors are approved in advance by either the Audit and Compliance
Committee or members thereof, to whom authority has been delegated, in accordance with the Audit and
Compliance Committee's pre-approval policy.
Item 16D.
Exemptions from the Listing Standards for Audit Committees
Not applicable.
Item 16E.
Purchases of
Equity
Securities
by the Issuer and Affiliated Purchasers
Period
1
(a)
Total number of
shares
(or units)
purchased
(b)
Average price paid
per
share (or units)
(c)
Total number of
shares
(or units)
purchased as
part of publicly
announced plans
or
programs
(d)
Maximum number
(or
approximate dollar
value) of shares (or
units) that may yet
be
purchased under
the
plans or programs
6/27/2024
8,343
19.05
0
0
1.
The Employee Benefit Trust ('EBT') of the Company, an affiliate of the Company which holds unencumbered ordinary shares that may be used to satisfy incentive
arrangements
, acquired ordinary
shares from an employee on the date and in the amount specified in the table above.
Item 16F.
Change in Registrant's Certifying Accountant
None.
Item 16G.
Corporate Governance
We are a "foreign private issuer" As a "foreign private issuer," as defined by the SEC, we are
permitted to follow home country corporate governance practices, instead of certain corporate
governance practices required by Nasdaq for domestic issuers.
We intend to rely on this foreign private issuer exemption with respect to the following
requirements:
•
Nasdaq Rule 5620(c) regarding quorum requirements applicable to meetings of
shareholders. Such quorum requirements are not required under English law. In
accordance with generally accepted business practice, our amended and restated
articles of association and the Companies Act provide alternative quorum requirements
that are generally applicable to meetings of shareholders.
•
Nasdaq Rule 5635(c) regarding shareholder approval requirements for the issuance of
securities in connection with a stock option or purchase plan that is established or
materially amended or other equity compensation arrangement is made or materially
amended.
•
Nasdaq Rule 5635(d) regarding shareholder approval requirements for the issuance of
more than 20% of the outstanding ordinary shares of the issuer.
•
Nasdaq Rule 5605(d)(2), which requires that a listed company must have a remuneration
committee composed entirely of independent directors and that they satisfy the additional
independence requirements specific to remuneration committee membership set forth in
Nasdaq Rule 5605(d)(2).
180
•
Nasdaq Rule 5605(e), which requires that director nominees must either be selected, or
recommended for the board's selection, either by independent directors constituting a
majority of the board's independent directors in a vote in which only independent
directors participate, or a nomination committee comprised solely of independent
directors.
Except as stated above, we intend to comply with the rules generally applicable to U.S. domestic
companies listed on Nasdaq. We may in the future decide to use other foreign private issuer exemptions
with respect to some or all of the other Nasdaq listing requirements. Following our home country
governance practices, as opposed to the requirements that would otherwise apply to a company listed on
Nasdaq, may provide less protection than is accorded to investors under Nasdaq listing requirements
applicable to domestic issuers.
.
Item 16H.
Mine Safety Disclosure
Not applicable.
Item 16I.
Disclosure Regarding Foreign Jurisdictions That Prevent Inspections
Not applicable.
Item 16J.
Insider Trading Policies
We have
adopted
an Insider Trading policy governing the purchase, sale, and other dispositions
of our securities by directors, executive officers and employees. A copy of our insider trading policy is
attached as an exhibit to this Annual Report.
Item 16K.
Cybersecurity
Risk Management and Strategy
Marex recognizes the importance of managing cybersecurity risks and protecting information
across our enterprise. To address these priorities, data protection and cybersecurity risk management are
embedded into Marex's operations and overall enterprise risk management framework, and shares
common methodologies, reporting channels and governance processes that apply across the risk
management program to other legal, compliance, strategic, operational, and financial risk areas.
As part of this approach, we have
implemented
a layered cybersecurity risk management
program intended to assess, identify, and manage cybersecurity risks.
Our cybersecurity program draws on the National Institute of Standards and Technology (NIST)
Framework, ISO 27001, and industry best practices. This does not imply that we meet any particular
technical standards, specifications, or requirements, only that we use the above standards as a guide to
help us identify, assess, and manage cybersecurity risks relevant to our business.
Key elements of our cybersecurity risk management program include but are not limited to the following:
•
Risk assessments designed to help identify material risks from cybersecurity threats to our critical
systems and information;
•
A security team principally responsible for managing (1) our cybersecurity risk assessment
processes, (2) our security controls, and (3) our response to cybersecurity incidents;
•
Cybersecurity awareness training of our employees, including incident response personnel, and
senior management;
181
•
We employ a variety of tools and processes aimed at preventing, detecting, escalating,
investigating, resolving, and recovering from identified vulnerabilities and security incidents in a
timely manner. These include monitoring and detection systems, internal reporting mechanisms,
and other security controls;
•
A cybersecurity incident response plan that includes procedures for responding to cybersecurity
incidents;
•
We also engage independent industry-recognized service providers and consultants, where
appropriate, to assess, test, monitor or otherwise assist with aspects of our security processes
and controls
•
Recognizing that
third-party
vendors and service providers are a critical component of our
operations, we have implemented a third-party risk management program. This program includes
cybersecurity risk assessments for vendors before onboarding and periodic evaluations
commensurate to their criticality and risk profile.
As disclosed, in January 2023, ION, the third party on whom we rely as our back-office provider,
was subject to a cyberattack, which suspended access to trade management and reporting systems. To
our knowledge, no Personal Information was lost or exfiltrated and ION implemented a number of
measures designed to prevent future cyberattacks, including Multi Factor Authentication (MFA)
enforcement for all clients and CrowdStrike.
Based on our assessment, the incident has
not had a material impact
or affect on (nor will it in the
future materially impact or affect) us, including our operations, business strategy, results of operations, or
financial condition. We have not identified risks from other existing cybersecurity threats that have
materially affected us, including our operations, business strategy, results of operations, or financial
condition.
We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect
us, including our operations, business strategy, results of operations, or financial condition. See "Risk
Factors – If we or our third-party providers fail to protect or IT Systems of Confidential Information this
could, among other things, limit our ability to conduct our operations and lead to legal liability, material
financial penalties, or damage to our reputation, which could materially affect our business, results of
operations, and financial condition."
Governance
Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to
the Group Risk Committee (the "Committee") oversight of cybersecurity and other information technology
risks. The Committee oversees management's implementation of our cybersecurity risk management
program.
The Committee receives quarterly reports from management on our information technology and
cybersecurity risks. In addition, management updates the Committee, where it deems appropriate,
regarding cybersecurity incidents it considers to be significant.
The
Committee
reports to the Board regarding its activities, including those related to
cybersecurity. The Board also receives briefings from management on our cyber risk management
program. Board members receive presentations on cybersecurity topics from our Head of Information
Security, internal security staff or external experts as part of the Board's continuing education on topics
that impact public companies.
Our management team, including
CTO, COO & CRO
, is responsible for assessing and managing
our material risks from cybersecurity threats.
The team has primary responsibility for our overall
cybersecurity risk management program and supervises both our internal cybersecurity personnel and
182
our retained external cybersecurity consultants.
Our management team's experience has over 20 years of
industry experience each.
Our management team supervises efforts to prevent, detect, mitigate, and remediate
cybersecurity risks and incidents through various means, which may include briefings from internal
security personnel; threat intelligence and other information obtained from governmental, public or private
sources, including external consultants engaged by us; and alerts and reports produced by security tools
deployed in the IT environment.
Item 17.
Financial
Statements
We have provided financial statements pursuant to Item 18.
Item 18.
Financial Statements
The audited consolidated financial statements as required under Item 18 are attached hereto
starting on page F-1 of this Annual Report. The audit report of Deloitte LLP, an independent registered
public accounting firm, is included herein preceding the audited consolidated financial statements.
Item 19.
Exhibits
The following are filed as exhibits hereto:
Incorporation by Reference
Exhibit
No.
Description
Form
File No.
Exhibit
No.
Filing Date
Filed /
Furnished
1.1
Amended and Restated Articles of
Association of Marex Group plc
F-1
333-278231
3.1
April 26, 2024
2.1
Description of Securities
*
2.2
Shareholders' Agreement by and among
the Registrant and certain shareholders
of the Registrant
*
2.3
Registration Rights Agreement by and
among the Registrant and certain
shareholders of the Registrant
*
2.4
Senior Indenture dated as of October
15, 2024 between Marex Group plc and
Citibank, N.A., as trustee
F-1
333-282656
4.1
October 22,
2024
2.5
Form of Master Global Note (included in
2.4 above)
F-1
333-282656
4.2
October 22,
2024
4.1
†
Form of Deed Indemnity
F-1
333-278231
10.3
April 15, 2024
4.2
†
Marex Group plc Retention Long Term
Incentive Plan
F-1
333-278231
10.4
April 15, 2024
4.3
†
Marex Group plc 2021 Deferred Bonus
Plan
F-1
333-278231
10.5
April 15, 2024
4.4
†
Marex Group plc 2022 Deferred Bonus
Plan
F-1
333-278231
10.6
April 15, 2024
4.5
†
Long-Term Incentive Plan
F-1
333-278231
10.7
April 15, 2024
4.6
†
Marex Group plc Global Omnibus Plan
S-8
333-278953
99.5
April 26, 2024
4.7
†
Marex Group Limited 2007 Employee
Share Purchase Plan, as amended on
April 10, 2024
F-1
333-278231
10.12
April 15, 2024
4.8
Form of Company Lock-up Agreement
F-1
333-278231
10.11
April 15, 2024
183
4.9
†
Marex Group plc Employee Share
Purchase Plan
S-8
333-278953
99.6
April 26, 2024
8.1
List of Subsidiaries.
11.1
Insider Trading Policy
*
12.1
Principal Executive Officer Certification
Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
*
12.2
Principal Financial Officer Certification
Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
*
13.1
Principal Executive Officer Certification
Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.
**
13.2
Principal Financial Officer Certification
Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.
**
15.1
Consent of Deloitte LLP, an independent
registered public accounting firm.
*
97.1
Policy for Recovery of Erroneously
Awarded Compensation
*
101.INS
Inline XBRL Instance Document – the
instance document appear in the
Interactive Data File because its XBRL
tags are embedded within the Inline
XBRL document.
*
101.SCH
Inline XBRL Taxonomy Extension
Schema Document.
*
101.CAL
Inline XBRL Taxonomy Extension
Calculation Linkbase Document.
*
101.DEF
Inline XBRL Taxonomy Definition
Linkbase Document.
*
101.LAB
Inline XBRL Taxonomy Extension
Label Linkbase Document.
*
101.PRE
Inline XBRL Taxonomy Extension
Presentation Linkbase Document
*
*
Filed herewith.
**
Furnished herewith.
†
Indicates management contract or compensatory plan or arrangement.
Certain agreements filed as exhibits to this Annual Report contain representations and warranties
that the parties thereto made to each other. These representations and warranties have been made solely
for the benefit of the other parties to such agreements and may have been qualified by certain information
that has been disclosed to the other parties to such agreements and that may not be reflected in such
agreements. In addition, these representations and warranties may be intended as a way of allocating
risks among parties if the statements contained therein prove to be incorrect, rather than as actual
statements of fact. Accordingly, there can be no reliance on any such representations and warranties as
characterizations of the actual state of facts. Moreover, information concerning the subject matter of any
such representations and warranties may have changed since the date of such agreements.
184
SIGNATURES
The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that
it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.
MAREX GROUP PLC
Date: March 20, 2025
By:
/s/ Ian Lowitt
Name:
Ian Lowitt
Title:
Chief Executive Officer
Date: March 20, 2025
By:
/s/ Rob Irvin
Name:
Rob Irvin
Title:
Chief Financial Officer
185
Exhibit 12.1
CERTIFICATION
I, Ian Lowitt, Chief Executive Officer, certify that:
1.
I have reviewed this annual report on Form 20-F of Marex Group plc;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by
this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this
report, fairly present in all material respects the financial condition, results of operations and cash
flows of the company as of, and for, the periods presented in this report;
4.
The company's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
for the company and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the company, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in
which this report is being prepared;
(b)
[omitted];
(c)
Evaluated the effectiveness of the company's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d)
Disclosed in this report any change in the company's internal control over financial
reporting that occurred during the period covered by the annual report that has
materially affected, or is reasonably likely to materially affect, the company's internal
control over financial reporting; and
5.
The company's other certifying officer(s) and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the company's auditors and the audit
committee of the company's board of directors (or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect
the company's ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees
who have a significant role in the company's internal control over financial reporting.
Date: March 20, 2025
By:
/s/ Ian Lowitt
Chief Executive Officer
(Principal Executive Officer)
186
Exhibit 12.2
CERTIFICATION
I, Rob Irvin, Chief Financial Officer, certify that:
1.
I have reviewed this annual report on Form 20-F of Marex Group plc;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by
this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this
report, fairly present in all material respects the financial condition, results of operations and cash
flows of the company as of, and for, the periods presented in this report;
4.
The company's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
for the company and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the company, including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in which this report is being
prepared;
(b)
[omitted];
(c)
Evaluated the effectiveness of the company's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such
evaluation;
(d)
Disclosed in this report any change in the company's internal control over financial
reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the company's internal control over
financial reporting; and
5.
The company's other certifying officer(s) and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the company's auditors and the audit
committee of the company's board of directors (or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the
company's ability to record, process, summarize and report financial information; and
(b)
Any fraud, whether or not material, that involves management or other employees who
have a significant role in the company's internal control over financial reporting.
Date: March 20, 2025
By:
/s/ Rob Irvin
Chief Financial Officer
(Principal Financial Officer)
187
Exhibit 13.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 20-F of Marex Group plc (the "Company") for the
year ended December 31, 2024 as filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, Ian Lowitt, the Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of
my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended;
2.
The information contained in the Report fairly presents, in all material respects, the financial
condition and results of operations of the Company.
Date: March 20, 2025
By:
/s/ Ian Lowitt
Chief Executive Officer
(Principal Executive Officer)
188
Exhibit 13.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 20-F of Marex Group plc (the "Company") for the
year ended December 31, 2024 as filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, Rob Irvin, the Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of
my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended; and
2.
The information contained in the Report fairly presents, in all material respects, the financial
condition and results of operations of the Company.
Date: March 20, 2025
By:
/s/ Rob Irvin
President and Chief Financial Officer
(Principal Financial Officer)
189
Financial
Statements
Financial Statements
Report of Independent Registered Public Accounting Firm - Deloitte LLP (PCAOB ID No.
1147
)
190
Consolidated Income Statement
193
Consolidated Statement of Comprehensive Income
194
Consolidated Statement of Financial Position
195
Consolidated Statement of the Changes in Equity
197
Consolidated Statement of Cash Flows
199
Notes to the Consolidated Financial Statements
201
Company Financial Statements
295
Company Statement of Financial Position
296
Company Statement of Cash Flows
297
Notes to the Company Financial Statements
298
190
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the shareholders and the Board of Directors of Marex Group plc.
Opinion on the Financial Statements
We have audited the accompanying consolidated statements of financial position of Marex Group plc (the
"Company") and subsidiaries (the "Group") as of December 31, 2024 and 2023, the related consolidated
income statements, statements of comprehensive income, changes in equity, and cash flows, for each of
the three years in the period ended December 31, 2024, and the related notes (collectively referred to as
the "financial statements"). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Group as of December 31, 2024 and 2023, and the results of its operations
and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with
IFRS Accounting Standards as issued by the International Accounting Standards Board ("IASB").
Restatement of the Financial Statements
As discussed in Note 36 to the financial statements, the accompanying financial statements have been
restated from previously issued financial statements following changes to correct identified
misstatements.
Basis for Opinion
These financial statements are the responsibility of the Group's management. Our responsibility is to
express an opinion on the Group's financial statements based on our audits. We are a public accounting
firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Group in accordance with the U.S. federal securities laws
and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement, whether due to error or fraud. The Group is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we
are required to obtain an understanding of internal control over financial reporting but not for the purpose
of expressing an opinion on the effectiveness of the Group's internal control over financial reporting.
Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial
statements, whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial
statements. We believe that our audits provide a reasonable basis for our opinion.
Critical Audit Matters
The critical audit matters communicated below are matters arising from the current-period audit of the
financial statements that were communicated or required to be communicated to the audit committee and
that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our
especially challenging, subjective, or complex judgments. The communication of critical audit matters
does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by
communicating the critical audit matters below, providing separate opinions on the critical audit matters or
on the accounts or disclosures to which they relate.
Intangible assets - Cowen customer relationship intangible impairment
– Refer to notes 4 and 12
to the financial statements
Critical Audit Matter description
191
Intangible assets disclosed in Note 12 include a customer relationship intangible asset acquired through
the acquisition of Cowen's Prime Service and Outsourced Trading Business during 2023 (the "Cowen
customer relationship intangible asset").
As required by IAS 36 Impairment of Assets, if indicators of impairment exist an impairment test must be
completed, as set out in Note 4. Determining whether the intangible asset is impaired requires an
estimation of the recoverable amount of the asset, using the higher of the value in use ("VIU") or fair value
less costs to sell, which requires management to make significant estimates and assumptions related to
the revenue growth rate, costs growth rate, customer attrition and useful life.
We identified the Cowen customer relationship intangible asset as a critical audit matter because of the
significant estimates and assumptions made by management in estimating the recoverable amount and
the sensitivity of the calculation to revenue growth rate, costs growth rate, and customer attrition and
useful life. This required a high degree of auditor judgement and increased extent of effort, when
performing audit procedures to evaluate the reasonableness of management's estimates and
assumptions.
How the Critical Audit Matter Was Addressed in the Audit
We performed the following audit procedures, amongst others, over the forecast revenue growth rates,
forecast cost growth rates, and customer attrition and useful life used in the valuation of the Cowen
customer relationship intangible asset:
•
Inquired with key individuals within Finance, personnel responsible for the budgeting process and
business heads. We used the outcome of these inquiries to evaluate evidence to support key
assumptions such as forecast revenue growth rates, forecast cost growth rates, and customer
attrition;
•
Evaluated the reasonableness of significant data inputs and assumptions applied in estimating
forecast revenue and cost growth rates, including benchmarking of revenue forecasts against
external market data;
•
Performed procedures over the completeness and accuracy of the acquired customer relationship
intangible to assess whether those acquired remained active customers at the valuation date;
•
Performed procedures to test attrition rates used in the model against observed attrition and
engaged with valuation specialists to benchmark useful life assumptions; and
•
Assessed whether events or transactions that occurred after the balance sheet date, but before
the reporting date, affect the conclusions reached on the on the carrying values of the Cowen
customer relationship assets.
Share-based Payments - Fair value of the cash settlement option of the growth shares
– Refer to
note 4 in the financial statements
Critical Audit Matter description
The Company issued growth shares awards to employees which vest or become exercisable on the
occurrence of a liquidity event which was satisfied by the IPO. As the terms of the awards permitted the
holders to elect cash or equity settlement, these awards were compound instruments, with a debt and an
equity component. At the point of settlement, the Group remeasured the liability arising from the cash
settlement option to its fair value.
As required by IFRS 2, Share-based payment, and disclosed in Note 4, management determined the fair
value of the cash settlement option to be $2.3m, based on a valuation range of $31.5m to $0.8m. This
range includes scenarios to account for a variety of management actions which, had the options been
settled in cash, would have impacted the timing of the cash payments within the scenarios identified and,
therefore, the present value disclosed.
192
Determining the fair value of the cash settlement option was complex and required a number of
judgements. The terms of the growth shares restricted the amount of cash that the Company could
provide for settlement of the obligation in any given year based on its profitability. The profit forecasts of
the Company used to estimate the fair value were subject to a number of significant assumptions
including the probability and impact of management actions.
We identified the fair value of the cash settlement option of the growth shares as a critical audit matter
because of assumptions and risk of bias related to the probability and impact of management actions on
the fair value. Auditing these assumptions was complex and required a high degree of auditor judgment
and increased audit effort.
How the Critical Audit Matter Was Addressed in the Audit
We performed the following audit procedures, amongst others, related to the probability and impact of
management actions to estimate the fair value of the cash settlement option of the growth shares:
•
Assessed the impact of management actions on the Company's articles of association and the
terms of the growth shares terms through inspecting the articles and award terms.
•
Discussed with management and evaluated their conclusions reached on the probability and
impact of management actions by:
◦
Inquiring with members of the board of directors and inspecting board of directors meeting
materials and associated minutes through to the issuance date of the financial statements.
◦
Evaluating the impact of management actions to assess probability of execution;
◦
Inspecting evidence supporting the feasibility of management actions from external advisors;
◦
Inquiring with external supervisors to evaluate the feasibility of management actions; and
◦
Benchmarking management actions executed by peer companies in historical periods.
/s/
Deloitte LLP
London, United Kingdom
March 20, 2025
We have served as the Group's auditor since 2015.
193
Consolidated Income Statement
For the Years
Ended
31 December
2024
2023
2022
Notes
$m
$m
$m
Commission and fee income
1,618.1
1,342.4
651.0
Commission and fee expense
(
762.0
)
(
637.5
)
(
299.2
)
Net commission income
5
856.1
704.9
351.8
Net trading income
5
492.4
411.4
325.3
Interest income
6
765.2
591.8
194.4
Interest expense
6
(
538.1
)
(
470.2
)
(
165.0
)
Net interest income
6
227.1
121.6
29.4
Net physical commodities income
5
19.1
6.7
4.6
Revenue
5
1,594.7
1,244.6
711.1
Expenses:
Compensation and benefits
7
(
971.1
)
(
770.3
)
(
438.6
)
Depreciation and amortisation
12, 13, 30
(
29.5
)
(
27.1
)
(
13.8
)
Other expenses
8
(
306.3
)
(
237.4
)
(
147.8
)
Impairment of goodwill
11
—
(
10.7
)
(
53.9
)
Provision for credit losses
1.7
(
7.1
)
(
9.5
)
Bargain purchase gain on acquisitions
15
—
0.3
71.6
Other income
6.3
3.4
2.8
Share of results in associates and joint ventures
—
0.8
(
0.3
)
Profit before tax
295.8
196.5
121.6
Tax
9
(
77.8
)
(
55.2
)
(
23.4
)
Profit after tax
218.0
141.3
98.2
Attributable to:
Ordinary shareholders of the company
204.7
128.0
91.6
Other equity holders
1
13.3
13.3
6.6
Earnings per share
2
Basic (dollars per share)
33
2.96
1.94
1.39
Diluted (dollars per share)
33
2.72
1.82
1.36
1.
Other equity holders relate to holders of AT1 securities.
2.
Earnings per share has been restated due to the reverse share split. Refer to note 33 for further information.
The notes on pages
201
to
298
form part of these financial statements.
194
Consolidated Statement
of Com
prehensive Income
For the Years Ended
31 December
2024
2023
2022
Notes
$m
$m
$m
Profit after tax
218.0
141.3
98.2
Other comprehensive income
Items that may be reclassified subsequently to
profit and loss:
Cash flow hedges
Fair value (loss)/gain arising on hedging instruments
during the year
(
29.7
)
1.2
2.7
Deferred tax on hedging instruments
9
(a)
7.9
(
0.3
)
(
0.5
)
Currency translation adjustments
(
3.3
)
1.8
—
Items that will not be recycled to profit or loss:
Change in fair value of financial liabilities designated
at FVTPL
due to own credit risk
(
15.9
)
(
6.4
)
(
4.0
)
Deferred tax on change in fair value of financial
liabilities designated at FVTPL due to own credit risk
9
(a)
4.0
1.7
1.2
Fair value gain/(loss) on investments in equity
instruments designated
as at FVTOCI
14
3.4
—
(
0.6
)
Deferred tax on revaluation of investments
9
(a)
(
0.9
)
(
0.3
)
0.3
Other comprehensive loss, net of tax
(
34.5
)
(
2.3
)
(
0.9
)
Total comprehensive income
183.5
139.0
97.3
Attributable to:
Ordinary shareholders of the Company
170.2
125.7
90.7
Other equity holders
1
13.3
13.3
6.6
1.
Other equity holders relate to holders of AT1 securities.
All operations are continuing for the current and prior year.
The notes on pages
201
to
298
form part of these financial statements.
195
Consolidated Statement of Financial Position
31 December
31 December
1 January
2024
2023
2023
Notes
$m
$m
$m
Restated
1
Assets
Non-current assets
Goodwill
11
176.5
163.6
155.5
Intangible assets
12
56.5
56.0
25.6
Property, plant and equipment
13
20.8
16.6
11.8
Right of use asset
30
59.9
40.6
33.7
Investments
14
24.0
16.2
16.4
Investment in associate
—
—
5.6
Deferred tax
23
46.7
21.4
7.6
Treasury instruments (unpledged)
16
53.5
60.8
—
Treasury instruments (pledged as collateral)
16
46.1
300.4
133.5
Total non-current assets
484.0
675.6
389.7
Current assets
Corporate income tax receivable
12.5
0.1
5.5
Trade and other receivables
20
7,553.2
4,789.8
4,685.2
Inventory
19
35.8
163.4
35.8
Equity instruments (unpledged)
31(b)
231.4
189.6
168.9
Equity instruments (pledged as collateral)
31(b)
4,446.6
1,331.7
241.1
Derivative instruments
22
1,163.5
655.6
480.8
Stock borrowing
31(b)
1,781.7
2,501.4
1,894.6
Treasury instruments (unpledged)
16
556.2
481.8
247.6
Treasury instruments (pledged as collateral)
16
2,912.9
2,062.6
2,338.6
Fixed income securities (unpledged)
17
87.7
76.7
—
Reverse repurchase agreements
18
2,490.4
3,199.8
4,346.0
Cash and cash equivalents
2,556.6
1,483.5
910.1
Total current assets
23,828.5
16,936.0
15,354.2
Total assets
24,312.5
17,611.6
15,743.9
1.
Prior period comparatives have been restated. Refer to note 3(b) and 36 for further information
The notes on pages
201
to
298
form part of
these
financial statements.
196
Consolidated Statement of Financial Position (continued)
31 December
31 December
1 January
2024
2023
2023
Notes
$m
$m
$m
Restated
1
Liabilities
Current liabilities
Repurchase agreements
18
2,305.8
3,118.9
4,381.4
Trade and other payables
24
9,740.4
6,785.9
6,647.6
Stock lending
31(b)
4,952.1
2,323.3
1,396.9
Short securities
31(b)
1,704.6
1,924.8
986.8
Short term borrowings
21
152.0
—
12.9
Lease liability
30
10.5
13.2
6.8
Derivative instruments
22
751.7
402.2
294.3
Corporate tax
41.9
7.6
8.9
Debt securities
31(b)
2,119.6
1,308.4
823.7
Provisions
0.6
0.4
2.6
Total current liabilities
21,779.2
15,884.7
14,561.9
Non-current liabilities
Lease liability
30
67.0
39.4
32.1
Long term borrowings
21
—
—
135.8
Debt securities
31(b)
1,484.9
907.9
336.3
Deferred tax liability
23
4.5
3.7
0.1
Total non-current liabilities
1,556.4
951.0
504.3
Total liabilities
23,335.6
16,835.7
15,066.2
Total net assets
976.9
775.9
677.7
Equity
Share capital
26
0.1
0.1
0.1
Share premium
202.6
134.3
134.3
Additional Tier 1 capital (AT1)
28
97.6
97.6
97.6
Retained earnings
722.4
555.3
455.3
Own shares
27
(
23.2
)
(
9.8
)
(
7.9
)
Other reserves
29
(
22.6
)
(
1.6
)
(
1.7
)
Total equity
976.9
775.9
677.7
1.
Prior period comparatives have been restated. Refer to note 3(b) and 36 for further information
The notes on pages
201
to
298
form part of these financial statements.
The financial statements on pages
193
to
298
were approved and authorised for issue by the
Board of Directors on 20 March 2025 and are signed on its behalf by:
I T Lowitt
Director
20 March 2025
197
Consolidated Statement of the
Changes
in Equity
For the Years Ended
31 December
Share
capital
Share
premium
Additional
Tier 1
capital
(AT1)
Retained
earnings
Own
Shares
Other
reserves
Total
Group
Notes
$m
$m
$m
$m
$m
$m
$m
At 1 January 2022
0.1
134.3
—
346.6
—
(
3.3
)
477.7
Profit after tax for the period
—
—
6.6
91.6
—
—
98.2
Gain on cash flow hedge
—
—
—
—
2.7
2.7
Deferred tax on cash flow hedge
reserve
—
—
—
—
—
(
0.5
)
(
0.5
)
Change in fair value of financial
liabilities designated at FVTPL due to
own credit risk
—
—
—
—
—
(
4.0
)
(
4.0
)
Deferred tax on change in fair value of
financial liabilities designated at FVTPL
due to own credit risk
—
—
—
—
—
1.2
1.2
Loss on revaluation of investments
—
—
—
—
—
(
0.6
)
(
0.6
)
Deferred tax on revaluation of
investments
—
—
—
—
—
0.3
0.3
Total comprehensive income for the
period
—
—
6.6
91.6
—
(
0.9
)
97.3
Additional (AT1) capital
—
—
97.6
—
—
—
97.6
AT1 dividends paid
—
—
(
6.6
)
—
—
—
(
6.6
)
Repurchase of own shares
—
—
—
—
(
7.9
)
—
(
7.9
)
Share-based payments
—
—
—
17.8
—
—
17.8
Other movements
—
—
—
(
0.7
)
—
2.5
1.8
At 31 December 2022 and 1 January
2023
0.1
134.3
97.6
455.3
(
7.9
)
(
1.7
)
677.7
Profit after tax for the period
—
—
13.3
128.0
—
—
141.3
Gain on cash flow hedge
—
—
—
—
—
1.2
1.2
Deferred tax on cash flow hedge
reserve
23
—
—
—
—
—
(
0.3
)
(
0.3
)
Change in fair value of financial liabilities
designated at FVTPL due to own credit
risk
—
—
—
—
—
(
6.4
)
(
6.4
)
Deferred tax on change in fair value of
financial liabilities designated at FVTPL
due to own credit risk
23
—
—
—
—
—
1.7
1.7
Deferred tax on revaluation of
investments
23
—
—
—
—
—
(
0.3
)
(
0.3
)
Currency translation adjustments
—
—
—
—
—
1.8
1.8
Total comprehensive income for the period
—
—
13.3
128.0
—
(
2.3
)
139.0
AT1 dividends paid
28
—
—
(
13.3
)
—
—
—
(
13.3
)
Ordinary dividends paid
10
—
—
—
(
45.0
)
—
—
(
45.0
)
Repurchase of own shares
—
—
—
—
(
3.1
)
—
(
3.1
)
Share-based payments
35
—
—
—
20.3
—
—
20.3
198
Deferred tax on share-based payments
23
—
—
—
—
—
2.4
2.4
Share settlement (share-based payments)
—
—
—
(
1.2
)
1.2
—
—
Other movements
—
—
—
(
2.1
)
—
—
(
2.1
)
At 31 December 2023 and 1 January 2024
0.1
134.3
97.6
555.3
(
9.8
)
(
1.6
)
775.9
Profit after tax for the period
—
—
13.3
204.7
—
—
218.0
Fair value loss on hedging instruments
—
—
—
—
—
(
29.7
)
(
29.7
)
Deferred tax on hedging instruments
23
—
—
—
—
7.9
7.9
Change in fair value of financial
liabilities designated at FVTPL due to
own credit risk
—
—
—
—
—
(
15.9
)
(
15.9
)
Deferred tax on change in fair value of
financial liabilities designated at FVTPL
due to own credit risk
23
—
—
—
—
—
4.0
4.0
Gain on revaluation of investments
—
—
—
—
—
3.4
3.4
Deferred tax on revaluation of
investments
23
—
—
—
—
—
(
0.9
)
(
0.9
)
Currency translation adjustments
—
—
—
—
—
(
3.3
)
(
3.3
)
Total comprehensive income for the period
—
—
13.3
204.7
—
(
34.5
)
183.5
AT1 dividends paid
28
—
—
(
13.3
)
—
—
—
(
13.3
)
Ordinary dividends paid
10
—
—
—
(
63.8
)
—
—
(
63.8
)
Share premium
—
68.3
—
—
—
—
68.3
Repurchase of own shares
—
—
—
—
(
19.8
)
—
(
19.8
)
Fair value of the cash settlement option
on the growth shares
—
—
—
2.3
—
—
2.3
Share-based payments
35
—
—
—
29.6
—
—
29.6
Deferred tax on share based payments
23
—
—
—
—
—
12.8
12.8
Current tax on share based payments
—
—
—
—
—
0.9
0.9
Share settlement of share-based
awards
—
—
—
(
6.4
)
6.4
—
—
Other movements
—
—
—
0.7
—
(
0.2
)
0.5
At 31 December 2024
0.1
202.6
97.6
722.4
(
23.2
)
(
22.6
)
976.9
The notes on pages
201
to
298
form part of these financial statements.
199
Consolidated Statement of Cash Flows
For the Years Ended
31 December
2024
2023
2022
Notes
$m
$m
$m
Profit before tax
295.8
196.5
121.6
Adjustments for:
Amortisation of intangible assets
12
10.8
6.7
5.5
Loss on disposal of intangibles
12
0.3
0.1
0.6
Depreciation of property, plant and equipment
13
7.3
5.5
2.8
Depreciation of right-of-use asset
30
10.7
9.7
5.5
Impairment of right-of-use asset
30
0.7
5.2
—
Bargain purchase gain on acquisitions
15
—
(
0.3
)
(
71.6
)
Impairment of goodwill
11
—
10.7
53.9
Movement in provisions
0.2
(
2.2
)
1.7
Provision for credit losses
(
1.7
)
7.1
9.5
Share of results in associates and joint ventures
—
(
0.8
)
0.3
Lease liability foreign exchange revaluation
30
(
1.6
)
(
0.1
)
(
1.3
)
Movement in fair value of derivative instruments
(
188.1
)
(
66.9
)
111.1
Other revaluations
15.5
(
9.1
)
9.3
Other non-cash movements
1.7
(
0.5
)
—
Share-based payment expense
35
29.6
20.3
16.7
Operating cash flows before changes in working
capital
181.2
181.9
181.9
265.6
Working capital adjustments:
(Increase)/decrease in trade and other receivables
(
2,757.9
)
777.6
3,141.1
Increase/(decrease) in trade and other payables
2,952.6
(
709.5
)
(
2,873.8
)
Increase in treasury instruments
(
663.1
)
(
185.9
)
—
Increase in fixed income securities
(
11.0
)
(
76.7
)
(
494.0
)
Increase in equity instruments
(
3,376.9
)
(
173.3
)
(
402.3
)
Increase in debt securities
1
1,372.3
1,049.8
83.3
Decrease in financial institution notes
—
—
1.0
Net increase/(repayment) of borrowings
152.0
(
148.7
)
(
49.9
)
Decrease/(increase) in inventory
127.6
(
127.6
)
44.3
(Decrease)/increase in net repurchase and reverse
repurchase agreements
(
103.7
)
(
116.3
)
39.2
Increase in net stock borrowing and lending
3,348.5
319.6
489.1
Cash flow from operating activities
1,221.6
790.9
243.6
Corporation tax paid
(
58.1
)
(
55.9
)
(
18.0
)
Net cash from operating activities
1,163.5
735.0
225.6
During 2024, interest received was
$
768.3
m
(2023:
$
595.0
m
; 2022:
$
159.2
m
), interest paid was
$
521.9
m
(2023:
$
470.2
m
; 2022:
$
161.1
m
) and dividends received were $
nil
(2023: $
nil
; 2022: $
nil
).
The notes on pages
201
to
298
form part of these financial statements.
200
Consolidated Statement of Cash Flows (continued)
For the Years Ended
31 December
2024
2023
2022
Notes
$m
$m
$m
Investing activities
Redemption of investment in associate
—
6.4
—
Acquisition of businesses, net of cash acquired
(
11.0
)
(
90.3
)
(
36.9
)
Payment of contingent consideration
—
(
1.6
)
—
Purchase of investments
14
(
5.1
)
—
—
Proceeds from sale of investments
14
0.7
—
—
Purchase of intangible assets
12
(
8.2
)
(
3.1
)
(
5.8
)
Purchase of property, plant and equipment
13
(
11.7
)
(
9.0
)
(
3.6
)
Net cash used in investing activities
(
35.3
)
(
97.6
)
(
46.3
)
Financing activities
Proceeds from issuance of additional Tier 1 capital (AT1)
28
—
—
100.0
Issuance costs of additional Tier 1 capital (AT1)
28
—
—
(
2.4
)
Repayment of Tier 2 debt securities
—
—
(
50.0
)
Proceeds from issuance of ordinary shares
73.1
—
—
Issuance costs of ordinary shares
(
4.8
)
—
—
Purchase of own shares
27
(
19.8
)
(
3.1
)
(
7.9
)
Dividends paid
10
(
77.1
)
(
58.3
)
(
6.6
)
Lease incentive received
6.4
—
—
Payment of lease liabilities
30
(
15.0
)
(
11.4
)
(
6.6
)
Net cash (used in)/from financing activities
(
37.2
)
(
72.8
)
26.5
Net increase in cash and cash equivalents
1,091.0
564.6
205.8
Cash and cash equivalents
Cash and cash equivalents at 1 January
1,483.5
910.1
712.0
Increase in cash
1,091.0
564.6
205.8
Effect of foreign exchange rate changes
(
17.9
)
8.8
(
7.7
)
Cash and cash equivalents at 31 December
2
2,556.6
1,483.5
910.1
1.
Included in the movement in debt securities is the movement of EMTN notes and the Group's debt issuance during November 2024. Please refer to note
31(e
)
for further
detail.
2.
Cash and cash equivalents includes restricted cash of
$
173.9
m
at 31 December 2024 (2023:
$
197.7
m
).
The notes on pages
201
to
298
form part of these financial statements.
201
Table of Contents
Notes to Consolidated Financial Statements
1        General Information
Marex Group plc (the 'Company') is incorporated in England and Wales under the Companies Act.
The address of the registered office is 155 Bishopsgate, London, EC2M 3TQ, United Kingdom. The
principal activities of Marex Group plc and its subsidiaries (the 'Group') and the nature of the Group's
operations are set out in note
5
.
The consolidated financial statements of the Group have been prepared in accordance with
International Financial Reporting Standards ('IFRS
®
Accounting Standards'), as issued by the
International Accounting Standards Board ('IASB').
The consolidated financial statements of the Group are presented in US dollars ('USD' or '$'), which
is also the Company's functional currency. All amounts have been rounded to the nearest tenth of a
million ('m'), except where otherwise indicated.
On 24 April 2024, the Group's registration statement on Form F-1 related to its initial public offering
('IPO') was declared effective. On 25 April 2024, the Group's ordinary shares began trading on the
Nasdaq Global Select Market under the symbol "MRX". On 29 April 2024, the Group completed its IPO, in
which the Group issued
3,846,153
new ordinary shares each at initial offering price of
$
19.00
per ordinary
share for gross proceeds to the Group of
$
73.1
m
,
before deducting issuance transaction costs of
$
4.8
m
.
In the IPO, selling shareholders sold a total of
13,028,951
existing ordinary shares. During October 2024,
selling shareholders sold an additional
8,472,333
of their existing ordinary shares. The Group did
not
receive any proceeds from the selling shareholders activities.
In connection with its IPO, the Group undertook a share capital reorganisation involving the
issuance and conversion of growth shares and non-voting ordinary shares into ordinary shares, the
cancellation of deferred shares, the redenomination of the nominal value of ordinary shares and a
1.88
to
1
reverse split of ordinary shares. Further information is disclosed in note
26
.
2        Adoption of New and Revised Standards
(a) New and amended IFRS Accounting Standards that are effective for the current year
The Group applied for the first time certain standards and amendments, which are effective for
annual periods beginning on or after 1 January 2024 (unless otherwise stated). The Group has not early
adopted any other standard, interpretation or amendment that has been issued but is not yet effective.
Amendments to IFRS 16 Leases - Lease Liability in a Sale and Leaseback
The amendments to IFRS 16 add subsequent measurement requirements for sale and leaseback
transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be
accounted for as a sale. The amendments require the seller-lessee to determine 'lease payments' or
'revised lease payments' such that the seller-lessee does not recognise a gain or loss that relates to the
right-of-use retained by the seller-lessee, after the commencement date.
The amendments do not affect the gain or loss recognised by the seller-lessee relating to the
partial or full termination of a lease. Without these new requirements, a seller-lessee may have
recognised a gain on the right-of-use it retains solely because of a remeasurement of the lease liability
(for example, following a lease modification or change in the lease term) applying the general
requirements in IFRS 16.
This could have been particularly the case in a leaseback that includes variable lease payments
that are not dependent on an index or rate.
The amendments had no impact on the Group's consolidated financial statements.
Amendments to IAS 1 Presentation of Financial Statements - Classification of Liabilities as Current or
Non-Current
202
Table of Contents
The amendments to IAS 1 published in January 2020 (effective for annual periods beginning on or
after 1 January 2024) affect only the presentation of liabilities as current or non-current in the statement of
financial position and not the amount or timing of recognition of any asset, liability, income or expense, or
the information disclosed about those items.
The amendments clarify that the classification of liabilities as current or non-current is based on
rights that are in existence at the end of the reporting period, specify that classification is unaffected by
expectations about whether an entity will exercise its right to defer settlement of a liability, explain that
rights are in existence if covenants are complied with at the end of the reporting period, and introduce a
definition of 'settlement' to make clear that settlement refers to the transfer to the counterparty of cash,
equity instruments, other assets or services.
The amendments had no material impact on the Group's consolidated financial statements.
203
Table of Contents
2        Adoption of New and Revised Standards
continued
Amendments to IAS 1 Presentation of Financial Statements – Non-current Liabilities with Covenants
The amendments to IAS 1 issued in October 2022 (effective for annual periods beginning on or
after 1 January 2024) specify that only covenants that an entity is required to comply with on or before the
end of the reporting period affect the entity's right to defer settlement of a liability for at least 12 months
after the reporting date (and therefore must be considered in assessing the classification of the liability as
current or non-current). Such covenants affect whether the right exists at the end of the reporting period,
even if compliance with the covenant is assessed only after the reporting date (e.g. a covenant based on
the entity's financial position at the reporting date that is assessed for compliance only after the reporting
date).
The IASB also specifies that the right to defer settlement of a liability for at least 12 months after
the reporting date is not affected if an entity only has to comply with a covenant after the reporting period.
However, if the entity's right to defer settlement of a liability is subject to the entity complying with
covenants within 12 months after the reporting period, an entity discloses information that enables users
of financial statements to understand the risk of the liabilities becoming repayable within 12 months after
the reporting period. This would include information about the covenants (including the nature of the
covenants and when the entity is required to comply with them), the carrying amount of related liabilities
and facts and circumstances, if any, that indicate that the entity may have difficulties complying with the
covenants.
The amendments had no material impact on the Group's consolidated financial statements.
Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures – Supplier
Finance Arrangements
The amendments add a disclosure objective to IAS 7 stating that an entity is required to disclose
information about its supplier finance arrangements that enables users of financial statements to assess
the effects of those arrangements on the entity's liabilities and cash flows. In addition, IFRS 7 was
amended to add supplier finance arrangements as an example within the requirements to disclose
information about an entity's exposure to concentration of liquidity risk.
The amendments had no material impact on the Group's consolidated financial statements.
(b) New and revised IFRS Accounting Standards in issue, but not yet effective
At the date of authorisation of these financial statements, the Group has not applied the following
new and revised IFRS Accounting Standards.
Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates
The amendments to IAS 21 sets out the requirements to help entities to assess exchangeability
between two currencies, and to determine the spot exchange rate, when exchangeability is lacking. An
entity is impacted by the amendments when it has a transaction or an operation in a foreign currency that
is not exchangeable into another currency at a measurement date for a specified purpose.
When a currency is not exchangeable into another currency, the spot exchange rate needs to be
estimated. The objective in estimating the spot exchange rate at a measurement date is to determine the
rate at which an orderly exchange transaction would take place at that date between market participants
under prevailing economic conditions.
The amendments are applicable for annual periods beginning on or after 1 January 2025 with
earlier adoption permitted.
These amendments are not expected to have a material impact on the Group's financial statements
in future periods.
Amendments to IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments:
Classification and Measurement
204
Table of Contents
In May 2024, the IASB issued amendments to IFRS 7 and IFRS 9 which include:
•
A clarification on the derecognition requirements for financial assets and financial liabilities,
including establishing a new accounting policy choice for derecognition of a financial liability when
a payment is initiated by the reporting entity using an electronic payment system provided
specific.
•
Additional guidance on how the contractual cash flows for financial assets with environmental,
social and corporate governance and similar features should be assessed.
•
Clarifications on what constitute 'non-recourse features' and what are the characteristics of
contractually linked instruments.
•
The introduction of disclosures for financial instruments with contingent features and additional
disclosure requirements for equity instruments classified at fair value through other
comprehensive income.
The amendments are effective for annual periods beginning on or after 1 January 2026 with earlier
adoption permitted. The Group is currently assessing the impact of these amendments.
IFRS 18 Presentation and Disclosure in Financial Statements
In April 2024, the IASB issued IFRS 18, which replaces IAS 1 Presentation of Financial Statements.
IFRS 18 introduces new requirements for presentation within the statement of profit or loss, including
specified totals and subtotals. Furthermore, entities are required to classify all income and expenses
within the statement of profit or loss into one of five categories: operating, investing, financing, income
taxes and discontinued operations, whereof the first three are new.
It also requires disclosure of newly defined management-defined performance measures, subtotals
of income and expenses, and includes new requirements for aggregation and disaggregation of financial
information based on the identified 'roles' of the primary financial statements and the notes.
In addition, narrow-scope amendments have been made to IAS 7 Statement of Cash Flows, which
include changing the starting point for determining cash flows from operations under the indirect method,
from 'profit or loss' to 'operating profit or loss' and removing the optionality around classification of cash
flows from dividends and interest. In addition, there are consequential amendments to several other
standards.
IFRS 18, and the amendments to the other standards, is effective for annual periods beginning on
or after 1 January 2027 with earlier adoption permitted. IFRS 18 will apply retrospectively.
205
Table of Contents
2        Adoption of New and Revised Standards
continued
The application of IFRS 18 will have an impact on the Group's consolidated financial statements in
future periods. The assessment to identify all impacts the amendments will have on the consolidated
financial statements is ongoing.
IFRS 19 Subsidiaries without Public Accountability: Disclosures
In May 2024, the IASB issued IFRS 19, which allows eligible entities to elect to apply its reduced
disclosure requirements while still applying the recognition, measurement and presentation requirements
in other IFRS accounting standards. To be eligible, at the end of the reporting period, an entity must be a
subsidiary as defined in IFRS 10, cannot have public accountability and must have a parent (ultimate or
intermediate) that prepares consolidated financial statements, available for public use, which comply with
IFRS accounting standards.
IFRS 19 will become effective for annual periods beginning on or after 1 January 2027 with earlier
adoption permitted.
As the Group's equity instruments are publicly traded, it is not eligible to elect to apply IFRS 19.
3        Material Accounting Policy Information
The Group is required to disclose material accounting policy information. Accounting policy
information is material if it can reasonably be expected to influence decisions that the primary users of
financial statements make on the basis of those financial statements when considered together with other
information included in the financial statements. The Group considers an accounting policy as material if
the information relates to material transactions, other events or conditions or involves a high degree of
uncertainty and has a material impact on the financial statements.
(a) Basis of accounting
The consolidated financial statements of the Group have been prepared on a historical cost basis,
except for the revaluation of certain assets and liabilities that are measured at fair value, as explained in
the accounting policies below.
The principal accounting policies adopted are set out below.
(b) Restatement
The Group restated the consolidated statement of financial position as at 31 December 2023 due to
the correction of errors. The details of the corrections are outlined in note
36.
(c) Basis of consolidation
The consolidated financial statements include the financial statements of the Company and entities
controlled by the Company (its subsidiaries) made up to 31 December each year. Control is achieved
when the Company:
•
has the power over the investee;
•
is exposed, or has rights, to variable return from its involvement with the investee; and
•
has the ability to use its power to affect its returns.
The Company reassesses whether or not it controls an investee if the facts and circumstances
indicate that there are changes to one or more of the three elements of control listed above.
Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and
ceases when the Company loses control of the subsidiary. Specifically, the results of subsidiaries
acquired or disposed of during the year are included in the consolidated income statement from the date
the Company gains control until the date when the Company ceases to control the subsidiary.
206
Table of Contents
3        Material Accounting Policy Information
continued
(d) Current versus non-current classification
Where necessary, adjustments are made to the financial statements of subsidiaries to bring the
accounting policies used in line with the Group's accounting policies. All intragroup assets and liabilities,
equity, income, expenses and cash flows relating to transactions between the members of the Group are
eliminated on consolidation.
The Group presents assets and liabilities in the statement of financial position based on current or
non-current classification. An asset is current when it is:
•
expected to be realised or intended to be sold or consumed in the normal operating cycle;
•
held primarily for the purpose of trading; or
•
expected to be realised within 12 months after the reporting period.
All other assets are classified as non-current.
A liability is current when:
•
it is expected to be settled in the normal operating cycle;
•
it is held primarily for the purpose of trading;
•
it is due to be settled within 12 months after the reporting period; or
•
The Group does not have the right at the end of the reporting period to defer settlement of the
liability for at least 12 months after the reporting period.
The terms of the liability that could, at the option of the counterparty, result in its settlement by the
issue of equity instruments do not affect its classification.
The Group classifies all other liabilities as non-current. Deferred tax assets and liabilities are
classified as non-current assets and liabilities.
(e) Going concern
The Directors have assessed the going concern assumptions during the preparation of the Group's
consolidated financial statements. The Group believes that no events or conditions, including those
related to recent macro-economic events give rise to doubt about the ability of the Group to continue
operating for a period of at least 12 months from the date the financial statements were approved and
authorised for issuance.  This conclusion is drawn based on the knowledge of the Group, and the
estimated economic outlook and identified risks, which have been modelled to be included within several
stress tests. The results of the stress tests highlighted that the Group has sufficient liquidity and capital to
satisfy its regulatory requirements. The Group has sufficient cash and undrawn balances in its credit
facilities. Therefore, the Group expects that it will be able to meet contractual and expected maturities and
covenants. Consequently, it has been concluded that it is reasonable to continue to adopt the going
concern basis of accounting in preparing these consolidated financial statements.
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(f) Business combinations
Acquisitions of businesses are accounted for using the acquisition method. The consideration
transferred in a business combination is measured at fair value, which is calculated as the sum of the
acquisition-date fair values of assets transferred by the Group, liabilities incurred by the Group to the
former owners of the acquiree and the equity interest issued by the Group in exchange for control of the
acquiree. Acquisition-related costs are recognised in the income statement as incurred and presented
within other expenses.
At the acquisition date, the identifiable assets acquired, and the liabilities assumed are recognised
at their fair values at the acquisition date, except that, where relevant:
•
deferred tax assets or liabilities and assets or liabilities related to employee benefit arrangements
are recognised and measured in accordance with IAS 12 Income Taxes and IAS 19 Employee
Benefits respectively;
•
liabilities or equity instruments related to share-based payment arrangements of the acquiree or
share-based payment arrangements of the Group entered into to replace share-based
arrangements of the acquiree are measured in accordance with IFRS 2 at the acquisition date;
and
•
assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Non-
current Assets held for Sale and Discontinued Operations are measured in accordance with IFRS
5.
Goodwill arises on business combinations and represents the excess of the sum of the
consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of
the acquirer's previously held equity interest in the acquiree (if any) over the fair value of the Group's
share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the
Group's share of the identifiable assets, liabilities and contingent liabilities of the acquired business is
greater than the cost of acquisition, the excess is recognised immediately in the income statement as a
bargain purchase gain.
When the consideration transferred by the Group in a business combination includes contingent
consideration, the contingent consideration is measured at its acquisition date fair value. Subsequent
accounting for changes in the fair value of the contingent consideration depends on its classification.
Contingent consideration that is classified as equity is not subsequently remeasured and its settlement is
accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent
reporting dates with changes in fair value recognised in the income statement.
Goodwill has an indefinite useful economic life and is measured at cost less any accumulated
impairment losses. It is tested for impairment annually and whenever there is an indicator of impairment.
Where the carrying value exceeds the higher of the value in use or fair value less cost to sell, an
impairment loss is recognised in the income statement.
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(g) Revenue recognition
The Group's Revenue consists of:
Net commission and fee income
Sales and brokerage commissions are generated by internal brokers and introducing broker
dealers when customers trade exchange traded derivatives, over-the-counter ('OTC') traded derivatives,
fixed income securities and equity securities.
The Group is responsible for executing and clearing its customers' purchases and sales and as
such it acts as principal and commission income is recognised on a gross basis.
Commissions charged to customers on exchange traded derivatives and over-the-counter traded
derivatives are recognised at a point in time on the trade date when a client order is cleared or executed
(i.e. when the performance obligation is satisfied). Commissions charged to customers on traded
securities are sales-based commissions that are recognised at a point in time on the trade date. Sales
based commissions are typically a fixed fee per security transaction and in certain instances, are based
on a percentage of the transaction value.
Commission charged to customers on clearing transactions recoup clearing fees and other fee
expenses incurred. Clearing fees earned represent the recharge of transaction-based fees charged by the
various exchanges and clearing organisations at which the Group or one of its clearing brokers is a
member for the purpose of executing and/or clearing trades through them. Clearing fees incurred are
generally passed through to clients' accounts and are reported gross as the Group maintains control over
the clearing and execution services provided, maintains relationships with the exchanges or clearing
brokers, and has ultimate discretion in whether the fees incurred are passed through to the clients and the
rates at which they are passed through. As clearing fees charged are transactional based, they are
recognised at a point in time on the trade date along with the related commission income when the client
order is cleared or executed.
In connection with the execution and clearing of trades, the Group is required to pay fees to the
executing brokers, exchanges, clearing organisations and banks. These fees are based on transaction
volumes and recognised as commission and fee expense on the trade date. The Group also pays
commissions to third party introducing brokers (individuals or organisations) that maintain relationships
with clients and introduce them to the Group. Introducing brokers accept orders from clients whilst
the Group provides the accounts, transaction, margining and reporting services, including money and
securities from clients. Introducing brokers' commissions are determined monthly and presented in
commission and fee expense in the income statement and settled quarterly. Commission and fee
expenses are generally passed through to clients' accounts. No other costs related to the generation of
commission income are included within commission and fee expense.
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Net trading income
Net trading income includes realised and unrealised gains and losses derived from transactions in
OTC derivatives, exchange traded derivatives, equity instruments, stock borrowing and stock lending,
reverse repurchase agreements, fixed income securities, and foreign exchange. These transactions are
the result of trading activity, being managed at fair value. As such the resulting net trading income
includes the gains and losses on transactions executed with clients and other counterparties, and where
the Group enters into these transactions on its own account.
Net trading income also includes fair value movements on the following financial liabilities
designated at fair value through profit or loss:
•
Structured notes, are hybrid debt securities issued. Fair value movements, excluding those
related to own credit risk and interest expense, are recorded in net trading income;
•
Repurchase agreements and stock loans, held as part of the Group's trading book, are managed
at fair value. The fair value movements, including the realised gain or loss on settlement, and the
interest derived from the activity is recorded within net trading income.
In certain transactions, the transaction price of the financial instrument differs from the fair value
calculated using valuation models. This difference is called day 1 profit or loss and is recognised
immediately in the income statement in net trading income only when:
•
the fair value determined using valuation models is based only on observable inputs;
•
the fair value determined using valuation models is based on both observable and unobservable
inputs but the impact of the unobservable inputs in the fair value is insignificant.
In all other cases, the financial instrument is initially recognised at the transaction price and the
recognition of day 1 profit or loss is deferred and amortised through the term of the deal or to the date
when unobservable inputs become observable (if sooner) unless specific factors relevant to the trade
require a specific recognition pattern.
Net interest income
Interest income includes the interest earned on the cash and financial instruments balances held
on behalf of the Group's clients as well as the Group's own cash balances and the interest earned from
investments in reverse repurchase agreements and US Treasuries which are undertaken on the Group's
own behalf instead of the facilitation of the Group's market making and opportunistic trading activities.
Interest income is calculated using the effective interest rate ('EIR') method. The effective interest rate is
the rate that exactly discounts the estimated future cash payments or receipts over the expected life of
the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected
credit losses) or the amortised cost of the financial liability.
Interest expense includes interest paid to our clients on their balances and interest paid on debt
securities issued and other drawn borrowings. Interest expense is calculated using the effective interest
method. The interest expense component of the Group's structured notes, designated at fair value
through profit or loss is also presented in interest expense. This approach aligns with the way that the
Group manages the issued debt securities, as it considers the structured notes to be a source of liquidity
and funding and therefore the interest flows are crucial to understanding the interest rate sensitivity of the
Group.
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Net physical commodities income
The Group enters into contracts to purchase physical commodities for the purpose of selling in the
near future (
90 days
on average) to generate a profit from the fluctuations in prices. In accordance with
IFRS 9, these contracts are recognised and measured at fair value, with the resulting fair value gains and
losses included in net physical commodities income. Contracts to purchase and sell physical commodities
are provisionally priced at the date that an initial invoice is issued. Provisionally priced contracts are
contracts where the price of the contract is subject to adjustments resulting from these contracts being
priced against a future quoted price after settlement of the underlying commodity. Provisionally priced
payables and receivables are measured initially and subsequently at their fair value through profit and
loss until settlement and are presented within trade payables in the trade and other payables and trade
debtors in the trade and other receivables line item in the statement of financial position.
(h) Tax
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The current tax payable is based on taxable profit for the year. Taxable profit differs from profit
before tax as reported in the income statement because it excludes items of income or expense that are
taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
Group's liability for current tax is calculated using tax rates that have been enacted or substantively
enacted by the balance sheet date.
A provision is recognised for those matters for which the tax determination is uncertain but it is
considered probable that there will be a future outflow of funds to a tax authority. The provisions are
measured at the best estimate of the amount expected to become payable. The assessment is based on
the judgement of tax professionals within the Company supported by previous experience in respect of
such activities and in certain cases based on specialist independent tax advice.
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Deferred tax
Deferred tax is the tax expected to be payable or recoverable on differences between the carrying
amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the
computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax
liabilities are generally recognised for all taxable temporary differences and deferred tax assets are
recognised to the extent that it is probable that future taxable profits will be available against which
deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the
temporary difference arises from the initial recognition of goodwill or from the initial recognition (other than
in a business combination) of other assets and liabilities in a transaction that affects neither the taxable
profit nor the accounting profit.
Deferred tax liabilities are recognised for taxable temporary differences arising on investments in
subsidiaries and associates, and interests in joint ventures, except where the Group is able to control the
reversal of the temporary difference and it is probable that the temporary difference will not reverse in the
foreseeable future. Deferred tax assets arising from deductible temporary differences associated with
such investments and interests are only recognised to the extent that it is probable that there will be
sufficient taxable profits against which to utilise the benefits of the temporary differences and they are
expected to reverse in the foreseeable future.
The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to
the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of
the asset to be recovered.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability
is settled or the asset is realised based on tax laws and rates that have been enacted or substantively
enacted at the balance sheet date.
The measurement of deferred tax liabilities and assets reflects the tax consequences that would
follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle
the carrying amount of its assets and liabilities.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off
current tax assets against current tax liabilities and when they relate to income taxes levied by the same
tax authority and the Group intends to settle its current tax assets and liabilities on a net basis or to
realise the asset and settle the liability simultaneously.
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Current tax and deferred tax for the year
Current and deferred tax are recognised in profit and loss, except when they relate to items that are
recognised in other comprehensive income or directly in equity, in which case, the current and deferred
tax are also recognised in other comprehensive income or directly in equity respectively, with the
exception of the coupon on AT1 securities in respect of which the coupon is charged to equity but the
related tax relief is taken to the income statement tax expense. Where current tax or deferred tax arises
from the initial accounting for a business combination, the tax effect is included in the accounting for the
business combination.
In determining whether uncertain tax positions exist, the Group assesses whether it is probable that
a tax authority will accept the uncertain tax treatment applied or proposed to be applied in its income tax
filings. The Group assesses for each uncertain tax treatment whether it should be considered
independently or whether some tax treatments should be considered together based on what the Group
believes provides a better prediction of the resolution of the uncertainty. The Group measures tax
uncertainties using its best estimate of likely outcomes for which it relies on estimates and assumptions
and may involve judgements about future events. Corporate activity as well as day to day operations may
give rise to tax uncertainties. The Group has determined, with the benefit of opinions from external tax
advisors and legal counsel, where appropriate, that it has provided for all tax liabilities that are probable to
arise from such activities. New information may become available that causes the Group to change its
judgement regarding the adequacy of existing tax liabilities. Such changes could result in incremental tax
liabilities which could have a material effect on cash flows, financial condition and results of operations.
Where the final tax outcome of these matters is different from the amounts that were originally estimated
such differences will impact the income tax and deferred tax provisions in the period in which such
determination is made.
(i) Impairment of non-financial assets
Impairment tests on goodwill and intangible assets with indefinite useful lives (such as brands) are
undertaken annually and whenever there is an indicator of impairment. Other non-financial assets are
subject to impairment tests whenever events or changes in circumstances indicate that their carrying
amount may not be recoverable.
The impairment test is carried out on the asset's cash generating unit (i.e. the smallest group of
assets in which the asset belongs for which management measures separately identifiable cash flows).
Where the asset does not generate cash flows that are independent from other assets, the Group
estimates the recoverable amount of the cash generating unit to which the asset belongs. When a
reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to
individual cash generating units, or otherwise, they are allocated to the smallest group of cash generating
units for which a reasonable and consistent allocation can be identified.
The recoverable amount is the higher of fair value less costs of disposal and value in use. In
assessing value in use, the estimated future cash flows are discounted to their present value using a pre-
tax discount rate that reflects current market assessments of the time value of money and risks specific to
the asset for which the estimates of future cash flows have not been adjusted.
Where the carrying value of an asset exceeds its recoverable amount an impairment loss is
recognised in the income statement.
An impairment loss in respect of goodwill is not reversed. For non-financial assets other than
goodwill, an impairment loss is reversed only to the extent that the asset's carrying amount does not
exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no
impairment loss had been recognised.
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(j) Financial instruments
Initial recognition and measurement
Financial assets and financial liabilities are recognised in the Group's statement of financial position
when the Group becomes a party to the contractual provisions of the instrument.
Financial assets and financial liabilities are initially measured at fair value. Transaction costs that
are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than
financial assets and financial liabilities at fair value through profit and loss) are added to or deducted from
the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair
value through profit and loss are recognised immediately in profit and loss.
Financial assets
All regular way purchases or sales of financial assets are recognised and derecognised on a trade
date basis. Regular way purchases or sales are purchases or sales of financial assets that require
delivery of assets within the timeframe established by regulation or convention in the marketplace.
All recognised financial assets are subsequently measured in their entirety at either amortised cost
or fair value, depending on the classification of the financial assets.
Financial assets that meet both of the following conditions and have not been designated as at fair
value through profit or loss ('FVTPL') are measured at amortised cost:
•
the financial asset is held within a business model whose objective is to hold financial assets in
order to collect contractual cash flows; and
•
the contractual terms of the financial asset give rise on specified dates to cash flows that are
solely payments of principal and interest on the principal amount outstanding.
Financial assets that meet both of the following conditions and have not been designated as at
FVTPL are measured at fair value through other comprehensive income ('FVTOCI'):
•
the financial asset is held within a business model whose objective is achieved by both collecting
contractual cash flows and selling the financial assets; and
•
the contractual terms of the financial asset give rise on specified dates to cash flows that are
solely payments of principal and interest on the principal amount outstanding.
All financial assets not classified as measured at amortised cost or FVTOCI as described above
are measured at FVTPL. This includes all derivative financial assets.
The Group may make the following irrevocable election and/or designation at initial recognition of a
financial asset:
•
the Group may irrevocably elect to present subsequent changes in fair value of an equity
investment in other comprehensive income if certain criteria are met; and
•
the Group may irrevocably designate a debt investment that meets the amortised cost or FVTOCI
criteria as measured at FVTPL if doing so eliminates or significantly reduces an accounting
mismatch.
The following accounting policies apply to the subsequent measurement of financial assets.
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Amortised cost and effective interest rate method
The effective interest rate method is a method of calculating the amortised cost of a debt
instrument and of allocating interest income over the relevant period.
For financial instruments other than purchased or originated credit-impaired financial assets, the
effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees
and points paid or received that form an integral part of the effective interest rate, transaction costs and
other premiums or discounts) excluding expected credit losses, through the expected life of the
debt instrument, or, where appropriate, a shorter period, to the gross carrying amount of the debt
instrument on initial recognition.
The amortised cost of a financial asset is the amount at which the financial asset is measured at
initial recognition minus the principal repayments, plus the cumulative amortisation using the EIR method
of any difference between that initial amount and the maturity amount, adjusted for any loss allowance.
On the contrary, the gross carrying amount of a financial asset is the amortised cost of a financial asset
before adjusting for any loss allowance.
Interest income is recognised using the EIR method for debt instruments measured subsequently
at amortised cost and at FVTOCI. For financial instruments other than purchased or originated credit-
impaired financial assets, interest income is calculated by applying the EIR to the gross carrying amount
of a financial asset, except for financial assets that have subsequently become credit-impaired. For
financial assets that have subsequently become credit-impaired interest income is recognised by applying
the EIR to the amortised cost of the financial asset.
Investments in debt instruments classified as amortised cost
Debt instruments classified as amortised cost are subsequently measured using the EIR method
and are subject to impairment. Gains and losses are recognised in the income statement when the asset
is derecognised, modified or impaired. The Group's financial assets held at amortised cost include US
treasury and agency bonds (classified as Treasury Instruments on the statement of financial position) and
trade receivables.
Investments in equity designated as at FVTOCI
On initial recognition, the Group made an irrevocable election (on an instrument-by-instrument
basis) to designate investments in equity instruments as at FVTOCI. Designation at FVTOCI is not
permitted if the equity investment is held for trading or if it is contingent consideration recognised by an
acquirer in a business combination to which IFRS 3 Business Combinations ("IFRS 3") applies.
A financial asset is held for trading if:
•
it has been acquired principally for the purpose of selling it in the near term; or
•
on initial recognition it is part of a portfolio of identified financial instruments that the Group
manages together and has evidence of a recent actual pattern of short-term profit taking; or
•
it is a derivative (except for a derivative that is a financial guarantee contract or a designated and
effective hedging instrument).
Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction
costs and are presented as investments in the statement of financial position. Subsequently, they are
measured at fair value with gains and losses arising from changes in fair value recognised in other
comprehensive income and accumulated in the revaluation reserve. The cumulative gain or loss will not
be reclassified to profit and loss on disposal of the equity investments; instead it will be transferred to
retained earnings. The Group has designated all investments in equity instruments that are not held for
trading as at FVTOCI on initial application of IFRS 9.
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Financial assets at FVTPL
Financial assets that do not meet the criteria for being measured at amortised cost or FVTOCI are
measured at FVTPL. Specifically:
•
investments in equity instruments are classified as at FVTPL, unless the Group designates an
equity investment that is neither held for trading nor a contingent consideration arising from a
business combination as at FVTOCI on initial recognition; and,
•
debt instruments that do not meet the amortised cost criteria are classified as FVTPL, such as the
fixed income securities and reverse repurchase agreements which the Group holds to settle the
trading and market making obligations of the Group.
For financial assets that are measured at FVTPL, either through the business model test or
designation, interest income is recorded as a part of the changes in the fair value of the asset, and
including other components is recorded within net trading income.  Investments in equity instruments
remeasured at FVTPL include equity securities and derivative instruments which have equities as the
underlier.
Impairment of financial assets
The Group recognises a loss allowance for expected credit losses ('ECL') on investments in debt
instruments that are measured at amortised cost or at FVTOCI. No impairment loss is recognised for
investments in equity instruments. The amount of ECL is updated at each reporting date to reflect
changes in credit risk since initial recognition of the respective financial instrument.
The Group always recognises lifetime ECL for trade receivables. ECL are a probability‐weighted
estimate of credit losses based on both quantitative and qualitative information and analysis, based on
the Group's historical experience and informed credit assessment and forward-looking expectation.
For all other financial instruments, the Group recognises lifetime ECL when there has been a
significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on the
financial instrument has not increased significantly since initial recognition, the Group measures the loss
allowance for that financial instrument at an amount equal to 12-month ECL. The assessment of whether
lifetime ECL should be recognised is based on significant increases in the likelihood or risk of a default
occurring since initial recognition instead of on evidence of a financial asset being credit-impaired at the
reporting date or an actual default occurring. Lifetime ECL represents the ECL that will result from all
possible default events over the expected life of a financial instrument. In contrast, 12-month ECL
represents the portion of lifetime ECL that is expected to result from default events on a financial
instrument that is possible within 12 months after the reporting date.
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Measurement and recognition of expected credit losses
At the reporting date, an allowance is required for the 12-month (Stage 1) ECL. If the credit risk has
significantly increased since initial recognition (Stage 2), or if the financial instrument is credit-impaired
(Stage 3), an allowance (or provision) is recognised for the lifetime ECL.
The measurement of ECL is a function of the probability of default, loss given default (i.e. the magnitude
of the loss if there is a default) and the exposure at default. The assessment of the probability of default
and loss given default is based on historical data adjusted by forward-looking information as in
dicated
ab
ove. As for the exposure at default, for financial assets, this is represented by the assets' gross
carrying amount at the reporting date, less any collateral held.
For financial assets, the ECL is estimated as the difference between all contractual cash flows that are
due to the Group in accordance with the contract and all the cash flows that the Group expects to receive,
discounted at the original effective interest rate.
The grouping is regularly reviewed by management to ensure the constituents of each group continue to
share similar credit risk characteristics.
Where lifetime ECL is measured on a collective basis to cater for cases where evidence of significant
increases in credit risk at the individual instrument level may not yet be available, the financial instruments
are grouped on the following basis:
•
nature of financial instruments; and
•
external credit ratings where available.
If the Group has measured the loss allowance for a financial instrument at an amount equal to lifetime
ECL in the previous reporting period, but determines at the current reporting date that the conditions for
lifetime ECL are no longer met, the Group measures the loss allowance at an amount equal to 12-month
ECL at the current reporting date.
The Group recognises an impairment gain or loss in profit and loss for all financial instruments with a
corresponding adjustment to their carrying amount through a loss allowance account, except for
investments in debt instruments that are measured at FVTOCI, for which the loss allowance is recognised
in other comprehensive income and accumulated in the revaluation reserve, and does not reduce the
carrying amount in the statement of financial position.
Simplified approach
The Group adopts a simplified approach for trade receivables whereby allowances are always
equal to lifetime ECL. The ECL on trade receivables are estimated using a provision matrix by reference
to historical credit losses experience adjusted for current and expected future economic conditions. When
a trade receivable balance is more than 180 days past due, the Group further performs a qualitative
review of the debtor analysing factors such as the debtor's current financial position, past due days, cash
collection history and internal credit ratings to determine whether the Group has reasonable and
supportable information to apply a higher credit loss rate adjusted by forward-looking information.
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Significant increases in credit risk
In assessing whether the credit risk on a financial instrument has increased significantly since initial
recognition, the Group compares the risk of a default occurring on the financial instrument at the reporting
date with the risk of a default occurring on the financial instrument as at the date of initial recognition. In
making this assessment, the Group considers both quantitative and qualitative information that is
reasonable and supportable, including historical experience and forward-looking information that is
available without undue cost or effort.
In particular, the following information is taken into account when assessing whether credit risk has
increased significantly since initial recognition:
•
an actual or expected significant deterioration in the financial instrument's external (if available) or
internal credit rating; and
•
significant deterioration in external market indicators of credit risk for a particular financial
instrument.
The Group assumes that the credit risk on a financial instrument has not increased significantly
since initial recognition if the financial instrument is determined to have low credit risk, based on all of the
following: (i) the financial instrument has a low risk of default in accordance with either internal or external
credit ratings; (ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the
near term; and (iii) adverse changes in economic and business conditions in the long term may, but will
not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group
regularly monitors the effectiveness of the criteria used to identify whether there has been a significant
increase in credit risk and revises them as appropriate to ensure that each criterion is capable of
identifying a significant increase in credit risk before the amount becomes past due.
Definition of default
The Group considers the following as constituting an event of default for internal credit risk
management purposes as historical experience indicates that receivables and other assets that meet
either of the following criteria are generally not recoverable:
•
when there is a breach of financial covenants by the counterparty; or
•
information developed internally or obtained from external sources indicates that the debtor is
unlikely to pay its creditors, including the Group, in full (without taking into account any collateral
held by the Group) or partially.
Credit-impaired financial assets
A financial asset is credit-impaired when one or more events that have a detrimental impact on the
estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-
impaired includes observable data about the following events:
•
significant financial difficulty of the issuer or the borrower;
•
a breach of contract, such as default or past due event;
•
it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation; or
•
the disappearance of an active market for that financial asset because of financial difficulties.
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Write-off policy
The Group writes off a financial asset when there is information indicating that the counterparty is in
severe financial difficulty and there is no reasonable expectation of recovery, e.g. when the counterparty
has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off
may still be subject to collection activities under the Group's recovery procedures, taking into account
legal advice where appropriate. Any recoveries made are recognised in profit and loss.
Presentation of impairment
The Group recognises an impairment gain or loss in profit and loss for all financial instruments with
a corresponding adjustment to their carrying amount through a loss allowance account, except for
investments in debt instruments that are measured at FVTOCI, for which the loss allowance is recognised
in other comprehensive income and accumulated in the revaluation reserve, and does not reduce the
carrying amount of the financial asset in the statement of financial position.
Provision for credit losses related to trade and other receivables, including settlement balances and
deposits paid for securities borrowed are presented on the face of the income statement.
Derecognition of financial assets
The Group derecognises a financial asset only when the contractual rights to the cash flows from
the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of
ownership of the asset to another entity. If the Group neither transfers nor retains substantially all the risks
and rewards of ownership and continues to control the transferred asset, the Group recognises its
retained interest in the asset and an associated liability for amounts it may have to pay. If the Group
retains substantially all the risks and rewards of ownership of a transferred financial asset, the Group
continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds
received.
On derecognition of a financial asset measured at amortised cost, the difference between the
asset's carrying amount and the sum of the consideration received and receivable is recognised in the
income statement. In addition, on derecognition of an investment in a debt instrument classified as at
FVTOCI, the cumulative gain or loss previously accumulated in the revaluation reserve is reclassified to
the income statement. In contrast, on derecognition of an investment in equity instrument which the
Group has elected on initial recognition to measure at FVTOCI, the cumulative gain or loss previously
accumulated in the revaluation reserve is not reclassified to the income statement but is transferred to
retained earnings.
Financial liabilities
All financial liabilities are measured subsequently at amortised cost using the effective interest rate
method or at FVTPL.
Financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition
or when the continuing involvement approach applies and financial guarantee contracts issued by the
Group, are measured in accordance with the specific accounting policies set out below.
Financial liabilities at FVTPL
Financial liabilities are classified as at FVTPL when the financial liability is (i) contingent
consideration recognised by an acquirer in a business combination to which IFRS 3 applies, (ii) held for
trading or (iii) designated as at FVTPL.
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A financial liability is classified as held for trading if:
•
it has been acquired principally for the purpose of repurchasing it in the near term; or
•
on initial recognition it is part of a portfolio of identified financial instruments that the Group
manages together and has a recent actual pattern of short-term profit-taking; or
•
it is a derivative, except for a derivative that is a financial guarantee contract or a designated and
effective hedging instrument.
A financial liability other than a financial liability held for trading or contingent consideration of an
acquirer in a business combination may be designated as at FVTPL upon initial recognition if:
•
such designation eliminates or significantly reduces a measurement or recognition inconsistency
that would otherwise arise; or
•
the financial liability forms part of a group of financial assets or financial liabilities or both, which is
managed and its performance is evaluated on a fair value basis, in accordance with the Group's
documented risk management or investment strategy, and information about the grouping is
provided internally on that basis; or
•
it forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the
entire combined contract to be designated at FVTPL.
Financial liabilities at FVTPL are measured at fair value, with any gains or losses arising on
changes in fair value recognised in the income statement to the extent that they are not part of a
designated hedging relationship. The interest expense on structured notes designated at FVTPL is
recognised in interest expense based on the implied variable market interest rate. The fair value
associated with the remaining underlying risk is recognised in net trading income.
In respect of financial liabilities that are designated as at FVTPL (i.e. structured notes issued,
repurchase agreements and stock lending), the amount of change in the fair value of the financial liability
that is attributable to changes in the credit risk of that liability is recognised in other comprehensive
income, unless the recognition of the effects of changes in the liability's credit risk in other comprehensive
income would create or enlarge an accounting mismatch in the income statement. The remaining amount
of change in the fair value of the liability is recognised in the income statement. Changes in the fair value
attributable to a financial liability's credit risk that are recognised in other comprehensive income are not
subsequently reclassified to the income statement. Instead, they are transferred to retained earnings
upon derecognition of the financial liability.
Financial liabilities measured at amortised cost
Financial liabilities that are not (i) contingent consideration of an acquirer in a business
combination, (ii) held-for-trading, or (iii) designated at FVTPL, are measured subsequently at amortised
cost using the effective interest rate method.
220
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3        Material Accounting Policy Information
continued
Derecognition of financial liabilities
A financial liability is derecognised when the obligation under the liability is discharged, cancelled or
expired. The difference between the carrying amount of the financial liability derecognised and the
consideration paid and payable is recognised in the income statement.
When the Group exchanges with the existing lender one debt instrument into another one with
substantially different terms, such exchange is accounted for as an extinguishment of the original financial
liability and the recognition of a new financial liability. Similarly the Group accounts for substantial
modification of terms of an existing liability or part of it as an extinguishment of the original financial
liability and the recognition of a new liability. The terms are substantially different if the discounted present
value of the cash flows under the new terms, including any fees paid net of any fees received and
discounted using the original effective rate, is at least 10% different from the discounted present value of
the remaining cash flows of the original financial liability. If the modification is not substantial, the
difference between: (i) the carrying amount of the liability before the modification; and (ii) the present
value of the cash flows after modification should be recognised in the income statement as the
modification gain or loss.
Offsetting of financial assets and liabilities
Financial assets and liabilities are offset and the net amount is reported in the statement of financial
position if there is a currently enforceable legal right to offset the recognised amounts and there is an
intention and ability to settle on a net basis, or to realise the assets and liabilities simultaneously.
The financial assets and liabilities which met the requirements for offsetting have been presented in
note
31(d).
Derivative instruments
The Group uses derivative financial instruments, such as forward currency contracts, OTC precious
and base metal contracts, agriculture contracts, energy contracts and equities. Such derivative financial
instruments are initially recognised at fair value on the date on which a derivative contract is entered into
and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair
value is positive and as financial liabilities when the fair value is negative.
This includes embedded derivatives in a hybrid contract, with a financial liability or non-financial
host, is separated from the host and accounted for as a separate derivative if: the economic
characteristics and risks are not closely related to the host; a separate instrument with the same terms as
the embedded derivative would meet  the definition of a derivative; and the hybrid contract is not
measured at fair value through profit or loss. Embedded derivatives are measured at fair value with
changes in fair value recognised in profit or loss. Reassessment only occurs if there is either a change in
the terms of the contract that significantly modifies the cash flows that would otherwise be required or a
reclassification of a financial asset out of the fair value through profit or loss category.
The Group utilises the services of a prime broker to enter into derivative contracts that are used to
hedge its structured notes issuance business. The agreement provides for net settlement of daily margin
calls and in addition, should there be a default event, this would also be settled on a net basis. On this
basis the Group has determined that the balance representing cash held at the prime broker and various
derivative instruments should be shown within 'Derivative Assets' in the statement of financial position.
221
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3        Material Accounting Policy Information
continued
Issued debt and equity instruments
The Group applies IAS 32 Financial Instruments: Presentation to determine whether an instrument
is either a financial liability (debt) or equity. Issued financial instruments or their components are classified
as liabilities if the contractual arrangement results in the Group having an unconditional obligation to
either deliver cash or another financial asset, or a variable number of equity shares, to the holder of the
instrument. If this is not the case, the instrument is generally an equity instrument and the proceeds
included in equity, net of transaction costs. Dividends and other returns to equity holders are recognised
(other than for AT1 securities) when approved for payment by the Board of Directors and treated as a
deduction from equity. Distributions paid to holders of AT1 securities are shown as dividends and are
treated as a deduction from equity.
Debt securities are the Group's issued debt instruments which are comprised of hybrid financial
instruments and vanilla debt instrument. Structured notes issued are hybrid financial instruments and are
composed of debt components and embedded derivatives and are designated as FVTPL. Changes in fair
value are recognised within net trading income except for changes related to the Group's own credit risk
which are recognised in other comprehensive income and interest related to the hybrid debt securities is
presented within interest expense. Vanilla debt instruments are presented within debt securities in line
with their maturity profile and have no other embedded or linked instruments. The Group presents the
hedged interest expense related to vanilla debt instruments through interest expense.
(k) Inventories
The Group applies the broker-dealer exemption to its inventories stated in paragraph 3 of IAS 2,
Inventories. The Group has physical holdings of commodities held for trading purposes. These are
measured at fair value less costs to sell and relate to the recycled metals trading division. The cost of
such inventories including the changes in their fair value is recognised within "Net physical commodities
income" in the Consolidated Income Statement.
The Group holds cryptocurrencies, both for its own account in order to generate a return, and to
complement its cryptocurrency client offerings. The Group does not act as a custodian for crypto and,
other than in limited circumstances, does not allow clients to provide crypto as security for client activity.
The Group holds these cryptocurrencies in either a hot wallet at Fireblocks (kept online) or in cold storage
at a crypto custodian (kept offline). The Group classifies cryptocurrency holdings as inventories on the
statement of financial position measured at fair value less costs to sell.
The Group has holdings of carbon emission certificates held for trading purposes. These are held
at fair value less costs to sell. The cost of such inventories including the changes in their fair value is
recognised within "Net trading income' in the Consolidated income statement.
(l) Physical commodity contracts
The Group trades in physical commodity contracts for the purposes of trading. As such, these
contracts meet the definition of a derivative financial instrument and therefore where outstanding at year
end are recorded at fair value on the statement of financial position with changes in fair value reflected
within net physical commodities income.
222
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3        Material Accounting Policy Information
continued
(m) Hedge accounting
Cash flow hedges
The Group designates certain derivatives as hedging instruments in respect of the foreign currency
risk exposure that arises from firm commitments and the interest rate exposure resulting from customer
balances being placed on deposit in interest bearings accounts over the short term. These hedge
relationships are accounted for as cash flow hedges.
At the inception of the hedge relationship, the Group documents the relationship between the
hedging instrument and the hedged item, along with its risk management objectives and its strategy for
undertaking various hedge transactions. Furthermore, at the inception of the hedge and at each reporting
date or on a significant change in circumstances, the Group documents whether the hedging instrument is
highly effective in offsetting changes in the cash flows of the hedged item.
The effective portion of changes in the fair value of foreign currency forward contracts and interest
rate swaps that are designated and qualify as cash flow hedges is recognised in other comprehensive
income and accumulated in the cash flow hedge reserve. The gain or loss relating to the ineffective
portion, if any, would be recognised immediately in profit or loss.
Amounts previously recognised in other comprehensive income and accumulated in equity are
reclassified to profit or loss in the periods when the hedged item is recognised in profit or loss, in the
same line of the income statement as the recognised hedged item.
Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, or
exercised, or no longer qualifies for hedge accounting. Any gain or loss recognised in other
comprehensive income at that time is accumulated in equity and is recognised when the forecast
transaction is ultimately recognised in profit or loss. When a forecast transaction is no longer expected to
occur, the gain or loss accumulated in equity is recognised immediately in profit or loss.
Fair value hedges
The Group designates certain derivatives as hedging instruments in respect of the fair value of the
fixed rate issuance of debt, in particular the EMTN and Senior Note issuances. The changes in the fair
value of a hedging instrument is recognised in the statement of profit or loss as interest expense. The
change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the
carrying value of the hedged item and is also recognised in the income statement as interest expense.
For fair value hedges relating to items carried at amortised cost, any adjustments to carrying value
are amortised through the interest expense over the remaining term of the hedge using the EIR method.
The EIR amortisation may begin as soon as an adjustment exists and no later than when the hedged item
ceases to be adjusted for changes in its fair value attributable to the risk being hedged. If the hedged item
is derecognised, the unamortised fair value is recognised immediately as interest expense in the profit
and loss.
Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, or
exercised, or no longer qualifies for hedge accounting.
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3        Material Accounting Policy Information
continued
(n) Reverse repurchase agreements, repurchase agreements, stock borrowing and stock lending
Fair value through profit or loss
The Group purchases debt securities under agreements to resell (a reverse repurchase agreement
– 'reverse repo'), debt securities sold under agreements to repurchase (a repurchase agreement - 'repo'),
stock borrowing transactions, and stock lend
ing transactions to meet counterparty needs under matched
book principal strategies managed at fair value, to facilitate market making and trading activities. It is the
Group's policy to receive or pledge cash or securities (non-cash coll
ateral) to collateralise such
agreements and transactions in accordance with contractual arrangements. The Group monitors the fair
value of its collateral daily, requiring counterparties to deposit additional collateral or return collateral
pledged.
Reverse repo and stock borrowing transactions are managed within
a trading model a
nd as a result
they are measured at fair value through profit or loss. Repo and stock lending transactions have been
designated as financial liabilities at fair value through profit and loss during 2024 to reflect the fact that
both assets and liabilities are managed together and therefore better reflects the economic reality, and
avoids a valuation mismatch.
T
he Group records the income statement impact of these reverse repo, repo, stock borrowing and
stock lending activities (collectively referred to as the securities financing business) as net trading income
owing to the nature of the activity undertaken. The desks and the underlying securities are managed on a
fair value basis, with spreads being earned dependent upon the underlying collateral, representing the net
results of the securities financing business. Net trading income includes the realised transactional
purchases and sales as well as any residual interest income and expens
e arising from these structures.
Any non-cash collateral received is not included on the balance sheet as the Group does not
acquire the risk and rewards of ownership, however they are recorded off-balance sheet as collateral
received. Cash consideration paid (or cash collateral provided) is accounted for as a loan asset at
amortised cost unless it is mandatorily classified as fair value through profit or loss. Whereas the
securities and stock are retained on the balance sheet as the Group retains substantially all the risk and
rewards of ownership and these securities and stock are disclosed as pledged collateral. Cash
consideration received (or cash collateral received) is accounted for as a financial liability at amortised
cost unless it is irrevocably designated at fair value through profit or loss at initial recognition.
Amortised cost
The Group also enters into reverse repo, repo, stock borrowing and stock lending transactions for
its own purposes such as investment of excess cash or raising funding (also referred to as 'for needs'
funding).
•
Investment of excess cash to generate a return - The business model is different to the market
making activity above, and therefore the management of the Group's excess cash are accounted
for under the held to collect business model as financial assets at amortised cost with the income
being recorded through interest income.
•
'for needs' funding - This funding activity is separate and distinct from the market making activity
referred to above. The resulting financial liabilities are measured at amortised cost with the
expense being recorded through interest expense.
The treatment of the non-cash collateral received or pledged remains the same regardless of the
business model.
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3        Material Accounting Policy Information
continued
(o) Cash and cash equivalents
The Group considers cash held at banks and all highly liquid investments not held for trading
purposes, with original or acquired maturities of 90 days or less, including certificates of deposit, to be
cash and cash equivalents. Cash and cash equivalents not deposited with or pledged to broker-dealers,
clearing organisations, counterparties or segregated under federal or other regulations is recognised on
the statement of financial position.
Pursuant to the requirements of the Commodity Exchange Act and Commission Regulation 30.7 of
the U.S. Commodity Futures Trading Commission ('CFTC') in the U.S. the Markets in Financial
Instruments Implementing Directive 2006/73/EC underpinning the Client Asset ('CASS') rules in the
Financial Conduct Authority ('FCA') handbook in the U.K. and the Securities & Futures Act in Singapore,
funds deposited by clients relating to futures and options on futures contracts in regulated commodities
must be carried in separate accounts, which are designated as segregated or secured client accounts
(which are off-balance sheet). Additionally, in accordance with rule 15c3-3 of the Securities Exchange Act
of 1934, the Group maintains separate accounts for the exclusive benefit of securities clients and
proprietary accounts of broker dealers. Rule 15c3-3 requires the Group to maintain special reserve bank
accounts for the exclusive benefit of securities clients and the proprietary accounts of broker dealers. The
deposits in segregated client accounts and the special reserve bank accounts are not commingled with
Group funds. Under the FCA's rules certain categories of clients may choose to opt-out of segregation.
(p) Share-based payments
The Group operates various share-based compensation schemes.
Equity-settled share-based payments to employees and others providing similar services are
measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect
of non-market-based vesting conditions. Details regarding the determination of the fair value of equity-
settled share-based transactions are set out in note
35
.
The fair value determined at the grant date of the
equity-settled share-based payments is expensed on a straight line basis over the vesting period, based
on the Group's estimate of the number of equity instruments that will eventually vest.
The expense is recognised in compensation and benefits, together with a corresponding increase
in equity. At each reporting date, the Group revises its estimate of the number of equity instruments
expected to vest as a result of the effect of non-market-based vesting conditions. The impact of the
revision on the original estimates, if any, is recognised in profit or loss such that the cumulative expense
reflects the revised estimate, with a corresponding adjustment to reserves
.
For cash-settled share-based payments, a liability is recognised for the goods or services acquired,
measured initially at the fair value of the liability. At each reporting date until the liability is settled, and at
the date of settlement, the fair value of the liability is remeasured, with any changes in fair value
recognised in the income statement for the year.
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3        Material Accounting Policy Information
continued
(q) Leases
The Group assesses whether a contract is or contains a lease at inception of the contract. That is,
if the contract conveys the right to control the use of an identified asset for a period of time in exchange
for consideration.
The Group as lessee
The Group applies a single recognition and measurement approach for all leases. The Group does
not apply the practical expedient in IFRS 16 for short-term leases and leases of low-value assets. The
Group recognises lease liabilities to make lease payments and right-of-use assets representing the right
to use the underlying assets.
Right-of-use assets
The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date
the underlying asset is available for use). Right-of-use assets are measured at cost, less any
accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities.
The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs
incurred, and lease payments made at or before the commencement date less any lease incentives
received. Right-of-use assets are subsequently measured at cost less accumulated depreciation where
the depreciation is calculated on a straight-line basis.
The right-of-use assets are presented as a separate line in the consolidated statement of financial
position. The Group applies IAS 36 to determine whether a right-of-use asset is impa
ired.
Lease liabilities
At the commencement date of the lease, the Group recognises lease liabilities measured at the
present value of lease payments to be made over the lease term. The lease payments include fixed
payments (less any lease incentives receivable), variable lease payments that depend on an index or a
rate, and amounts expected to be paid under residual value guarantees.
In calculating the present value of lease payments, the Group uses its incremental borrowing rate
at the lease commencement date because the interest rate implicit in the lease is not readily
determinable. After the commencement date, the amount of lease liabilities is increased to reflect the
accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease
liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease
payments (e.g., changes to future payments resulting from a change in an index or rate used to determine
such lease payments) or a change in the assessment of an option to purchase the underlying asset.
The lease liabilities are presented as a separate line in the consolidated statement of financial
position.
226
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3        Material Accounting Policy Information
continued
(r) Trade and other receivables
Trade debtors
Trade debtors are financial assets, consisting of two types. The first are financial assets measured
at amortised cost such as invoiced commissions and amounts receivable for securities sold but not yet
delivered by the Group. The second type are transactions which qualify as financial assets measured at
fair value through profit or loss, such as the provisionally priced invoices on physical commodity sales and
the Group's trade facilitation invoices which the Group has funded.
Amounts due from exchanges, clearing houses and other counterparties
Amounts due from exchanges, clearing houses and other counterparties includes cash deposits to
meet margin requirements. The margin requirements comprise of both initial and daily variation margin to
secure futures, options and over-the-counter products pertaining to the Group's membership of the
exchanges and the legal agreements with the clearing houses and other counterparties. Where the
deposit of cash constitutes settlement, the amounts receivable from the exchanges, clearing houses and
other counterparties constitute cash receivable. There are exchanges where the deposit of cash does not
constitute the settlement of the outstanding position, and when this is the case and where applicable the
balance against these exchanges, clearing houses and other counterparties are reported net reflecting
the initial margin and cash collateral being offset against the unrealised transactions.
Amounts receivable from clients
Receivables from clients include the total net deficits related to client activity in exchange-traded
futures, options and OTC derivative trading accounts. Client deficits arise from realised and unrealised
trading losses as well as any margin transactions. Client deficit accounts are reported gross of client
accounts that contain net credit or positive balances, except where a right of offset exists, or where the
agreement with the client is operated under a title transfer collateral agreement (TTCA). Where clients
operate under TTCA agreements, this represents a single legal agreement, and in particular where these
clients are provided clearing services by the Group, each client is accounted for as a single unit of
account. Regardless of whether the amounts receivable from clients is a single unit of account or whether
they represent part of a gross position, the income from clients is mainly reported through commission
income with interest being earned on client deficits and interest being paid to clients on excess cash on
deposit. Where clients are accounted for as a single unit of account, the net interest income or expense
from the excess cash placed with the Group or owing to the Group from any margin financing will be
recorded net within interest income or interest expense
Default funds and deposits
Default funds and deposits balances with exchanges represent credit risk protection for the
members of exchange, whereby a certain amount of cash is placed on deposit representing the members'
activities and the volatility in the prices of the exchange-traded commodities. These cash deposits are
measured at amortised cost.
Loans receivable
Loans receivable mainly constitute loans made to counterparties outside of the Group such as
clients and other counterparties. These loans are measured initially at fair value and are subsequently
accounted for at amortised cost. The interest income from these loan assets is recorded within interest
income and calculated and recognised on an effective interest rate method.
227
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3        Material Accounting Policy Information
continued
Other debtors
Other debtors mainly consist of interest receivable from banks on cash deposits which is accrued
for in line with payment expectations on average balances and using agreed upon rates. Additionally
other debtors include sign-on bonuses which are amortised over the contractual period.
(s) Trade and other payables
Trade payables
Trade payables are financial liabilities comprised of two types. The first are financial liabilities
measured at amortised cost such as amounts payable for securities delivered but not yet paid. The
second type are transactions which qualify as financial liabilities measured at fair value through profit or
loss, such as provisionally priced invoices on physical commodity contracts.
Amount due to exchanges, clearing houses and other counterparties
Amounts due to exchanges, clearing houses and other counterparties include cash amounts
payable to exchanges where the Group is required to meet margin requirements, either initial or daily
variation margin. These margin requirements are there to secure futures, options and other over-the-
counter products, including forwards. These amounts represent financial liabilities that are recorded at
amortised cost.
Amounts payable to clients
The Group's relationships with its clients are governed by the legal agreements that are signed
between the parties. The amounts due to other counterparties specifically addresses the cash received
from clients for Clearing and Prime Brokerage activity under these legal agreements. The legal
agreements underpin the various different components of a balance with the client; ranging from cash, to
realised and unrealised gains or losses on futures and options, to margin financing. As they are governed
by a single legal agreement, they will be accounted for as a single unit of account. As financial liabilities
that are not (i) contingent consideration of an acquirer in a business combination, (ii) held-for-trading, or
(iii) designated at FVTPL, the single unit of account is initially recorded at fair value but then remeasured
at amortised cost. The one exception being the amounts due to clients which relate to the settlement of
contracts at the London Metal Exchange ('LME'), where the Group is subject to the settlement and
margining requirements of LME Clear. Where clients are requesting to clear LME forward contracts, these
contracts do not settle until the prompt date and cannot be said to settle daily. Any outstanding LME
forwards cleared by the Group will be treated as an amount due to clients constituting a hybrid instrument
which comprises of cash for initial margin, cash collateral and the outstanding forward which will settle in
the future. As a hybrid instrument, the entire instrument will be categorised as a financial liability held at
FVTPL.
Amounts payable to clients include the total of excess pertaining to client activity in exchange
traded futures, options and OTC derivative trading accounts. Client excesses arise from realised and
unrealised trading losses as well as any margin transactions. Client excess accounts are reported gross
of client accounts that contain net debit or negative balances, except where a right of offset exists, or
where the agreement with the client is operated under a title transfer collateral agreement (TTCA). Clients
which operate under TTCA agreements represent a single legal agreement, and in particular where these
clients are provided clearing services by the Group, each client is accounted for as a single unit of
account, within amounts receivable from clients measured at amortised cost, except as above when the
client activity relates to outstanding LME forwards.
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4        Critical accounting judgements and key sources of estimation uncertainty
In the application of the Group's accounting policies, the Directors are required to make
judgements, estimates and assumptions that affect the reported carrying amounts of assets, liabilities,
income and expenses. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant and reasonable under the circumstances.
Estimates and assumptions are reviewed on an ongoing basis and revisions to accounting
estimates are recognised in the period an estimate is revised. The following critical accounting judgement
has been applied in the preparation of these financial statements:
Accounting for Growth Shares
The Group issued Growth Shares and Growth Share Options under previous share-based payment
awards which vest or become exercisable on the occurrence of a liquidity event which was satisfied by
the IPO. The terms of the awards permitted the holders to elect for cash or equity settlement, though in
the absence of an election, the default settlement was through the issuance of non-voting ordinary
shares. In accordance with IFRS 2 Share-Based Payments, these awards were considered to be
compound instruments since the choice of settlement method resided with the holder. Consequently, at
the point of settlement the Group remeasured the liability arising from the cash settlement option to its fair
value. As the awards were all settled in equity, the fair value of the liability was transferred directly to
equity, as the consideration for the equity instruments issued. The Group recorded the fair value of the
cash settlement option liability related to these instruments immediately prior to the IPO at
$
2.3
m
.
Consequently, in line with the subsequent settlement of the liability being through the issuance of non-
voting ordinary shares, the liability was transferred to reserves immediately following the settlement post
IPO through reserves.
Key sources of estimation uncertainty are as follows:
Valuation of the cash settlement option on the Growth Shares and Growth Share Options
The Group recorded the fair value of the cash settlement option liability related to the Growth
Shares and Growth Share Options of
$
2.3
m
.
This fair value was calculated in line with the terms of the
award which provided the potential for the award to be settled in cash, but which is simultaneously
restricted to the amount of cash that Marex Group plc could provide for settlement of the obligation in any
given year based upon its standalone profitability. As Marex Group plc activity only consists of holding
shares of its subsidiaries, it does not have regular income flows. Consequently its profitability is subject to
management actions. The probability and impact of management actions that could have been
reasonably contemplated, the Group's growth rate driving potential internal and external dividend
requirements and the discount rate applied to the cash flows were considered and creates estimation
uncertainty. The estimation uncertainty creates a valuation range for the liability between
$
31.5
m
and
$
0.8
m
, representing the available management actions to take to reduce the cash outflows of any
potential cash settlement option. The highest end of the range is where no management actions are taken
and therefore the least likely. The
$
2.3
m
liability reflects the likelihood of the management actions being
taken and the fact that all the Growth Shares and Growth Share options were settled in equity.
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4        Critical accounting judgements and key sources of estimation uncertainty
continued
Impairment of goodwill
Determining whether goodwill is impaired requires an estimation of the recoverable amount of the
cash generating unit to which the goodwill has been allocated, which is the higher of the value in use or
fair value less costs of disposal. The value in use calculation requires the Group to estimate both the
future revenue from the cash generating unit and a suitable discount rate in order to calculate the present
value.
A number of factors, many of which the Group has no ability to control, could cause actual results
to differ from the estimates and assumptions employed. These factors include:
•
a prolonged global or regional economic downturn;
•
a significant decrease in the demand for the Group's services;
•
a significant adverse change in legal factors or in the business climate;
•
an adverse action or assessment by a regulator; and
•
successful efforts by our competitors to gain market share in our markets.
Where the actual future revenues are less than expected, or changes in facts and circumstances
which result in a downward revision of future cash flows or an upward revision of the discount rate, a
material impairment loss or a further impairment loss may arise.
The key sources of estimation uncertainty in the assessment of goodwill impairment are the
assumptions around the discount rates, revenue and cost growth rates as well as terminal growth rates.
The value in use calculation uses the cash flows inferred from budgets or achieved during the period and
applies the assumptions above to create a discounted cash flow model. The cash flows do not include
restructuring activities that the Group is not yet committed to or significant future investments that will
enhance the performance of the assets of the cash generating unit being tested. The recoverable amount
is sensitive to the discount rate used as well as the growth rates both growth and terminal. These
estimates are most relevant to the testing of goodwill for impairment. The key assumptions used to
determine the recoverable amount for the different CGUs, including a sensitivity analysis, are disclosed
and further explained in note
11
.
Impairment of acquired intangible assets
An impairment exists when an asset's carrying value exceeds its recoverable amount. The
recoverable amount is determined as the higher of fair value less costs of disposal and value in use. A
portion of the premium paid for acquiring Cowen's Prime Services and Outsourced Trading business
represented the customer lists of the acquired businesses. The fair value less costs of disposal was
calculated in line with the purchase price allocation exercise conducted by valuations experts, while the
Group separately computed the value in use. The cash flow projections were based on actual revenues
and costs incurred in 2024, applying the growth factors consistent with the impairment model.
Neither the value in use nor the fair value less costs of disposal models incorporated a terminal
growth rate. Instead, both models projected revenues over the useful life of the assets. The useful lives of
the intangible assets were determined at acquisition based on historical customer attrition rates. Key
sources of estimation uncertainty used to determine the recoverable amount include the revenue and cost
growth rates, the discount rate applied and customer attrition rate assumptions. The key assumptions
used to determine the recoverable amount of the customer relationships, including a sensitivity analysis,
are disclosed and further explained in note
12
.
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5        Segmental Analysis
Revenues within the scope of IFRS 15 of
$
772.1
m
(2023:
$
631.9
m
;
2022:
$
351.8
m
) are included
within commission and fee income in the income statement. In addition, the net proceeds from a
commitment to simultaneously buy and sell financial instruments with counterparties on matched principal
basis, which are not in the scope of IFRS 15 are also recorded within commissions and fee income.
Revenues that are not within the scope of IFRS 15 are presented within net trading income, net
interest income and net physical commodities income in the income statement.
The below disaggregation shows the revenue by each of the
five
operating segments. The
substantial majority of the Group's performance obligations for revenues from contracts with clients are
satisfied at a point in time. Revenue recognised over time is not material.
Operating segment information is presented in a manner consistent with the internal reporting provided
to the Chief Operating Decision Maker ('CODM'). The CODM, who is responsible for allocating resources and
assessing performance, has been identified as the Group's Executive Committee. The CODM regularly
reviews the Group's operating results in order to assess performance and to allocate resources. The
accounting policies of the operating segments are the same as the Group's accounting policies.
Adjusted Profit Before Tax (previously labelled as 'Adjusted operating profit/(loss)') is the segmental
performance measure and excludes income and expenses that are not considered directly related to the
performance of our segments as detailed in the reconciliation below.
For management purposes, the Group is organised into the following operating segments, based
on the services provided, as follows:
•
Clearing – the interface between exchanges and clients. The Group provides the connectivity that
allows its clients access to exchanges and central clearing houses. As clearing members, the
Group acts as principal on behalf of its clients and generates revenue on a commission per trade
basis. The Group provides clearing services across
four
principal markets: metals, agricultural
products, energy and financial securities markets across different geographies.
•
Agency and Execution – The Group matches buyers and sellers by facilitating price discovery
primarily across energy and financial securities markets. The Agency and Execution segment
primarily generates revenue on a commission per trade basis without material credit or market risk
exposure. In addition to listed products that trade directly on exchanges, many of the Group's
markets are traded on an OTC basis.
•
Market Making – The Group acts as principal to provide direct market pricing to professional and
wholesale counterparties, primarily within the metals, agriculture, energy and financial securities
markets. The Market Making segment primarily generates revenue through charging a spread
between buying and selling prices, without taking significant proprietary risk. The Market Making
operations are diversified across geographies and asset classes.
•
Hedging and Investment Solutions – The Group offers bespoke hedging and investment solutions to
its clients and generates revenue through a return built into the product pricing. Tailored hedging
solutions allow producers and consumers of commodities to hedge their exposure to movements in
market prices, as well as exchange rates, across a variety of different time horizons.
•
The Corporate segment includes the Group's control and support functions: finance, treasury, IT,
risk, compliance, legal, human resources and executive management to support the operating
segments. Corporate manages the resources of the Group, makes investment decisions and
provides operational support to the business segments. Corporate manages the Group's funding
requirements, interest expense is incurred through debt securities issuance, which is recharged to
other segments thorough inter-segmental funding allocations to reflect their consumption of these
resources. Interest Income is generated  on cash balances. The adjusted loss before tax includes
the expenses related to costs of the functions that are not recovered from the operating segments
and corporate costs.
231
Table of Contents
Segment information for the year ended
31 December 2024
:
Clearing
Agency and
Execution
Market
Making
Hedging and
Investment
Solutions
Corporate
Total
$m
$m
$m
$m
$m
$m
Commission and fee income
950.8
652.5
14.8
—
—
1,618.1
Commission and fee expense
(
687.8
)
(
55.4
)
(
18.8
)
—
—
(
762.0
)
Net commission income/
(expense)
263.0
597.1
(
4.0
)
—
—
856.1
Net trading income
5.2
61.3
215.6
210.3
0.0
492.4
Interest income/(expense)
317.8
39.2
—
—
(
129.9
)
227.1
Inter-segmental funding
allocations
1
(
119.7
)
(
4.6
)
(
20.7
)
(
48.8
)
193.8
0.0
Net interest income/(expense)
198.1
34.6
(
20.7
)
(
48.8
)
63.9
227.1
Net physical commodities
income
—
2.2
16.9
—
—
19.1
Revenue
466.3
695.2
207.8
161.5
63.9
1,594.7
Adjusted profit/(loss) before
tax
247.3
107.9
65.6
42.0
(
141.7
)
321.1
Other segment information
Depreciation and amortisation
(
0.4
)
(
0.8
)
(
0.4
)
(
0.7
)
(
27.2
)
(
29.5
)
Compensation and benefits
(
118.4
)
(
449.5
)
(
89.7
)
(
70.2
)
(
243.3
)
(
971.1
)
1.
The Inter-segmental funding allocation represents the interest costs borne by the Group, excluding interest earned centrally on house cash balances, which is subsequently
recharged to the business segments. The recharge is based on the funding requirements of each business.
Segment information for the year ended
31 December 2023
:
232
Table of Contents
Clearing
Agency and
Execution
Market
Making
Hedging and
Investment
Solutions
Corporate
Total
$m
$m
$m
$m
$m
$m
Commission and fee income
825.1
506.8
10.5
—
—
1,342.4
Commission and fee expense
(
588.9
)
(
33.4
)
(
15.2
)
—
—
(
637.5
)
Net commission income/
(expense)
236.2
473.4
(
4.7
)
—
—
704.9
Net trading income/
(expense)
1.2
62.1
182.8
165.7
(
0.4
)
411.4
Interest income/(expense)
232.9
8.7
(
3.9
)
—
(
116.1
)
121.6
Inter-segmental funding
allocations
1
(
96.7
)
(
2.7
)
(
27.0
)
(
37.6
)
164.0
—
Net interest income/
(expense)
136.2
6.0
(
30.9
)
(
37.6
)
47.9
121.6
Net physical commodities
income
—
—
6.7
—
—
6.7
Revenue
373.6
541.5
153.9
128.1
47.5
1,244.6
Adjusted profit/(loss) before
tax
185.0
71.9
33.3
33.8
(
94.0
)
230.0
Other segment information
Depreciation and amortisation
(
0.3
)
(
0.8
)
(
0.3
)
(
0.3
)
(
25.4
)
(
27.1
)
Compensation and benefits
(
88.2
)
(
368.1
)
(
72.7
)
(
51.0
)
(
190.3
)
(
770.3
)
1.
The Inter-segmental funding allocation represents the interest costs borne by the Group, excluding interest earned centrally on house cash balances, which is subsequently
recharged to the business segments. The recharge is based on the funding requirements of each business.
Segment information for the year ended
31 December 2022
:
233
Table of Contents
Clearing
Agency and
Execution
Market
Making
Hedging and
Investment
Solutions
Corporate
Total
$m
$m
$m
$m
$m
$m
Commission and fee income
424.7
220.7
5.6
—
—
651.0
Commission and fee expense
(
280.0
)
(
13.6
)
(
5.6
)
—
—
(
299.2
)
Net commission income/
(expense)
144.7
207.1
—
—
—
351.8
Net trading income/(expense)
—
18.4
179.1
128.2
(
0.4
)
325.3
Interest income/(expense)
70.6
6.1
(
1.4
)
—
(
45.9
)
29.4
Intersegmental funding
allocations
(
15.3
)
(
0.9
)
(
9.7
)
(
28.2
)
54.1
—
Net interest income/
(expense)
55.3
5.2
(
11.1
)
(
28.2
)
8.2
29.4
Net physical commodities
income
—
—
4.6
—
—
4.6
Revenue
200.0
230.7
172.6
100.0
7.8
711.1
Adjusted profit/(loss) before
tax
77.5
23.4
66.5
27.8
(
73.5
)
121.7
Other segment information
Depreciation and amortisation
(
0.3
)
(
0.2
)
(
0.3
)
(
0.1
)
(
12.9
)
(
13.8
)
Compensation and benefits
(
55.8
)
(
162.3
)
(
75.3
)
(
40.9
)
(
104.3
)
(
438.6
)
Clearing provides connectivity between clients, exchanges and clearing houses across
four
principal
markets: metals, agriculture, energy and financial products.
Agency and Execution provides services primarily across
two
core markets: energy and financial
securities. Revenue for 2024 can be split as follows: energy $
286.3
m (2023: $
219.8
m; 2022: $
140.4
m) and
financial securities $
407.2
m (2023: $
319.8
m; 2022: $
88.7
m).
Market Making operates within
four
principal markets: metals, agriculture, energy and financial
securities. Revenue for 2024 can be split as follows: metals $
105.9
m (2023: $
69.3
m; 2022: $
88.7
m),
agriculture $
33.8
m (2023: $
27.5
m; 2022: $
20.3
m), energy $
32.5
m (2023: $
31.6
m; 2022: $
52.1
m) and
financial securities $
35.6
m (2023: $
25.5
m; 2022: $
11.5
m).
Hedging and Investment Solutions provides high quality bespoke hedging and investment solutions
across
two
core markets: hedging solutions and financial products. Revenue for 2024 can be split as follows:
hedging solutions $
69.2
m (2023: $
62.0
m; 2022: $
52.4
m,) and financial products $
92.3
m (2023: $
66.1
m;
2022: $
47.6
m).
Corporate net interest income is derived through earning interest on house cash balances placed at
banks and exchanges, Revenue for 2024 is $
63.9
m (2023: $
47.5
m; 2022: $
7.8
m).
Contract assets
There were
no
assets that met the definition of a contract asset as at 31 December 2024 (2023: $
nil
,
2022: $
nil
)
Reconciliation of total segments Adjusted Profit Before Tax to the Group's profit before tax per the
income statement:
234
Table of Contents
2024
2023
2022
$m
$m
$m
Total segments adjusted profit before tax
321.1
230.0
121.7
Goodwill impairment charge
1
—
(
10.7
)
(
53.9
)
Bargain purchase gains
2
—
0.3
71.6
Acquisition costs
3
—
(
1.8
)
(
11.5
)
Amortisation of acquired brands and customer lists
4
(
5.5
)
(
2.1
)
(
1.7
)
Activities relating to shareholders
5
(
2.4
)
(
3.1
)
(
0.5
)
Employer tax on vesting of the growth shares
6
(
2.2
)
—
—
Owner fees
7
(
2.4
)
(
6.0
)
(
3.4
)
IPO preparation costs
8
(
8.6
)
(
10.1
)
(
0.7
)
Fair value of the cash settlement option on the growth shares
9
(
2.3
)
—
—
Public offering of ordinary shares
10
(
1.9
)
—
—
Profit before tax
295.8
196.5
121.6
1.
Goodwill impairment charge in 2023 relates to the impairment recognised for goodwill relating to the Volatility Performance Fund S.A. CGU ('VPF') largely due to declining
projected revenue. The goodwill impairment charge in 2022 relates to the impairment charge recognised for the OTC Energy CGU largely due to declining budgeted
performance and macroeconomic factors, such as high inflation and interest rates.
2.
A bargain purchase gain was recognised as a result of the ED&F Man Capital Markets division acquisition.
3.
Acquisition costs are costs, such as legal fees incurred in relation to the business acquisitions of ED&F Man Capital Markets business, the OTCex group and Cowen's Prime
Services and Outsourced Trading business.
4.
This represents the amortisation charge for the period of acquired brands and customers lists.
5.
Activities in relation to shareholders primarily consist of dividend-like contributions made to participants within certain of our share-based payments schemes.
6.
Employer tax on vesting of the growth shares represents the Group's tax charge arising from the vesting of the growth shares.
7.
Owner fees relate to management services fees paid to parties associated with the ultimate controlling party based on a percentage of our EBITDA in each year, presented
in the income statement within other expenses.
8.
IPO preparation costs related to consulting, legal and audit fees, presented in the income statement within other expenses.
9.
Fair value of the cash settlement option on the growth shares represents the fair value liability of the growth shares at
$
2.3
m
. Subsequent to the initial public offering when
the holders of the growth shares elected to settle the awards in ordinary shares, the liability was derecognised.
10.
Costs relating to the public offerings of ordinary shares by certain selling shareholders.
The Group's Revenue and total assets by geography are as follows. In presenting geographical
information, revenue is based on the geographic location of the legal entity where the customers' revenue
is recorded. Non-current assets are based on the geographic location of the legal entity where the assets
are recorded.
Revenue
Total Assets
1
2024
2023
2022
2024
2023
$m
$m
$m
$m
$m
United Kingdom
710.8
607.2
414.4
6,094.7
3,825.0
United States
581.7
422.0
238.1
17,322.9
13,312.5
Rest of the world
302.2
215.4
58.6
894.9
474.1
Total
1,594.7
1,244.6
711.1
24,312.5
17,611.6
1.
Non-current assets included in Group assets as at 31 December 2024 amounted to
$
337.7
m
(2023:
$
293.0
m
), being
$
259.6
m
in
the United Kingdom (2023:
$
234.7
m
),
$
61.7
m
in the United States (2023:
$
46.3
m
) and $
16.4
m
in the rest of the world (2023:
$
12.0
m
. Tangible non-current assets included in non-current assets as at 31 December 2024 amounted to
$
106.5
m
(2023:
$
73.4
m
, being
$
54.4
m
in the United Kingdom (2023:
$
30.2
m
),
$
37.5
m
in the United States (2023:
$
32.6
m
) and
$
14.6
m
in the
rest of the world (2023:
$
10.6
m
).Tangible non-current assets includes property, plant and equipment, right-of-use assets and
investments.
The balances in Rest of the world mainly consist of those from countries in Europe and the Asia
Pacific region, none of which are individually material for separate disclosure.
Non-current assets for this purpose consist of goodwill, intangible assets, property, plant and
equipment, right-of-use assets and investments.
235
Table of Contents
6      Interest income and expense
2024
2023 Restated
1
2022 Restated
1
Amortise
d Cost
FVTPL
Total
Amortise
d Cost
FVTPL
Total
Amortise
d Cost
FVTPL
Total
$m
$m
$m
$m
$m
$m
$m
$m
$m
Interest Income
Financial institutions
2
309.0
0.0
309.0
261.0
0.0
261.0
87.0
0.0
87.0
Exchanges
156.1
27.6
183.7
108.1
21.7
129.8
11.0
7.2
18.2
Securities
3
220.0
0.0
220.0
179.7
0.0
179.7
78.9
0.0
78.9
Clients
4
52.0
0.5
52.5
21.3
0.0
21.3
10.3
0.0
10.3
737.1
28.1
765.2
570.1
21.7
591.8
187.2
7.2
194.4
Interest expense
Clients
5
(
256.8
)
(
0.3
)
(
257.1
)
(
216.7
)
0.0
(
216.7
)
(
29.7
)
0.0
(
29.7
)
Borrowings and debt
issued
6
(
47.1
)
(
170.4
)
(
217.5
)
(
37.6
)
(
142.2
)
(
179.8
)
(
3.6
)
(
55.1
)
(
58.7
)
Exchanges
7
(
40.0
)
0.0
(
40.0
)
(
36.3
)
0.0
(
36.3
)
(
32.8
)
0.0
(
32.8
)
Securities
8
(
20.0
)
0.0
(
20.0
)
(
35.0
)
0.0
(
35.0
)
(
42.8
)
0.0
(
42.8
)
Lease interest expense
(
3.5
)
0.0
(
3.5
)
(
2.4
)
0.0
(
2.4
)
(
1.0
)
0.0
(
1.0
)
(
367.4
)
(
170.7
)
(
538.1
)
(
328.0
)
(
142.2
)
(
470.2
)
(
109.9
)
(
55.1
)
(
165.0
)
Net interest income
369.7
(
142.6
)
227.1
242.1
(
120.5
)
121.6
77.3
(
47.9
)
29.4
1.
Certain categories of interest income and expense have been
restated
to better reflect the appropriate underlying business driver.
2.
Interest income earned from investment of customer funds into securities purchased under agreements to resell or purchases of US Treasury securities.
3.
Securities interest income primarily arising from US Treasuries held as collateral for securities purchased under agreements to resell, and securities segregated under
Federal and other regulation and interest income from the Group's stock lending activities within the Group's held to collect business model.
4.
Interest income from clients is the result of credit lines offered to clients.
5.
Interest expense includes interest paid to clients on cash deposited with the Group by clients.
6.
Interest expense from debt securities includes the interest component on structured notes and the coupons for Group issuance. Interest expense from Group Issuance was
$
44.7
m
(2023:
$
33.4
m
; 2022: $
nil
) and interest expense on structured notes was
$
170.4
m
(2023:
$
142.2
m
; 2022:
$
55.1
m
). Structured notes are measured at fair value
through profit or loss.
7.
Interest expense from balances placed at exchanges, clearing houses, and intermediary brokers placed at these counterparties to facilitate transactional activity. Interest
expense is calculated using an internal deposit rate linked to the benchmark interest rates.
8.
Securities expense primarily relates to interest expenses on stock lending transactions initiated to fund customer positions and interest expense from the Group's stock
lending activities within the Group's held to collect business model.
7        Compensation and benefits
236
Table of Contents
2024
2023
2022
$m
$m
$m
Wages and salaries
845.6
680.0
382.5
Share-based compensation expense
29.6
20.3
16.7
Employer's national insurance contributions and similar taxes
60.0
43.2
26.7
Short-term monetary benefits
17.9
15.6
7.3
Defined contribution pension cost
11.8
8.9
3.8
Apprenticeship levy
0.8
0.7
0.4
Redundancy payments
5.4
1.6
1.2
Total staff costs
971.1
770.3
438.6
As at 31 December 2024, there were contributions totall
i
ng
$
1.6
m
(20
23:
$
1.6
m
) payable to the
defined contribution pension scheme by the Group.
8      Other expenses
2024
2023
2022
$m
$m
$m
Professional fees
87.5
61.4
44.1
Non-trading technology and support
59.6
45.8
36.7
Trading systems and market data
68.5
54.6
25.2
Occupancy and equipment rental
25.7
23.0
11.8
Travel and business development
25.6
20.6
10.2
Communications
8.4
7.4
8.1
Bank fees
8.7
5.4
4.1
Owner fees
2.4
6.0
3.4
VAT (irrecoverable)
4.6
2.7
1.7
Other
15.3
10.5
2.5
306.3
237.4
147.8
9      Tax
(a) Tax expense
237
Table of Contents
2024
2023
2022
$m
$m
$m
Current tax
UK corporation tax on profit for the year
40.2
38.9
19.0
Foreign corporation tax on profit for the year
43.1
23.1
4.8
Total UK and Foreign corporation tax
83.3
62.0
23.8
Adjustment in respect of prior years:
UK corporation tax
0.2
0.9
0.8
Foreign corporation tax
(
0.1
)
1.0
(
0.1
)
Total adjustments in respect of prior years
0.1
1.9
0.7
83.4
63.9
24.5
Deferred tax
Origination and reversal of temporary differences
(
5.3
)
(
9.3
)
(
1.0
)
Adjustment in respect of prior years – other
(
0.3
)
0.6
(
0.1
)
(
5.6
)
(
8.7
)
(
1.1
)
Tax expense for the year
77.8
55.2
23.4
Deferred tax charge relating to items recognised in OCI
Items that may be reclassified subsequently to profit and loss
(
7.9
)
0.3
0.5
Items that will not be recycled to profit and loss
(
3.1
)
(
1.4
)
(
1.5
)
(
11.0
)
(
1.1
)
(
1.0
)
Current tax expense relating to items recognised in Equity
(
0.9
)
—
—
Deferred tax expense relating to items recognised in Equity
(
12.8
)
(
2.4
)
—
(b) Reconciliation between tax expense and profit before tax
The Group's reconciliation between the tax expense and profit before tax is based on its domestic
UK tax rate. The tax assessed for the year is higher (2023: higher; 2022: higher) than the standard rate of
corporation tax in the UK of 25% (2023: 23.5%; 2022: 19.0%). This is primarily driven by material non-
deductible acquisition and IPO preparation expenses incurred during the year, offset by deductions taken
in respect of the Group's AT1 securities issuance in June 2022. Under IAS12, whilst the coupon on the
AT1 is accounted for in equity, the related tax relief is recognised in the Income Statement which
generates a material tax reconciling item. The headline rate of UK corporation tax increased from 19% to
25% on 1 April 2023 which results in a blended effective rate of 23.50% for 2023 and 25% for 2024 and
future periods.
The Group's future tax expense will be sensitive to the geographic mix of profits earned, the tax
rates in force and changes to the tax rules in the jurisdictions in which the Group operates.
238
Table of Contents
2024
2023
2022
$m
$m
$m
Profit before tax
295.8
196.5
121.6
Expected tax expense based on the standard rate of corporation tax
in the UK of 25% (2023: 23.50%; 2022: 19.0%)
73.9
46.2
23.1
Explained by:
Effect of overseas tax rates
2.2
0.7
1.0
Income not subject to tax
(
0.5
)
(
0.7
)
(
0.2
)
Expenses not deductible for tax purposes
6.4
4.7
4.2
Non-deductible goodwill adjustments
—
2.5
(
2.3
)
Movements in deferred tax not recognised
(
0.7
)
2.9
(
1.0
)
Deductible payments on AT1 securities
(
3.3
)
(
3.1
)
(
1.3
)
Tax rate change
—
(
0.5
)
(
0.8
)
Prior year adjustments
(
0.2
)
2.5
0.7
Tax expense for the year
77.8
55.2
23.4
(c) Impact of Pillar II model rules on the group
In December 2021, the OECD released the Pillar Two model rules, also referred to as the 'Global
Anti-Base Erosion' or 'GLOBE' rules. Several jurisdictions in which the Group operates have adopted the
OECD rules including the UK and France who have both transposed the rules into their respective tax
legislation effective for years beginning on or after 31 December 2023.The Group is expected to meet the
criteria to be subject to these rules. The Group currently has trading operations in the following low tax
jurisdictions with an IAS 12 Effective Tax Rate ('ETR') below 15%: Ireland and the UAE. Ireland and the
UAE are both subject to tax at a headline rate of less than 15% and as such we will be required to make a
top-up payment in both jurisdictions to bring the effective tax rate up to 15%. The impact of these is set
out below for the year ended 31 December 2024.
2024
$m
Ireland
0.1
United Arab Emirates
0.7
Total current tax expense related to Pillar II
0.8
10      Dividends Paid and Proposed
Dividends of
$
63.8
m
were paid to ordinary shareholders during the year ended 31 December 2024
(2023:
$
45.0
m
; 2022: $
nil
) as follows:
•
First interim dividend for the year ended 31 December 2024 paid at
$
0.41
per share.
•
Second and third interim dividends for the year ended 31 December 2024 paid at
$
0.14
per share
in line with the Group's progressive dividend policy.
Dividends per weighted number of shares amounted to
$
0.22
in 2023.
Refer to note
28
for dividends paid to holders of Additional Tier 1 securities.
11      Goodwill
239
Table of Contents
2024
2023
$m
$m
Cost
At 1 January
239.2
220.4
Additions during the year
12.9
18.8
Cost at 31 December
252.1
239.2
Impairment losses at 1 January
(
75.6
)
(
64.9
)
Impairment of Volatility Performance Fund S.A.
—
(
10.7
)
Net book value at 31 December
176.5
163.6
(a) Goodwill impairment testing
For the purpose of impairment testing, goodwill has been allocated to the CGUs which represent
the level at which goodwill is monitored and managed:
2024
2023
$m
$m
Group goodwill by CGU:
Energy
86.3
83.7
CSC Commodities UK Limited
20.6
20.6
Agriculture
11.4
11.4
Volatility Performance Fund S.A.
—
—
Rosenthal Collins Group
10.5
10.5
Volcap Trading Partners Limited
7.8
7.8
X-Change Financial Access LLC
6.1
6.1
Recycled Metals
4.6
4.6
ProTrader
3.3
3.3
Marex Spectron Europe Limited
2.0
2.0
Arfinco S.A.
0.5
0.5
OTCex
13.0
12.5
Cowen's Prime Services and Outsourced Trading Business
1
5.5
0.6
Dropet
1.8
—
I.L.S. Brokers Limited
3.1
—
As at 31 December
176.5
163.6
1
There has been an increase in the Cowen goodwill due to the recognition of deferred tax on the customer list intangible recorded as a part of the finalisation of the purchase
price
agreement and the finalisation of the provisional accounting during 2024.
The Group performed the annual impairment test as at 1 October each year. Between annual tests,
the Group reviews each CGU for impairment triggers that could adversely impact the valuation of the
CGU and, if necessary, undertakes additional impairment testing. In assessing whether an impairment is
required, the carrying value of the CGU is compared with the recoverable amount, which is determined by
calculating both the fair value less cost of disposal ('FVLCD') and the value in use ('VIU'). The higher of
these two amounts is compared with the carrying value of the CGU. If either the VIU or the FVLCD
is higher than the carrying value, no impairment is necessary.
Goodwill arising from business combinations during the year has been allocated to CGUs that are
expected to benefit from the synergies and summarised as follows:
•
Goodwill amounting to
$
2.5
m
arising on the acquisition of Pinnacle Fuel LLC has been allocated
to the Energy CGU.
240
Table of Contents
•
Dropet and ILS have been identified as standalone CGUs, with goodwill amounting to
$
1.8
m
and
$
3.1
m
arising on the acquisition of each business, respectively, recognised during the year. The
allocation of goodwill to each CGU represents the lowest level at which the goodwill is monitored
for internal management purposes.
No
impairment arose as a result of the annual impairment
testing over goodwill during the year. In 2023, the impairment charge was against the Volatility
Performance Fund S.A. CGU ('VPF'). Due to a combination of projected performance and
macroeconomic factors, the recoverable amount for the VPF of
$
6.4
m
,
based upon its VIU, was
lower than its carrying value of
$
17.1
m
and an impairment charge of
$
10.7
m
was recognised.
As at 31 December 2024, the review of the indicators of impairment did not require any further
testing
(b) Key assumptions
•
The fair value less cost of disposal is determined by applying a price earnings multiple to the post-
tax earnings of each CGU arising in the period and for the effect of any organisational changes to
the CGU. The price earnings multiples applied are derived from comparable peer companies.
•
Comparable peers are those against whom our stakeholders evaluate our performance, whilst the
price earnings multiples are obtained from third party market data providers. The provision of data
from third party data sources, such as Bloomberg, would suggest that this data and therefore any
valuation conducted using this data would contain only observable market data. However,
management applies a level of judgement in the application of this data and in determining the
price earnings multiple.
•
In assessing the VIU, a discounted cash flow model is used covering a
5
year projected period,
which drives the valuation of the CGUs. VIU was calculated using post-tax discount rates and
post-tax cash flows. An equivalent pre-tax discount rate was determined and has been presented
in the table below. Future projections are based on the most recent financial projections
considered by the Board of Directors as at the valuation date which are used to project post-tax
cash flows for the next
5
years
. After this period, a steady cash flow is used to derive a terminal
value for the CGU.
•
The stable terminal growth rate for each CGU has been assessed on a standalone basis taking
into account market and company expectations for each unit which are summarised as follows:
•
Energy, Agriculture and Marex Spectron Europe Limited have been forecast using a terminal
growth rate of
nil
% owing to voice brokerage not expected to be a growth business in the long
term.
•
All other CGUs are expected to grow at
2
%
which is in line with the long-run sustainable growth
rate and inflation target across all economies in which the Group operates.
•
During 2023, the stable terminal growth rate of all CGUs was expected to be
2
%
.
•
Discount rates represent the current market assessment of the risks specific to each CGU, taking
into consideration the time value of money and individual risks of the assets that have not been
incorporated in the cash flow estimates. The discount rate calculation is based on the market
assessment of the weighted average cost of capital derived from observable inputs at the
valuation date.
•
The other assumption for the VIU calculation is that total direct costs are expected to grow by
5.0
%
over the first
2
years of the
5
year projected period for all CGUs in line with the global
headline inflation forecast before stabilizing at between
0
-
2
% for the remaining term based on
management's individual CGU forecasts. In 2023, total direct costs were expected to grow by
3.2
%
over the
5
year projected period for all CGUs, with the exception of Cowen's Prime Services
and Outsourced Trading Business and OTCex SA Group, where total direct costs were expected
to grow by only
1.1
%
and
2.2
%
, respectively; driven by inflation in the near term.
241
Table of Contents
The following inputs represent key assumptions for each CGU in 2024:
CGU
Pre-tax
valuation
discount
rate
Breakeven
discount
rate
Valuation
revenue
growth
rate
Breakeven
revenue
growth
rate
Breakeven
terminal
value
growth
rate
Valuation
cost
growth
rate
Breakeven
cost
growth
rate
Energy
12.3
%
20.8
%
1.2
%
(
4.8
%)
(
19.4
%)
2.0
%
12.2
%
CSC Commodities UK Limited
12.3
%
27.2
%
2.4
%
(
5.2
%)
(
49.2
%)
3.2
%
13.7
%
Agriculture
12.7
%
40.7
%
1.2
%
(
10.9
%)
n.m.
1
2.0
%
20.1
%
Volatility Performance Fund S.A.
—
%
—
%
—
%
—
%
—
%
—
%
—
%
Rosenthal Collins Group
11.6
%
17.9
%
2.4
%
(
0.9
%)
(
9.4
%)
3.2
%
7.8
%
Volcap Trading Partners Limited
11.3
%
12.4
%
2.4
%
1.4
%
0.4
%
3.2
%
5.1
%
X-Change Financial Access LLC
11.6
%
15.2
%
2.4
%
0.7
%
(
3.8
%)
3.2
%
5.6
%
Recycled Metals
10.3
%
40.6
%
2.8
%
(
13.9
%)
n.m.
1
3.2
%
28.4
%
ProTrader
12.3
%
59.0
%
2.4
%
(
2.2
%)
n.m.
1
3.2
%
8.5
%
Marex Spectron Europe Limited
9.8
%
41.2
%
1.2
%
(
7.1
%)
n.m.
1
2.0
%
16.3
%
Arfinco S.A.
10.9
%
11.7
%
2.4
%
1.8
%
0.9
%
3.2
%
4.3
%
OTCex
10.7
%
26.7
%
2.8
%
(
3.1
%)
(
53.1
%)
3.2
%
10.8
%
Cowen's Prime Services and
Outsourced Trading Business
11.9
%
12.9
%
2.8
%
2.5
%
0.6
%
3.2
%
3.9
%
1   n.m.not meaningful
•
This table does not include Dropet and ILS because these businesses were acquired after the annual impairment test. The associated goodwill was reviewed for
indicators of impairment as at 31 December 2024.
The following inputs represent key assumptions for each CGU in 2023:
CGU
Pre-tax
valuation
discount
rate
Breakeven
discount
rate
Valuation
revenue
growth
rate
Breakeven
revenue
growth
rate
Breakeven
terminal
value
growth
rate
Valuation
cost
growth
rate
Breakeven
cost
growth
rate
Energy
12.9
%
35.5
%
0.8
%
(
8.9
%)
(
52.3
%)
3.2
%
17.3
%
CSC Commodities UK Limited
12.9
%
16.7
%
3.2
%
1.0
%
(
2.1
%)
3.2
%
15.2
%
Agriculture
12.9
%
43.2
%
2.4
%
(
10.2
%)
(
157.2
%)
3.2
%
22.2
%
Volatility Performance Fund S.A.
9.7
%
4.9
%
3.2
%
8.7
%
5.8
%
3.2
%
(
7.1
%)
Rosenthal Collins Group
11.1
%
150.8
%
1.2
%
0.2
%
n.m.
1
3.2
%
n.m.
1
Volcap Trading Partners Limited
12.9
%
42.2
%
3.2
%
(
11.6
%)
(
132.3
%)
3.2
%
27.5
%
X-Change Financial Access LLC
11.0
%
17.6
%
2.0
%
(
0.5
%)
(
4.9
%)
3.2
%
10.3
%
Recycled Metals
12.9
%
14.1
%
3.2
%
3.4
%
0.7
%
3.2
%
5.2
%
ProTrader
13.0
%
345.5
%
1.8
%
(
3.1
%)
n.m.
1
3.2
%
17.9
%
Marex Spectron Europe Limited
9.0
%
19.8
%
3.2
%
2.5
%
(
15.5
%)
3.2
%
15.2
%
Arfinco S.A.
9.7
%
12.0
%
2.4
%
1.3
%
(
0.1
%)
3.2
%
5.4
%
OTCex SA Group
10.3
%
11.4
%
3.2
%
3.1
%
1.0
%
2.2
%
2.6
%
Cowen's Prime Services and
Outsourced Trading Business
10.5
%
19.8
%
3.3
%
0.9
%
(
11.0
%)
1.1
%
5.4
%
1.
1   n.m.not meaningful
242
Table of Contents
The impact on future cash flows resulting from falling growth rates does not reflect any
management actions that would
be taken
.
In 2022 an impairment charge of
$
53.9
m
was recognised in relation to the Energy CGU due to
declining budgeted performance and macroeconomic factors, such as high inflation and interest rates.
12      Intangible Assets
Customer
Relationships
1
Brands
Software
Total
$m
$m
$m
$m
Cost
At 1 January 2023
17.5
0.3
26.3
44.1
Additions on acquisitions
32.1
1.8
0.2
34.1
Additions
—
—
3.1
3.1
Disposals
—
—
(
0.1
)
(
0.1
)
At 31 December 2023
49.6
2.1
29.5
81.2
Additions on acquisitions
3.1
0.3
—
3.4
Additions
—
—
8.2
8.2
Disposals
(
0.3
)
—
—
(
0.3
)
At 31 December 2024
52.4
2.4
37.7
92.5
Impairment provisions and amortisation
At 1 January 2023
3.3
0.1
15.1
18.5
Charge for the year
2.1
—
4.6
6.7
Disposals
—
—
—
—
At 31 December 2023
5.4
5.4
0.1
0.1
19.7
19.7
25.2
Charge for the year
5.2
0.3
5.3
10.8
Disposals
—
—
—
—
At 31 December 2024
10.6
0.4
25.0
36.0
Net book value
At 31 December 2024
41.8
2.0
12.7
56.5
At 31 December 2023
44.2
2.0
9.8
56.0
1.
Customer relationships, with a net book value of
$
41.8
m
(2023:
$
44.2
m
), mainly relate to the acquisitions of RCG
$
1.6
m
(2023:
$
2.0
m
), Volcap
$
3.7
m
(2023:
$
4.2
m
), XFA
$
3.0
m
(2023:
$
3.5
m
), Eagle Commodities
$
4.3
m
(2023:
$
5.2
m
), Cowen's Prime Service and Outsourced Trading Business
$
21.5
m
(2023:
$
24.4
m
) and GMN
$
2.2
m
(2023:
$
2.6
m
). The remaining amortisation periods are
3.25
years for RCG,
5.75
years for Volcap,
5
years for XFA,
7.4
years for Eagle Commodities,
8
years for Cowen's Prime
Service and Outsourced Trading Business and
7.4
years for GMN.
The Group reviews all intangible assets for indicators of impairment as at 31 December each year.
Both internal and external sources of information are considered when assessing whether indications
exists that an asset may be impaired. As at 31 December 2024, an impairment trigger was identified when
assessing expected cash flows relating to acquired customer relationships, which resulted in the carrying
amount thereof being tested for impairment. No indicators of impairment were identified during 2023.
The recoverable amount of the intangible was based on the asset's value in use which exceeded
its recognised carrying amount thus no impairment recognised.
The value in use was calculated over the remaining useful life of the intangible.
The useful life of
the intangible was determined at acquisition based on historical customer attrition rates.The forecasted
customer attrition rates were calculated by using the attrition rates for Prime Brokerage and Outsourced
243
Table of Contents
Trading which are
10
%
and
20
%
respectively. The estimated useful life of  Prime Brokerage and
Outsourced Trading customers is
10
and
7
years respectively. The customer attrition rates have an impact
on revenue and costs as the revenue and costs decrease in line with the customer attrition rates. As a
result of using the customer attrition rates to forecast revenue and costs, there was no need for a long
term growth rate to be used in the value in use.
Revenue is forecast to grow by
5
%
in 2025,
3
%
in 2026 and
2
%
over the remaining useful life. The
growth is calculated after taking into account the customer attrition rates. The increase in 2025 is driven
by synergistic benefits from the intangible being purchased in 2023 and the increase in 2026 aligns with
global growth estimates.
The discount rate represents the current market assessment of the risks specific to the CGU to
which the asset is allocated and is based on the market assessment of the weighted average cost of
capital derived from observable inputs at the valuation date.
The following inputs represent key assumptions used to determine the value in use:
Pre-tax
valuation
discount rate
Breakeven
discount rate
Valuation
revenue
growth rate
Breakeven
revenue
growth rate
Breakeven
attrition rate
Valuation cost
growth rate
Breakeven
cost growth
rate
Customer Relationships
17.0
%
80.0
%
2.4
%
(
10.9
%)
27.4
%
2.6
%
20.6
%
Other key assumptions relate to the cost growth rate, with total direct costs forecast to grow at
5
%
for the first
2
years and
2
%
over the remaining useful life in line with the global headline inflation forecast.
The cost growth is calculated after taking into account the customer attrition rates.
13      Property, Plant and Equipment
244
Table of Contents
Leasehold
improvements
Computer
equipment
Furniture,
fixtures and
fittings
Total
$m
$m
$m
$m
Cost
At 1 January 2023
13.9
25.1
6.1
45.1
Additions on acquisitions
0.5
0.2
0.6
1.3
Additions
3.7
3.5
1.8
9.0
At 1 January 2024
18.1
28.8
8.5
55.4
Additions on acquisitions
—
0.1
—
0.1
Additions
5.6
5.0
1.1
11.7
Disposals
(
0.1
)
(
0.1
)
(
0.1
)
(
0.3
)
At 31 December 2024
23.6
33.8
9.5
66.9
Depreciation
At 1 January 2023
6.8
22.3
4.2
33.3
Charge for the year
1.5
2.4
1.6
5.5
At 1 January 2024
8.3
24.7
5.8
38.8
Charge for the year
2.5
3.9
0.9
7.3
Disposals
—
—
—
—
At 31 December 2024
10.8
28.6
6.7
46.1
Net book value
At 31 December 2024
12.8
5.2
2.8
20.8
At 31 December 2023
9.8
4.1
2.7
16.6
Property, plant and equipment is measured at cost less accumulated depreciation and impairment.
Depreciation of property, plant and equipment begins when they are available for use (i.e. when they are
in the location and condition necessary for them to be capable of operating in the manner intended by
management). Depreciation is calculated on a straight-line basis over an asset's estimated useful life. The
estimated useful economic lives of the Group's property, plant and equipment are:
Leasehold improvements
over the remaining length of the lease or
5
years straight-line, where appropriate
Computer equipment and other hardware
2
to
5
years straight-line
Furniture, fixtures and fittings
2
to
5
years straight-line
14      Investments
(a) Investments
245
Table of Contents
2024
2023
$m
$m
Cost
At 1 January
16.2
16.4
Additions
5.1
0.2
Revaluation of investments held at FVTOCI
3.4
—
Change in value of investments held at FVTPL
—
(
0.4
)
Disposals
(
0.7
)
—
At 31 December
24.0
16.2
Listed investments
12.6
10.7
Unlisted investments
11.4
5.5
At 31 December
24.0
16.2
Investments mainly comprise shares and seats held in clearing houses which are deemed relevant
to the Group's trading activities and are classified as FVTOCI financial assets and recorded at fair value,
with changes in fair value reported in equity within the revaluation reserve. The fair value for these
investments is based on valuations as disclosed in note
31
.
On 25 September 2024 the Group invested
$
5
m
in return for a
1.2
%
stake in Key Carbon,
representing a minority stake in Key Carbon Ltd (Key Carbon) and providing financing for carbon offset
projects. Key Carbon sources and finance carbon credit projects and provides ongoing governance,
monitoring and operational support to ensure its projects are held to the highest quality and integrity
standards. The investment provides Marex with access to a wider carbon client base as well as future
streams of carbon credits which will grow the environmentals business and support clients through the
low carbon transition. As the Group has a minority stake without significant influence and it is not held for
trading, the equity investment in Key Carbon is accounted for as an investment in equity designated at
FVTOCI.
246
Table of Contents
15      Business Combinations
Acquisitions in 2024:
(a) Acquisition of Pinnacle Fuel LLC
On 5 January 2024, the Group acquired
all
of the share capital in Pinnacle Fuel LLC ('Pinnacle)
from Empire Holdings Group LLC for the consideration noted below. Pinnacle is a physical oil trading
business and has been purchased in order to facilitate the back-to-back oil trading business.
$m
Cash consideration
4.0
Total consideration
4.0
Fair value of identifiable net assets:
Trade and other receivables
0.8
Intangible assets
1.5
Trade and other payables
(
0.8
)
Total fair value of identifiable assets and liabilities
1.5
Goodwill
2.5
Intangible assets
The customer list intangible assets relate to new customer relationships introduced to the Group.
The fair value was determined by using the excess earnings method.
Trade and other receivables
Trade and other receivables consist of trade receivables of
$
0.8
m
. The fair value of trade
receivables approximates to their book value. Gross contractual amounts of trade receivables are
$
0.8
m
.
Acquisition related costs
Acquisition related costs (included in other expenses) amounted to
$
0.2
m
.
Contribution to the Group's results
Pinnacle contributed
$
2.3
m
revenue and a profit before tax of
$
1.0
m
to the Group's results for the
period between the date of acquisition and the reporting date. Pinnacle did
not
generate any profit or loss
between the first day of the financial year and its acquisition date, thus there would be
no
impact on
revenue and profit before tax should the entity have been acquired on the first day of the year.
Goodwill
The goodwill recognised on acquisition related to the expected growth and revenue synergies with
the Group's existing product and service offerings and the valuation of Pinnacle's workforce which cannot
be separately recognised as an intangible asset.
(b) Acquisition of Dropet
On 1 October 2024, the Group acquired certain assets which qualified as a business combination,
from Dropet Intertrade SL and Dropet Brokers Limited for the consideration noted below. Dropet
comprises a physical biofuel broking business and a derivatives trading business. The acquisition gives
the Group additional capabilities in physical biofuel products.
247
Table of Contents
$m
Cash consideration
2.0
Total consideration
2.0
Fair value of identifiable net assets:
Intangible asset
0.2
Total fair value of identifiable assets and liabilities
0.2
Goodwill
1.8
Intangible asset
The intangible asset acquired as part of the transaction consists of the Dropet brand.
Contribution to the Group's results
The asset acquisition of Dropet contributed
$
0.8
m
revenue and a profit before tax of
$
0.3
m
to the
Group's results for the period between the date of acquisition and the reporting date. It is impracticable to
determine the impact of the asset acquisition on the performance of the Group had it been acquired on
the first day of the financial year owing to the  financial information for the acquired assets not being
maintained separately in the acquiree's records prior to the disposal date.
Goodwill
The goodwill recognised on acquisition related to expected growth and revenue synergies with the
Group's existing product and service offerings and the valuation of the workforce taken over which cannot
be separately recognised as an intangible asset.
(c) Acquisition of ILS Brokers Limited
On 1 December 2024, the Group, through Spectron Services Limited, a wholly owned subsidiary,
acquired
all
of the share capital in ILS Brokers Limited ('ILS') for the consideration noted below. ILS is a
multinational brokerage house based in Tel Aviv. The acquisition will create growth opportunity within
Capital Markets to enhance the FX offering to other currencies.
$m
Cash consideration
5.3
Total consideration
5.3
Fair value of identifiable net assets:
Intangible assets
1.7
Cash and cash equivalents
0.3
Trade and other receivables
1.1
Property, plant and equipment
0.1
Right of use asset
0.2
Lease Liability
(
0.3
)
Trade and other payables
(
0.6
)
Deferred tax liability
(
0.3
)
Total fair value of identifiable assets and liabilities
2.2
Goodwill
3.1
Trade and other receivables
248
Table of Contents
Trade and other receivables consist of trade receivables of
$
0.8
m
and other debtors of
$
0.3
m
. The
fair value of trade receivables approximates to their book value. Gross contractual amounts of trade
receivables are
$
0.8
m
.
Contribution to the Group's results
ILS contributed
$
0.3
m
revenue and a loss before tax of
$
8
k
to the Group's results for the period
between the date of acquisition and the reporting date. If the acquisition of ILS had been completed on
the first day of the financial year, Group revenue for the year would have increased by
$
4.5
m
and Group
profit before tax would have increased by
$
0.2
m
.
Acquisition related costs
Costs directly related to the acquisition (included in other expenses) consist mainly of legal
expenses totalling
$
0.1
m
.
Goodwill
The goodwill recognised on acquisition related to the expected growth and revenue synergies with
the Group's existing product and service offerings and the valuation of ILS' workforce and brand which
cannot be separately recognised as an intangible asset.
Provisional accounting
The preliminary consideration for the acquisition consisted of the fixed premium of
$
4.5
m
and the
net asset value of
$
0.8
m
totalling
$
5.3
m
. The net asset value was based upon the initial closing balance
sheet dated
31 October 2024.
As per the share purchase agreement, the legal mechanism to true up to the final consideration
and net assets is that
120
days
after the completion date (31 March 2025) both the buyer and seller agree
on a completion balance sheet as at 1 December 2024 detailing the assets and liabilities that were
purchased as a part of the acquisition.
Acquisitions in 2023:
(a) Acquisition of OTCex SA Group companies
On
1 February 2023
, the Group acquired
100
%
of the share capital of the entities engaged in voice
brokerage from OTCex SA (HPC SA, OTCex Hong Kong, OTCex LLC). The acquisition of the
three
companies was accounted for as a single acquisition under IFRS 3. The acquisition expanded the
capabilities and geographical reach of the capital markets business.
249
Table of Contents
FX rate
$m
Cash consideration
(
€
54.8
m
)
1.0864
€/$
59.6
Contingent consideration
4.2
Total consideration
63.8
Fair value of identifiable net assets:
Property, plant and equipment
1.3
Intangible assets
1.7
Right-of-use assets
6.3
Cash and cash equivalents
29.8
Trade and other receivables
70.2
Trade and other payables
(
51.7
)
Lease liabilities
(
6.3
)
Taxes
(
0.3
)
Deferred tax liability
(
0.2
)
Total fair value of identifiable assets and liabilities
50.8
Goodwill
1
13.0
1. There was an adjustment to the goodwill during 2024 resulting from an adjustment to the contingent consideration.
Intangible assets
Intangible assets acquired as part of the transaction consist of the HPC (
$
1.0
m
) and OTCex (
$
0.7
m
)
brands.
Trade and other receivables
Trade and other receivables consist of trade receivables of
$
58.9
m
and other debtors of
$
11.3
m
. The
fair value of trade receivables approximates to their book value. Gross contractual amounts of trade
receivables are
$
58.9
m
.
Contribution to the Group's results
OTCex contributed
$
139.6
m
revenue and a profit before tax of
$
0.3
m
to the Group's results for the
period between the date of acquisition and the reporting date. If the acquisition of OTCex had been
completed on the first day of the financial year, Group revenue for the year would have increased by
$
151.2
m
and Group profit before tax would have increased by
$
0.1
m
.
Consideration
The consideration paid is split between the net asset value of the acquisition balance sheets of the
entities being purchased of
$
48.9
m
(
€
45.0
m
), a premium
$
10.7
m
(
€
9.8
m
) and contingent consideration. As
the contingent consideration is calculated as a specific percentage of earnings of the acquired business for
the
4
-year period following the acquisition date, it is not possible to estimate a range as the contingent
consideration is based upon earnings which could be uncapped as the earnings of the business are not
capped. The fair value of the contingent consideration was
$
5.0
m
(
€
4.6
m
) at the acquisition date. This
represented the Group's estimate of the present value of the cash outflows and based on the best estimate
of the profit levels of the acquired business after combination. At 31 December 2023, the deferred
contingent consideration credit was revalued downwards by
$
1.3
m
(
€
1.2
m
) to
$
3.7
m
(
€
3.4
m
) as a result of
the post acquisition performance of the acquired entities not meeting the required hurdle rate in the first
year. This reduction in the contingent consideration liability has been recognised as a reduction in the value
of goodwill associated with the transaction.
Acquisition-related costs
Acquisition-related costs (included in other expenses) amounted to
$
0.6
m
.
250
Table of Contents
Goodwill
The goodwill recognised on acquisition relates to expected growth and revenue synergies with the
Group's existing product and service offerings. The total amount of goodwill that is expected to be deductible
for tax purposes is
$
1.8
m
.
(b) Acquisition of Global Metals Network Limited
On
1 July 2023
, the Group acquired
all
of the share capital in Global Metals Network Limited ('GMN')
from
two
private individuals for the consideration noted below. GMN is a recycled metals market maker and
was purchased to augment the Group's current recycled metals strategy and to support our clients as they
transition towards a low-carbon economy.
$m
Cash consideration
3.4
Total consideration
3.4
Fair value of identifiable net assets:
Cash and cash equivalents
1.9
Trade and other receivables
2.3
Intangible assets
2.6
Deferred tax liability
(
0.4
)
Trade and other payables
(
3.4
)
Total fair value of identifiable assets and liabilities
3.0
Goodwill
0.4
Trade and other receivables
The fair value of trade receivables approximates to their book value.
Intangible assets
The customer list intangible assets relates to new customer relationships introduced to the Group.
In addition to the new customers, the purchase brings in a well-known market maker with knowledge and
expertise in the global recycled metals market.
Trade and other payables
The trade and other payables relate to trade creditors and accrued expenses.
Contribution to the Group's results
GMN contributed
$
1.4
m
revenue and a loss before tax of
$
0.5
m
to the Group's results for the
period between the date of acquisition and the reporting date. If the acquisition of the business and assets
had been completed on the first day of the financial year, Group revenue for the year would have
increased by
$
2.5
m
and Group profit before tax would have decreased by
$
0.7
m
. GMN incurred costs of
$
0.3
m
as a result of the acquisition during the period ended 31 December 2023.
251
Table of Contents
Acquisitions in 2023 continued:
(c) Acquisition of Eagle Energy Brokers LLC
On
1 August 2023
, the Group acquired
all
of the share capital in Eagle Energy Brokers LLC (which
owns
100
%
of the share capital of Eagle Commodities Brokers Limited) from
two
private owners. Eagle
Energy Brokers LLC ('Eagle') was purchased to augment the existing OTC energy business.
$m
Cash consideration
10.7
Total consideration
10.7
Fair value of identifiable net assets:
Cash and cash equivalents
1.1
Trade and other receivables
2.0
Intangible assets
5.2
Trade and other payables
(
1.5
)
Deferred tax liability
(
1.4
)
Total fair value of identifiable assets and liabilities
5.4
Goodwill
5.3
Trade and other receivables
The fair value of trade receivables approximates to their book value. Gross contractual amounts of
trade receivables are
$
2.0
m
.
Intangible assets
The customer list intangible assets acquired consists of over
150
clients ranging from oil majors,
trading houses, banks and hedge funds between the commodities and environmental businesses leading
to significant ongoing revenue streams. The Group expects to benefit significantly from the acquisition of
these new customer relationships while seeking synergies with other parts of the Group's business.
Contribution to the Group's results
Eagle contributed
$
5.8
m
revenue and a profit before tax of
$
0.8
m
to the Group's results for the
period between the date of acquisition and the reporting date. If the acquisition of the entity had been
completed on the first day of the financial year, Group revenue for the year would have increased by
$
12.1
m
and Group profit before tax would have decreased by
$
0.1
m
.
Goodwill
The goodwill recognised on acquisition related to expected growth and revenue synergies with the
Group's existing product and service offerings.
(d) Acquisition of Cowen's Prime Services and Outsourced Trading business
On
1 December 2023
, the Group acquired the business and entities related to Cowen's prime
services and outsourced trading business ('Cowen') from Toronto-Dominion Bank. The transaction was
structured as an acquisition of trading assets in Hong Kong and the US, and
all
of the issued share capital
of Cowen International Limited being purchased by the Company and its subsidiaries . The Group
acquired this business to augment the capital markets business line, adding a significant number of new
clients, and increasing its client offering to prime services.
For the purposes of the 2023 financial statements, provisional accounting was applied. The
preliminary consideration for the acquisition consisted of the fixed premium of
$
25.0
m
and the net asset
value of
$
81.3
m
totalling
$
106.3
m
. The net asset value being based upon the closing balance sheet
dated 31 October 2023. As a part of closing there were adjustments to the net asset value totalling
$
11.6
m
which reduced the total consideration.
252
Table of Contents
The below shows the impact of the finalised accounting:
$m
Cash consideration
94.7
Total consideration
94.7
Fair value of identifiable net assets:
Intangible assets
24.0
Property, plant and equipment
0.1
Trade and other receivables
803.5
Derivative instruments – asset
14.0
Cash and cash equivalents
56.3
Trade and other payables
(
790.2
)
Derivative instruments – liability
(
14.0
)
Deferred tax liability
(
4.5
)
Total fair value of identifiable assets and liabilities
89.2
Goodwill
1
5.5
1.
There has been an increase in the Cowen goodwill due to the recognition of deferred tax on the customer list intangible recorded as a part of the finalisation of the purchase
price
agreement and the finalisation of the provisional accounting during 2024. As the amount was immaterial, it was not retrospectively recorded.
Trade and other receivables and Trade and other payables
Trade and other receivables and trade and other payables represent cash amounts due from and
due to brokers and clients. The fair value of the amounts due from brokers and clients and due to brokers
and clients approximates their book value.
Derivative instrument
Both the derivative asset and liabilities represent the fair value of outstanding foreign exchange
instruments held at fair value through P&L
Contribution to the Group's results
The business and assets acquired from Cowen contributed to
$
6.2
m
to the Group's revenue and
$
1.2
m
of profit before tax for the period between the date of acquisition and the year ended 31 December
2023. If the acquisition of the business and assets had been completed on the first day of the financial
year, the Group's revenue for the year would increased by
$
112.9
m
and the profit before tax would have
increased by
$
8.0
m
.
Acquisition related costs
Costs directly related to the acquisition (included in other expenses) consists mainly of legal
expenses totalling
$
1.1
m
.
(e) Acquisition of ED&F Man Capital Markets Hong Kong Limited
On
8 February 2023
, the Group acquired
all
of the issued share capital of ED&F Man Capital
Markets Hong Kong Limited for the consideration noted below.
253
Table of Contents
$m
Cash consideration
1.9
Total consideration
1.9
Recognised amounts of identifiable net assets:
Cash and cash equivalents
2.2
Trade and other receivables
0.1
Right-of-use asset
0.6
Trade and other payables
(
0.2
)
Lease liabilities
(
0.5
)
Total fair value of identifiable assets and liabilities
2.2
Bargain purchase gain
0.3
Trade and other receivables
The fair value of trade and other receivables approximates to their book value.
Acquisition-related costs
Acquisition-related costs (included in other expenses) amount to
$
0.1
m
.
Bargain purchase gain
A bargain purchase gain of
$
0.3
m
was recognised as a result of the acquisition. The transaction
resulted in a gain due to the discount applied to the purchase; the gain has been recognised within the
Group's income statement. The transaction resulted in a gain due to the desire of the seller to exit the
capital markets business segment and raise capital to meet financial obligations. The lack of other
companies that could acquire the business allowed Marex to obtain an acquisition price that was at a
material discount to the tangible net asset value of the acquired businesses.
16      Treasury Instruments - Unpledged and Pledged
(a) Unpledged
As at 31 December 2024, the Group held
$
609.7
m
Treasuries and other similar instruments (such
as reverse repos) which were unpledged (2023:
$
542.6
m
). These instruments will fully mature by
30 June
2027.
(b) Pledged as collateral
Treasury instruments pledged as collateral comprise US Treasuries and agency bonds which will
fully mature b
y
30 June 2027
. At ye
ar end, the Group has pledged
$
2,959.0
m
(2023:
$
2,363.0
m
) US
Treasuries to counterparties as collateral for securities purchased under agreements to resell, and
securities segregated under Federal and other regulations. Financial instruments which have been
pledged in this way are held under certain terms and conditions set out in specific agreements with each
counterparty. In these agreements it is generally stated that whilst the US Treasury is pledged at the
counterparty the Group cannot sell or transfer the financial instrument or have any third party rights
associated with the financial instrument whereby it can be used as security towards any further
financing activities.
2024
2023
$m
$m
Treasury instruments (pledged as collateral) - (non-current)
46.1
300.4
Treasury instruments (pledged as collateral) - (current)
2,912.9
2,062.6
2,959.0
2,363.0
254
Table of Contents
(c) Unpledged and pledged non-current/current analysis
2024
2023
$m
$m
Treasury instruments (non-current)
99.6
361.2
Treasury instruments (current)
3,469.1
2,544.4
3,568.7
2,905.6
17      Fixed Income Securities
Fixed income securities are corporate bonds which are invested in as a part of the Group's Agency
and Execution and Hedging and Investment Solutions segments. The aim of investing in these securities
are to realise the value through the crystallisation of the spread between buying and selling ,in Agency
and Execution, and as hedges to client positions in Hedging and Investment Solutions.
2024
2023
$m
$m
Fixed income securities (current)
87.7
76.7
18      Reverse Repurchase Agreements and Repurchase Agreements
These assets and liabilities relate to business activities of the Group, and are invested to generate
an income from the spread between the rate earned on the reverse repurchase agreement and the rate
paid on the repurchase agreement. These assets and liabilities are measured at fair value through profit
or loss.
2024
2023
$m
$m
$m
$m
Amortised
Cost
Fair value
through
Profit or
Loss
2
Amortised
Cost
(Restated
1
)
Fair value
through
Profit or Loss
(Restated
1
)
Reverse repurchase agreements
—
2,490.4
—
3,199.8
Repurchase agreements
—
(
2,305.8
)
(
3,118.9
)
—
—
184.6
(
3,118.9
)
3,199.8
1.
The prior year comparatives at amortised cost have been restated to be designated as fair value through profit or loss. The fair value and amortised cost measurement
bases for 2023 were consistent and therefore there is no measurement impact of this restatement.
2.
Repurchase agreements have been designated as financial liabilities at fair value through profit or loss during 2024 to reflect the fact that both assets and liabilities are
managed together and therefore better reflects the economic reality, and avoids a valuation mismatch. Refer to note 3 (n) Reverse repurchase agreements, repurchase
agreements, stock borrowing and stock lending for further detail.
As at 31 December 2024, reverse repurchase agreements and repurchase agreements were
carried at average interest r
ates of
5.17
%
and
5.12
%
respectively (2023:
5.42
%
and
5.38
%
).
19      Inventory
255
Table of Contents
2024
2023
$m
$m
Cryptocurrency - Trading
6.9
121.0
Carbon emission certificates and credits - Trading
6.5
23.5
Recyclable scrap metals
22.4
18.9
Total inventories at fair value less cost to sell
35.8
163.4
All inventories are held at fair value less cost to sell.
The Group economically hedges its exposure to cryptocurrencies and hence the Group's net
exposure to market risk has not been material to our operations for the periods presented. As at 31
December 2024, the Group's overall net market risk exposure to cryptocurrencies was
$
1.1
m
(2023:
$
1.8
m
). The fair values of cryptocurrencies held as assets are determined based on quoted market prices
and are classified as a level 1 valuation.
Carbon emission certificates and credits comprise:
•
Solar renewable energy certificates (RECs) which are held to trade with a fair value of
$
6.0
m
(2023:
$
23.5
m
). The fair value is based on quoted market prices and classified as a Level 1
valuation under the fair value hierarchy.
•
New Zealand Units (NZUs) which are held to trade with a fair value of
$
0.5
m
(2023:$
nil
). The fair
value is based on observable market prices and classified as a Level 2 valuation under the fair
value hierarchy.
Recyclable scrap metals are those where the Group has title over and is in transit from the supplier
to the customer. The vast majority of recyclable scrap metals consist of non-ferrous metals and comprise
various grades of copper (including brass), aluminium and lead. The fair value is determined based on
quoted metal prices, which are discounted for grade and location where appropriate, and is classified as a
Level 2 valuation.
The fair value movements charged to profit and loss are as follows:
Cost
Fair value
movement
Inventory
2024
2024
2024
$m
$m
$m
Cryptocurrencies
8.9
(
2.0
)
6.9
Carbon emission certificates and credits
6.5
—
6.5
Recyclable scrap metals
22.6
(
0.2
)
22.4
38.0
(
2.2
)
35.8
Cost
Fair value
movement
Inventory
2023
2023
2023
$m
$m
$m
Cryptocurrencies
114.1
6.9
121.0
Carbon emission certificates and credits
26.9
(
3.4
)
23.5
Recyclable scrap metals
18.4
0.5
18.9
159.4
4.0
163.4
20      Trade and Other Receivables
256
Table of Contents
2024
2023
$m
$m
Amounts due from exchanges, clearing houses and other counterparties
3,215.5
2,344.2
Amounts receivable from clients
2,838.6
1,728.0
Trade debtors
785.8
300.1
Default funds and deposits
474.1
259.4
Loans receivable
89.8
8.1
Other tax and social security taxes
12.3
10.8
Other debtors
104.5
119.0
Prepayments
32.6
20.2
7,553.2
4,789.8
Included in amounts receivable from clients and amounts due from exchanges, clearing houses
and other counterparties are segregated balances of
$
1,833.7
m
(2023:
$
1,699.5
m
) and non-segregated
balances of
$
4,220.4
m
(2023:
$
2,372.7
m
).
Other debtors includes amounts related to sign-on bonuses of
$
41.5
m
(2023:
$
39.5
m
).
The Group recognises lifetime ECL allowance for trade debtors of
$
1.1
m
as at 31 December 2024
(2023:
$
1.1
m
) using a provision matrix under the simplified approach. Further to this, the Group has
recorded within amounts due from exchanges, clearing houses and other counterparties, an ECL
allowance of
$
15.2
m
as at 31 December 2024 (2023:
$
19.6
m
), based on individual assessment, to reflect
the credit losses associated with certain counterparties. The Directors consider that the carrying amounts
of trade and other receivables are not materially different to their fair value.
(a) Ageing of trade debtors and other receivables
The provision matrix for trade debtors is as follows.
2024
Current
Less than
30 days
31 to
60 days
61 to
90 days
91 to
120 days
More than
120 days
Total
Expected credit loss rate
0.14
%
0.14
%
0.14
%
0.14
%
0.14
%
0.14
%
Trade debtors $m
716.8
24.3
11.4
7.5
4.1
20.6
784.7
Trade debtors lifetime
ECL $m
1.0
0.1
—
—
—
—
1.1
2023
Current
Less than
30 days
31 to
60 days
61 to
90 days
91 to
120 days
More than
120 days
Total
Expected credit loss rate
0.33
%
0.33
%
0.33
%
0.33
%
0.33
%
0.33
%
Trade debtors $m
135.2
120.8
22.7
5.2
3.1
12.0
299.0
Trade debtors lifetime
ECL $m
0.9
0.2
—
—
—
—
1.1
Below we present the ageing of the Group's other receivables different from trade debtors,
excluding other tax and social security taxes and prepayments.
257
Table of Contents
2024 ($m)
Current
Less than
30 days
31 to
60 days
61 to
90 days
91 to
120 days
More than
120 days
Total
Amounts due from exchanges, clearing
houses and other counterparties
3,200.9
12.0
0.1
0.1
1.5
0.9
3,215.5
Amounts receivable from clients
2,825.7
4.2
2.9
1.5
2.1
2.2
2,838.6
Default funds and deposits
474.1
—
—
—
—
—
474.1
Loans receivable
89.7
—
—
—
—
0.1
89.8
Other debtors
103.7
0.1
—
0.1
—
0.6
104.5
6,722.5
Corresponding allowance for loan
losses ECL
13.8
2023 ($m)
Current
Less than
30 days
31 to
60 days
61 to
90 days
91 to
120 days
More than
120 days
Total
Amounts due from exchanges, clearing
houses and other counterparties
2,329.5
0.1
0.2
0.1
—
14.3
2,344.2
Amounts receivable from clients
1,716.7
6.1
2.5
1.3
—
1.4
1,728.0
Default funds and deposits
259.4
—
—
—
—
—
259.4
Loans receivable
1.2
2.7
0.1
0.9
1.6
1.6
8.1
Other debtors
85.6
0.2
2.1
0.4
—
30.7
119.0
4,458.7
Corresponding allowance for loan
losses ECL
19.6
(b) Reconciliation of the movement in impairment allowance
2024
2023
$m
$m
At 1 January
20.9
14.3
Bad debts written off
(
4.5
)
(
0.5
)
Released to the income statement
(
3.2
)
(
2.0
)
Charged to the income statement
1.5
9.1
Other balance sheet movements
0.5
—
At 31 December
15.2
20.9
The impairment allowance of
$
15.2
m
(2023:
$
20.9
m
) in the table above includes
$
0.3
m
(2023:
$
0.2
m
) ECL for cash and cash equivalents.
258
Table of Contents
21      Borrowings
(a) Loans
2024
2023
$m
$m
Short-term borrowings
152.0
—
Long-term borrowings
—
—
Total borrowings
152.0
—
2024
2023
$m
$m
At 1 January
—
148.7
Repayments
—
(
148.7
)
Additional draws
152.0
—
Total borrowings
152.0
—
(b) Secured credit agreements
The Group, through its regulated subsidiary, Marex Capital Markets Inc. ('MCMI') has a
$
200.0
m
(2023:
$
125.0
m
) uncommitted securities financing facility arranged by a leading financial institution.
Outstanding borrowing was
$
30.0
m
as at 31 December 2024 (2023: $
nil
).
In the ordinary course of its broker-dealer activities, MCMI has appointed The Bank of New York
Mellon to act as its clearing agent ('Clearing Agent') for the purpose of clearing and settling transactions in
securities maintained in the Federal Reserve/Treasury book entry system for receiving and delivering
Federal Reserve Board (FRB) Securities ('MCMI Clearing Agreement'). Under the terms of the MCMI
Clearing Agreement, the Clearing Agent may finance, on an overnight basis, failed deliveries of FRB
securities and/or the position in FRB Securities collateralised on FRB Securities, subject to certain
haircuts. There was
no
outstanding borrowing as at 31 December 2024 (2023: $
nil
).
(c) Revolving credit facilities
On 30 June 2023, the Group refinanced its syndicated revolving credit facility (RCF) on improved
terms and conditions with HSBC Bank plc. The RCF is unsecured and committed up to
$
150.0
m
(31
December 2023:
$
150.0
m
) with a renewal date of 30 June 2026. As at 31 December 2024 the facility was
undrawn (2023: undrawn). The RCF contains certain financial and other covenants.
Interest on the amount utilised is calculated at a currency risk free rate plus a spread of
210
basis
points plus a utilisation fee payable dependent on the percentage of utilisation. The maximum utilisation
fee payable is
50
basis points. Interest on the unutilised portion is charged at a fixed percentage rate of
74
basis points (2023:
74
basis points).
The Group, through its regulated subsidiary, MCMI, has access to a
$
125.0
m
364
-day (2023:
$
100.0
m
) unsecured committed revolving credit facility arranged by a leading financial institution. Interest
on the amount utilised is calculated as the US prime rate less
25
basis points. Borrowing of
$
122.0
m
was
outstanding under this facility as at 31 December 2024 (2023: $
nil
). The credit facility agreement contains
certain financial and other covenants.
259
Table of Contents
22      Derivative Instruments
Derivative assets and derivative liabilities comprise the following:
2024
2023
Restated
1
Financial assets
$m
$m
Held for trading derivatives carried at fair value through profit and loss that are
not designated in hedge accounting relationships:
Synthetic equity swap
243.3
177.1
Agriculture contracts
296.7
171.9
Energy contracts
83.3
68.8
Foreign currency contracts
204.9
156.7
Precious metal contracts
1.3
0.1
Credit contracts
2.2
2.8
Metals contracts
3.2
11.5
Equity contracts
233.5
24.8
Crypto contracts
13.7
0.1
Rates contracts
55.6
11.9
Held for trading derivatives that are designated in hedge accounting relationships:
Foreign currency contracts
0.1
6.1
Rates contracts
25.7
23.8
1,163.5
655.6
1.
Certain prior period comparatives have been restated. Refer to note
3(b
)
and note
36
for further information.
2024
2023
Restated
1
Financial liabilities
$m
$m
Held for trading derivatives carried at fair value through profit or loss that are not
designated in hedge accounting relationships:
Agriculture contracts
221.5
131.5
Energy contracts
53.0
56.9
Foreign currency contracts
259.1
103.5
Precious metal contracts
3.9
2.6
Credit contracts
9.6
1.7
Metals contracts
3.1
5.6
Equity contracts
65.2
52.9
Crypto contracts
16.1
34.2
Rates contracts
62.8
13.1
Held for trading derivatives that are designated in hedge accounting
relationships:
Foreign currency contracts
24.2
0.2
Rates contracts
33.2
—
751.7
402.2
1.
Certain prior period comparatives have been restated. Refer to note
3(b
)
and note
36
for further information.
260
Table of Contents
23      Deferred Tax
2024
At 1 January
Credited/
(expensed) to
the income
statement
Recognised on
acquisition
Credited to other
comprehensive
income & equity
At
31 December
$m
$m
$m
$m
$m
Acquired Intangibles
(
1.1
)
1.1
(
4.9
)
—
(
4.9
)
Compensation
0.1
1.6
—
—
1.7
Depreciation in excess of capital
allowances
(
1.8
)
(
0.8
)
—
—
(
2.6
)
Lease accounting
1.8
0.4
—
—
2.2
Other short-term timing differences
6.2
(
2.4
)
—
—
3.8
Prepayments
—
—
—
—
—
Revaluation of investments, cash flow
hedges and liabilities designated at
FVTPL
0.7
(
0.1
)
—
11.0
11.6
Share-based payments
11.8
5.8
—
12.8
30.4
Tax losses
—
—
—
—
—
17.7
5.6
(
4.9
)
23.8
42.2
2023
At 1 January
Credited/
(expensed) to
the income
statement
Recognised on
acquisition
Credited to other
comprehensive
income & equity
At
31 December
$m
$m
$m
$m
$m
Acquired Intangibles
0.5
0.2
(
1.8
)
—
(
1.1
)
Compensation
1.9
(
1.8
)
—
—
0.1
Depreciation in excess of capital
allowances
(
3.0
)
1.2
—
—
(
1.8
)
Lease accounting
0.3
1.5
—
—
1.8
Other short-term timing differences
2.4
3.6
0.2
—
6.2
Prepayments
(
0.2
)
0.2
—
—
—
Revaluation of investments, cash flow
hedges and liabilities designated at
FVTPL
(
0.3
)
(
0.1
)
—
1.1
0.7
Share-based payments
4.7
5.1
(
0.4
)
2.4
11.8
Tax losses
1.2
(
1.2
)
—
—
—
7.5
8.7
(
2.0
)
3.5
17.7
2024
2023
$m
$m
Deferred tax asset
46.7
21.4
Deferred tax liability
(
4.5
)
(
3.7
)
31 December
42.2
17.7
261
Table of Contents
Business Combinations
The recognition of Marex's deferred tax assets is dependent on the availability of sufficient taxable
profits when the timing differences reverse. The acquisitions of Pinnacle Fuel LLC, Dropet and ILS
Brokers Limited (2024) in addition to Cowen, OTCex, GMN, Eagle and ED&F acquisitions (2023) have
not changed the probability of the availability of sufficient future taxable profits and therefore the
probability of realising any pre-acquisition deferred tax assets has not changed. As such, no additional
disclosure is made.
Offset
Deferred tax assets and liabilities are offset where the Group has a legally enforceable right to do
so. Deferred tax balances have been measured using the tax rates that are expected to apply when the
asset is realised or the liability is settled based upon the tax rates that have been enacted or substantially
enacted by the balance sheet date.
Unrecognised deferred tax assets
The Group has unrecognised deferred tax assets in respect of the following:
•
Tax losses of
$
34.3
m
(2023:
$
27.5
m
) relate to losses with no expiry date. The increase in these
unrecognised losses compared to the prior period is primarily driven by tax losses incurred during
the year in Australia and losses acquired in Hong Kong. These assets are not recognised on the
basis of insufficient evidence concerning profits being available against which deferred tax assets
could be utilised.
24      Trade and Other Payables
2024
2023
$m
$m
Amounts due to exchanges, clearing houses and other counterparties
1,501.5
1,461.9
Amounts payable to clients
7,270.8
4,899.1
Accruals
468.3
379.8
Trade payables
470.2
16.1
Other tax and social security taxes
9.9
10.4
Deferred income
2.4
0.5
Other creditors
17.3
18.1
9,740.4
6,785.9
Included in amounts payable to clients and amounts due to exchanges, clearing houses and other
counterparties are segregated balances of
$
4,733.5
m
(2023:
$
3,820.2
m
) and non-segregated balances of
$
4,038.8
m
(2023:
$
2,540.8
m
).
The Directors consider that the carrying amount of trade and other payables is not materially
different to their fair value.
25      Contingent Liabilities
From time to time, the Group's subsidiaries are engaged in litigation in relation to a variety of
matters. In addition, the Group is required to provide information to regulators and other government
agencies as part of informal and formal enquiries or market reviews.
262
Table of Contents
The Group's reputation may also be damaged by any involvement or the involvement of any of its
employees or former employees in any regulatory investigation and by any allegations or findings, even
where the associated fine or penalty is not material.
As outlined above, in respect of legal matters or disputes for which a provision has not been made,
notwithstanding the uncertainties that are inherent in the outcome of such matters, there are no individual
matters which are considered to pose a significant risk of material adverse financial impact on the Group's
results or net assets.
26      Share Capital
The following table provides the number and value of shares outstanding at the beginning and at
the end of the period, which are further reconciled to their movements in subsequent sections of this note:
Group
Issued and fully paid
Issued and fully paid
2024
2024
2023
2023
Number
$'000
Number
$'000
Ordinary Shares of
$
0.000165
each
—
—
106,491,588
18
Ordinary Shares of
$
0.001551
each
72,221,843
112
—
—
Non-voting Ordinary Shares of
$
0.000165
each
—
—
3,986,376
1
Deferred Shares of
$
0.000469
each
4,129,436
3
107,491,490
69
Growth Shares of
$
0.000165
each
—
—
24,892,848
4
76,351,279
115
242,862,302
92
There is
no
unauthorised share capital for any class of share. There are
no
shares issued but not
fully paid.
In connection with the IPO, in April 2024, the following steps were taken to reorganise share
capital. Such steps were completed immediately before the completion of the IPO:
1.
Ordinary shares reorganisation
a.
24,892,848
Growth Shares of
$
0.000165
were reorganised as the following:
•
The growth options were exercised which created
185,894
new growth shares.
•
25,078,742
Growth Shares of
$
0.000165
were converted into
15,148,855
Ordinary Shares of
$
0.000165
and
9,929,887
deferred shares of
$
0.000165
upon the occurrence of the IPO.
•
9,929,887
deferred shares of
$
0.000165
which were redenominated and consolidated to
2,806,815
Deferred Shares of
£
0.000469
by using the exchange rate equal to the average closing
rate of exchange for the five days up to and ended 19 April 2024 for the relevant currency paid of
USD/GBP
$
1.2446
/£1. All
3,986,376
Non-voting Ordinary Shares as at
1 January 2024
and new
issuance of
875,171
Non-voting Ordinary Shares to the holder of the warrant issued in
2012
and
exercised before the occurrence of the IPO were reclassified to
4,861,547
Ordinary Shares of
$
0.000165
..
b.
In addition,
2,039,124
ordinary shares of
$
0.000165
were issued in the capital of the Company to
the Employee Benefit Trust Limited in its role as nominee for the holders of Growth Shares in
satisfaction of the dividends paid by Marex since the issuance of series
2016
,
2019
and
2020
Growth shares in accordance with the terms upon which they were issued.
2.
Reverse Share Split
•
All
128,541,114
Ordinary Shares of
$
0.000165
were consolidated into
68,375,690
Ordinary
Shares of
$
0.001551
at a conversion rate of
1.88
to
1
.
263
Table of Contents
3.
Deferred Share Cancellation
•
106,168,869
Deferred Shares of
£
0.000469
each in the share capital of the Company were
cancelled.
The Deferred shares have no voting rights, no right to participate in dividends or distributions and
no right to redemption. On a return of capital on a winding up or otherwise, the assets of the Company
available for distribution to its members shall be applied in paying a sum equal to
£
1
to the holders of the
deferred shares pro rata according to the number of deferred shares held by them (rounded to the
nearest
£
0.01
, but such that the total paid in aggregate to all the holders shall in no event exceed
£
1
).
As part of the initial public offering,
3,846,153
Ordinary Shares of
US$
0.001551
each in the share
capital of the Company were then issued.The sale of shares raised
$
68.3
m
in cash, with issue costs of
$
4.8
m
The following is a roll forward analysis of the share movements outlining the share capital
reorganisation completed prior to the IPO and movements for the year:
The following table provides a reconciliation of the share reorganisation activities outlined above:
Group
Ordinary
shares of
$
0.001551
Number
Ordinary shares
of
$
0.000165
Number
Non-voting
Ordinary
Shares of
$
0.000165
Number
Deferred Shares
of
£
0.000469
Number
Growth Shares
of
$
0.000165
Number
Total
Number
At 1 January 2024
—
106,491,588
3,986,376
107,491,490
24,892,848
242,862,302
Ordinary shares
reorganisation pre-IPO (1)
—
22,049,526
(
3,986,376
)
2,806,815
(
24,892,848
)
(
4,022,883
)
Total: Post ordinary shares
organisation
—
128,541,114
—
110,298,305
—
238,839,419
Reverse share split (2)
68,375,690
(
128,541,114
)
—
—
—
(
60,165,424
)
Deferred share cancellation
(3)
—
—
—
(
106,168,869
)
—
(
106,168,869
)
Total: Post share capital
organisation
68,375,690
—
—
4,129,436
—
72,505,126
IPO
3,846,153
—
—
—
—
3,846,153
At 31 December 2024
72,221,843
—
—
4,129,436
—
76,351,279
The following table provides a reconciliation of the prior year movements in the Group's share
capital:
Group
Ordinary
shares
Number
Non-voting
ordinary
shares
Number
Deferred
shares
Number
Growth
shares
Number
Total
Number
At 1 January 2023
106,491,588
3,986,376
107,462,989
24,992,848
242,933,801
Movement during the year
0
0
28,501
(
100,000
)
(
71,499
)
At 31 December 2023
106,491,588
3,986,376
107,491,490
24,892,848
242,862,302
On 6 November 2023, the Employee Benefit Trust acquired the beneficial interests in
100,000
Growth shares of
$
0.000165
each from an ex-employee. Subsequently, on
14 December 2023
, the
100,000
Growth shares of
$
0.000165
each were redenominated from USD to GBP using the exchange
rate USD/GBP
$
1.23
/
£1
, such that the new denomination of the Growth shares became
£
0.000133668
.
The
100,000
Growth shares of
£
0.000133668
were then consolidated into
28,501
Growth shares of
£
0.000469
each. The
28,501
Growth shares of
£
0.000469
each were then re-designated as
28,501
Deferred shares of
£
0.000469
each.
264
Table of Contents
The rights of the shares are as follows:
Class of share
Rights
Ordinary Shares
Full voting rights and right to participate in ordinary dividends ranking pari
passu with non-voting ordinary shares. In the event of a winding up,
entitled to a return of capital ranking pari passu with non-voting ordinary
shares and no right of redemption.
Non-voting Ordinary Shares
As per ordinary shares, other than having no voting rights.
Deferred Shares
No voting rights, no right to participate in dividends or distributions and no
right to redemption. On a return of capital on a winding up or otherwise,
the assets of the Company available for distribution to its members shall
be applied in paying a sum equal to
£
1
to the holders of the deferred
shares pro rata according to the number of deferred shares held by them
(rounded to the nearest
£
0.01
, but such that the total paid in aggregate to
all the holders shall in no event exceed
£
1
).
Growth Shares
Following its initial public offering, the Company no longer has any growth
shares. Growth shares were issued in several series as part of a share-
based remuneration scheme. On a liquidity event such as an initial public
offering or a sale, the growth shares entitled the holder thereof to a return
should the proceeds exceed a specific level, as set for each series on
issuance. The holders of growth shares had no voting rights, no rights to
participate in dividends, no entitlements to participate in a winding up and
could not impact the timing of a liquidity event. The growth shares were
redeemable on a liquidity event in cash or by conversion into non-voting
ordinary shares, as elected by the holders thereof. In the absence of such
an election, the default settlement was conversion into non-voting ordinary
shares. Prior to the initial public offering the holders of the growth shares
elected to equity settle their awards.
27      Own Shares
As at 31 December 2024, the Group (through the Employee Benefit Trust) held
1,930,957
(2023:
2,024,308
) non-voting ordinary shares purchased at a total cost of
$
23.2
m
(2023:
$
9.8
m
). This amount is
shown as a debit balance within total equity. The movement in 2024 consists of the issuance of
875,171
non-voting ordinary shares to the holder of warrants issued in 2012, which were subsequently
redesignated into ordinary shares and repurchased at a total cost of
$
19.8
m
. The purchase cost is offset
by the vesting of ordinary shares at a cost of
$
6.4
m
under the Deferred Bonus Plan. Refer to note 28,
Share Capital, for further detail in relation to the share redesignation of non-voting ordinary shares into
ordinary shares as a result of the IPO.
265
Table of Contents
28      Additional Capital (AT1 securities)
The Group has
$
97.6
m
of AT1 securities (2023:
$
97.6
m
) which are perpetual securities with no
fixed maturity and are structured to qualify as AT1 instruments under prevailing capital rules applicable. In
2024, there was
no
new issuance of AT1 securities (2023: no new issuance). There were
no
redemptions
in 2024 (2023:
no
redemptions).
Interest on the securities, at a fixed rate of
13.25
%
per annum, is payable semi-annually in arrears
in equal instalments on 30 June and 30 December in each year, commencing on 30 December 2022. On
the first reset date on 30 December 2027, in the event that the securities are not redeemed, interest will
be reset to the five-year semi-annual US treasury securities yield plus a margin of
10.158
%
per annum.
The interest payment is fully discretionary and non-cumulative, and conditional upon the Group being
solvent at the time of payment, having sufficient distributable reserves and not being required by the
regulatory authorities to cancel an interest payment.
Distributions amounting to
$
13.3
m
were made in 2024 (2023:
$
13.3
m
) on the AT1 securities.
The securities are perpetual securities with no fixed redemption date. The Group may, in its sole
and full discretion, subject to regulatory approval, redeem all (but not some only) of the securities on any
day falling in the period commencing on (and including) 30 June 2027 and ending on (and including) the
first reset date or on any interest payment date thereafter at the prevailing principal amount together with
accrued but unpaid interest. In addition, the securities are redeemable at the option of the Group for
certain regulatory or tax reasons, subject to regulatory approval.
The securities, which do not carry voting rights, rank pari passu with holders of Tier 1 instruments
(excluding the Company's Ordinary shares). They rank ahead of the holders of ordinary share capital of
the Company but junior to the claims of senior creditors of the Group.
All AT1 securities will be converted into ordinary shares, at a pre-determined price, should the
Group's Investment Firms Prudential Regime CET1 Ratio fall to less than
64
%
.
29      Other Reserves
The following describes the nature and purpose of the reserves within other reserves:
Reserves
Description
Revaluation reserve
Cumulative unrealised gains on investments in exchanges that are held at
FVTOCI and recognised in equity as well as changes in own credit risk.
Cash flow hedge reserve
Cumulative unrealised gains and losses on hedging instruments deemed
effective cash flow hedges.
Currency translation
reserve
On consolidation, the results of overseas operations are translated into
USD at rates approximating to those prevailing when the transactions took
place. All assets and liabilities of overseas operations, including goodwill
arising on the acquisition of those operations, are translated at the rates
ruling at the prevailing date.
266
Table of Contents
30      Leases
Right-of-use asset
2024
2023
$m
$m
As at 1 January
40.6
33.7
Additions during the year
37.9
22.8
Incentive of right-of-use asset
(
8.4
)
—
Adjustment to initial recognition of right of use asset
1.2
(
1.0
)
Depreciation charged to income statement
(
10.7
)
(
9.7
)
Impairment of right of use asset
(
0.7
)
(
5.2
)
As at 31 December
59.9
40.6
Lease liability
2024
2023
$m
$m
As at 1 January
52.6
38.9
Additions during the year
37.9
22.8
Interest expense charged to income statement
3.5
2.5
Payment of lease liabilities
(
15.0
)
(
11.4
)
Foreign exchange revaluation
(
1.5
)
(
0.1
)
Lease incentive
—
(
0.1
)
As at 31 December
77.5
52.6
Lease Liability
2024
2023
$m
$m
Current liability
10.5
13.2
Non-current liability
67.0
39.4
As as 31 December
77.5
52.6
Right-of-use assets relate to leasehold buildings. Other operating lease expenses, including service
charges, utilities, property insurance and maintenance, amounted to
$
10.7
m
(2023:
$
8.7
m
). Operating
lease expenses for short-term leases amounted to
$
1.5
m
(2023:
$
2.2
m
).
In 2024, the Group extended the lease for the 4th and 5th floor at 155 Bishopsgate, London and
also took on the lease for the 3rd floor of the same building. The lease terms will run until 2035 with a
liability of
$
36.6
m
(2023:
$
8.8
m
).
In 2024  the Group recognised an impairment of
$
0.7
m
(2023:
$
4.8
m
) on the leases of 190 South
LaSalle, Chicago (
$
0.3
m
), Clark Plaza, New Jersey (
$
0.1
m
), Patterson Avenue, Virginia (
$
0.1
m
), and 150
Martingale, Chicago (
$
0.1
m
).
The weighted average incremental borrowing rate applied to lease liabilities recognised in the
statement of financial position as at 31 December 2024 is
6.45
%
(2023:
5.16
%
).
The Group has the following leases that have the option of extension at the end of the lease term:
•
Asia Square Towers, Singapore –
three years
;
•
ICBC Tower, Hong Kong –
three years
;
•
45th Street, New York –
five years
;
267
Table of Contents
•
Montreal –
five years
;
•
Embarcadero Center, San Francisco –
five years
.
The contractual maturities of lease liabilities as at 31 December are as follows:
Lease liability
2024
2023
$m
$m
1 year
14.0
13.8
1 to 5 years
52.9
31.5
More than 5 years
37.4
12.5
104.3
57.8
Less: future interest expense
(
26.8
)
(
5.2
)
77.5
52.6
31      Financial Instruments
(a) Capital risk management
For the purpose of the Group's capital management, capital includes issued share capital, AT1
capital, share premium and all other equity reserves attributable to the equity holders of the Company as
disclosed in notes 26, 28 and 29. The primary objective of the Group's capital management is to
maximise shareholder value.
In order to achieve this overall objective, the Group's capital management, amongst other things,
aims to ensure that it meets the financial covenants attached to the interest-bearing borrowings that
define capital structure requirements. Breaches in meeting the financial covenants would permit the
banks to immediately call in any loans and borrowings that the Group might have withdrawn at that point
in time. There have been no breaches in the financial covenants of any interest-bearing loans and
borrowings in the current or prior year.
Many of the Group's material operating subsidiaries are subject to regulatory restrictions and
minimum capital requirements. As at 31 December 2024, each of these subsidiaries had net capital in
excess of the requisite minimum requirements. These requirements are designed to ensure institutions
have an adequate capital base to support the nature and scale of their operations. Management of
regulatory capital forms an important part of the Group's risk governance structure. A robust programme
of regular monitoring and review takes place to ensure each regulated entity is in adherence to local rules
and has capital in excess of external and internal limits.  Subsidiaries subject to regulatory restrictions
manage their requirements through regular submissions to their prudential regulators, and internal
monitoring to maintain adherence with the Group's risk appetite, as determined by the Board. One of
those regulated entities is Marex Capital Markets Inc. (MCMI), regulated in the United States by both the
Commodity Futures Trading Commission ('CFTC') and the Securities and Exchange Commission ('SEC').
As a regulated Futures Commission Merchant ('FCM') and Broker Dealer, MCMI is subject to the SEC's
Uniform Net Capital Rule (Rule 15c3-1) and the CFTC's minimum financial requirements for FCMs and
introducing brokers (Regulation 1.17), which require the maintenance of minimum net capital. Advances
to affiliates, repayment of subordinated liabilities, dividend payments, and other equity withdrawals are
subject to certain limitations and other provisions of the capital rules of the SEC and other regulators.
Specifically, MCMI is required to hold sufficient regulatory capital to support its activities and regulatory
approval must be obtained prior to the repayment of
10
%
or more of excess net capital. As at 31
December 2024, MCMI had
$
723.4
m
(2023:
$
664.2
m
) of capital, of which the subordinated borrowing by
the Group was
$
345.0
m
(2023:
$
345.0
m
) and of which excess net capital was
$
212.2
m
(2023:
$
280.9
m
).
268
Table of Contents
Owing to the local requirement to obtain regulatory approval for payments of amounts in excess of
10
%
of
the excess net capital, or
$
21.2
m
(2023:
$
28.1
m
), MCMI's ability to transfer the remaining
$
323.8
m
(2023:
$
316.9
m
) of capital to its parent is restricted.
No changes were made in objectives, policies or processes for managing capital during the year.
269
Table of Contents
(b) Categories of financial instruments
Below is an analysis of the Group's financial assets and liabilities as at 31 December.
FVTPL
FVTOCI
Amortised cost
Total
2024 Financial assets
$m
$m
$m
$m
Investments
—
24.0
—
24.0
Treasury instruments
2
29.7
—
3,539.0
3,568.7
Fixed income securities
2
87.7
—
—
87.7
Equity instruments
4,678.0
—
—
4,678.0
Derivative instruments
3
1,162.0
1.5
—
1,163.5
Stock borrowing
1,781.7
—
—
1,781.7
Reverse repurchase agreements
2,490.4
—
—
2,490.4
Amounts due from exchanges, clearing houses
and other counterparties
—
—
3,215.5
3,215.5
Amounts receivable from clients
51.9
—
2,786.7
2,838.6
Trade debtors
108.7
—
677.1
785.8
Default funds and deposits
—
—
474.1
474.1
Loans receivable
—
—
89.8
89.8
Other debtors
6
—
63.0
63.0
Cash and cash equivalents
—
—
2,556.6
2,556.6
10,390.1
25.5
13,401.8
23,817.4
FVTPL
FVTOCI
Amortised cost
Total
2023 Financial assets (Restated)
1
$m
$m
$m
$m
Investments
—
16.2
—
16.2
Treasury instruments
2
—
—
2,905.6
2,905.6
Fixed income securities
2
76.7
—
—
76.7
Equity instruments
1,521.3
—
—
1,521.3
Derivative instruments (Restated)
1,3,4
652.5
3
3.1
4
—
655.6
Stock borrowing (Restated)
5
2,501.4
—
—
2,501.4
Reverse repurchase agreements (Restated)
5
3,199.8
—
—
3,199.8
Amounts due from exchanges, clearing houses
and other counterparties
—
—
2,344.2
2,344.2
Amounts receivable from clients
5
12.0
—
1,716.0
1,728.0
Trade debtors (Restated)
5
38.1
—
262.0
300.1
Default funds and deposits
—
—
259.4
259.4
Loans receivable
—
—
8.1
8.1
Other debtors
6
—
—
79.5
79.5
Cash and cash equivalents
—
—
1,483.5
1,483.5
8,001.8
19.3
9,058.3
17,079.4
1.
Certain prior period comparatives have been restated. Refer to note
3(b)
and note
36
for further information.
2.
The fair value of the Treasury Instruments, which are Level 1 instruments as they are all quoted instruments, held at amortised cost at 31 December 2024 was
$
3,541.7
m
(2023:
$
2,972.5
m
). The fair values of other assets and liabilities at amortised cost are consistent with the carrying amount. Treasury instruments and fixed income securities
have been presented separately for 2024 to better reflect the business model as the fixed income portfolio is managed at fair value, 2023 comparatives have been aligned
for consistency.
3.
The Group manages the fixed interest risk on its vanilla debt instrument through interest rate and cross currency swaps as hedging instruments. Refer to note 32 (f).
4.
The
$
0.1
m
(2023:
$
3.1
m
) are hedging derivatives at FVTOCI due to being designated in a cash flow hedging relationship.
5.
The Group represented the balances for reverse repurcha
se agreements, trade facilitation
and receivables from LME to reflect the underlying way that the assets are
managed. These assets were previously presented as assets held at amortised cost, but have been adjusted to FVTPL. As at 31 December 2023, the difference between
FVTPL and amortised cost is
$
0.5
m
for stock borrowing and
$
0.1
m
for the reverse repurchase agreements.
6.
$
41.5
m
(2023:
$
39.5
m
) of the other debtors balance relates to sign-on bonuses
(note
20
)
and are not included in the table above as they are not a financial asset.
270
Table of Contents
FVTPL
FVTOCI
Amortised cost
Total
2024 Financial liabilities
$m
$m
$m
$m
Repurchase agreements
2,305.8
—
—
2,305.8
Derivative instruments
2
724.2
27.5
—
751.7
Short securities
1,704.6
—
—
1,704.6
Amounts due to exchanges, clearing houses
and other counterparties
—
—
1,501.5
1,501.5
Amounts payable to clients
65.1
—
7,205.7
7,270.8
Trade payables
7.4
—
462.8
470.2
Other creditors
—
—
17.3
17.3
Stock lending
3,480.9
—
1,471.2
4,952.1
Short-term borrowings
—
—
152.0
152.0
Debt securities
3
2,674.6
—
929.9
3,604.5
Lease liability
—
—
77.5
77.5
10,962.6
27.5
11,817.9
22,808.0
FVTPL
FVTOCI
Amortised cost
Total
2023 Financial liabilities (Restated)
1
$m
$m
$m
$m
Repurchase agreements
—
3,118.9
3,118.9
Derivative instruments (Restated)
1
402.0
0.2
—
402.2
Short securities
1,924.8
—
—
1,924.8
Amounts due to exchanges, clearing houses
and other counterparties
—
—
1,461.9
1,461.9
Amounts payable to clients
105.2
—
4,793.9
4,899.1
Trade payables
5.6
—
10.5
16.1
Other creditors
—
—
18.1
18.1
Stock lending
—
—
2,323.3
2,323.3
Debt securities
3
1,857.9
—
358.4
2,216.3
Lease liability
—
—
52.6
52.6
4,295.5
0.2
12,137.6
16,433.3
1.
Certain prior period comparatives have been restated. Refer to note 3(b) and note
36
for further information.
2.
Debt securities includes EMTN and the Group's Senior Note Program measured at amortised cost for which we apply fair value hedge accounting.
(c) Equity securities
Equity instruments are purchased primarily to facilitate the stock lending and borrowing business,
which is part of the agency and execution business segment, and to facilitate counterparty requirements.
Additionally, some equity instruments are purchased for the Group's own account to hedge the economic
exposure arising from the Group's activities. This includes the Group's issued debt and equity securities
and over-the-counter derivatives undertaken with the Group's clients where equities are the underlying
risk.
(d) Financial instruments subject to offsetting, enforceable master netting arrangements and
similar agreements
As a member of the London Metal Exchange ('LME'), the Group is subject to the settlement and
margining rules of LME Clear. The majority of LME products transacted by the Group are forward
contracts. LME forwards that are in-the-money do not settle in cash until the maturity ('prompt') date,
while the Group is required to post margin to cover loss-making contracts daily. In accordance with the
271
Table of Contents
LME Clear rules, the Group is able to utilise forward profits to satisfy daily margin requirements which are
set-off against loss-making contracts. Consequently, trade payables and amounts due from exchanges,
clearing houses and other counterparties are presented on a net basis in the statement of financial
position. The balance of trade receivables includes offsetting of LME forwards against any cash collateral
held with the LME.
The Group nets certain repurchase and reverse repurchase agreements with the same
counterparty where the conditions of offsetting are met, including the existence of master netting
agreements between the relevant subsidiary and its counterparties.
The effect of offsetting is disclosed below:
Gross
amount
Amounts
set-off
Net
amount
presented
Non-cash
collateral
rec'd/
(pledged)
Cash
collateral
rec'd/
(pledged)
Net amount
2024
$m
$m
$m
$m
$m
$m
Financial assets
Amounts due from exchanges,
clearing houses and other
counterparties
3,723.0
(
507.5
)
3,215.5
—
—
3,215.5
Reverse repurchase agreements
50,848.4
(
48,358.0
)
2,490.4
(
2,490.4
)
—
Derivative instruments
2,278.8
(
1,115.3
)
1,163.5
—
(
420.1
)
743.4
Financial liabilities
Amounts due to exchanges,
clearing houses and other
counterparties
1,919.3
(
417.8
)
1,501.5
—
—
1,501.5
Repurchase agreements
50,663.8
(
48,358.0
)
2,305.8
(
2,279.3
)
—
26.5
Derivative instruments
1,867.0
(
1,115.3
)
751.7
—
(
192.2
)
559.5
Gross
amount
Amounts
set-off
Net
amount
presented
Non-cash
collateral
rec'd/
(pledged)
Cash
collateral
rec'd/
(pledged)
Net amount
2023 (Restated)
1
$m
$m
$m
$m
$m
$m
Financial assets
Amounts due from exchanges,
clearing houses and other
counterparties
2,539.5
(
195.3
)
2,344.2
—
—
2,344.2
Reverse repurchase agreements
19,094.6
(
15,894.8
)
3,199.8
(
3,086.6
)
113.2
Derivative Instruments
(Restated)
1
695.1
(
39.5
)
655.6
—
(
184.5
)
471.1
Financial liabilities
Amounts due to exchanges,
clearing houses and other
counterparties
1,814.5
(
352.6
)
1,461.9
—
—
1,461.9
Repurchase agreements
19,013.7
(
15,894.8
)
3,118.9
(
3,096.2
)
—
22.7
Derivative Instruments
(Restated)
1
441.7
(
39.5
)
402.2
—
(
128.5
)
273.7
1.
Certain prior period comparatives relating to derivatives have been restated. Refer to note 3(b) and note 36 for further information.
(e) Debt securities
272
Table of Contents
Financial Products Programs
In 2018 and September 2021, we launched our Structured Notes Program and Public Offer
Program (together, the 'Financial Products Programs'), respectively, which are at the core of our Financial
Products business. The Financial Products business is part of our Hedging and Investment solutions
segment and provides our clients with structured investment products (the 'Structured Notes') and
represents a way to diversify our sources of funding and to reduce the utilisation of our revolving credit
facilities. The Financial Products business allows investors to build their own Structured Notes across
numerous asset classes, including commodities, equities, foreign exchange and fixed income products.
Under the Financial Products Program, the Company and Marex Financial (a subsidiary) may issue
warrants, certificates or notes, including auto callable, fixed, stability and capital linked notes with varied
terms. As at 31 December 2024, the Group had
$
2,667.4
m
(2023:
$
1,850.4
m
) of debt securities issued
under the Financial Products Program with an average expected maturity of
17
months
(2023:
15
months
)
however some of those debt securities issued include early redemption clauses exercised at the election
of the investor if the underlying conditions are met. The average imputed interest rate of the notes was
6.4
%
(2023:
7.8
%
). These notes are designated at fair value through profit and loss.
Tier 2 Program
Under the Tier 2 Program, Marex Financial may issue subordinated notes including fixed or floating
rate, zero coupon, share or index linked notes with varied terms that qualify as Tier 2 Capital.
The Tier 2 Program has been approved by the Vienna Stock Exchange and the Tier 2 Notes are
listed on the Vienna Multilateral Trading Facility. As at 31 December 2024, the Group had
$
7.2
m
(2023:
$
7.4
m
) of debt securities issued under the Tier 2 Program with an average maturity of
14
months (2023:
26
months) and an average interest rate of SOFR plus
643
basis points (2023: SOFR plus
643
basis
points).
EMTN Program
In October 2022, the Company entered into a Euro Medium Term Note ('EMTN') Program under
which it may, from time to time, issue tranches of notes of varying terms (EMTN Notes). The maximum
aggregate principal amount of EMTN Notes outstanding at any time during the duration of the EMTN
Program is
$
750.0
m
(or the equivalent in other currencies). The EMTN Notes constitute direct,
unconditional, unsubordinated and unsecured obligations of the Company. The EMTN Notes rank at least
pari passu with all other outstanding unsecured and unsubordinated obligations of the Company. The
EMTN Program also contains certain customary events of default and optional redemption, and the
Company has provided certain customary undertakings, such as restricting the creation of security over
the Company's and the Company's subsidiaries' assets. The EMTN Program and the EMTN Notes are
listed on the Vienna Multilateral Trading Facility of the Vienna Stock Exchange. In February 2023, the
Company issued senior fixed rate notes due 2 February 2028 in the amount of
€
300
m
for net proceeds of
$
325.6
m
at an interest rate of
8.38
%
. As at 31 December 2024, the Group had
$
333.4
m
(2023:
$
358.5
m
)
of debt securities issued under the EMTN Program with an average maturity of
37
months
(2023:
49
months
) and an average interest rate of
8.38
%
(2023:
8.38
%
). These EMTN notes are designated in a fair
value hedging relationship for interest rate risk.
In addition to the above debt programs, the Group issued Additional Tier 1 (AT1) securities which
are accounted for as equity instruments and disclosed in note
31.
Senior Note Program
In October 2024, the Company entered into a Senior Note Program under which it can offer up to
$
700.0
m
in aggregate principal amount of notes on a continuous basis. The specific terms of each series
of notes will be set prior to the time of the sale and will be described separately. The senior notes will
represent direct, senior and unsecured obligations and rank pari passu with other senior unsecured
indebtedness, and the notes of a series will rank equally and without any preference among themselves.
The Senior Notes program contains certain customary events of default and optional redemption, and the
Company has provided certain customary undertakings, such as restricting the creation of security over
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Table of Contents
the Company's and the Company's subsidiaries' assets. The Senior Note Program and the Senior Notes
are listed on the Vienna Multilateral Trading Facility of the Vienna Stock Exchange. In November 2024,
the Company issued senior fixed rate notes due 4 November 2029 totalling
$
600.0
m
for net proceeds of
$
596.7
m
at an interest rate of
6.404
%
. As at 31 December 2024, the Group had
$
596.5
m
of debt
securities issued under the Senior Note Program with an average maturity of
58
months
and an average
interest rate of
6.4
%
. These Senior Note Program notes are designated in a fair value hedging
relationship for interest rate risk.
(f) Financial risk management objectives
The Group's activities expose it to a number of financial risks including credit risk, market risk and
liquidity risk.
The Group manages these risks through various control mechanisms and its approach to risk
management is both prudent and evolving.
Overall responsibility for risk management rests with the Board. Dedicated resources within the
Risk Department control and manage the exposures of the Group's own positions, the positions of its
clients and its exposures to its counterparties, within the risk appetite set by the Board.
Credit risk
The maximum credit risk exposure relating to financial assets is represented by the gross carrying
value as at the balance sheet date. Credit risk in the Group principally arises from cash and cash
equivalents deposited with third party institutions, exposures from transactions and balances with
exchanges and clearing houses, and exposures resulting from transactions and balances relating to
customers and counterparties, some of which have been granted credit lines.
The Group only makes treasury deposits with banks and financial institutions that have received
approval from the Group's Executive Credit and Risk Committee (or their authorised delegates). These
deposits are also subject to counterparty limits with respect to concentration and maturity.
The Group's exposure to customer and counterparty transactions and balances is managed
through the Group's credit policies and, where appropriate, the use of initial and variation margin credit
limits, in conjunction with position limits for all customers and counterparties. These exposures are
monitored both intraday and overnight. The limits are set by the Group's Executive Credit and
Risk Committee (or their authorised delegates) through a formalised process.
Credit quality
The table below reflects the Credit quality of financial assets and does not take into account collateral
held.
2024
2023
$m
$m
AA and above
11,098.3
8,604.5
AA-
3,569.4
1,920.8
A+
882.4
488.9
A
3,906.3
11.7
A-
39.9
162.0
BBB+
257.3
57.0
Lower and unrated
*
4,063.8
5,834.5
23,817.4
17,079.4
*Restated
The Group has received collateral in respect of its derivative assets during the year ended 31
December 2024 amounting to
$
420.1
m
(2023:
$
184.5
m
). Collateral was recognised in amounts due to
exchanges, clearing houses and other counterparties.
274
Table of Contents
Market risk
The Group's activities expose it to financial risks primarily generated through financial (interest rate,
equity and foreign exchange markets) and commodity market price exposures. The Group's Agency &
Execution, Market Making and Hedging and Investment Solutions businesses generate market risk as the
Group acts as principal.
Market risk sensitivity
The Group manages market risk exposure using appropriate risk management techniques within
predefined and independently monitored parameters and limits. The Group uses a range of tools to
monitor and limit market risk exposures. These include Value-at-Risk ('VaR'), sensitivity limits and stress
testing. VaR, risk sensitivity limits and stress testing have been implemented, as appropriate, to provide
oversight and control over the Agency & Execution, Market Making and Hedging and Investment
Solutions segments and to ensure that trading is conducted within the pre-set risk appetite of the Board.
Continuous development of the Group's VaR framework and risk sensitivities will ensure a more
consistent method of risk management for all desks.
Value at Risk
VaR is a technique that estimates the potential losses that could occur on risk positions as a result
of movements in market rates and prices over a specified time horizon and to a given level of confidence.
The VaR model used by the Group for the Metals, Agriculture, Energy and CSC business is based
upon the Monte Carlo simulation technique. The VaR model for the OTC FX, US Repo and the US and
EMEA Securities Financing businesses in the Agency & Execution segment and the Equity Market
Making, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta One Total Return Futures businesses
and the Volatility Performance Fund in the Market Making segment is based on the Historical Simulation
technique.
The Group validates VaR by comparing to alternative risk measures, for example, scenario analysis
and exchange initial margins as well as the back testing of calculated results against actual profit and
loss.
The Group recognises the limitations of VaR by augmenting its VaR limits with other position and
sensitivity limit structures. The Group also applies a wide range of stress testing, both on individual
portfolios and on the Group's consolidated positions.
Market risk management in the Agency & Execution segment
VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the
Capital Markets business in the Agency & Execution segment. Those parts of the Capital Markets
business within the Agency & Execution segment which exhibit market risk are the OTC FX, US Repo and
the US and EMEA Securities Financing businesses.
Market Risk for the OTC FX desk is monitored and regulated through limits based on FX Delta at
the currency, tenor and overall book level and book level VaR
. VaR production and monitoring for this
business started in 2024 and the VaR as at 31st December 2024 was less than
$
0.5
m
.
Market Risk for the US Repo desk is monitored and regulated through daily limits based on DV01,
and O/N vs term activity and book level VaR
.The VaR at 31 December 2024 was less than
$
0.5
m
(2023:
less than
$
0.5
m
).
Market Risk for the US Securities Financing desk is monitored and regulated through daily limits
based on GMV Trigger, P&L Loss Trigger, Term Limits and book level VaR
.The VaR at 31 December 2024
was less than
$
0.5
m
(2023: less than
$
0.5
m
).
Market Risk for the EMEA Securities Financing desk is monitored and regulated through limits
based on FX Delta, DV01, notional and tenor level.
Market risk management in the Market Making segment
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Table of Contents
VaR, risk sensitivity limits and stress testing are used to assess market risk associated with the
Metals, Agriculture, Energy and CSC business, with equities and businesses within Capital Markets in the
Market Making segment. Those parts of the Capital Markets business within Market Making which exhibit
market risk are the Equity Market Making desk, Frontier FX, Interest Rate Swaps, Corporate Bonds, Delta
One Total Return Futures and the Volatility Performance Fund.
For the Metals, Agriculture, Energy and CSC business, the VaR as at 31 December 2024 was less
than
$
4.0
m
(2023: less than
$
2.5
m
) and the average monthly VaR for the year ended 31 December 2024
was less than
$
3.0
m
(2023: less than
$
2.5
m
).
Market Risk for the Equity Market Making business is systematically monitored and regulated
through limits based on net-delta at the stock, book and overall portfolio levels, with triggers in place for
monitoring gross long/short exposures. Additionally, a VaR
limit is implemented to oversee and manage
the desk activities. The VaR at 31 December 2024 was less than
$
0.5
m
(2023: less than
$
0.5
m
).
Market Risk for the Frontier FX desk is monitored and regulated through limits based on FX Delta
at the currency and tenor level and overall book level VaR.
VaR production and monitoring for this
business started in 2024 and the VaR as at 31st December 2024 was less than
$
0.5
m
.
Market Risk for the Interest Rate Swaps desk is systematically monitored and regulated through
limits based on PV01 at the currency, tenor and overall book level and book level VaR.
VaR production
and monitoring for this business started in 2024 and the VaR as at 31 December 2024 was less than
$
0.5
m
.
Market Risk for the US Corporate Bonds desk is monitored and regulated through limits based on
VaR, Stress, DV01 and Issuer GMV. The VaR at 31 December 2024 was
less than
$
0.5
m
(2023: less than
$
0.5
m
).
Market Risk on The Delta One Total Return Futures desk, launched this year, is managed both by
risk sensitivity analysis (delta and dividend) to remain within the agreed limits. The delta and dividend
exposure of the desk at 31 December 2024 was less than
$
0.5
m
.
Market risk in the Volatility Performance Fund is managed both by risk sensitivity analysis and
stress testing to remain within the agreed limits. The stress exposure for the Volatility Performance Fund
as at 31 December 2024 was less than
$
0.5
m
(2023: less than
$
0.5
m
).
Market risk management in the Hedging and Investment Solutions segment
The Hedging and Investment Solutions segment offers bespoke hedging solutions in the form of
customised OTC derivatives and includes the structured notes issuance program. The market risk profile
of the business is managed via risk sensitivities according to the prevailing risk factors of issued products
and hedges. This is monitored and controlled daily on a net risk profile for each desk and supported by
additional stress concentration and scenario-based analyses. Sensitivity analysis measures the impact of
individual market factor movements on specific instruments or portfolios, including the key risks per asset
class as follows:
•
Commodity risk
•
Equity risk
•
Foreign exchange risk
•
Interest rate risk
•
Credit spread risk
•
Crypto currency risk
Risk sensitivity limits together with scenario stresses are used to manage the market risk for the
Hedging and Investment Solutions segment given the inherent complexity of its products. The products
traded within this segment gives rise to a number of different market risk exposures, commonly known as
the "greeks", e.g. delta, gamma, vega. Within each asset class, and in aggregate across the segment, the
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Table of Contents
market risks are captured, measured, monitored and limited within the risk limits agreed with the Market
Risk function.
The net equity market risk exposure to customised OTC derivatives, which includes structured
notes issuance, within Hedging and Investment Solutions, including hedges, using the delta measure for
the year ending 31 December 2024 was less than
$
8.5
m
(2023: less than
$
0.5
m
). Risks on other asset
classes are small.
Sensitivity measures are used to monitor the market risk positions within each risk type, and
granular risk limits are set for each desk with consideration for market liquidity, customer demand and
capital constraints among other factors.
Risk sensitivity calculations are made using a dedicated Risk Engine, whose models have been
validated. They are calculated by altering a risk factor and repricing all products to observe the profit and
loss impact of the change.
The Group issues products on cryptocurrencies, primarily Bitcoin and Ethereum. There are residual
exposures in
four
other cryptocurrencies, driven from
two
structured notes previously issued. The
exposures to cryptocurrencies are detailed in note
2
1
.
Foreign currency risk
The Group's policy is to minimise volatility as a result of foreign currency exposure. We monitor net
exposure in foreign currencies on a daily basis and buy or sell currency to minimise the exposure. We
also enter into hedges for material future dated non-USD commitments through the use of derivative
instruments, which may be designated as cash flow hedge relationships in accordance with the Group's
accounting policy.
Cash flow hedge
a) Foreign Currency
The associated gains and losses on derivatives that are used to hedge GBP commitments are
recognised in other comprehensive income and will be recycled when the anticipated commitments take
place and included in the initial cost of the hedged commitments.
The following table details the foreign currency forward contracts, held within derivatives on the
statement of financial position, that are designated in cash flow hedging relationships:
2024
Average
forward rates
Foreign currency
Notional value
Fair value assets
Outstanding contracts
($/£)
$m
$m
$m
Derivative assets designated as
cash flow hedges
Less than 3 months
1.2451
5.6
4.5
—
3 to 6 months
1.2502
24.4
19.5
—
6 to 12 months
1.2472
11.2
9.0
0.1
41.2
33.0
0.1
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Table of Contents
2024
Average
forward rates
Foreign currency
Notional value
Fair value
liabilities
Outstanding contracts
($/£)
$m
$m
$m
Derivative liabilities designated as
cash flow hedges
Less than 3 months
1.2723
58.2
45.8
0.9
3 to 6 months
1.2729
19.1
15.0
0.3
6 to 12 months
1.2732
37.9
29.8
0.7
115.2
90.6
1.9
2023
Average
forward rates
Foreign currency
Notional value
Fair value assets
Outstanding contracts
($/£)
$m
$m
$m
Derivative assets designated as
cash flow hedges
Less than 3 months
1.2293
28.9
23.5
1.3
3 to 6 months
1.2301
14.7
12.0
0.6
6 to 12 months
1.2303
29.4
23.9
1.2
73.0
59.4
3.1
2023
Average
forward rates
Foreign currency
Notional value
Fair value
liabilities
Outstanding contracts
($/£)
$m
$m
$m
Derivative liabilities designated as
cash flow hedges
Less than 3 months
1.2912
3.9
3.0
(
0.1
)
3 to 6 months
1.2986
3.9
3.0
—
6 to 12 months
1.2856
7.7
6.0
(
0.1
)
15.5
12.0
(
0.2
)
As at 31 December 2024, the aggregate amount of gains/(losses) under foreign exchange forward
contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated future
commitments is a loss of
$
1.8
m
(2023:
$
2.9
m
gain; 2022
$
2.1
m
gain
). It is anticipated that these
commitments will become due monthly over the course of the next twelve months, at which time the
amount deferred in equity will be recycled to profit and loss.
As at 31 December 2024
no
ineffectiveness (2023: $
nil
; 2022: $
nil
) has been recognised in profit
and loss arising from the hedging of these future dated GBP commitments.
b) Interest Rate Risk
The Group is exposed to interest rate risk on cash, investments, derivatives, client balances and
bank borrowings. The main interest rate risk is derived from interest-bearing deposits in which the Group
invests surplus funds and bank borrowings, although the Group's exposure to interest rate fluctuations is
limited through the offset that exists between the bulk of its interest-bearing assets and interest-bearing
liabilities. Since the return paid on client liabilities is generally reset to prevailing market interest rates on
an overnight basis, the Group is only exposed for the time it takes to reset its investments which are held
at rates fixed for a maturity which does not exceed
three months
, with the exception of US Treasuries,
which have a maturity of up to
two years
.
The Group's risk management strategy is to reduce the volatility in the Group's interest receipts
owing to changes in the short term reference rate for the Group's short term deposits. As such,
278
Table of Contents
management monitors the reference rates to ensure that any adverse changes in the reference rate does
not adversely affect the Group's earnings. During 2024, to hedge against future perceived interest rate
headwinds, the Group entered into a series of interest rate swaps in USD and EUR to ensure a smoother
profile of interest rate returns.
The Group has designated certain interest rate swaps as hedging
instruments and the associated gains and losses on the interest rate swaps hedging future interest cash
flows are recognised in other comprehensive income. The following table details the interest rate swap
contracts (within derivatives on the statement of financial position) that are designated in hedging
relationships
:
2024
Outstanding contracts
Notional value $m
Net Amount
Presented
$m
Derivative assets designated as cash flow hedges
Up to 6 months
45.7
0.1
6 to 12 months
120.7
0.1
1 to 5 years
145.0
1.3
311.4
1.5
2024
Outstanding contracts
Notional value $m
Net Amount
Presented
$m
Derivative liabilities designated as cash flow hedges
Up to 6 months
125.0
—
6 to 12 months
150.0
(
0.4
)
1 to 5 years
1,875.0
(
25.7
)
2,150.0
(
26.1
)
The Group has interest rate exposure related to the changes in the short term reference rate on the
Group's overnight deposits. The Group has entered into interest rate swap contracts to hedge the interest
rate risk arising from the deposits, which are designated as cash flow hedges.
As at 31 December 2024, the aggregate amount of gains/(losses) under foreign exchange forward
contracts deferred in the cash flow hedge reserve relating to the exposure on these anticipated future
commitments is a loss of
$
24.6
m
(2023: $
nil
;
2022:
$
2.1
m
gain
). As at 31 December 2024
no
ineffectiveness has been recognised in profit and loss arising from the hedging of these future dated GBP
commitments (2023: $
nil
).
The Group's exposures to interest rate risk arise from financial assets and liabilities measured at
fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates
also have an impact on the Group's net interest income. The overarching risk objective is to match the
risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes
for residual exposures.
Interest rate risk arising from financial assets and financial liabilities measured at fair value within
our trading portfolio is managed as part of the market risk management framework.
The Group's exposures to interest rate risk arise from financial assets and liabilities measured at
fair value, issued debt securities, investments, client balances and derivatives. Changes in interest rates
also have an impact on the Group's net interest income. The overarching risk objective is to match the
risk profile of interest-bearing assets and liabilities, while maintaining risk limits and monitoring processes
for residual exposures.
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Table of Contents
Interest rate risk arising from financial assets and financial liabilities measured at fair value within
our trading portfolio is managed as part of the market risk management framework.
The Group's
approach to issued debt securities, including medium-term note programs, is to convert fixed rate
coupons to floating rates of interest to match predominantly floating interest rate earning assets. This is
typically achieved using interest rate derivatives, which are designated as fair value hedge relationships in
accordance with the Group's accounting policy. The interest rate risk of investments is managed by
approved risk limits, which consider credit quality and duration.
The Group's objective is to reduce the volatility of net interest income arising from client-driven
balances (e.g. cash deposits to meet margin requirements), which can be remunerated on a fixed or
floating (spread) basis. Interest rate exposure arises from fixed rate client interest terms, where the
corresponding assets yield a floating rate of interest at an exchange, bank account and investments. The
Group has entered into a rolling portfolio of interest rate swaps, for a portion of relevant client balances,
which are designated as fair value hedges in accordance with the Group accounting policy.
The interest rate movements are monitored for potential impact to net interest income ('NII')
continuously. The Group is sensitive to movements in short term rates, as changes to the rate will require
a rebalancing of any fixed rate exposure. The Group considers that short term rates include rates that
reference periods between overnight and three months on the basis that these are the most common
fixing periods for interest rate products. The interest rate exposure is managed using a variety of
instruments and is exposed to material changes in the short term rates as these are likely to reflect fixing
periods during which floating rate exposure is effectively fixed until the next fixing date is reached.
Analysis of recent changes to short term rates suggest that movements are usually within a
100
bps
range; this is based on a review of Fed Funds rate moves over a rolling
3
-month period between January
2022 and September 2023 and as such, the Group has considered a movement of
100
bps to be an
extreme scenario over a
3
-month period.
The Group has modelled the interest rate sensitivity to include the impact of rate movements on the
income earned on average investment balances offset with expenses paid on interest bearing liabilities
and debt funding. This reflects the proportion of client assets which are interest bearing and the average
balances of our debt funding. The sensitivity analysis has been determined based on the exposure at the
reporting date and does not include effects that may arise from increased margin calls at exchanges,
changes in client behaviour or related management actions.
It is estimated, that as at 31 December 2024, if the relevant short term interest rates had been
100
bps higher, NII on interest-bearing financial assets and financial liabilities for the year ended
31 December 2024 would increase by
$
17
m
(2023:
$
38
m
). If the short-term interest rates had been
100
bps lower, NII for interest-bearing financial assets and financial liabilities for the year ended 31
December 2023 would decrease by
$
17
m
(2023:
$
38
m
). This impact relates solely to NII and does not
include the impact of compensation or taxes which would reduce the impact on profit after tax.
Fair value hedge
At 31 December 2024, the Group had an interest rate swap and a cross currency swap agreement
in place with a notional amount of
€
300
m
whereby the Group receives SOFR +
6.1
%
and
$
327.3
m
in
return for
€
300
m
and paying fixed
8.375
%
. The interest rate swap and cross currency swap are being
used to hedge the exposure to changes in the fair value of the fixed rate
8.375
%
senior debt issuance.
At 31 December 2024, the Group also had an interest rate swap with a notional amount of
$
600.0
m
whereby the Group receives the fixed rate of
6.404
%
and pays the floating rate of SOFR +
2.5751
%
. The
risk being hedged is the exposure to changes in the fair value of the fixed-rate senior bond issuance due
to fluctuations in market interest rates.
There is an economic relationship between the hedged items and the hedging instruments as the
terms of the interest rate swap match the terms of the fixed rate loan (i.e. notional amount, maturity,
280
Table of Contents
payment and reset dates). The Group has established a hedge ratio of
1
:
1
for the hedging relationships
as the underlying risk of the interest rate swap is identical to the hedged risk component. To test the
hedge effectiveness, the Group uses the hypothetical derivative method and compares the changes in the
fair value of the hedging instrument against the changes in the fair value of the hedged item attributable to
the hedged risk.
Hedge ineffectiveness can arise from:
•
different interest rate curve applied to discount the hedged item and hedging instrument;
•
differences in timing of cash flows of the hedged item and hedging instrument;
•
the counterparties' credit risk differently impacting the fair value movements of the hedging
instrument and hedged item.
The impact of hedge accounting on the statement of financial position as at 31 December 2024 is
as follows:
Notional
Amount
Carrying
Amount
Line item in the
statement of financial
position
Change in fair value
used for recognising
ineffectiveness for the
year
$m
$m
$m
Interest rate swap
910.7
17.0
Derivative instruments
(
2.1
)
Cross currency swap
327.3
(
22.8
)
Derivative instruments
Fixed rate borrowing
906.2
929.9
Debt securities
2.1
The impact of hedge accounting on the statement of financial position as at 31 December 2023 is
as follows:
Notional
Amount
Carrying
Amount
Line item in the
statement of financial
position
Change in fair value
used for recognising
ineffectiveness for the
year
$m
$m
$m
Interest rate swap
331.1
23.8
Derivative instruments
3.4
Cross currency swap
327.3
3.0
Derivative instruments
—
Fixed rate borrowing
329.8
358.4
Debt securities
(
3.4
)
Concentration risk
To mitigate the concentration of credit risk exposure to a particular single customer, counterparty or
group of affiliated customers or counterparties, the Group monitors these exposures carefully and
ensures that these remain within pre-defined limits. Large exposure limits are determined in accordance
with appropriate regulatory rules.
Further concentration risk controls are in place to limit exposure to clients or counterparties within
single countries of origin and operation through specific country credit risk limits as set by the Board Risk
Committee.
The largest concentration of cash balances as at 31 December 2024 was
44
%
(2023:
46
%
) to a
UK-based, AA- rated global banking group (2023: UK-based, AA rated global banking group).
The largest concentration of exposures to exchanges, clearing houses and other counterparties as
at 31 December 2024 was
32
%
to ICE (2023:
38
%
) and
26
%
to the CME (2023:
38
%
).
The largest concentration of exposures to treasury instruments is to the United States Government
as
86
%
(2023:
97
%
) of the instruments are issued by the US Government or a US Government
sponsored enterprise.
281
Table of Contents
Liquidity risk
The Group defines liquidity risk as the failure to meet its day-to-day capital and cash flow
requirements. Liquidity risk is assessed and managed under the Individual Capital and Risk Assessment
(ICARA) and Liquidity Risk Framework. To mitigate liquidity risk, the Group has implemented robust cash
management policies and procedures that monitor liquidity daily to ensure that the Group has sufficient
resources to meet its margin requirement at clearing houses and third party brokers. In the event of a
liquidity issue arising, the Group has recourse to existing global cash resources, after which it could draw
down on
$
275
m
(2023:
$
250
m
) of committed revolving credit facilities (note
21(d)
). The Group has
access to a further
$
200
m
(2023:
$
125
m
) secured borrowings (note
21(b)
). The effect of the callable
features within the structured note program is monitored and dynamically updated to reflect any changes
to expected cashflows as part of the overall Group liquidity requirements. Short term liquidity
requirements are monitored and subject to limits reflecting the Groups liquidity resources.
There are strict guidelines followed in relation to products and tenor into which excess liquidity can
be invested. Excess liquidity is invested in highly liquid instruments, such as cash deposits with financial
institutions for a period of less than
three months
and US Treasuries with a maturity of up to
two years
.
The financial liabilities are based upon rates set on a daily basis, apart from the financing of the
warrant positions and the credit facility where the rates are set for the term of the loan. For assets not
marked to market, there is no material difference between the carrying value and fair value.
Liquidity risk exposures
The following table details the Group's available committed financing facilities including committed
credit agreements:
Secured borrowings and committed revolving credit facilities:
2024
2023
$m
$m
Amount used
21(a)
152.0
—
Amount unused
21(c)
275.0
250.0
427.0
250.0
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The following table details the Group's contractual maturity for non-derivative financial liabilities.
Debt securities are presented discounted based on the first call dates. Lease liabilities are undiscounted
and contractual.
On demand
Less than 3
months
3 to 12
months
1 to 5
years
More than 5
years
Total
2024
$m
$m
$m
$m
$m
$m
Repurchase agreements
—
2,305.8
—
—
—
2,305.8
Short securities
—
1,704.6
—
—
—
1,704.6
Amounts due to exchanges,
clearing houses and other
counterparties
1,218.8
282.0
0.7
—
—
1,501.5
Amounts payable to clients
7,270.8
—
—
—
—
7,270.8
Trade payables
3.6
463.4
3.2
—
—
470.2
Other creditors
6.0
4.9
4.1
2.3
—
17.3
Stock lending
4,804.5
147.6
—
—
—
4,952.1
Short term borrowings
—
152.0
—
—
—
152.0
Debt securities
—
1,235.8
883.8
1,434.9
50.0
3,604.5
Lease liabilities
—
3.7
10.3
52.9
37.4
104.3
13,303.7
6,299.8
902.1
1,490.1
87.4
22,083.1
On demand
Less than 3
months
3 to 12
months
1 to 5
years
More than 5
years
Total
2023
$m
$m
$m
$m
$m
$m
Repurchase agreements
—
3,118.9
—
—
—
3,118.9
Short securities
1.3
1,923.5
—
—
—
1,924.8
Amounts due to exchanges,
clearing houses and other
counterparties
1,461.9
—
—
—
—
1,461.9
Amounts payable to clients
4,899.1
—
—
—
—
4,899.1
Trade payables
16.1
—
—
—
—
16.1
Other creditors
6.5
9.8
1.8
—
—
18.1
Stock lending
—
2,323.3
—
—
—
2,323.3
Debt securities
—
440.2
868.2
889.4
18.5
2,216.3
Lease liabilities
—
3.4
10.4
31.5
12.5
57.8
6,384.9
7,819.1
880.4
920.9
31.0
16,036.3
Amounts due to exchanges, clearing houses and other counterparties, amounts payable to clients,
trade payables and other creditors are aggregated on the statement of financial position in trade and
other payables and disaggregated in note
24.
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Shown below is the Group's contractual maturity for non-derivative financial assets:
2024
On demand
$m
Less than
3 months
$m
3 to 12
months
$m
1 to 5
years
$m
More than
5 years
$m
Total
$m
Treasury instruments
125.6
2,638.6
679.4
125.1
—
3,568.7
Fixed income securities
75.2
12.5
—
—
—
87.7
Equity instruments
4,464.3
213.7
—
—
—
4,678.0
Stock borrowing
1,577.9
203.7
—
—
—
1,781.6
Reverse repurchase agreements
213.0
2,277.4
—
—
—
2,490.4
Amounts due from exchanges,
clearing houses and other
counterparties
3,215.5
—
—
—
—
3,215.5
Amounts receivable from clients
2,838.6
—
—
—
—
2,838.6
Trade debtors
60.6
251.7
471.4
2.1
—
785.8
Default funds and deposits
6.9
416.4
4.9
45.9
—
474.1
Loans receivable
63.7
25.7
0.4
—
—
89.8
Other debtors
32.8
24.1
1.5
3.2
1.4
63.0
Cash and cash equivalents
2,556.6
—
—
—
—
2,556.6
15,230.7
6,063.8
1,157.6
176.3
1.4
22,629.8
2023
On demand
$m
Less than
3 months
$m
3 to 12
months
$m
1 to 5
years
$m
More than
5 years
$m
Total
$m
Treasury instruments
—
2,681.1
104.8
119.7
—
2,905.6
Fixed income securities
—
76.7
—
—
—
76.7
Equity instruments
1,511.9
9.4
—
—
—
1,521.3
Stock borrowing
2,501.4
—
—
—
—
2,501.4
Reverse repurchase agreements
—
3,199.8
—
—
—
3,199.8
Amounts due from exchanges,
clearing houses and other
counterparties
2,344.2
—
—
—
—
2,344.2
Amounts receivable from clients
1,728.0
—
—
—
—
1,728.0
Trade debtors
80.5
206.7
11.8
1.1
—
300.1
Default funds and deposits
3.5
124.6
131.2
0.1
—
259.4
Loans receivable
—
7.7
0.4
—
—
8.1
Other debtors
67.3
11.3
0.2
0.1
0.6
79.5
Cash and cash equivalents
1,483.5
—
—
—
—
1,483.5
9,720.3
6,317.3
248.4
121.0
0.6
16,407.6
Both assets and liabilities are included to understand the Group's liquidity risk management, as the
liquidity is managed on a net asset and liability basis. Amounts due from exchanges, clearing houses and
other counterparties, amounts receivable from clients, trade debtors, default funds and deposits, loans
receivable and other debtors are aggregated on the statement of financial position in trade and other
receivables and disaggregated in note
20
.
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The following table details the Group's contractual maturity for derivative financial assets and
derivative financial liabilities as at
31 December 2024:
2024
On demand
Less than
3 months
3 to 12
months
1 to 5
years
5 + years
Total
Derivative instruments
$m
$m
$m
$m
$m
$m
Assets
—
381.4
381.3
396.5
4.3
1,163.5
Liabilities
—
(
357.3
)
(
164.9
)
(
209.3
)
(
20.2
)
(
751.7
)
—
24.1
216.4
187.2
(
15.9
)
411.8
The following table details the Group's contractual maturity for derivative financial assets and
derivative financial liabilities as at 31 December 2023:
2023 (Restated)
1
On demand
Less than
3 months
3 to 12
months
1 to 5
years
5 + years
Total
Derivative instruments
$m
$m
$m
$m
$m
$m
Assets
—
255.3
139.9
258.0
2.4
655.6
Liabilities
—
(
248.9
)
(
109.0
)
(
42.5
)
(
1.8
)
(
402.2
)
—
6.4
30.9
215.5
0.6
253.4
1.
Certain prior period comparatives have been restated. Refer to note 3(b) and note 36 for further information.
Certain derivative assets and liabilities do not meet the offsetting criteria in IAS 32, but the entity
has the right of offset in the case of default, insolvency or bankruptcy. Consequently, the gross amount of
derivative assets of
$
1,163.5
m
(2023:
$
655.6
m
) and the gross amount of derivative liabilities of
$
751.7
m
(2023:
$
402.2
m
) are presented separately in the Group's statement of financial position.
Fair value measurement
The information set out below provides information about how the Group determines fair values of
various financial assets and financial liabilities.
Management assessed that the fair values of stock borrowing, reverse repurchase agreements,
amounts due from exchanges, clearing houses and other counterparties, cash and short term deposits,
trade receivables, repurchase agreements, stock lending and trade and other payables, approximate their
carrying value amounts largely due to the short-term maturities of these instruments.
The following methods and assumptions were used to estimate the Level 2 fair values:
•
The fair values of the debt securities takes the price quotations at the reporting date and
compares them against internal quantitative models that require the use of multiple market inputs
including commodities prices, interest and foreign exchange rates to generate a continuous yield
or pricing curves and volatility factors, which are used to value the position.
•
The fair value of non-listed investments relates to the Group's holding of seats and membership of
the exchanges and is based upon the latest trading price.
•
Where the inventory is related to scrap metals, the valuation is based on the quoted price
discounted by location and grade of metal. Where there is an active market for the Group's
inventory, then quoted market price will be used to value the inventory position.
•
The Group enters into derivative financial instruments with various counterparties, principally
financial institutions with investment grade credit ratings. Interest rate swaps, foreign exchange
forward contracts and commodity forward contracts are valued using valuation techniques, which
employ the use of market observable inputs. The most frequently applied valuation techniques
include forward pricing and swap models using present value calculations. The models
incorporate various inputs including the credit quality of counterparties, foreign exchange spot and
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Table of Contents
forward rates curves of the underlying commodity. Some derivative contracts are fully cash
collateralised, thereby eliminating both counterparty risk and the Group's own non-performance
risk.
Level 3 fair value measurements are those derived from valuation techniques that include inputs for
the asset or liability that are not based on observable market data. Some of the Group's derivative
financial instruments are priced using quantitative models that require the use of multiple market inputs
including commodity prices, interest and foreign exchange rates to generate continuous yield or pricing
curves and volatility factors in addition to unobservable inputs, which are used to value the position and
therefore qualify as Level 3 financial assets.
Own credit
Under IFRS 9, changes in fair value related to own credit risk for other financial liabilities
designated at fair value through profit and loss are recognised in other comprehensive income. The
changes in own credit risk recognised in other comprehensive income are subsequently transferred within
equity to retained earnings in the same period as the underlying position matures or terminates. The
Group determines its own credit spread regularly based on a model using observable market inputs.
Management estimates the own credit spread through using market observable credit spreads of publicly
traded debt of the Group and composite credit spreads across the industry. The estimated own credit
sensitivity to a
1
basis point move in credit spread is
$
0.3
m
(2023:
$
0.2
m
). Hence an increase in own
credit spread of
1
basis point will lead to a charge of
$
0.3
m
(2023:
$
0.2
m
) recognised in other
comprehensive income.
The following table shows an analysis of assets and liabilities recorded at fair value shown in
accordance with the fair value hierarchy as at 31 December 2024 and 2023.
286
Table of Contents
Level 1
Level 2
Level 3
Total
2024
$m
$m
$m
$m
Financial assets – FVTPL:
Equity instruments
4,464.3
213.7
—
4,678.0
Treasury Instruments
29.7
—
—
29.7
Fixed income securities
75.1
12.6
—
87.7
Derivative instruments
—
1,161.3
0.7
1,162.0
Amounts receivable from clients
51.9
—
—
51.9
Trade debtors
—
108.7
—
108.7
Reverse repurchase agreements
—
2,490.4
—
2,490.4
Stock borrowing
1,781.7
—
—
1,781.7
Financial assets – FVTOCI:
Investments
12.6
6.3
5.1
24.0
Derivative instruments
—
1.5
—
1.5
Financial liabilities – FVTOCI:
Derivative instruments
—
(
27.5
)
—
(
27.5
)
Financial liabilities – FVTPL:
Derivative instruments
—
(
724.1
)
(
0.1
)
(
724.2
)
Trade payables
(
7.4
)
—
—
(
7.4
)
Amounts payable to clients
(
65.1
)
—
—
(
65.1
)
Short securities
(
1,644.8
)
(
59.8
)
—
(
1,704.6
)
Debt securities
—
(
2,668.9
)
(
5.7
)
(
2,674.6
)
Stock lending
(
3,480.9
)
—
—
(
3,480.9
)
Repurchase agreements
—
(
2,305.8
)
—
(
2,305.8
)
1,217.1
(
1,791.6
)
—
(
574.5
)
In addition to the financial instruments presented above, the Group also holds inventory which is
measured at fair value less costs to sell. Refer to note
19
'Inventory' for further details.
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Table of Contents
Level 1
Level 2
Level 3
Total
2023 (Restated)
1
$m
$m
$m
$m
Financial assets – FVTPL:
Equity instruments
1,521.3
—
—
1,521.3
Derivative instruments (Restated)
1
1.1
650.6
0.8
652.5
Trade debtors (Restated)
2
5.6
32.5
—
38.1
Stock borrowing (Restated)
2
2,501.4
—
—
2,501.4
Reverse repurchase agreements (Restated)
2
—
3,199.8
—
3,199.8
Amounts receivable from clients
2
12.0
—
—
12.0
Fixed income securities
76.7
—
—
76.7
Financial assets – FVTOCI:
Investments
5.5
10.7
—
16.2
Derivative instruments
—
3.1
—
3.1
Financial liabilities – FVTOCI:
Derivative instruments
—
(
0.2
)
—
(
0.2
)
Financial liabilities – FVTPL:
Derivative instruments (Restated)
1
(
2.2
)
(
396.8
)
(
3.0
)
(
402.0
)
Trade payables
(
5.6
)
—
—
(
5.6
)
Amounts payable to clients
(
105.2
)
—
(
105.2
)
Short securities
(
1,924.8
)
—
—
(
1,924.8
)
Debt securities
—
(
1,854.9
)
(
3.0
)
(
1,857.9
)
2,085.8
1,644.8
(
5.2
)
3,725.4
1.
Certain prior period comparatives have been restated. Refer to note
3(c)
and note
36
for further information.
2.
The Group realigned the classification of the balances for reverse repurchase agreements, stock borrowing, trade facilitation and receivables from LME to reflect the
underlying way that the assets are managed. These assets were previously disclosed as assets held at amortised cost, but have been adjusted to FVTPL. As at 31
December 2023, the difference between FVTPL and amortised cost is
$
0.5
m
for stock borrowing and
$
0.1
m
for the reverse repurchase agreements.
The following table summarises the movements in the Level 3 balances during the year.
Asset and liability transfers between Level 2 and Level 3 are primarily due to either an increase or
decrease in observable market activity related to an input or a change in the significance of the
unobservable input, with assets and liabilities classified as Level 3 if an unobservable input is deemed
significant. There were
no
transfers between any other levels during the year (2023:
no
transfers).
Reconciliation of Level 3 fair value measurements of financial assets
2024
2023
$m
$m
Balance at 1 January
0.8
2.6
Purchases
5.3
—
Settlements
(
0.8
)
(
2.4
)
Total gains or losses in the period recognised in the income statement:
Market Making revenue
0.4
0.6
Transfers out of Level 3
(
0.1
)
—
Transfers into Level 3
0.2
—
Balance at 31 December
5.8
0.8
Reconciliation of Level 3 fair value measurements of financial liabilities
288
Table of Contents
2024
2023
$m
$m
Balance at 1 January
6.0
4.8
Purchases
4.3
0.6
Settlements
(
2.5
)
(
0.7
)
Total gains or losses in the period recognised in the income statement:
Market Making revenue
(
0.3
)
2.9
Transfers out of Level 3
(
1.9
)
(
4.0
)
Transfers into Level 3
0.2
2.4
Balance at 31 December
5.8
6.0
The Group's management believes, based on the valuation approach used for the calculation of fair
values and the related controls, that the Level 3 fair values are appropriate. The impact of reasonably
possible alternative assumptions from the unobservable input parameters shows no significant impact on
the Group's profit, comprehensive income or shareholders' equity. The Group deems the total amount of
Level 3 financial assets and liabilities to be immaterial and therefore any sensitivities calculated on these
balances are also deemed to be immaterial. The Group defers day 1 gains/losses when the initial fair
value of a financial instrument held at fair value through profit and loss relies on unobservable inputs. At
31 December 2024, the Group held a deferred day 1 gains/losses balance of
$
5.3
m
(2023
$
3.1
m
).
32      Client Money (segregated)
As required by the UK FCA's Client Assets Sourcebook ('CASS') rules and the CFTC's client
money rules, the Group maintains certain balances on behalf of clients with banks, exchanges, clearing
houses and brokers in segregated accounts. Segregated assets governed by the UK FCA's CASS rules
and the related liabilities to clients, whose recourse is limited to segregated accounts, are not included in
the Group's statement of financial position where the Group is not beneficially entitled thereto and does
not share any of the risks or rewards of the assets. Excess Group cash placed in US segregated
accounts to satisfy US regulations and securities held in US segregated accounts are recognised on the
Group's statement of financial position.
2024
2023
$m
$m
Segregated assets at banks (not recognised)
4,982.4
4,116.4
Segregated assets at exchanges, clearing houses and other counterparties (not
recognised)
1,101.2
2,084.6
Segregated assets at exchanges, clearing houses and other counterparties
(recognised)
3,016.5
4,415.6
9,100.1
10,616.6
1.
Under the UK FCA's client money rules, certain monies are protected, segregating these monies from the Group's own money. This applies to client money placed within
segregated bank accounts but also for client money placed at exchanges where the money is held in segregated bank accounts. The same cannot be said to apply under the
CFTC rules, thus driving the accounting treatment of derecognising segregated cash at exchanges in the UK compared to the US.
As at 31 December 2024,
$
173.9
m
(2023:
$
197.7
m
) of excess Group cash placed in segregated
accounts to satisfy US regulations has been recorded within cash and cash equivalents and client
liabilities within trade and other payables in the statement of financial position.
33      Earnings Per Share
Basic earnings per share is calculated by dividing the profit attributable to the ordinary shareholders
of the Group for the year by the weighted average number of ordinary shares outstanding during the year.
Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the Group
(after adjusting for the impact of AT1 securities dividends) by the weighted average number of ordinary
289
Table of Contents
shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary
shares.
The following table reflects the income and share data used in the basic and diluted EPS calculations:
2024
2023
2022
Restated
1
Restated
1
Profit before tax ($m)
295.8
196.5
121.6
Tax ($m)
(
77.8
)
(
55.2
)
(
23.4
)
Profit after tax ($m)
218.0
141.3
98.2
AT1 dividends paid ($m)
(
13.3
)
-
13.3
(
6.6
)
Profit attributable to ordinary shareholders of the
Group ($m)
204.7
128.0
91.6
Weighted average number of ordinary shares during
the year
69,231,625
66,018,514
66,051,966
Basic earnings per share ($)
2.96
1.94
1.39
Weighted average number of ordinary shares for basic
EPS
69,231,625
66,018,514
66,051,966
Effect of dilution from:
Share schemes
6,047,829
4,304,953
1,518,855
Weighted average number of ordinary shares adjusted
for the effect of dilution
75,279,454
70,323,467
67,570,821
Diluted earnings per share ($)
2.72
1.82
1.36
*1.
The comparative weighted average number of ordinary shares has been restated to reflect the share capital reorganisation. This resulted in the weighted average number of
shares outstanding decreasing, impacting the calculation of basic and diluted earnings per share. On 25th April a series of share capital reorganisation steps were
undertaken to re-denominate the share capital prior to the completion of the IPO. Refer to Note
26
for more detail on the share capital reorganisation.
There have been
no
other transactions involving ordinary shares or potential ordinary shares
between the reporting date and the date of authorisation of these financial statements.
34      Related Party Transactions
(a) Parent
The Group comprises Marex Group plc and its subsidiaries. Subsidiaries refers to the entities
controlled by the Company
.
(b) Key management personnel
The remuneration paid to key management personnel for their services to the Group was as
follows:
2024
2023
2022
$m
$m
$m
Aggregate wages and salaries
54.9
46.5
47.3
Short-term monetary benefits
0.2
0.2
0.2
Defined contribution pension cost
0.1
0.1
0.1
Management Incentive plan
22.5
16.5
12.9
77.7
63.3
60.5
290
Table of Contents
(c) Key management personnel transactions
In May 2024
, the Employee Benefit Trust acquired the beneficial interest in
124,568
shares from
key management personnel to facilitate tax withholding payments relating to the vesting of shares under
the Company's Deferred Benefit Plans.
(d) Transactions with entities having significant influence over the Group
Balances and transactions between the Company and its subsidiaries which are related parties
have been eliminated on consolidation and are not disclosed in this note.
The Shareholders' Agreement which the Company entered into on 20 October 2020 with
Amphitryon Limited, Ocean Ring Jersey Co. Limited and Ocean Trade Lux Co S.A.R.L. (referred to as
'2020 Shareholders' Agreement'), meant that the Group paid a management
2.5
%
of EBITDA each year
to a party associated with the ultimate parent company for services provided.
This resulted in the Group
having paid
$
2.4
m
(2023:
$
6.1
m
) recorded in other expenses. As at 31 December 2024, there were
no
outstanding payable balances (2023:
$
1.1
m
) recorded within trade and other payables.
Following the Company's successful initial public offering on 25 April 2024, the 2020 Shareholders'
Agreement was terminated and a new Shareholders Agreement came into effect between the Company,
Amphitryon Limited, JRJ Investor 1 Limited Partnership and MASP Investor Limited Partnership (the
'2024 Shareholders Agreement'). Amongst other matters, the 2024 Shareholders' Agreement afforded
Amphitryon Limited the right to appoint up to
two
nominee directors to the Board of Marex Group plc,
subject to certain shareholding thresholds being met. The 2024 Shareholders Agreement did not include
the payment of any management fees.
Prior to the IPO, the Group's related parties comprised its private equity investors Ocean Ring
Jersey Co. Limited, MASP Investor Limited Partnership, and Amphitryon Limited, together with their
holding or controlling entities. Following completion of the IPO, Ocean Ring Jersey Co. Limited and MASP
Investor Limited Partnership (and their holding or controlling entities) ceased to be related parties as their
ownership fell below
20
%
. Amphitryon Limited and its holding or controlling entities remained related
parties post-IPO by virtue of their ownership greater than
20
%
, and by their board representation (as
noted above).
Amphitryon Limited and its holding or controlling entities continued to be considered related parties
following a further sale of shares in October 2024 (despite their ownership falling below
20
%
) due to their
Board representation. This remained the position as at 31 December 2024.
There were
no
other transactions during the period or assets and liabilities outstanding as at 31
December 2024 (2023: $
nil
) with other related parties.
291
Table of Contents
35      Share-based payments
In connection with the IPO, in April 2024, the Group adopted the Global Omnibus Plan, which
provides for the grant of share options, including incentive share options, conditional awards, restricted
shares, share appreciation rights or any other share- or cash-based awards to eligible employees and
non-employees. New awards are all granted within the terms of this plan.
The Group operates
three
equity-settled share-based remuneration schemes for Executive
Directors and senior management. These are a deferred bonus plan, a retention long term incentive plan
and an annual long term incentive plan. In addition there have been
two
new share-based payment
schemes in 2024, the all employee award and a non executive directors' award. All are United Kingdom
tax authority unapproved schemes. The cost of the service is calculated by reference to the fair value of
shares at the grant date, the number of shares expected to vest under the schemes and the probability
that the performance and the service conditions will be met. The cost of the service is recognised in the
income statement over the period that the recipient provides service and there is a shared understanding
of the terms and conditions of the arrangement. The recipient to whom these awards were granted must
not depart from the Group, and such an action would require a forfeiture of some or all of the award
depending on the conditions under which the employee were to leave.
Deferred Bonus Plan
Members of the scheme are awarded a fixed number of non-voting ordinary shares vesting in
three
equal tranches over the
three years
following the date of grant. As the awards are based on the
employees' annual performance, the fair value has been expensed from the beginning of the year for
which the bonus had been awarded. Prior to the IPO, the fair value of a share award at grant date was
the final price approved by the Remuneration Committee and determined based on a multiple of earnings
as at grant date with reference to comparable peer companies. Post IPO, the fair value of a share award
is based on the Group's quoted share price at the date of the grant.
Retention Long Term Incentive Plan
Members of the scheme are awarded a variable number of non-voting ordinary shares
three years
after the grant date. The number of shares awarded is determined by reference to a hurdle return on
equity of the Group and to growth targets for the profit after tax of the Group over the
three
-year period.
Prior to the IPO, the fair value of a share award at grant date was the final price approved by the
Remuneration Committee and determined based on a multiple of earnings as at grant date with reference
to comparable peer companies. Post IPO, the fair value of a share award is based on the Group's quoted
share price at the date of the grant.
Annual Long Term Incentive Plan
Members of the scheme are awarded a variable number of non-voting ordinary shares
three years
after the grant date. The number of shares awarded is determined by reference to financial underpins; the
first is a hurdle return on equity of the Group and the second underpin is growth targets for the adjusted
profit before tax over the
3
-year period. Prior to the IPO, the fair value of a share award at grant date was
the final price approved by the Remuneration Committee and determined based on a multiple of earnings
as at grant date with reference to comparable peer companies. Post IPO, the fair value of a share award
is based on the Group's quoted share price at the date of the grant.
All Employee Award
As part of the IPO, members of the scheme have been awarded a fixed number of non-voting
ordinary shares which vest
three years
after the grant date. The fair value of a share award is based on
the Group's quoted share price at grant date.
292
Table of Contents
Non-Executive Directors' Award
Members of the scheme are awarded a fixed number of non-voting ordinary shares which vest
one
year
after the grant date. The fair value of a share award is based on the Group's quoted share price at
grant date.
The charge for the year arising from share-based payment schemes was as follows:
2024
2023
$m
$m
Deferred Bonus Plan
20.0
13.8
Retention Long Term Incentive Plan
4.0
4.5
Annual Long Term Incentive Plan
4.6
2.0
All Employee Plan
0.6
—
Non-Executive Directors' Plan
0.4
—
Total equity-settled share-based payments
29.6
20.3
Movement on share awards
2024
2023
Number
Number
Outstanding at the beginning of the year
8,621,240
5,835,142
Reverse Share Split
(
4,316,287
)
0
Granted during the year
2,256,357
3,067,596
Vested during the year
(
496,240
)
(
281,498
)
Forfeited during the year
(
17,241
)
—
Outstanding at the end of the year
6,047,829
8,621,240
Weighted average fair value of awards granted ($)
18.5
6.8
In connection with the IPO, steps were taken to reorganise share capital resulting in the reverse
share split. Further detail is provided in note
28
'Share Capital'.
Previous share-based payment schemes
In addition to the
five
equity-settled share-based remuneration schemes currently active and
outlined above, there were a number of share based remuneration schemes which had been granted
historically. The instruments issued under those plans included growth shares, nil cost options, growth
share options and warrants. The settlement event for these instruments was the liquidity event which
occurred on 25 April 2024. All of those outstanding instruments were settled in exchange for a number of
the Group's ordinary shares and deferred shares.
As the IPO was a liquidity event, the following transactions took place:
•
All the holders of the growth shares issued under the series granted in 2010, 2011 and 2015
elected for them to be redeemed in non-voting ordinary shares instead of cash and hence
10,842,848
growth shares were converted into
6,789,719
non-voting ordinary shares and
4,450,577
deferred shares.
•
The growth shares awarded under the series granted in 2016, 2019 and 2020 vested.  All the
holders of these growth shares elected for the awards to be settled in shares instead of cash and
hence
14,050,000
growth shares were converted into
8,236,326
non-voting ordinary shares and
5,398,810
deferred shares.
293
Table of Contents
•
The 2010 growth options were settled through the issuance of
185,894
newly issued Growth
Shares which in turn was settled with the allocation of
122,810
non-voting ordinary shares and
80,500
deferred shares.
•
All
the
nil
cost options were exercised and
592,536
previously issued non-voting ordinary shares
were transferred to the holders of the options.
•
The warrants
granted in 2012 were exercised and
875,171
non-voting ordinary shares were
issued.  The warrants granted in 2019 on
268,282
non-voting ordinary shares were terminated
and instead,
142,709
ordinary shares will be issued on or shortly following the twelve-month
anniversary of the completion date of our IPO. This award remains outstanding as of 31
December 2024.
All
of the non-voting ordinary shares of the Company were then reclassified as ordinary shares by
way of redesignation. Subsequently, in satisfaction of the dividend entitlement associated with 2016, 2019
and 2020 growth share awards,
2,039,124
ordinary shares were issued.
All
other instruments issued
under the previous share-based remuneration plans have been settled. All the above transactions were
settled immediately prior to the IPO and subsequently subject to reverse ordinary share split. See note
29
for further information.
36      Restatement
The Group restated the consolidated statement of financial position as of 31 December 2023 to
correct errors as follows.
The Group evaluated the materiality of the misstatements outlined below in accordance with Staff
Accounting Bulletin ("SAB") No. 99, Materiality, and SAB No. 108, considering both qualitative and
quantitative factors. The Group determined the misstatement in the consolidated statement of financial
position as at 31 December 2023 and 2022, and each of the three years in the period ended 31
December 2023 (the "2023 Consolidated Financial Statements")  was immaterial and did not require
restatement of the previously issued 2023 Consolidated Financial Statements. The correction of this error
did not change the total assets and does not impact the consolidated income statement, statements of
comprehensive income, cash flows or of changes in equity.
Restatement of consolidated statement of financial position as of 31 December 2023
Presentation of derivative instruments
During the preparation of these financial statements, the Group noted an error in the presentation
of derivative instruments on the statement of financial position as at 31 December 2023. The Group
presented certain legs of derivative instruments separately within derivative instruments assets and
derivative instruments liabilities; however they should have been presented as one unit of account.
The Group determined the misstatement in the consolidated financial position as at 31 December
2023 included in the consolidated statement of financial position as at 31 December 2023 in the 2023
Group Annual Report was immaterial and did not require restatement of the previously issued
consolidated financial statements.  The error did not impact the consolidated income statement,
statements of comprehensive income, changes in equity, and cash flows included in the previously issued
2023 Consolidated Financial Statements.
The restatement is summarised in the table below.
As reported
Adjustment
As restated
31 December 2023
$m
$m
$m
Derivative instruments - assets
794.1
(
138.5
)
655.6
Total current assets
17,074.5
(
138.5
)
16,936.0
Total assets
17,750.1
(
138.5
)
17,611.6
Derivative instruments - liabilities
540.7
(
138.5
)
402.2
294
Table of Contents
Total current liabilities
16,023.2
(
138.5
)
15,884.7
Total liabilities
16,974.2
(
138.5
)
16,835.7
There was no impact as at 1 January 2023 arising from this restatement.
Presentation of equity instruments
The Group noted an error in the presentation of equity instruments on the statement of financial
position as at 31 December 2023 and as at 31 December 2022. The Group should present certain equity
instruments that are pledged with the Options Clearing Corporation ('OCC'), and that can be repledged by
the OCC, separately from other unpledged equity instruments in accordance with IFRS 9 Financial
Instruments. As restated, equity instruments (pledged as collateral) is
$
1,331.7
m
, and equity instruments
(unpledged) is
$
189.6
m
as at 31 December 2023. As reported, equity instruments  as at 31 December
2023 were
$
1,521.3
m
. As at 1 January 2023, the impact of this adjustment was as follows; Equity
instruments (pledged as collateral) is
$
241.1
m
, and equity instruments (unpledged) is
$
168.9
m
as at 1
January 2023. Total equity instruments as at 1 January 2023 were
$
410.0
m
.
Changes in presentation
The following changes in the comparative period in the consolidated statement of financial position
and accompanying notes have been made in order to conform to the current period presentation. These
are voluntary changes in presentation to provide more useful information, and are not due to error.
Fixed income securities are now presented separately in the statement of financial position owing
to their homogeneous nature, distinguishing them from Treasury instruments, where they were previously
presented.
To present trade and other receivables and payables with a homogenous group of financial assets
and liabilities, the Group reclassified amounts from the separate categories "Amounts due from
exchanges, clearing houses and other counterparties", "Trade debtors", "Default funds and deposits", and
"Other debtors", to be included within the categories "Amounts receivable from clients" and "Loans
receivable"; please see note 20 Trade and other receivables and note 31 Financial instruments. The
Group reclassified amounts from the separate categories "Amounts due to exchanges, clearing houses
and other counterparties", "Accruals", "Other tax and social security taxes", and "Other creditors", to be
included within the categories "Amounts payable to clients" and "Trade payables"; please see note 24
Trade and other payables and note 31 Financial instruments.
37      Events after the Balance Sheet Date
(a) Interim dividend
The Group approved the payment of a dividend of
$
0.14
per share to be paid on 31 March 2025, to
the shareholders on record at the close of business on 17 March 2025.
(b) Acquisition of Aarna Capital Limited
On 2 October 2024, the Group announced the acquisition of Aarna Capital Limited to strengthen
the Clearing business and expand operations in the Middle East. This strategic investment is expected to
enhance the regional client footprint and service capabilities. Regulatory approvals are progressing with
final due diligence, with completion expected in Q2 2025.
(c) Acquisition of Hamilton Court Group
On 9 October 2024, the Group announced that it had agreed terms to acquire Hamilton Court
Group to expand the Group's foreign exchange services. The acquisition is consistent with the strategy to
bring in new clients and new capabilities onto its platform. The acquisition is progressing, with regulatory
approvals and due diligence being completed and is expected to complete in Q2 2025.
295
Table of Contents
38   Condensed Financial Information of Parent Company
(a)
Condensed Income Statements for the year ended 31 December
2024
2023
2022
$m
$m
$m
Interest income
56.3
45.9
22.1
Interest expense
(
51.4
)
(
35.1
)
(
3.9
)
Net interest income
4.9
10.8
18.2
Dividend income
34.5
114.7
5.0
Expenses:
Impairment of investments in subsidiaries
(
24.8
)
(
8.2
)
(
32.3
)
Other income
2.5
1.7
0.8
Other expenses
(
42.4
)
(
27.9
)
(
5.0
)
(Loss)/profit before tax
(
25.3
)
91.1
(
13.3
)
Tax
(
0.6
)
(
0.9
)
(
1.9
)
(Loss)/profit after tax
(
25.9
)
90.2
(
15.2
)
Other comprehensive loss
(
8.5
)
(
6.2
)
(
0.1
)
Total comprehensive (loss)/income
(
34.4
)
84.0
(
15.3
)
296
Table of Contents
38   Condensed Financial Information of Parent Company
(
continued)
(b)
Condensed Statement of Financial Position as at 31 December
2024
2023
$m
$m
Assets
Non-current assets
Investments
4.5
3.8
Investments in subsidiaries
612.2
633.3
Deferred tax
5.1
2.1
Subordinated loans due from group undertakings
68.2
59.8
Total non-current assets
690.0
699.0
Current assets
Trade and other receivables
1,777.2
1,184.3
Derivative instruments
62.1
43.7
Cash and cash equivalents
389.7
10.9
Total current assets
2,229.0
1,238.9
Total assets
2,919.0
1,937.9
Liabilities
Current liabilities
Trade and other payables
239.7
190.6
Derivative instruments
103.6
29.1
Corporation tax
0.2
—
Debt securities
835.4
530.0
Total current liabilities
1,178.9
749.7
Non-current liabilities
Debt securities
1,290.9
708.0
Total non-current liabilities
1,290.9
708.0
Total liabilities
2,469.8
1,457.7
Total net assets
449.2
480.2
Equity
Share capital
0.1
0.1
Share premium
202.6
134.3
Additional Tier 1 capital (AT1)
97.6
97.6
Retained earnings
186.8
264.2
Own shares
(
23.2
)
(
9.8
)
Other reserve
(
14.7
)
(
6.2
)
Total equity
449.2
480.2
297
Table of Contents
38   Condensed Financial Information of Parent Company
(continued)
(c) Condensed Statement of Cash Flows for the years ended 31 December
2024
2023
2022
$m
$m
$m
(Loss)/profit before tax
(
25.3
)
91.1
(
13.3
)
Adjustments to reconcile (loss)/profit before tax to net cash
flows:
Impairment of investments in subsidiaries
24.8
8.2
32.3
Bargain purchase gain on acquisitions
—
(
0.9
)
—
Movement in fair value of derivative instruments
56.1
(
17.3
)
2.7
Share-based payment expense
29.6
20.3
16.7
Other revaluations
2.4
(
2.1
)
—
Operating cash flows before changes in working capital
87.6
99.3
38.4
Working capital adjustments:
Increase in trade and other receivables
(
581.9
)
(
1,127.9
)
2.5
Increase/(decrease) in trade and other payables
49.1
(
172.6
)
51.8
Increase in equity instruments
(
14.7
)
(
188.8
)
(
118.1
)
Increase in debt securities
875.8
1,170.4
59.4
Cash inflow/(outflow) from operating activities
415.9
(
219.6
)
34.0
Corporation tax paid
(
0.1
)
(
0.9
)
(
3.6
)
Net cash inflow/(outflow) from operating activities
415.8
(
220.5
)
30.4
Investing activities
(Increase)/decrease in subordinated loan receivable
(
8.4
)
292.8
(
63.5
)
Net cash (outflow)/inflow from investing activities
(
8.4
)
292.8
(
63.5
)
Financing activities
Proceeds from issuance of Additional Tier 1 capital (AT1)
—
—
100.0
Issuance costs of Additional Tier 1 capital (AT1)
—
—
(
2.4
)
Repayment of Tier 2 debt securities
—
—
(
50.0
)
Proceeds from issuance of ordinary shares
73.1
—
—
Issuance costs of ordinary shares
(
4.8
)
—
—
Purchase of own shares
(
19.8
)
(
3.1
)
(
7.9
)
Dividends paid
(
77.1
)
(
58.3
)
(
6.6
)
Net cash outflow from financing activities
(
28.6
)
(
61.4
)
33.1
Net increase in cash and cash equivalents
378.8
10.9
—
Cash and cash equivalents
Cash at banks and on hand and short-term deposits at 1 January
10.9
—
—
Increase in cash
378.8
10.9
—
Cash and cash equivalents at 31 December
389.7
10.9
—
298
Table of Contents
38   Condensed Financial Information of Parent Company
(continued)
(d) Notes
Investments in subsidiaries
In the Parent Company only financial statements, the Company's investments in subsidiaries are
recorded at historic cost less accumulated impairment, in accordance with IAS 27, "Separate Financial
Statements" . in which the impairment test performed on the assessment of investments in subsidiaries is
performed in accordance with IAS 36, "Impairment of Assets"
The Parent Company received dividends from subsidiaries of $
34.5
m during 2024 (2023:
$
114.7
m, 2022: $
5.0
m).
299